Old Second Visa Signature® Max Cash Preferred Card

Old Second Visa Signature® Max Cash Preferred Card Review

This is a cashback card issued by Old Second National Bank. If you're wondering whether old second credit cards 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 12 months, which is the average period for 0% APR balance transfer cards.
• Signup bonus. Offers a signup bonus of 15000 points that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 19.49% up to 29.49%.
• No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Old Second Visa Signature® Max Cash Preferred Card charges a fee of 3% on balance transfers. 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 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 690.

Pros & Cons of old second credit cards

The Good	The Bad
0% APR balance transfer intro rate on balance transfers for up to 12 months. No annual fee. Multiple credit card perks. Extended warranty on purchases. Identity Theft Protection. Travel accident and travel assistance insurance. Old Second Visa Signature® Max Cash Preferred Card reports to multiple credit bureaus.	Higher than average purchase APRs. You need good credit to qualify. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee

old second credit cards FAQ

Does old second credit cards have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

What are the old second credit cards benefits?

It provides the following benefits:

• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for old second credit cards?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Old Second Visa Signature® Max Cash Preferred Card has a variable purchase APR that ranges from 19.49% up to 29.49%. The card has a variable balance transfer APR that ranges from 19.49% up to 29.49%. It also has a variable cash advance APR of 29.99% .

What are the fees for old second credit cards?

The following fees apply:

Old Second Visa Signature® Max Cash Preferred Card Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	5%
Foreign Currency Transaction Fee	3%
No Annual Fee?
No Foreign Transaction Fee?
Annual Fee	$0
Minimum Interest Charge	$1
No Interest Grace Period for Late Payment	24 days
Returned Payment Fee	Up to $41
Late Fee Amount	Up to $41

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

Does Old Second Visa Signature® Max Cash Preferred Card report your account activity to credit bureaus?

Yes, Old Second Visa Signature® Max Cash Preferred 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 old second credit cards

• Visit the old second credit cards 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.