Cadence Bank Platinum Mastercard®

Cadence Bank Platinum Mastercard® Review

This is a rewards credit card issued by Cadence Bank. If you're wondering whether Cadence Bank Platinum 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 Platinum 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 Platinum 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.
• Multiple credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, identity theft protection, price 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 Cadence Bank Platinum 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. Multiple credit card perks. Extended warranty and price protection on purchases. Identity Theft Protection. Considers applicants with fair credit. Cardholders can earn rewards on their purchases. Cadence Bank Platinum 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.

Cadence Bank Platinum Card FAQ

Does Cadence Bank Platinum Card have a cash back or rewards program?

Cadence Bank Platinum Card is a rewards card.

Cadence Bank Platinum 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 Platinum Card benefits?

It provides the following benefits:

• Extended Warranty Protection
• Zero fraud liability
• Price Protection
• Reports to major credit bureaus

What are the relevant APRs for Cadence Bank Platinum 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 Platinum 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 Platinum Card?

The following fees apply:

• There is no overlimit fee

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

Yes, Cadence Bank Platinum 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 Platinum Card

• Visit the Cadence Bank Platinum 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.