First Credit

Iberiabank Visa Gold Card Review

Iberiabank offers a range of four Visa cards to customers, of which the Iberiabank Visa Gold sadly doesn’t have an introductory APR on purchases, however, the issuer offers an introductory APR of 1.99% for a 6 months’ billing cycle for balance transfers, after which the agreed upon APR applies.

Purchase APR Applicable

Depending on a customer’s financial status, the rate is either 9.25%, 12.25% or 15.25%.

Balance Transfer APR

After the initial introductory period mentioned above, the APR for balance transfers rises to either 9.25%, 12.25% or 15.25%, depending on the bank’s assessment of the customer’s financial status. The payable balance transfer fee is 2% of the transfer amount.

Cash Advance APR

The Iberiabank Visa Gold Card attracts an APR of 14.75%, 18.25% or 21.25% for cash advances. The cash advance fee is 5%, with the minimum fee being $5 and the maximum fee chargeable being $100.

Foreign Transactions

Unlike some of its competitors, Iberiabank still charges a fee for foreign transactions. This is 2% of the transfer amount.

Other Fees

The Iberiabank Visa Gold Card doesn’t charge an annual fee to customers, but late payment fees are $35.

Rewards

The Iberiabank Visa Gold Card comes not only with a 1% cash back offer for each dollar spent on qualifying purchases, it also offers a range of rewards on things like travel accident insurance, roadside dispatch and travel emergency services, car rental collision damage waiver and free online access to a customer’s account.

Depending on a customer’s creditworthiness, there are, as outlined above, the three very different APR charges applicable to the Iberiabank Visa Gold Card. It is always advisable before applying for a new credit card to take out a credit report on one self. There are numerous online ways of doing so and it is very cheap, quick and easy.

Using a credit report to determine your own creditworthiness doesn’t just avoid being disappointed, when applying and being turned down – it gives you an opportunity to correct any mistakes or take action to improve your credit rating, so that you can apply for an Iberiabank Visa Gold Card with the best terms in a few months’ time.

Ways of how to improve your credit rating are to pay your bills on time, not just credit card bills but also utility bills like electricity or water. This may be difficult in the current economic climate, but it pays off in the long run, since you will be able to get much better credit terms, when applying for credit cards like the Iberiabank Visa Gold Card or loans to purchase a larger item.

Iberiabank’s website has a “calculator” that allows customers to look up the approximate APR borrowers might be expected to pay, when applying for a loan. In order to find out, how much one might be charged inclusive of all applicable fees – which are not included in the stated APR in the more general terms listed with the credit card – one can use the calculator facility. See also IberiaBank's, Visa Classic, Visa Platinum, and Visa Select cards.