Pay no balance transfer fees for 60 days when opening a Union Bank Platinum Visa credit card. Plus pay no interest for 15 months on the amount transferred.
After the promotional period ends, if cardholders haven’t paid off the balance in full, they will be billed interest on remaining amounts at APRs anywhere from 8.49% to 19.99% depending on creditworthiness.
Generally carrying a credit card balance is a terrible long-term practice. However under some circumstances it makes sense, such snaring a great deal at half-price (50% off) and paying the purchase off over time. 50% – 8.49% saves the buyer 31.51% when spread over a year. Just be sure to pay off any balances as soon as possible.
BENEFITS AND FEATURES
Union Bank credit cards have a generous slate of features and benefits to make shopping easy and safe. One of them minimizes “buyer’s remorse.” Credit cards have a try before you buy feature built into the system. Other perks include:
Secure mobile access to account
Swipe smart for enhanced security
Custom account alerts for real-time monitoring
Zero fraud liability for unauthorized charges
Go green digital services so you never lose a bill or important documents
Monthly statements to keep track of expenses
Visa Concierge services such as dining reservations, gift arrangements, etc., although some fees may apply
Emergency card replacement available 24/7/365
Purchase security up to $500 for stolen or damaged items
UNION BANK CARDS WITH REWARDS
For those who expect credit cards to come with rewards, Union Bank has three varieties to suit your needs. The Bank Freely Rewards credit card works best with a flat rate for everyday bills such as utilities, clothes, food, entertainment. The Preferred Rewards credit card has bonus categories for dining, gas, and groceries. The Travel Rewards credit card program favors frequent travelers and people on the move.
20,000 Introductory rewards bonus after $1,500 in purchases within 3 months of opening
3% Rewards on travel ($6,000 max/year and 1% thereafter)
2% Rewards on restaurants ($6,000 max/year and 1% thereafter)
1% Rewards on all other eligible purchases
Introductory 0% APR financing on purchases and balance transfers for first 12 months
Regular APR of 13.99% to 23.99% once promotional period ends
3% Balance transfer fee
$0 Annual fee for first and $49/year after
ABOUT UNION BANK
While little known in the United States, Union Bank is the brand name for MUFG Bank which is the 5th largest bank by assets in the world by one account. As of 12/31/2019 Union Bank handles more financial assets than JP Morgan Chase, Citibank or Bank of America on a global level.
For a limited time only the American Express Blue Cash Everyday Card offers new account holders a generous $200 statement credit after charging $1,000 worth of purchases with the card. This special promotion ends December 10, 2020.
In addition if cardholders decide to carry a balance, they pay no interest for 15 months. However a minimum monthly payment is due each billing cycle.
In addition be rewarded with cash back on purchases and other benefits and features that American Express offers its customers.
3% cash back at U.S. supermarkets ($6,000 maximum per year)
2% cash back at U.S. gas stations on eligible purchases
2% cash back at select U.S. department stores, which includes online purchases
1% cash back on other eligible purchases
Purchases – 0% for 25 days when statement balance is zero
Purchases – 13.99% to 23.99% depending on creditworthiness and prime rate
Cash Advances – 25.24%
Annual Fee: $0.00
Cash advance: 5% ($10 min)
Foreign transaction: 2.7%
Late payments – up to $40
Returned payment – up to $40
Redeem Membership Rewards
Cash back as statement credit ($25 minimum)
Merchandise such as electronics, fashion, home goods
Travel, including airfare, hotels, luggage
Donate to selected charities
Roadside Assistance Hotline
Car rental and damage insurance (excludes liability coverage)
Global Assist Hotline (doesn’t pay for third-party costs)
Simmons Bank Visa Card saves you money on interest with introductory 0% APR and low-interest purchase APR later on.
Enjoy 0% APR on purchases made within 12 months of opening a new account. Get the same 0% APR for balance transfers made within 60 days of account opening. A 3% fee is added to amount transferred
Founded in 1903 in Pine Bluff, Arkansas, Simmons Bank has survived pandemics and world wars to help customers in good times and bad. Simmons was recognized by Forbes as one of World’s Best Banks, “Banks were rated on general satisfaction and key attributes like trust, fees, digital services and financial advice.”
Annual Fee: None
Purchase and balance transfer APR: 8.25%
Balance transfer fee: 3% ($10 minimum)
Cash advance APR: 12.25%
Cash advance fee: 3% ($4 minimum)
Grace period: 25 days
Foreign purchase transaction fee: 2%
Use your card anywhere VISA is accepted for purchases
Get up to $1,000,000 travel accident insurance at no additional cost
Car rental coverage
24/7 customer service representatives on call
$0 fraud liability protection on unauthorized use of card
Text and/or email alerts on credit card activity
The basic Simmons Bank Visa Card is a great choice for users who occasionally decide to carry a monthly balance on their credit card. Put together with an attractive introductory financing offer, the card can smooth out expenses at no or minimal interest expenses. Together with a bank that has a 100-year track record of stability, when reliability matters the Simmons Bank Visa is an excellent choice.