• Facebook Facebook
    • Twitter Twitter
    • RSS Feed RSS Feed
  • Home
  • Blog
  • Credit Card News
  • Questions

Home > Spotlight

IBERIABANK Visa® Platinum Card Review

September 28, 2011 - 5:57 pm

The IBERIABANK Visa® Platinum Card is a great card for those looking for a low interest rate credit card. You’ll need excellent credit to qualify for this credit card.

The card has a rewards program that pays 1 point for each $1 you spend on qualifying purchases. You also have the opportunity to earn 17,000 in bonus points the first year. You can redeem points for merchandise and travel rewards online, over the phone, or by mail as long as your account is in good standing. Points can’t be purchased, so you need to have enough points in your balance to cover the award you want to receive. You can enjoy this low interest rate credit card and the rewards at no annual fee.

Applying for a credit card with IberiaBank requires a little more than other credit cards. Iberia Bank requires a recent paystub and income verification before they’ll issue you a credit card. Because of the extra verification process, it may take a few days, or even a month, to process your application.

APR and Fees

The regular APR for purchases will either be 9.25%, 12.25% or 15.25% based on your creditworthiness.

The card comes with a 1.99% introductory rate on balance transfers for six billing cycles. You must make the transfer within three months of opening the account to take advantage of the balance transfer offer. After the introductory rate expires, the transfer rate is the same as the regular purchases APR. The balance transfer fee is 2% of the amount you transfer.

The cash advance APR is 14.75%, 18.25% or 21.25% based on your creditworthiness – much lower than most other cash advance APRs. The cash advance fee is either $5 or 5% up to $100.

There’s no annual fee for this card, though you’ll have to pay $5 for additional cards, for example, if you decide to add another person to your account.

You’ll pay a 2% foreign transaction fee on all transactions where the merchant isn’t located in the United States. Iberia Bank charges a foreign transaction fee even if there’s no currency conversion for the transfer.

Iberia Bank Platinum Visa has a few other perks like Auto Rental Collision Damage Waiver, Roadside Dispatch ($59.95 per call), and Travel Emergency Services.

Biggest Benefit

  • Low interest rate
  • No annual fee
  • 1 point reward per $1

Drawback

  • Strict application process

Similar Posts

  • IBERIABANK Visa® Gold Card Review
  • Discover® More Card Review
  • Discover® Motiva Card Review
  • Prepaid Visa® RushCard Review
  • Iberia Bank Visa® Classic Card Review
  • Recent Posts

    • Why Stay-at-home Moms Created a Petition against the 2009 Card Act
    • Credit Card Rates Stand at 4 Year High Mark
    • Average Credit Card Rates in December 2011
    • Obama Proposes Initiative for Making Credit Terms Easier to Understand
    • Aggressive Cash Back Credit Card Deals for the 2011 Holiday Season
  • Categories

    • Credit Card Blog
    • Credit Card News
    • Featured Articles
    • Spotlight

Home | About | Credit Cards | News | Blog | Questions


Privacy Policy | Terms & Conditions


Copyright © 2011 ApplyForACreditCard.com. All rights reserved.

By using our service and providing your personal contact information, you agree that ApplyforaCreditCard.com, any of its affiliates and any company you are matched with may contact you by any method of communication, including by telephone even if you are on a federal or state Do Not Call registry. This site is a free matching service intended to provide a variety of options and information, and is not responsible for any service/information provided by any third party provider. ApplyforaCreditCard.com is a marketing and advertising agency only. It does not supply the service provided for therein, rather it provides a matching service. Upon your submission of the information requested on our website, we re-direct you to one or more of our participating service providers. You are under no obligation to pursue business with any of the participating service providers in our network. We encourage you to review each service carefully before electing to do business with them. Further, you should review their privacy policy and terms on the their page and contact them directly regarding their organizations' policies.


The content, including without limitation any viewpoint or opinion, contained in any article or video posted on this website is for informational purposes only and does not necessarily reflect the opinion or viewpoint of ApplyForACreditCard.com. Any third party contributor to any such article or video has been compensated by ApplyForACreditCard.com for such contribution. It is advised that you conduct your own investigation as to the accuracy of any information contained herein.