Arvest Bank True Rate™ Credit Card

Arvest Bank True Rate™ Credit Card Review

This is a card issued by Arvest Bank. If you're wondering whether Arvest Bank True Rate™ Credit Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Arvest Bank True Rate™ Credit Card has a variable purchase APR that ranges from 9.24% up to 18.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Arvest Bank True Rate™ Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, identity theft protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Arvest Bank True Rate™ Credit Card

Arvest Bank True Rate™ Credit Card FAQ

Does Arvest Bank True Rate™ Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Arvest Bank True Rate™ Credit Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Arvest Bank True Rate™ Credit Card?

Arvest Bank True Rate™ Credit Card has a variable purchase APR that ranges from 9.24% up to 18.24%. The card has a variable balance transfer APR that ranges from 9.24% up to 18.24%. It also has a variable cash advance APR of 24.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Arvest Bank True Rate™ Credit Card?

The following fees apply:

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Arvest Bank True Rate™ Credit Card report your account activity to credit bureaus?

Yes, Arvest Bank True Rate™ Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Arvest Bank True Rate™ Credit Card

• Visit the Arvest Bank True Rate™ Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.