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  People's United Bank Mastercard® Platinum Card

People's United Bank Mastercard® Platinum Card

in Personal Credit Cards from People's United Bank

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People's United Bank Mastercard® Platinum Card

Unaffiliated

in Personal Credit Cards from People's United Bank

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Highlights
Purchase APR  (Variable APR) 13.49% - 23.49%
Balance Transfer APR  (Variable APR) 13.49% - 23.49%
Credit Score Range N/A
Annual Fee $0

People's United Bank Mastercard® Platinum Card Review

This is a credit card issued by People's United Bank. If you're wondering whether People's United Bank Mastercard® Platinum 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.

Key Takeaways
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 20 months.
  • Competitive APRs. People's United Bank Mastercard® Platinum Card has a variable purchase APR that ranges from 13.49% up to 23.49%.
  • 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. People's United Bank Mastercard® Platinum 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 rental insurance, access to a concierge, extended warranty protection on purchases, travel assistance, and fraud protection.
Pros & Cons of People's United Bank Mastercard® Platinum Card
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR on new purchases during the first 20 months.
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Extended warranty on purchases.
  • Travel assistance insurance
  • 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.
  • Does not report to credit bureaus.
  • Charges a 3% balance transfer fee.
People's United Bank Mastercard® Platinum Card FAQ

Does People's United Bank Mastercard® Platinum Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the People's United Bank Mastercard® Platinum Card benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Zero fraud liability
  • Travel Assistance

What are the relevant APRs for People's United Bank Mastercard® Platinum 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 13.49% up to 23.49%. The card has a variable balance transfer APR that ranges from 13.49% up to 23.49%. It also has a variable cash advance APR of 23.99% .

Does People's United Bank Mastercard® Platinum Card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does People's United Bank Mastercard® Platinum Card have an intro APR offer on new purchases?

People's United Bank Mastercard® Platinum Card Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period 20 months

This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 20 months.

What are the fees for People's United Bank Mastercard® Platinum Card?

The following fees apply:

People's United Bank Mastercard® Platinum Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Returned Payment Fee up to $35
Late Payment Fee up to $40

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 United Bank Mastercard® Platinum Card have a foreign transaction fee?

People's United Bank Mastercard® Platinum Card 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.

How to apply for People's United Bank Mastercard® Platinum Card

  • Visit the People's United Bank Mastercard® Platinum 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.

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
  •   850 Main Street
    Bridgeport, CT 6604
  •   Visit Site

Hours of Operation

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

Other Services by People's United Bank

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Availability

  Available in 6 states
  • Connecticut
  • Maine
  • Massachusetts
  • New Hampshire
  • New York
  • Vermont

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 20 months
No Annual Fee
Annual Fee $0
Additional Card Fee Amount $0
Cash Advance Fee Minimum $10
Cash Advance Fee (%) 4%
Minimum Cash Advance Fee ($) $10
Foreign Currency Transaction Fee 3%
Returned Payment Fee Up to $35
Late Fee Amount Up to $40
Customer Type Personal
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Concierge
  • Extended Warranty Protection
  • Fraud Liability
  • Travel Assistance
Rewards Type No Rewards
Cash Advance APR (Variable APR) 23.99%
Purchase APR (Variable APR) 13.49% - 23.49%
Balance Transfer APR (Variable APR) 13.49% - 23.49%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%
Card Type
  • Balance Transfer
Card Network Mastercard

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