City Bank Low Rate Platinum Card Review

City Bank Low Rate Platinum Card is a credit card issued by City Bank. If you're wondering whether City Bank Low Rate Platinum Card is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
• Competitive APRs. City Bank Low Rate Platinum Card has a variable purchase APR of 6.24%
• $0 Balance transfer fee. This card does not charge a fee on balance transfers, if you transfer the balance within 180 days of opening the account. After the introductory period, the fee is 1%.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.5% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, extended warranty protection on purchases, identity theft protection, price protection, and fraud protection.
• Fair or better credit required. You will have good approval oods if your credit score is above600.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 6 months. No balance transfer fee, if you transfer the balance within 180 days. After the intro period, the fee is 1% with a minimum of $10. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty and price protection on purchases. Identity Theft Protection. Considers applicants with fair or poor credit. City Bank Low Rate Platinum Card reports to multiple credit bureaus.

Charges an annual fee of $99 Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 1.5%. You don't earn rewards on every purchase.

Is there a City Bank Low Rate Platinum Card cash back or rewards program?

No, City Bank Low Rate Platinum Card does not offer a rewards program.

What are the City Bank Low Rate Platinum Card benefits?

City Bank Low Rate Platinum Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Price Protection
• Reports to major credit bureaus

What are the relevant APRs for City Bank Low Rate Platinum Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. City Bank Low Rate Platinum Card has lower than average purchase APRs.

City Bank Low Rate Platinum Card has a variable purchase APR of 6.24%. The card has a variable balance transfer APR of 6.24% . It also has a variable cash advance APR of 23.99% .

What are the fees for City Bank Low Rate Platinum Card?

The following fees apply to City Bank Low Rate Platinum Card:

• There is no overlimit fee

City Bank Low Rate Platinum Card Fees

Fees	Amount
Annual Fee	$99
Overlimit Fee	$0
Foreign Transaction Fee	1.5%
Returned Payment Fee	up to $35
Late Payment Fee	$0

Does City Bank Low Rate Platinum Card report your account activity to credit bureaus?

Yes, City Bank Low Rate Platinum Card 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 City Bank Low Rate Platinum Card

• Visit the City Bank Low Rate 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.