Do you like to manage your credit card account online, have an excellent credit history, and want a credit card with a lower-than-average APR? In that case, the Bank of the West Platinum Credit Card is worth looking at.
This Platinum credit card has been designed for people who manage their banking well and regularly carry a balance on their accounts. On this card, cardholders are not penalized for carrying a balance.
For your convenience, we’ve looked online at the basic details of the card, summarized the findings, and are here to share them with you. In this article, you can find more about the Bank of the West Platinum Credit Card.
Bank of the West Platinum Credit Card Features
The most important feature of the Bank of The West Platinum Credit Card is the fact that it has been designed for people carrying a balance on their accounts. If you have this card, it could be to your advantage in the instances where you need to prove that you have a balance on your account.
As the card is a MasterCard you’ll also share in the normal MasterCard benefits. These benefits include security protection like 24/7 fraud monitoring and identity theft resolution. For your peace of mind, it also offers you zero liability for fraudulent transactions.
Its SecureSuite provides you with price protection and extended warranty benefits. When needed, you can very easily utilize the online management tool to temporarily lock or unlock your card in the event of theft, or when you want to conduct a balance transfer.
Also read: Chase Sapphire Reserve – How to Apply for a Credit Card
Pros and Cons of the Bank of the West Platinum Credit Card
Pros
Apart from the features mentioned above, your Bank of the West Credit Card has other advantages as well. To begin with, it offers a card with no annual fee and low-interest rates.
The card has a lower interest rate than most other credit cards. Another rate-related pro is its 0% intro APR for 6 months. After the initial 6 months, the APR will be between 14.99% – 22.99%, which is still lower as the most other cards.
Cons
One of the cons that the Platinum Credit Card has is that it is not for everyone. If you have a not-so-good credit history and need a lot of credit, this card is most probably not for you.
The card also has a rather high penalty rate for late payments and returned payment transactions. For both, you could be penalized with an amount of up to $38 per transaction.
Bank of the West Platinum Credit Card Fees
Let’s look at specific fees and rates that are charged on Bank of the West Platinum Credit Card below.
- Sign-Up Fee: $0
- Annual Fee: $0
- Interest Rate: Variable
- APR: 0% intro APR for 6 months, and then 14.99% – 22.99% variable APR for purchases.
- APR for Balance Transfer: 14.99%to 22.99% based on creditworthiness
- APR for Cash Advances: 24.99%
- Balance Transfer Rate: $10 or 4% of the transferred amount, whichever amount is greater
- Cash Advance Fee: $10 or 4% of the advanced amount, whichever amount is greater
- Foreign Transaction Fee: 3% of the U.S. dollar amount of each transaction
- Penalty for Late Payment: Up to $38 per transaction, variable
- Penalty for Returned Payment: Up to $38 per transaction, variable
Also read: JP Morgan Credit Card: Benefits, Pros and Cons and More
Credit Card Eligibility
To qualify for a Bank of the West Platinum Credit Card you have to be a US resident and 18 years or older. A good credit history would enhance the chances for approval.
How to Get a Bank of the West Platinum Credit Card
The easiest way to apply for the card is to visit Bank of the West’s website on Platinum Cards and apply online. Just follow the prompts.
You can also phone the bank at 1-866-269-2327 (TTY 1-800-659-5459) to initiate the application process. Or you can book an appointment with a banking representative in person at the branch closest to you. You can search on Bank of the West’s website for your nearest branch.
Bank of the West Address and Contact
The Bank of the West’s head office is at 180 Montgomery Street, San Francisco, California, 94194. If you want to call them, their telephone number is (415) 765 4800.
Conclusion
Bank of the West Platinum Credit Card is ideal for people who want to carry a balance on their accounts. It comes with plenty of perks and advantages, however, it is an exclusive card. If you don’t have a good credit history and need a lot of credit, this may not be the best option for you.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.
