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Platinum Plus® MasterCard® Credit Card - 199 for 10 Review
Issued by
  
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Overall Rating:
Benefit Rating:
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The Platinum Plus® MasterCard® Credit Card - 1.99 for 10, issued by MBNA Canada, is available to Canadian residents and provides cardholders with fixed interest rates and common platinum cardholder services.
There is no annual fee for this credit card program and cardholders will benefit from the low introductory AIR for the first six months on balance transfers and cheque cash advances. Some applicants may even qualify for credit limits upwards of $100,000.
The average interest rate (AIR) is fixed for purchases, balance transfers, and cash advances. There is no annual fee. The low introductory rate is available for six months, and applies to balance transfers and cash advance cheques.
Cardholders can also take advantage of the platinum benefits that come with the card, which include fraud protection, emergency card replacement, 24-hour customer service, online account access, and access to thousands of ABMs worldwide.
Those who do not qualify for the platinum card may be considered for the preferred card, which varies in terms of benefits and credit limits.
There is no annual fee for this credit card program and cardholders will benefit from the low introductory AIR for the first six months on balance transfers and cheque cash advances. Some applicants may even qualify for credit limits upwards of $100,000.
The average interest rate (AIR) is fixed for purchases, balance transfers, and cash advances. There is no annual fee. The low introductory rate is available for six months, and applies to balance transfers and cash advance cheques.
Cardholders can also take advantage of the platinum benefits that come with the card, which include fraud protection, emergency card replacement, 24-hour customer service, online account access, and access to thousands of ABMs worldwide.
Those who do not qualify for the platinum card may be considered for the preferred card, which varies in terms of benefits and credit limits.
Review Date: October 27, 2008
Note: The review on this card was updated on October 27, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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1.99% AIR for 10 Billing Cycles |
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Intro Applied Towards:
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Balance Transfers |
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Additional Intro Details:
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The introductory rate is also available for cheque cash advances. |
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Purchase APR:
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17.99% (Fixed) |
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Cash APR:
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19.99% (Fixed) |
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Finance Configuration:
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n/app |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Grace Period:
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21 Days |
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Over the Limit Fee:
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$35 |
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Cash Advance Fee:
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Greater of $7.50 or 1% |
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Balance Transfer Fee:
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1% |
| Features | |
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Most Attractive Feature(s):
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| Low introductory rate; no annual fee | |
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Least Attractive Feature(s):
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| No rewards program | |
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Additional Features:
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| Various online account related services. Emergency card replacement. 24-hour customer service. See website for additional benefits. |
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Important Notations
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| *After 1 year of inactivity with a credit balance, the fee will be the lesser of $5 or the credit balance; after 2 years the fee will be the lesser of $15 or the credit balance; after 5 years the fee will be the lesser of $25 or the credit balance; and after 9 years the fee will be the lesser of $30 or the credit balance. See website for complete terms and conditions of card usage and application disclosure. |
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