Popular Bank Preferred World Mastercard® Review

Popular Bank Preferred World Mastercard® is a rewards credit card issued by Banco Popular de Puerto Rico. If you're wondering whether Popular Bank Preferred World 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 Preferred World Mastercard® has a variable purchase APR that ranges from 13.24% up to 26.24%.
• 2% Balance transfer fee. Popular Bank Preferred World Mastercard® charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $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. Access to a concierge. Identity Theft Protection. Cardholders can earn rewards on their purchases. Popular Bank Preferred World Mastercard® reports to multiple credit bureaus.	Charges an annual fee of $95 Does not offer a signup bonus. 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 Preferred World Mastercard® cash back or rewards program?

Popular Bank Preferred World Mastercard® offers a rewards program to its customers.

Popular Bank Preferred World Mastercard® Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A

What are the Popular Bank Preferred World Mastercard® benefits?

Popular Bank Preferred World Mastercard® provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Popular Bank Preferred World 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 Preferred World Mastercard® has lower than average purchase APRs.

Popular Bank Preferred World 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 Preferred World Mastercard®?

The following fees apply to Popular Bank Preferred World Mastercard®:

Popular Bank Preferred World Mastercard® Fees

Fees	Amount
Annual Fee	$95
Foreign Transaction Fee	1.4%
Returned Payment Fee	up to $10
Late Payment Fee	up to $38

Does Popular Bank Preferred World Mastercard® report your account activity to credit bureaus?

Yes, Popular Bank Preferred World 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 Preferred World Mastercard®

• Visit the Popular Bank Preferred World 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.