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  City Bank Low Rate Platinum Card

City Bank Low Rate Platinum Card

in Personal Credit Cards from City Bank

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City Bank Low Rate Platinum Card

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in Personal Credit Cards from City Bank

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Highlights
Purchase APR  (Variable APR) 6.24%
Balance Transfer APR  (Variable APR) 6.24%
Credit Score Range 600 - 850
Annual Fee $99

City Bank Low Rate Platinum Card Review

This 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 review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • 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 odds if your credit score is above 600.
Pros & Cons of City Bank Low Rate Platinum Card
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.
City Bank Low Rate Platinum Card FAQ

Does City Bank Low Rate Platinum Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the City Bank Low Rate Platinum Card benefits?

It 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 regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It 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% .

Does City Bank Low Rate Platinum Card have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 6 months.

City Bank Low Rate Platinum Card Balance Transfers
Description
Balance Transfer Fee % After Intro Period 1%
Balance Transfer Fee Intro Period 180 days
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period 6 months
Balance Transfer APR 6.24%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 0%

Does City Bank Low Rate Platinum Card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

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

The following fees apply:

  • 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 have a foreign transaction fee?

City Bank Low Rate Platinum Card charges a foreign transaction fee of 1.5%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $30. 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 City Bank Low Rate Platinum Card?

The City Bank Low Rate Platinum Card customer service number is (806) 792-7101.

What is the support contact email for City Bank Low Rate Platinum Card?

The support contact email for City Bank Low Rate Platinum Card is support@citybanktexas.com.

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.

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.

Availability

  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

Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Late Fee Amount $0
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 4%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 1.5%
Annual Fee $99
Minimum Interest Charge $1
Returned Payment Fee Up to $35
Paper Statement Fee $5
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
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 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Fraud Liability
  • Identity Theft Protection
  • Price Protection
Rewards Type No Rewards
Cash Advance APR (Variable APR) 23.99%
Balance Computation Average daily balance (including new purchases)
Purchase APR (Variable APR) 6.24%
Balance Transfer Fee % After Intro Period 1%
Balance Transfer Fee Intro Period 180 days
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer APR (Variable APR) 6.24%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 0%
Card Type
  • Balance Transfer
  • Low Interest
Card Network Visa

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