| Official Card Name |
IBERIABANK Visa® Platinum Card |
| Card
Apperance |
|
| Brand |
Visa |
| Annual Fee |
None |
Introductory
Rate |
n/a |
Length of
Intro Period |
n/a |
Go To Rate
(After Intro) |
9.25%, 12.25%, or 15.25% |
Balance Transfer
Available |
Yes |
Credit Level
Required |
Excellent |
| Offer Features |
No annual membership fee |
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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). |
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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. |
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Earn 1 bonus point for every $1 in qualifying net retail purchases |
| |
Turn your points into hotel, gift, or experience rewards |
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Additional Details, Terms and Conditions |
|
| Category | Reward - Other |
|---|
| Status | Platinum |
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| Introductory Percentage Rate | 0.00 |
|---|
| Introductory Time Period | 6.00 |
|---|
| Intro Applies To | Balance Transfers |
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| 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. |
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| APR for Purchases | 9.750 |
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| Purchase Rate Type | Variable |
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| Minimum APR on Purchases | No |
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| APR for Cash Advances | 11.250 |
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| Cash Advance Rate Type | Variable |
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| Minimum APR on Cash Advances | No |
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| Finance Charge Calculation | Average Daily Balance (including new purchases) |
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| Annual Fee | $0 |
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| Additional Annual Fees | $0 |
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| Annual Fee Detail | None |
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| Grace Period | 25 Days |
|---|
| Late Payment Fee | $15 on balances up to $100; $29 on balances of $100 through $1,000; $35 on balances over $1,000 |
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| Over Limit Fee | $35 |
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| Cash Advance Fee | 5%, $5 minimum, $100 maximum |
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| Balance Transfer Fee | None |
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| Minimum Balance Transfer | n/a |
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| Maximum Balance Transfer | n/a |
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| Type of Reward | Point |
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| Optional Reward | No |
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| Points Earned 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 merchandise rewards. |
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| Expiration | n/a |
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| Yearly Limit | n/a |
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| Bonus Approval | None |
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| Bonus First Purchase | None |
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| Bonus Balance Transfers | None |
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| Bonus Annual | None |
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| Bonus Other | None |
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| Bonus Details | None |
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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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| Notations | *The APR for purchases ranges from 9.75% to 16.25%.
The APR for cash advances varies according to the applicant\'s credit history and will be the Prime Rate + 8% up to the Prime Rate + 10%.
See website for complete terms and conditions of card usage and application disclosure.
|
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| Features / Benefits: | Earn 1 Bonus Point For Every $1 In Qualifying Net Retail Purchases |
|---|
| 1 | Turn Your Points Into Hotel, Gift, or Experience Rewards |
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| 2 | Travel Accident Coverage Up to $1,000,000 |
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| 3 | No Annual Membership Fee |
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| 4 | Low Introductory APR on Balance Transfers for Your First 6 Billing Cycles - Applies to Balance Transfers Processed Within 3 Months of Your Account Open Date |
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| 5 | No Transaction Fee for Balance Transfers |
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| 6 | 25 Day Grace Period |
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| 7 | Online Access to Credit Card Account Information |
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| Rating | 4.50 |
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| Benefit Rating | 3.50 |
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| Best Feature | Reasonably low APR for those who qualify; No annual fee. |
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| Worst Feature | Limited benefits offered. |
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| Review | 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 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.
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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| Date of Data Update | 2009-06-24 00:00:00 |
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