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  BankMobile Classic Mastercard

BankMobile Classic Mastercard

in Personal Credit Cards from Customers Bank

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BankMobile Classic Mastercard

Unaffiliated

in Personal Credit Cards from Customers Bank

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Highlights
Highlights
Balance Transfer APR  (Variable APR) 16.99% - 24.99%
Credit Score Range 580 - 700
Annual Fee $0
Purchase APR  (Variable APR) 16.99% - 24.99%

BankMobile Classic Mastercard Review

BankMobile Classic Mastercard is a credit card issued by Customers Bank. If you're wondering whether BankMobile Classic Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

  • Competitive APRs. BankMobile Classic Mastercard has a variable purchase APR that ranges from 16.99% up to 24.99%.
  • 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. BankMobile Classic Mastercard charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
  • 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 emergency support, extended warranty protection on purchases, and fraud protection.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 580.

BankMobile Classic Mastercard Pros and Cons:

The Good The Bad
  • Accounts are reviewed every six months for a potential credit line increase or upgrade to the BankMobile Rewards Mastercard.
  • No annual fee.
  • Cardholders can build credit with regular payments.
  • No annual fee.
  • Multiple credit card perks.
  • Extended warranty on purchases.
  • Considers applicants with fair or poor credit.
  • BankMobile Classic Mastercard reports to multiple credit bureaus.
  • No rewards or bonuses offered with this card.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.

Is there a BankMobile Classic Mastercard cash back or rewards program?

No, BankMobile Classic Mastercard does not offer a rewards program.

What are the BankMobile Classic Mastercard benefits?

BankMobile Classic Mastercard provides the following benefits:

  • Emergency Support
  • Extended Warranty Protection
  • Zero fraud liability
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for BankMobile Classic Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance.

BankMobile Classic Mastercard has a variable purchase APR that ranges from 16.99% up to 24.99%. The card has a variable balance transfer APR that ranges from 16.99% up to 24.99%. It also has a variable cash advance APR that ranges from 16.99% up to 24.99%.

Does BankMobile Classic Mastercard have an introductory APR offer on balance transfers?

No, BankMobile Classic Mastercard does not come with an introductory APR offer for balance transfers.

Does BankMobile Classic Mastercard have an introductory APR offer on new purchases??

BankMobile Classic Mastercard does not offer an introductory rate on new purchases.
BankMobile Classic Mastercard Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the BankMobile Classic Mastercard fees?

The following fees apply to BankMobile Classic Mastercard:

BankMobile Classic Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Returned Payment Fee up to $38
Late Payment Fee up to $38

Does BankMobile Classic Mastercard have a foreign transaction fee?

BankMobile Classic Mastercard charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does BankMobile Classic Mastercard report your account activity to credit bureaus?

BankMobile Classic 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 can help improve your credit score.

How to apply for BankMobile Classic Mastercard

  • Visit the BankMobile Classic 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Annual Fee  
Annual Fee $0
Minimum Interest Charge $0.01
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) Starting at $5
Foreign Currency Transaction Fee 3%
Returned Payment Fee Up to $38
Late Fee Amount Up to $38
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 580 - 700
Card Type Balance Transfer
Card Network Mastercard
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Emergency Support  
Fraud Liability  
Extended Warranty  
Credit Card Benefits
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Identity Theft Protection
Cash Advance APR (Variable APR) 16.99% - 24.99%
Balance Computation average daily balance
Purchase APR (Variable APR) 16.99% - 24.99%
Balance Transfer APR (Variable APR) 16.99% - 24.99%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%

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Credit Score Range

Annual Fee

Purchase APR

BankMobile Rewards Mastercard

BankMobile Rewards Mastercard

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Balance Transfer APR 16.99% - 24.99%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 720 - 850     300 850
Annual Fee $0 Annual Fee
Purchase APR 16.99% - 24.99%
(Variable APR)
    0% 36% Variable APR