There are many perks to having a Whitney Bank Platinum Visa credit card, other than just the low interest rate and minimal fees. The minimum credit line for this card is $5,000 and the cardholder is eligible for a 1% rebate on all outside balances transferred to this card in the first year the card is active. The cardholder will also receive benefits available to all Visa cardholders, including car rental insurance, travel accident insurance, emergency and travel assistance, and emergency card and cash replacement.
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The reason there are so many perks with this particular card is because it is a Platinum Visa and the people that qualify for this card have higher credit scores. So if someone wants to trade up from their basic card to this one, they need to work on their credit score. The My Money website has great information on how to get approved for this type of card, including how to improve a credit score and how to manage the rest of your finances responsibly.
Whitney Bank Visa Platinum Credit Card Rates
The interest rate applied to cash advances, purchases, and balance transfers for this card is an extremely low 6.25%.
It is very rare to find this type of interest rate from a bank credit card and it is also very rare for the cash advance rate to be the same rate as purchases and balance transfers.
Cardholders are usually charged much more in interest for cash advances.
Whitney Bank Visa Platinum Credit Card Fees
There is no fee for balance transfers on this credit card or for going over the card’s limit. There is also no annual fee. If the cardholder makes a cash advance they will only be charged 2.5%, which is fairly low. Late payments carry fees up to $15 while returned payments can be as much as $25.
Since there is no fee and the interest rate is so low, this card is a great choice for balance transfers. The cardholder could potentially save hundreds of dollars every month by having such low interest charges.
Search here for FREE to find more of the best credit cards to use for balance transfers!
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