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  Central Bank The Only Card Mastercard®
Central Bank The Only Card Mastercard®
in Credit Cards from Central Bank
Unaffiliated

Central Bank The Only Card Mastercard®

Unaffiliated
in Credit Cards from Central Bank
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Highlights
Purchase APR  (Variable APR) 12.24% - 21.99%
(Verified 08/04/2023)
Balance Transfer APR  (Variable APR) 12.24% - 21.99%
(Verified 08/04/2023)
Credit Score Range 600 - 850
Annual Fee $0

Central Bank The Only Card Mastercard® Review

This is a rewards card issued by Central Bank. If you're wondering whether Central Bank The Only Card 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. Central Bank The Only Card Mastercard® has a variable purchase APR that ranges from 12.24% up to 21.99%.
  • 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.
  • 4% Balance transfer fee. Central Bank The Only Card Mastercard® charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 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 3% every time you make a transaction outside the U.S.
  • Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, access to a concierge, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Central Bank The Only Card 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 12.24% up to 21.99%.
  • No annual fee.
  • Multiple credit card perks.
  • Offers Auto Rental Collision Damage Waiver.
  • Access to a concierge.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • Considers applicants with fair credit.
  • Cardholders can earn rewards on purchases everywhere Central Bank The Only Card Mastercard® is accepted.
  • Central Bank The Only Card Mastercard® reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee

Central Bank The Only Card Mastercard® FAQ

Does Central Bank The Only Card Mastercard® have a cash back or rewards program?

Central Bank The Only Card Mastercard® is a rewards card.

Central Bank The Only Card Mastercard® Rewards
Minimum rewards rate 1x
Max rewards rate N/A
Annual rewards limit N/A

Does Central Bank The Only Card Mastercard® have a signup bonus?

This card doesn't offer a cash signup bonus.

Does Central Bank The Only Card Mastercard® offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the Central Bank The Only Card Mastercard® benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Zero fraud liability
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for Central Bank The Only Card 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.

Central Bank The Only Card Mastercard® has a variable purchase APR that ranges from 12.24% up to 21.99%. The card has a variable balance transfer APR that ranges from 12.24% up to 21.99%. It also has a variable cash advance APR of 24.99% .

Does Central Bank The Only Card Mastercard® have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Central Bank The Only Card Mastercard® have an intro APR offer on new purchases?

Central Bank The Only Card Mastercard® Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period 6 months

This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 6 months.

What are the fees for Central Bank The Only Card Mastercard®?

The following fees apply:

  • There is no overlimit fee
Central Bank The Only Card Mastercard® Fees
Description
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 4%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 3%
No Annual Fee?
Annual Fee $0
Minimum Interest Charge $1.50
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee Up to $35
Late Fee Amount 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 Central Bank The Only Card Mastercard® have a foreign transaction fee?

Central Bank The Only Card 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 foreign transaction fees.

What is the customer service phone number for Central Bank The Only Card Mastercard®?

The Central Bank The Only Card Mastercard® customer service number is (866) 236-8744.

What is the support contact email for Central Bank The Only Card Mastercard®?

The support contact email for Central Bank The Only Card Mastercard® is cbccustomerservice@centralbank.net.

What is the Central Bank The Only Card Mastercard® login page?

You can access the Central Bank The Only Card Mastercard® login page here.

How do people rate the customer service and user experience of Central Bank The Only Card Mastercard®?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

Does Central Bank The Only Card Mastercard® report your account activity to credit bureaus?

Yes, Central Bank The Only Card 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 Central Bank The Only Card Mastercard®

  • Visit the Central Bank The Only Card 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.

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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 8:30am - 4:30pm
  • Friday 8:30am - 4:30pm
  • Saturday Closed

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 4%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 3%
No Annual Fee
Annual Fee $0
Minimum Interest Charge $1.50
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee Up to $35
Late Fee Amount Up to $35
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
  • Concierge
Rewards Categories
  • Every Purchase
Cash Advance APR (Variable APR) 24.99%
APR Type Variable APR
Balance Computation “Average daily balance" (excluding new purchases).
Purchase APR (Variable APR) 12.24% - 21.99%
(Verified 08/04/2023)
Balance Transfer Fee % After Intro Period Starting at 4%
Balance Transfer APR (Variable APR) 12.24% - 21.99%
(Verified 08/04/2023)
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%
Card Type
  • Rewards
  • Zero Percent
Card Network Mastercard

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