Tag Archives: Intro APR

American Express Cash Magnet Card Review

Rewards
american express cash magnet card
Great introductory offer and rewards

The Cash Magnet Card from American Express offers an introductory 0% APR on purchases and balance transfers for the first 15 billing cycles made within the first 60 days of account opening.

For a large purchase or bill a new cardholder can save hundreds or in some cases over a thousand dollars in financing charges over a 15 month period.

Here are two examples of the interest a new account holder wouldn’t have to pay during the introductory period.

  • A $2,500 charge saves from $461 (14.74% APR) to $804 (25.74% APR)
  • A $5,000 charge saves from $921 (14.74% APR) to $1,609 (25.74% APR)

To avoid paying interest charges any balance must be paid in full within 15 months of getting your new card.

Even if you don’t make such a large initial purchase, American Express rewards you with an extra $150 bonus on spends over $1,000 within the first 3 months on top of the normal 1.5% rewards for each purchase.

Should your total spend reach $6,500 or more in the first 12 months, then American Express rewards you with an additional $100 rebate.

With the holiday shopping season coming up the Cash Magnet can spread the cost of gift-giving over most of 2019, and reduce the bills by $1.50 per hundred plus the $150 to $250 if you’re really generous.

In addition most of the items you buy for yourself or others carry these protections when you keep all the proper documents (especially receipts).

Purchase Protection
Extended warranty
Return Protection
Dispute Resolution

These benefits come in handy if your items or gifts need to be exchanged, get damaged or stolen, or just to keep records of purchases for future reference.  

Best of all there is no annual fee and you’re protected from unauthorized charges with the zero liability policy.

SOME TERMS AND CONDITIONS

  • Grace Period: 25 days
  • Annual Fee: $0
  • Balance Transfer Fee: 3% (min $5)
  • Cash Advance Fee: 3% (min $5)
  • Foreign Transaction Fee: 2.7%
  • APR for first 15 billing cycles: 0%
  • APR on revolving balances: 14.74 to 25.74%
  • APR on balance transfers: 14.74 to 25.74%
  • APR Cash Advances: 26.99%
  • Fraud Protection: yes
  • Warranty Extension: yes
  • click here for application

American Legion USAA Credit Cards

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The American Legion MasterCard has been changed to non-branded USAA credit cards.

These credit cards include the following five choices:

  • USAA Rewards™ American Express® Card
  • Cashback Rewards Plus American Express® Card
  • USAA Rewards™ Visa Signature® Card
  • Preferred Cash Rewards Visa Signature® Card
  • USAA Rate Advantage Visa Platinum® Card

USAA Rewards™ American Express® Card

  • 3X points on dining out
  • 2X points on gas and groceries
  • 1X points on all other eligible purchases
  • 2,500 bonus points after first purchase
  • No annual fee
  • APR from 9.90% to 25.90%
  • No APR penalty
  • No minimum interest charge
  • No over credit limit fee
  • No foreign transaction fee
  • 3% balance transfer fee
  • 3% cash advance fee, which is waived if transferring to USAA deposit account
  • Purchase protections for items lost, stolen or damaged within 90 days of purchase

USAA Cashback Rewards Plus™ American Express® Card

  • 5% cash back on first $3,000 in combined gas station and military base purchases per year
  • 2% cash back on first $3,000 in grocery purchases per year
  • Unlimited 1% cash back on all other eligible purchases
  • No annual fee
  • APR from 11.90% to 25.90%
  • No APR penalty
  • No minimum interest charge
  • No over credit limit fee
  • No foreign transaction fee
  • 3% balance transfer fee
  • 3% cash advance fee, which is waived if transferring to USAA deposit account
  • Purchase protections for items lost, stolen or damaged within 90 days of purchase

USAA Rewards™ Visa Signature® Card

  • 2X points on gas and dining out
  • 1X points on all other eligible purchases
  • 2,500 bonus points after first purchase
  • No annual fee
  • APR from 9.90% to 25.90%
  • No APR penalty
  • No minimum interest charge
  • No over credit limit fee
  • No foreign transaction fee
  • 3% balance transfer fee
  • 3% cash advance fee, which is waived if transferring to USAA deposit account

USAA Cash Rewards Visa Signature® Card

  • 1.5% cash back on all other eligible purchases
  • No category restrictions
  • No annual fee
  • APR from 11.90% to 25.90%
  • No APR penalty
  • No minimum interest charge
  • No over credit limit fee
  • No foreign transaction fee
  • 3% balance transfer fee
  • 3% cash advance fee, which is waived if transferring to USAA deposit account

USAA Rate Advantage Visa Platinum® Card

  • No rewards
  • No annual fee
  • APR from 6.90% to 23.90%
  • No APR penalty
  • No minimum interest charge
  • No over credit limit fee
  • No foreign transaction fee
  • 3% balance transfer fee
  • 3% cash advance fee, which is waived if transferring to USAA deposit account

To be eligible for a USAA credit card an applicant has to be currently on active duty, serving the United States honorably, anywhere in the world, or have served honorably during any of the eligible war eras.

USAA stands for United Services Automobile Association. Per wikipedia, “USAA was founded in 1922 in San Antonio by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group. USAA has since expanded to offer banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their families.”

TCF Platinum Edition® Visa® Credit Card

No Annual Fee

TCF Platinum Edition® Visa® credit card 0% APR for 12 months on balance transfers

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The TCF Platinum Edition Visa credit card from Chemical Bank features:

  • $25 statement credit when you make a purchase within the first 3 billing cycles after the account is opened
  • No over-limit fees
  • No annual fee
  • No penalty APR
  • Free FICO score
  • An introductory balance transfer fee of 3% for the first 12 billing cycles applies to this offer (minimum fee $10)

Making your purchases with a credit card makes more sense than paying with cash when the bill is paid in full every month.

Sometimes you may change your mind about the purchase. Using a credit card gives you additional flexibility in making returns, subject to the merchant’s return policy.

With the TCF Platinum Visa credit card you get these perks for your peace of mind:

  • Try before you pay
  • 21-day, interest-free grace period on purchases
  • Free Online Account Access – 24 hours a day, 7 days a week
  • Extended Warranty Protection
  • 0% liability for any transactions resulting from a lost or stolen card
  • Year-End Account Summary

Remember to get the full benefits of the TCF Platinum credit card make your payments when due, stay within your credit limit, and be sure payments are not dishonored for any reason.

Cards are issued by First Bankcard®, a division of First National Bank of Omaha, pursuant to a license from Visa U.S.A. Inc.