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  People's Bank of Commerce Platinum Classic MasterCard

People's Bank of Commerce Platinum Classic MasterCard

in Personal Credit Cards from People's Bank of Commerce

Unaffiliated

People's Bank of Commerce Platinum Classic MasterCard

Unaffiliated

in Personal Credit Cards from People's Bank of Commerce

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Highlights
Purchase APR  (Variable APR) 10.99% - 21.99%
Balance Transfer APR  (Variable APR) 10.99% - 21.99%
Credit Score Range 600 - 850
Annual Fee $0

People's Bank of Commerce Platinum Classic MasterCard Review

This is a credit card issued by People's Bank of Commerce. If you're wondering whether People's Bank of Commerce Platinum Classic MasterCard 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. People's Bank of Commerce Platinum Classic MasterCard has a variable purchase APR that ranges from 10.99% up to 21.99%.
  • 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. People's Bank of Commerce Platinum Classic MasterCard 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 oods if your credit score is above600.
Pros & Cons of People's Bank of Commerce Platinum Classic MasterCard
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 4.99%.
  • No annual fee.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • People's Bank of Commerce Platinum Classic MasterCard 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.
People's Bank of Commerce Platinum Classic MasterCard FAQ

Does People's Bank of Commerce Platinum Classic MasterCard have a cash back or rewards program?

No, it does not offer a rewards program.

What are the People's Bank of Commerce Platinum Classic MasterCard benefits?

It provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for People's Bank of Commerce Platinum Classic MasterCard?

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 10.99% up to 21.99%. The card has a variable balance transfer APR that ranges from 10.99% up to 21.99%. It also has a variable cash advance APR that ranges from 15.99% up to 24.99%. Note that late payments are subject to an APR of 25.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does People's Bank of Commerce Platinum Classic MasterCard have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 4.99%

People's Bank of Commerce Platinum Classic MasterCard Balance Transfers
Description
Balance Transfer Introductory APR 4.99%
Balance Transfer APR 10.99% - 21.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%

Does People's Bank of Commerce Platinum Classic MasterCard 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 People's Bank of Commerce Platinum Classic MasterCard?

The following fees apply:

  • There is no overlimit fee
People's Bank of Commerce Platinum Classic MasterCard Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 3%
Late Payment Fee up to $35

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

Does People's Bank of Commerce Platinum Classic MasterCard have a foreign transaction fee?

People's Bank of Commerce Platinum Classic MasterCard charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. 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 People's Bank of Commerce Platinum Classic MasterCard report your account activity to credit bureaus?

Yes, People's Bank of Commerce Platinum Classic MasterCard 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 People's Bank of Commerce Platinum Classic MasterCard

  • Visit the People's Bank of Commerce Platinum Classic MasterCard 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.

Contact

  • Headquarters
  •   1528 Biddle Road
    Medford, OR 97504
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

Other Services by People's Bank of Commerce

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Availability

  Available in 1 state
Oregon
Availabile in all of Oregon

Feature Breakdown

No Annual Fee
Annual Fee $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 5%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 3%
Minimum Interest Charge $1
Returned Payment Fee Starting at $25
Late Fee Amount Up to $35
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
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 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
  • Identity Theft Protection
Rewards Type No Rewards
Cash Advance APR (Variable APR) 15.99% - 24.99%
Penalty APR (Variable APR) 25.99%
Purchase APR (Variable APR) 10.99% - 21.99%
Balance Transfer Introductory APR (Variable APR) 4.99%
Balance Transfer APR (Variable APR) 10.99% - 21.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%
Card Type
  • Low Interest
Card Network Mastercard

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