The Comerica Visa Platinum card is designed for people with fair to good credit who want to build their credit with a no-frills card that has no annual fee but still provides reasonable rates and some travel and shopping benefits. It is also an option for people with a balance on a card with high rates.
The rates range from 10.24% APR to 21.24% APR depending on customers' creditworthiness, which is competitive for a no-annual-fee card with low credit eligibility requirements. It also includes a 12-month 0% APR on balance transfers and purchases made within the first 365 days of opening an account. The cash advance rate as is 24.24% APR, which is not great, but there is no penalty rate to worry about if you're late on a payment.
The Comerica Visa Platinum credit card has no annual fee and no over limit fee. It does have a 3% ($5 minimum) balance transfer fee, a 4% ($10 minimum cash advance fee) a 2% foreign transaction fee (3% if the purchase is in a currency other than dollars), a $38 fee on late payments and a $35 on returned payments.
The Comerica Visa Platinum doesn't have a rewards program. You will need to apply for Comerica's Cash Rewards or Travel Rewards cards to receive a rewards program.
This flavor of Comerica Visa card doesn't have a signup bonus. The focus is on providing useful benefits with low rates and no-annual fee.
Comerica's Visa Platinum Card comes with auto-rental collision damage waiver, theft coverage, travel assistance, extended warranty on items purchased with the card, and you also have the option of linking the card to a Comerica checking account and setup overdraft protection.
Comerica's Traditional Visa Platinum is certainly nothing to get excited about. As credit cards go it's pretty boring: no rewards program and no signup bonus. However, it manages to include useful benefits like car rental insurance, extended warranty on purchases and travel assistance without charging an annual fee and still keeps the rates at sane levels. To top it off it includes a 12-month 0% APR intro rate on purchases and balance transfers made during the first year. A lot of cards offer this, but most require you to transfer the balances within the first month. This card gives you an entire year to enjoy the 0% APR introductory rate.
|Comerica Bank - Visa Platinum Card||
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