| Official Card Name |
Iberiabank Visa® Platinum Card |
| Card
Appearance |
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| Brand |
Visa® |
| Annual Fee |
$0 |
Purchase Intro
Rate |
n/a |
Length of Purchase
Intro Period |
n/a |
Go To Rate
(After Intro) |
9.25%, 12.25%, or 15.25% |
Balance Transfer
Available |
Yes |
Balance Transfer
Intro Rate |
1.99% |
Balance Transfer
Intro Period |
6 billing cycles |
Balance Transfer
Go To Rate |
See Terms* |
Balance Transfer
Fee |
See Terms* |
Credit Level
Required |
Excellent |
| Offer Features |
No annual membership fee |
| | Low variable rate of 9.25%, 12.25%, or 15.25% based on the creditworthiness. This APR will vary with the market based on the Prime Rate. |
| | Introductory APR on balance transfers of 1.99% for your first 6 billing cycles. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. |
| | Earn 1 bonus point for every $1 in qualifying net retail purchases, can redeem for merchandise with as little as 700 points. |
| | Turn your points into hotel, gift, or experience rewards |
| | Product Enhancements include: Auto Rental Collision Damage Waiver, Roadside Dispatch and Travel Emergency Services. |
| | Online access to credit card account information |
| |
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Additional Details, Terms and Conditions |
| |
| Name | IberiaBank Visa® Platinum Rewards Card |
|---|
| Most Attractive | Reasonably low APR for those who qualify; No annual fee. |
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| Least Attractive | Limited benefits offered. |
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| Description | The IberiaBank Visa® Platinum Rewards Card, issued by IberiaBank, is ideal for those with very good credit who plan to take advantage of the rewards program offered. Through the rewards program, cardholders earn one point per dollar spent on all qualifying purchases. Points are redeemable for merchandise, travel and gift certificates to participating restaurants and merchants. There is no annual fee for the ScoreCard® Bonus Points Program. There is no annual fee and the interest rate for purchases is reasonably low for a reward card (for those who qualify). In addition, the card offers a low introductory rate on balance transfers submitted during the first three months for the first six months of membership. Aside from the rewards program, cardholders can expect common benefits, such as up to $1,000,000 in travel accident insurance, lost and stolen card reporting, and various online account services. Therefore, those who qualify for the lowest rate offered, do not want to pay an annual fee, and plan to take advantage of the rewards program will benefit most from what the IberiaBank Visa® Platinum Rewards Card has to offer. |
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| Short Description | The IberiaBank Visa® Platinum Rewards Card offers a low interest introductory period along with additional benefits and services. Through the rewards program, cardholders earn one point per dollar spent on all qualifying purchases. Points are redeemable for merchandise, travel and gift certificates to participating restaurants and merchants. This card has no annual fee and there is no annual fee for the ScoreCard® Bonus Points Program. There is a low introductory rate on balance transfers for six months and a reasonably low APR for purchases, which makes this card a decent option if you plan to carry a balance. You'll also receive additional benefits, including various Internet account services and lost and stolen card reporting. |
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| Rating | 5 |
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| Content Updated Date | Jul 14 2009 11:00AM |
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| Bullets | - No annual membership fee
- Low variable rate of 9.25%, 12.25%, or 15.25% (Prime + 6.00%, Prime + 9.00%, or Prime + 12.00%) as of 4/1/10 based on the creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00).
- Low Introductory ARP on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
- Earn 1 bonus point for every $1 in qualifying net retail purchases
- Turn your points into hotel, gift, or experience rewards
- Travel accident coverage up to $1,000,000
- Online access to credit card account information
|
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| Issuer | IBank |
|---|
| Category | Reward - Other |
|---|
| Card Type | Visa |
|---|
| Introductory Rate Offer | 1.99% APR for 6 Months |
|---|
| Card Status | Platinum |
|---|
| Introductory APR | 1.99 |
|---|
| Time Period Months or Billing Cycles | 6 |
|---|
| Time Period Type | Months |
|---|
| Intro Applied To | Balance Transfers |
|---|
| Intro Details | Low Introductory APR on balance transfers for your first 6 billing cycles. Applies to balance transfers processed within three months of your account open date. |
|---|
| Purchase Based on Index | Prime Rate |
|---|
| Purchase Index Value | 3.25 |
|---|
| Margin Rate for Purchases | 6.00 |
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| APR for Purchases Numeric | 9.25 |
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| APR for Purchases | 9.25%, 12.25%, or 15.25%* |
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| Rate for Purchases is | Variable |
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| Minimum APR for Purchases | No |
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| APR for Purchases Updated | Monthly |
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| Cash Based on Index | Prime Rate |
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| Cash Index Value | 3.25 |
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| Margin Rate for Cash Advances | 11.50 |
|---|
| APR for Cash Advances Numeric | 14.75 |
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| APR for Cash Advances | 14.75%, 18.25%, or 21.25%* |
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| Rate for Cash Advances is | Variable |
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| Minimum APR for Cash Advances | No |
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| APR for Cash Advances Updated | Monthly |
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| Method of Computing Balance | Average Daily Balance (including new purchases) |
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| Annual Fee | $0 |
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| Annual Fee Details | None |
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| Grace Period | 25 Days |
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| Late Payment Fee | $15 if balance is less than $100; $29 if balance is $100.00 to $1,000; $35 if balance is more than $1,000 |
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| Over The Limit Fee | None |
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| Cash Advance Fee | 5%, $5 minimum, $100 maximum |
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| Balance Transfer Fee | 2% of transfer amount |
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| Minimum Credit Limit | n/a |
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| Maximum Credit Limit | n/a |
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| Type of Reward | Point |
|---|
| Optional Reward | No |
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| Reward Expiration | n/a |
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| Reward Yearly Limit | n/a |
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| Points per Dollar Spent | 1 Point |
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| Additional Points | None |
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| Point Details | Points are redeemable for hotel, gift or experience rewards. |
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| Additional Perks | Various Internet account related services. Lost and stolen card reporting. Up to $1,000,000 in travel accident insurance. See website for additional benefits. |
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| Important Notations | *This APR may vary with the market based on the Prime Rate. See website for complete terms and conditions of card usage and application disclosure. |
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| Credit Rating | Very Good |
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| Card Overall Rating | 4.50 |
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| Card Benefit Rating | 3.50 |
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