Cadence Bank Gold Mastercard®

Cadence Bank Gold Mastercard® Review

This is a rewards card issued by Cadence Bank. If you're wondering whether Cadence Bank Gold card is the right card for you, read on.

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. Cadence Bank Gold Mastercard® has a variable purchase APR that ranges from 13.90% up to 19.90%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Cadence Bank Gold Mastercard® 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 2% every time you make a transaction outside the U.S.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Cadence Bank Gold card

The Good	The Bad
Potentially lower than average purchase APRs. 0% APR on new purchases during the first 6 months. There is then a variable purchase APR that ranges from 13.90% up to 19.90%. No annual fee. Identity Theft Protection. Travel assistance insurance Considers applicants with fair credit. Cardholders can earn rewards on their purchases. Cadence Bank Gold Mastercard® reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 2%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee.

Cadence Bank Gold card FAQ

Does Cadence Bank Gold card have a cash back or rewards program?

Cadence Bank Gold card is a rewards card.

Cadence Bank Gold card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Cadence Bank Gold card benefits?

It provides the following benefits:

• Zero fraud liability
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Cadence Bank Gold card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Cadence Bank Gold Mastercard® has a variable purchase APR that ranges from 13.90% up to 19.90%. The card has a variable balance transfer APR that ranges from 19.190% up to 21%. It also has a variable cash advance APR that ranges from 19.90% up to 21%. Note that late payments are subject to an APR of 21% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Cadence Bank Gold card?

The following fees apply:

• There is no overlimit fee

Cadence Bank Gold card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	2%
Returned Payment Fee	up to $35
Late Payment Fee	up to $35

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

Does Cadence Bank Gold Mastercard® report your account activity to credit bureaus?

Yes, Cadence Bank Gold Mastercard® 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 Cadence Bank Gold card

• Visit the Cadence Bank Gold 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.