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  First Bank and Trust of New Orleans Visa Platinum

First Bank and Trust of New Orleans Visa Platinum

in Personal Credit Cards from First Bank and Trust of New Orleans

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First Bank and Trust of New Orleans Visa Platinum

Unaffiliated

in Personal Credit Cards from First Bank and Trust of New Orleans

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Highlights
Purchase APR  (Variable APR) 11.9%
Balance Transfer APR  (Variable APR) 11.9%
Credit Score Range 640 - 840
Annual Fee $0

First Bank and Trust of New Orleans Visa Platinum Review

This is a rewards credit card issued by First Bank and Trust of New Orleans. If you're wondering whether First Bank and Trust of New Orleans Visa Platinum 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
  • Competitive APRs. First Bank and Trust of New Orleans Visa Platinum has a variable purchase APR of 11.9%
  • 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. First Bank and Trust of New Orleans Visa Platinum charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Accepts cosigners. First Bank and Trust of New Orleans is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
  • Fair or better credit required. You will have good approval oods if your credit score is above640.
Pros & Cons of First Bank and Trust of New Orleans Visa Platinum
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Free access to your credit score.
  • Cardholders can earn rewards on their purchases.
  • First Bank and Trust of New Orleans Visa Platinum reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.
First Bank and Trust of New Orleans Visa Platinum FAQ

Does First Bank and Trust of New Orleans Visa Platinum have a cash back or rewards program?

First Bank and Trust of New Orleans Visa Platinum is a travel rewards card.

First Bank and Trust of New Orleans Visa Platinum Rewards
Rewards rate (all purchases) N/A
Max rewards rate N/A
Annual rewards limit N/A

Does First Bank and Trust of New Orleans Visa Platinum have a signup bonus?

This card doesn't offer a cash signup bonus.

Does First Bank and Trust of New Orleans Visa Platinum offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the First Bank and Trust of New Orleans Visa Platinum benefits?

It provides the following benefits:

  • Free Credit Score
  • Emergency Support
  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for First Bank and Trust of New Orleans Visa Platinum?

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 11.9%. The card has a variable balance transfer APR of 11.9% . It also has a variable cash advance APR of 11.9% .

The good news is this card does not charge a penalty APR if you are late on a payment.

Does First Bank and Trust of New Orleans Visa Platinum have an intro APR offer on balance transfers?

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

Does First Bank and Trust of New Orleans Visa Platinum 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 First Bank and Trust of New Orleans Visa Platinum?

The following fees apply:

  • There is no overlimit fee
First Bank and Trust of New Orleans Visa Platinum Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee $32
Late Payment Fee $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 First Bank and Trust of New Orleans Visa Platinum have a foreign transaction fee?

First Bank and Trust of New Orleans Visa Platinum charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

Does First Bank and Trust of New Orleans Visa Platinum report your account activity to credit bureaus?

Yes, First Bank and Trust of New Orleans Visa Platinum 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 First Bank and Trust of New Orleans Visa Platinum

  • Visit the First Bank and Trust of New Orleans Visa Platinum 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 3 states
  • Florida
  • Louisiana
  • Mississippi

Feature Breakdown

No Annual Fee
Annual Fee $0
Minimum Interest Charge $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) 3%
Foreign Currency Transaction Fee 1%
Returned Payment Fee $32
Paper Statement Fee $3
Late Fee Amount $35
Customer Type Personal
Minimum Age 18
Co-signing Allowed
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
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 640 - 840
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Emergency Support
  • Fraud Liability
  • Free Credit Score
Rewards Categories
  • Entertainment
  • Retail
  • Travel
Cash Advance APR (Variable APR) 11.9%
Credit Limit Starting at $5,000
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 11.9%
Balance Transfer APR (Variable APR) 11.9%
Balance Transfer Fee % 3%
Card Type
  • Rewards
  • Balance Transfer
  • Travel
Card Network Visa

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