To get approved for a high-limit credit card like the United Bank Gold MasterCard, you need to have a high credit score. Along with benefits like travel accident insurance and worldwide cash advance privileges, this credit card also rewards the cardholder with really low interest rates.
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Having a credit card with low interest rates is just one way someone can save money. For some other ideas, check out the Smart Money site, which has many great articles on how to save money.
United Bank Gold MasterCard Rates
Unlike the other cards that are offered by United Bank, this Gold MasterCard does not have a special introductory interest rate. The reason for this is probably because the regular interest rate is already so low at 5.25%. This annual percentage rate applies to all three types of transactions: balance transfers, purchases, and cash advances. While there is a flat interest rate, it is not fixed and will change if the credit prime rate changes.
This super low interest rate makes this card the perfect choice for someone dealing with a balance on another, higher interest card.
By making a balance transfer from that card to this one, the cardholder could save significant amounts each month by having to pay less in interest payments.
United Bank Gold MasterCard Fees
There are very few fees for this credit card compared to the majority of cards. There is no annual fee, no balance transfer fee, and no fee for foreign transactions. The fees that are applied to this card are much lower than the average credit card fees.
If the cardholder chooses to make a cash advance or write a credit card convenience check, they will be charged 1.5% of the balance being advanced.
United Bank handles its penalty fees a bit differently than most credit card providers. Usually penalty fees are a flat rate, but this bank prefers to charge percentages for most infractions.
If a payment is made late, the cardholder will be charged 5% of their minimum monthly payment. Going over the card’s credit limit will cost the cardholder an extra 2% of their total limit. There is a $15 flat fee charged for payments being returned.
Use the FREE credit card chaser tool to find out where to apply for credit cards that meet your needs!
- United Bank Natural Choice Credit Card
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- Fort Worth Community Credit Union MasterCard Gold Credit Card
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- Advancial Federal Credit Union Value MasterCard Gold Credit Card
- New Millennium Bank Secured Gold Visa/MasterCard