People's Bank of Commerce Platinum Preferred MasterCard

People's Bank of Commerce Platinum Preferred MasterCard Review

This is a rewards card issued by People's Bank of Commerce. If you're wondering whether People's Bank of Commerce Platinum Preferred MasterCard 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.
• Competitive APRs. People's Bank of Commerce Platinum Preferred MasterCard has a variable purchase APR that ranges from 12.49% up to 21.49%.
• 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.
• 4% Balance transfer fee. People's Bank of Commerce Platinum Preferred 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 odds if your credit score is above 650.

Pros & Cons of People's Bank of Commerce Platinum Preferred MasterCard

People's Bank of Commerce Platinum Preferred MasterCard FAQ

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

People's Bank of Commerce Platinum Preferred MasterCard is a rewards card.

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

People's Bank of Commerce Platinum Preferred MasterCard has a variable purchase APR that ranges from 12.49% up to 21.49%. The card has a variable balance transfer APR that ranges from 12.49% up to 21.49%. It also has a variable cash advance APR that ranges from 17.49% up to 25.49%. Note that late payments are subject to an APR of 27.49% 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 People's Bank of Commerce Platinum Preferred MasterCard?

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.

Does People's Bank of Commerce Platinum Preferred MasterCard report your account activity to credit bureaus?

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

• Visit the People's Bank of Commerce Platinum Preferred 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.