Solid offers from credit cards are hard to come by. But that’s what the Iberia Gold Visa credit card is all about. At first glance, this card may not offer so much. But a second look at it tells us otherwise.
What It Offers
The Iberia Gold Visa offers 1% cash back bonus on every qualifying purchase. Although this may seem less generous than other credit offers, it is still a great way for you to enjoy spending on some items that come for free or on a discount. Significantly, it helps you save a lot more money than you could imagine. The more you spend, the more points you accumulate.
Another feature of this card is its zero annual rate. Because some credit cards are so expensive to maintain, the Iberia Gold is put in a place of its own. However, transaction fees and penalties are placed whenever possible.
Lastly, this card offers a really low APR on purchases. With just a lowest APR of 9.25%, given that you’ve had a very good credit history, you’ll be enjoying a significant amount of cut-off in your monthly expenses. For those with average credit, the APR is at 12.25%, whereas those with really bad credit have an APR of 15.25%. Despite the variable APRs, these figures still place lower than the national average, letting you enjoy the knowledge that you’re paying less than the majority.
Balance transfers have a special introductory offer of 1.99%. This can last for up to six billing periods. After this period, your APR for balance transfers will be the same as that for purchases. Again, this will vary on your credit worthiness.
Cash advances have a variable APR of 14.75%, 18.25%, and 21.25%. The interest you pay for will vary on the Prime rate in the money market.
You will be expected to cover all fees and interests 25 days upon the statement of account is delivered. Late payments will be penalized and you will be required to pay a variable amount not exceeding $35. The same amount goes for returned payments.
Additional cards will be given to you upon payment of $5 per card.
The requirements for credit opening are simple. You only have to be currently employed with your employer for a minimum period of 6 months, and you must procure necessary documents in clear and valid form.
Special offers? None. But credible, solid services – these are the backbones of Iberia Gold Visa Card.
