Cadence Bank Standard Mastercard®

Cadence Bank Standard Mastercard® Review

This is a rewards credit card issued by Cadence Bank. If you're wondering whether Cadence Bank Mastercard 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 Standard 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 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.

Pros & Cons of Cadence Bank Mastercard

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. Considers applicants with fair credit. Cardholders can earn rewards on their purchases. Cadence Bank Standard Mastercard® reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 2%. Charges a 3% balance transfer fee. Does not include many credit card benefits.

Cadence Bank Mastercard FAQ

Does Cadence Bank Mastercard have a cash back or rewards program?

Cadence Bank Mastercard is a rewards card.

Cadence Bank Mastercard 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 Mastercard benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Cadence Bank 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.

Cadence Bank Standard 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 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 Cadence Bank Mastercard?

The following fees apply:

• There is no overlimit fee

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

Yes, Cadence Bank 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 Cadence Bank Mastercard

• Visit the Cadence Bank 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.