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  Popular Bank Rewards MasterCard

Popular Bank Rewards MasterCard

in Personal Credit Cards from Banco Popular de Puerto Rico

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Popular Bank Rewards MasterCard

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in Personal Credit Cards from Banco Popular de Puerto Rico

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Highlights
Purchase APR  (Variable APR) 13.24% - 26.24%
Balance Transfer APR  (Variable APR) 13.24% - 26.24%
Credit Score Range N/A
Annual Fee $25

Popular Bank Rewards MasterCard Review

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

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.
  • 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 Rewards MasterCard has a variable purchase APR that ranges from 13.24% up to 26.24%.
  • 2% Balance transfer fee. Popular Bank Rewards 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.
Popular Bank Rewards MasterCard Pros & Cons
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.
  • Identity Theft Protection.
  • Cardholders can earn rewards on purchases everywhere Popular Bank Rewards MasterCard is accepted.
  • Popular Bank Rewards MasterCard reports to multiple credit bureaus.
  • Charges an annual fee of $25
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1.4%.
  • Charges a 2% balance transfer fee.
Popular Bank Rewards MasterCard FAQ

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

Popular Bank Rewards MasterCard offers a rewards program to its customers.

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

Does Popular Bank Rewards MasterCard have a signup bonus?

Popular Bank Rewards MasterCard doesn't offer a cash signup bonus.

Does Popular Bank Rewards MasterCard offer an annual loyalty bonus?

Popular Bank Rewards MasterCard doesn't offer a cash loyalty bonus.

What are the Popular Bank Rewards MasterCard benefits?

Popular Bank Rewards MasterCard provides the following benefits:

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

What are the relevant APRs for Popular Bank Rewards 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 Rewards MasterCard has lower than average purchase APRs.

Popular Bank Rewards 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.

Does Popular Bank Rewards MasterCard have an introductory APR offer on balance transfers?

Yes, Popular Bank Rewards MasterCard offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.

Popular Bank Rewards MasterCard Balance Transfers
Description
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 13.24% - 26.24%
Balance Transfer Fee Minimum $2
Balance Transfer Fee % 2%

Does Popular Bank Rewards MasterCard have an introductory APR offer on new purchases?

Popular Bank Rewards MasterCard Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period 12 months

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.

What are the fees for Popular Bank Rewards MasterCard?

The following fees apply to Popular Bank Rewards MasterCard:

Popular Bank Rewards MasterCard Fees
Fees Amount
Annual Fee $25
Foreign Transaction Fee 1.4%
Returned Payment Fee up to $10
Late Payment Fee up to $38

Does Popular Bank Rewards MasterCard have a foreign transaction fee?

Popular Bank Rewards MasterCard charges a foreign transaction fee of 1.4%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $28. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

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

Yes, Popular Bank Rewards 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 Rewards MasterCard

  • Visit the Popular Bank Rewards 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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 12 months
No Interest Grace Period for Late Payment 25 days
Additional Card Fee Amount $0
Cash Advance Fee Minimum $2
Cash Advance Fee (%) Starting at 2%
Minimum Cash Advance Fee ($) Starting at $2
Foreign Currency Transaction Fee 1.4%
Annual Fee $25
Returned Payment Fee Up to $10
Late Fee Amount Up to $38
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 Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Emergency Support
  • Fraud Liability
  • Identity Theft Protection
No Reward Expiration Period
Rewards Categories
  • Every Purchase
Cash Advance APR (Variable APR) 24.24% - 28.24%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 13.24% - 26.24%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 13.24% - 26.24%
Balance Transfer Fee Minimum $2
Balance Transfer Fee % 2%
Card Type
  • Rewards
Card Network Mastercard

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