BancorpSouth Standard Mastercard®

BancorpSouth Standard Mastercard® Review

This is a rewards credit card issued by BancorpSouth. If you're wondering whether BancorpSouth Standard Mastercard® is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. BancorpSouth Standard Mastercard® has a variable purchase APR that ranges from 10.9% up to 16.9%.
• 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. BancorpSouth Standard 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.

The Good	The Bad
Potentially lower than average purchase APRs. 0% APR on new purchases during the first 6 months. No annual fee. Identity Theft Protection. Considers applicants with fair or poor credit. Cardholders can earn rewards on their purchases. BancorpSouth Standard 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. Does not include many credit card benefits.

Does BancorpSouth Standard Mastercard® have a cash back or rewards program?

BancorpSouth Standard Mastercard® is a rewards card.

BancorpSouth Standard Mastercard® Rewards

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

What are the BancorpSouth Standard Mastercard® benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for BancorpSouth Standard Mastercard®?

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.

BancorpSouth Standard Mastercard® has a variable purchase APR that ranges from 10.9% up to 16.9%. The card has a variable balance transfer APR that ranges from 16.9% up to 21%. It also has a variable cash advance APR that ranges from 16.9% 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 BancorpSouth Standard Mastercard®?

The following fees apply:

• There is no overlimit fee

BancorpSouth Standard Mastercard® 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 BancorpSouth Standard Mastercard® report your account activity to credit bureaus?

Yes, BancorpSouth Standard 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 BancorpSouth Standard Mastercard®

• Visit the BancorpSouth Standard Mastercard® 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.