Gate City Bank Platinum Edition® Card Review

Gate City Bank Platinum Edition® Card is a credit card issued by Gate City Bank. If you're wondering whether Gate City Bank Platinum Edition® 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 15 months, which is longer than the average 0% APR period of 12 months.
• Signup bonus. Offers a signup bonus of $25.
• Competitive APRs. Gate City Bank Platinum Edition® Card has a variable purchase APR that ranges from 14.24% up to 23.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Gate City Bank Platinum Edition® Card charges a fee of up to 3% on balance transfers, if you transfer the balance within 450 days of opening the account. After the introductory period, the fee is 5%. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.

The Good	The Bad
Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 15 months. No annual fee. Considers applicants with fair or poor credit. Gate City Bank Platinum Edition® Card reports to multiple credit bureaus.	Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee, if you transfer the balance within 450 days of opening the account. After the introductory period, the fee is 5% of the balance transferred or $10, whichever is greater. Does not include many credit card benefits.

Is there a Gate City Bank Platinum Edition® Card cash back or rewards program?

No, Gate City Bank Platinum Edition® Card does not offer a rewards program.

What are the Gate City Bank Platinum Edition® Card benefits?

Gate City Bank Platinum Edition® Card provides the following benefits:

• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Gate City Bank Platinum Edition® 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. Gate City Bank Platinum Edition® Card has lower than average purchase APRs.

Gate City Bank Platinum Edition® Card has a variable purchase APR that ranges from 14.24% up to 23.24%. The card has a variable balance transfer APR that ranges from 14.24% up to 23.24%. It also has a variable cash advance APR of 25.24% .

What are the fees for Gate City Bank Platinum Edition® Card?

The following fees apply to Gate City Bank Platinum Edition® Card:

Gate City Bank Platinum Edition® Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $35
Late Payment Fee	up to $40

Does Gate City Bank Platinum Edition® Card report your account activity to credit bureaus?

Yes, Gate City Bank Platinum Edition® 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 Gate City Bank Platinum Edition® Card

• Visit the Gate City Bank Platinum Edition® 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.