Platinum Visa

This is a credit card intended for customers who have a good credit rating and the means to support a larger credit limit. The card boats free travel services that include Worldwide Travel insurance and Auto Rental insurance; services that can be invaluable when things go unexpectedly wrong. There are no annual fees on this credit card, however there are other standard related fees that you must become familiar with before using the account: late fees, overlimit spending fees, cash advance fees and APR and balance transfer fees.

Late fees are calculated according to the amount you owe: for anything up to $100 the fee is $15; for anything between $100 and $250 you will be charged $29, and anything more than that will cost you $39. If you spend more than you have been allocated in credit you will be charged a flat fee of $39. Cash advances on this card are more expensive than most because of the minimum payment of $10; technically each cash advance will cost you 3% of the amount taken out. Cash advances are charged APR at 20.99%.

If you spend in a foreign currency, the conversion fee is 3% of the amount once it has been converted to American dollars. If you wish to make a balance transfer from one or more of your existing credit card accounts to this one, there is a 3% transfer fee for each transaction. There is a minimum payment of $5 and a maximum payment of $75. After a twelve month no-APR grace period on balance transfers, the balance is subject to standard purchase APR. The standard purchase APR for this credit card is dependent on your credit history. You may be offered a rate of 10.99%, 14.99% or 19.99% variable, however if you fail to make payments on time each month this introductory offer will shoot up to the default APR of up to 28.99% variable. You will also stand to lose the introductory twenty day no-purchase-APR grace period. The greatest features of this credit card are its large credit limit possibilities and its free travel services.

While away from home you will be protected by a card that does not even claim to be a travel rewards card; this is a clever and unique feature that can do nothing but good. No annual fees make this card even better.