Sometimes you just want a credit card. You don’t want to think about rewards points, miles or anything like that, you want a low interest credit card that you can carry a balance on without breaking the bank. That is what Columbus Band and Trust (CB&T) claims that they provide with their Visa Platinum credit card.
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You do have to be a member of CB&T in order to qualify for this credit card. This is not an instant approval credit card that you can apply for online. Instead, you have to go to a bank branch and apply for your card in the bank.
Columbus Bank and Trust Visa Platinum Credit Card Overview
As mentioned above, you have to be a CB&T member in order to qualify for this credit card. This is not a credit union, so you don’t have to be a member of any special organization or group in order to open an account at this bank.
This credit card is not a bad credit credit card. They do offer, however, a little flexibility in terms of your credit history. If you haven’t had any problems with your credit in the past three or more years and you don’t have any major incidents on your credit, such as bankruptcy, then you may be able to qualify for this card.
Of course, they will look at more than just your credit score. They will consider your debt to income ratio, how high you have run your credit cards and more. You can learn more about these criteria from the Federal Reserve.
Columbus Bank and Trust Visa Platinum Credit Card Terms
The interest rate for this credit card is based upon the prime rate, plus an additional rate based on your credit score. The starting interest rate for this card is 3.99% plus prime, which is 3.25%, which makes it 7.24%. As you can imagine, your credit needs to be darn near perfect to qualify for this rate.
The highest rate for this credit card is 11.99% plus prime, making it 15.24%. Your credit must be very good to qualify for this rate. Whatever your rate turns out to be will apply to both purchases and balance transfers. The interest rate for cash advances is prime plus 16.99%-20.24%.
There is no penalty APR or annual fee for this credit card.
Columbus Bank and Trust Visa Platinum Credit Card Verdicts
This card offers some exceptional interest rates, making it a good choice for people who want or need to carry a monthly balance. Of course, your credit must be stellar to qualify for this card.
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