Popular Bank Platinum MasterCard Review

Popular Bank Platinum MasterCard is a credit card issued by Banco Popular de Puerto Rico. If you're wondering whether Popular Bank Platinum MasterCard is the right card for you, read on. This is everything you need to know to make a good choice.

• 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.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Popular Bank Platinum MasterCard has a variable purchase APR that ranges from 13.24% up to 26.24%.
• 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.
• 2% Balance transfer fee. Popular Bank Platinum MasterCard charges a fee of up to 2% on balance transfers. For example, a balance of $1,000 could cost up to $20 in transfer fees. The minimum fee is $2.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.4% every time you make a transaction outside the U.S.

The Good	The Bad
Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. No annual fee. Identity Theft Protection. Popular Bank Platinum 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 1.4%. You don't earn rewards on every purchase. Charges a 2% balance transfer fee.

Is there a Popular Bank Platinum MasterCard cash back or rewards program?

No, Popular Bank Platinum MasterCard does not offer a rewards program.

What are the Popular Bank Platinum MasterCard benefits?

Popular Bank Platinum MasterCard provides the following benefits:

• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Popular Bank Platinum MasterCard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Popular Bank Platinum MasterCard has lower than average purchase APRs.

Popular Bank Platinum MasterCard has a variable purchase APR that ranges from 13.24% up to 26.24%. The card has a variable balance transfer APR that ranges from 13.24% up to 26.24%. It also has a variable cash advance APR that ranges from 24.24% up to 28.24%. Note that late payments are subject to an APR of 29.99% 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 Popular Bank Platinum MasterCard?

The following fees apply to Popular Bank Platinum MasterCard:

Popular Bank Platinum MasterCard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	1.4%
Returned Payment Fee	up to $10
Late Payment Fee	up to $38

Does Popular Bank Platinum MasterCard report your account activity to credit bureaus?

Yes, Popular Bank Platinum 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 Popular Bank Platinum MasterCard

• Visit the Popular Bank Platinum 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.