Teamster Privilege Rate Advantage Credit Card

Teamster Privilege Rate Advantage Credit Card Review

This is a card issued by Capital One. If you're wondering whether Teamster Privilege Rate Advantage Credit Card 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 15 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Competitive APRs. Teamster Privilege Rate Advantage Credit Card has a variable purchase APR that ranges from 13.9% up to 23.9%.
• 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. Teamster Privilege Rate Advantage Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Teamster Privilege Rate Advantage Credit Card

The Good	The Bad
Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 15 months. 0% APR on new purchases during the first 15 months. There is then a variable purchase APR that ranges from 13.9% up to 23.9%. No annual fee. Identity Theft Protection. Teamster Privilege Rate Advantage Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Charges a 3% balance transfer fee

Teamster Privilege Rate Advantage Credit Card FAQ

Does Teamster Privilege Rate Advantage Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Teamster Privilege Rate Advantage Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Teamster Privilege Rate Advantage Credit 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. This card has lower than average regular APRs.

Teamster Privilege Rate Advantage Credit Card has a variable purchase APR that ranges from 13.9% up to 23.9%. The card has a variable balance transfer APR that ranges from 13.9% up to 23.9%. It also has a variable cash advance APR of 26.99% .

What are the fees for Teamster Privilege Rate Advantage Credit Card?

The following fees apply:

Teamster Privilege Rate Advantage Credit Card Fees

Description
Cash Advance Fee (%)	Up to 4%
Minimum Cash Advance Fee ($)	Starting at $10
No Annual Fee?
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days
Late Fee Amount	Up to $38

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Teamster Privilege Rate Advantage Credit Card report your account activity to credit bureaus?

Yes, Teamster Privilege Rate Advantage Credit Card 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 Teamster Privilege Rate Advantage Credit Card

• Visit the Teamster Privilege Rate Advantage Credit 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.