Bangor Savings Bank Credit Card Review

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Bangor Savings Bank Credit Cards

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Read through this Bangor Savings Bank credit card review before you decide to apply for a Bangor credit card offer.

Bangor Savings Bank is based in Bangor, Maine. And that’s the way they like it. This local savings bank is committed to the communities in which it is based and prides itself in offering the same products as all of the national banks, but in a way that’s right for the people of Maine.

They offer a variety of financial services, including loans, mortgages, business services, and credit cards. Their credit cards are offered in conjunction with Elan Financial Services, a credit corporation that specializes in working with local and community banks to offer credit cards in the local communities.

If You’re Looking for Rewards

All of the credit cards offered by Elan Financial services are Visa credit cards. But there are some key differences that make each card unique and make them suitable for different individuals in different situations. The Visa Signature Card is an excellent choice for those who have a good, established credit history and are looking to expand their credit experience by adding a rewards program. The Visa Signature Card has the following features:

No annual fee
Unlimited 1% cash back rewards on your purchases
Triple points on gas, drugstore, and grocery store purchases
Your choice of rewards: cash, gift certificates, merchandise, or travel rewards
Special 0% introductory rate for the first six months
A bonus of $25 when you make your first purchase
Signature benefits in the world of sports and entertainment, fine wine and food, travel, hotel and spa, shopping, and concierge service
Normal APR after the introductory period of 9.99%-20.99%, depending on your credit

It’s a Classic

Many people keep a credit card that they use only for emergencies. If you want a credit card for this purpose and don’t plan on using it unless you need to, then the classic Bangor Savings Bank Visa Platinum Card might be a better fit for your needs. It offers:

No annual fee
Special 0% introductory rate for the first six months
Normal APR after the introductory period of 9.99%-20.99%, depending on your credit
Generous credit lines

The Bangor Classic Visa credit card doesn’t offer any rewards, but if you’re not planning on using it often, then you’re not really losing out on much. And the interest rate is excellent, so if you end up needing to use it, then you won’t have to pay a fortune in interest.

Building Up Credit

Young adults often find themselves in a position where they want to build a credit history, but no one will approve them for a credit card precisely because they have no credit history. But you can get around this technicality by having someone with good credit co-sign for you, which will most likely qualify you for a Bangor Savings Bank Young Adult Visa Card.

No annual fee
Normal APR will be from 9.99%-20.99%, depending on your credit
Quick approval with a qualified co-signer

Just be sure to find someone who is willing to vouch for you and who has excellent credit themselves. And remember: if you miss a payment, it will affect your co-signer’s credit score (and, most likely, your relationship with that person). Be good to their credit because they were good to you.

Bangor College Rewards Visa Card

College students can be an easy target for predatory lenders. But you can protect yourself from a card with a high interest rate by signing up for a Bangor Savings Bank College Rewards Visa Card:

No annual fee
1 point earned for every dollar spent
Your choice of rewards: cash, gift certificates, or discounted travel
A bonus of 1,000 when you make your first purchase
Low rates and manageable credit line

Because the card’s rates are low and the credit line is manageable, this card is a great tool for learning how to handle credit. Even if you have a momentary lapse of judgment, you won’t be able to buy anything that’s impossible for you to pay back. It keeps you in a safe realm while you’re learning the ins and outs of managing your credit.

Applying for a Bangor Savings Bank Credit Card Offer

Whether or not you should choose to apply for a Bangor Savings Bank credit card depends on your situation. If you need to build a credit history, the Young Adult and College Rewards cards are both excellent options. And the interest rate on the classic Visa is decent. But if you want rewards, then you can find a better offer with a better rate at another bank. It’s all a matter of what your financial needs are at the moment. Evaluate your finances before you make a decision and then use the free credit card comparison finder our our home page to get started comparing credit cards now!