M&T Bank Visa Credit Card Review

This is a credit card issued by M&T Bank. If you're wondering whether M&T Bank Visa Credit 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.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
• Competitive APRs. M&T Bank Visa Credit Card has a variable purchase APR that ranges from 10.24% up to 17.24%.
• 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.
• 4% Balance transfer fee. M&T Bank Visa Credit Card charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 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 will have good approval odds if your credit score is above 650.

The Good	The Bad
Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers . 0% APR on new purchases . No annual fee. M&T Bank Visa Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Charges a 4% balance transfer fee. Does not include many credit card benefits.

Does M&T Bank Visa Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the M&T Bank Visa Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for M&T Bank Visa Credit 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 that ranges from 10.24% up to 17.24%. The card has a variable balance transfer APR that ranges from 10.24% up to 17.24%. It also has a variable cash advance APR starting at 22.24% . Note that late payments are subject to an APR of 24.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for M&T Bank Visa Credit Card?

The following fees apply:

• An overlimit fee of $15.

M&T Bank Visa Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$15
Foreign Transaction Fee	3%
Returned Payment Fee	up to $25
Late Payment Fee	$25 - $35

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

Does M&T Bank Visa Credit Card report your account activity to credit bureaus?

Yes, M&T Bank Visa Credit 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 M&T Bank Visa Credit Card

• Visit the M&T Bank Visa Credit 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.