Flagstar Bank Visa Signature® Everyday Rewards+ Card

Flagstar Bank Visa Signature® Everyday Rewards+ Card Review

This is a rewards card issued by Flagstar Bank. If you're wondering whether Flagstar Bank Visa Signature® Everyday Rewards+ Card is the right card for you, read on.

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.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• $200 bonus (20,000 points) after $1,000 in eligible net purchases are made within the first 120 days of account opening.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 27.49%.
• 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. Flagstar Bank Visa Signature® Everyday Rewards+ Card charges a fee of 3% on balance transfers, if you transfer the balance within 186 days of opening the account. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of Flagstar Bank Visa Signature® Everyday Rewards+ Card

Flagstar Bank Visa Signature® Everyday Rewards+ Card FAQ

Does Flagstar Bank Visa Signature® Everyday Rewards+ Card have a cash back or rewards program?

Flagstar Bank Visa Signature® Everyday Rewards+ Card is a rewards card.

What are the Flagstar Bank Visa Signature® Everyday Rewards+ Card benefits?

It provides the following benefits:

• Zero fraud liability

What are the relevant APRs for Flagstar Bank Visa Signature® Everyday Rewards+ Card?

Flagstar Bank Visa Signature® Everyday Rewards+ Card has a variable purchase APR that ranges from 17.49% up to 27.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 27.49%. It also has a variable cash advance APR of 28.99% .

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

What are the fees for Flagstar Bank Visa Signature® Everyday Rewards+ Card?

The following fees apply:

• There is no overlimit fee

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

How to apply for Flagstar Bank Visa Signature® Everyday Rewards+ Card

• Visit the Flagstar Bank Visa Signature® Everyday Rewards+ 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.