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Home > Credit Cards > IBERIABANK Visa® Platinum

IBERIABANK Visa® Platinum

Snapshot of Card Features:

  • Earn 1 bonus point for every $1 in qualifying net retail purchases, can redeem for merchandise with as little as 700 points.
  • Turn your points into hotel, gift, or experience rewards
  • Travel accident coverage up to $1,000,000
  • No annual membership fee
Intro AprBalance TransferOngoing APRAnnual FeeCredit Needed
N/A Intro: 1.99%
6 months		9.25-15.25% Variable$0Excellent
 

Our Expert Review

Rates & Term Details

Complete Card Details
For the complete terms and conditions, view this card's Schumer Box

What is a Schumer Box?
A Schumer Box includes the following rate and term information for all credit cards:

  • Annual Percentage Rate (APR) for purchases (or interest rate)
  • Other APRs - interest rates for balance transfers, cash advances, default, etc.
  • Variable rate information (if applicable)
  • Grace Period
  • Finance calculation method
  • Finance Charges
  • Annual Fee (if applicable)
  • Other fees - transaction fees, balance transfers, cash advances, late payments, over-limit, etc.

Important
Always read the terms and fees disclosure provided by the credit card issuer on their site before applying. The issuing bank's terms may include more detailed or updated information than presented here.

Notes
*View IBERIABANK Visa® Platinum card rates, fees, rewards and other important information.


Beverly Harzog - April, 2011

The IBERIABANK Visa® Platinum has a rare combination of features. With this card, you get reward points, a low APR and no annual fee. On top of all that, you even get a low promotional rate on balance transfers. There's a very thorough approval process so be prepared to provide proof of employment.

Benefits

This card offers $1,000,000 travel accident coverage. You also get perks such as travel emergency service and auto rental collision damage waiver.

Rewards

Earn up to 17,000 bonus points in the first year of your account opening. With your first purchase, you get 5,000 bonus points plus an additional 1,000 points for each month you have net purchases of at least $250 (through the first 12 months). In addition, you get one bonus point for every $1 spent on net retail purchases. You can redeem reward points for travel, electronics, home furnishings, and more.

Balance Transfers

You get a 1.99 percent introductory APR on balance transfers for your first six billing cycles. After that, your rate will be the same as your purchase APR (9.25 percent, 12.25 percent or 15.25 percent). There's a 2 percent balance transfer fee.

Rates

The IBERIABANK Visa® Platinum carries a purchase APR of 9.25 percent, 12.25 percent or 15.25 percent variable APR, based on your creditworthiness. Cash advances carry a 14.75 percent, 18.25 percent or 21.25 percent variable APR. There's no annual fee.

Who Should Apply

Consumers who are looking for a straightforward rewards program and who have been at their current job for at least six months.

Credit Standing

You need excellent credit, which is at least 750, to qualify for this card.

Author

Beverly Harzog

About Credit.com's Credit Cards and Prepaid Cards:

You may be able to build, rebuild, or reestablish your credit history by making on time monthly payments to all creditors and by maintaining all your balances under the credit limits. From premium reward cards to accounts that help you rebuild your credit, we have the credit card for you! If your future goals include owning a home, buying a car, owning your own business, or traveling, having a credit card can be an excellent first step. With credit card services from leading issuers like American Express, Bank of America, Capital One, Chase, Citibank, Discover, First PREMIER® Bank, HSBC Bank, IBERIABANK, MasterCard, Simmons First and Visa, you can find the best credit card for you at Credit.com.

The key to success with credit cards is to know how to use them to your advantage and not to get caught up in the traps that lurk behind the benefits. Credit.com offers many kinds of credit card benefits, from airline and gas rewards to cashback cards, and the first step is filling out a credit card application online. You can also apply for specialty credit cards, such as student credit cards or business credit cards. Credit.com also offers credit cards for the United Kingdom and Canada.

In addition to credit cards, Credit.com offers three other card options that can provide excellent choices for people with less-than-perfect credit: Prepaid cards from Mastercard and Visa allow you to load money onto the card and then use it like any other major credit card. They require no credit approval and carry the same fraud protection as the regular cards. But fees can be high, so be sure to shop carefully for a prepaid card.

Secured cards require you to open a bank account and deposit funds in a bank account (security deposit) in case you can't pay the bills. You'll get a major credit card you can use anywhere those types of cards are accepted. Shop carefully for a secured card to avoid costly fees.

Debit Cards issued under the Visa card or Mastercard name can be widely used and carry fraud protection. But if your card number is stolen and used, you'd want to find out immediately. Otherwise, you could bounce checks. One strategy: Have two checking accounts and associate your debit card with the one with the small balance. Just transfer the purchase amount into the account before you buy something with the card.

  

*For complete information, see the terms and conditions on the credit card issuer's web site. Once you click to apply for this card, you will be directed to the issuer's website where you may review the terms and conditions of the card before applying. While Credit.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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The Pros and Cons of Prepaid Cards

Prepaid cards offer the convenience of a credit card without the difficult approval process or risk of getting into debt. These cards work a lot like a gift card, you will have to load the account with cash (direct deposit is usually available) before you can use it for a purchase

Prepaid cards are not credit cards; you cannot spend more than the balance you have deposited and you will not be charged interest for your spending. The prepaid account will not be reported to the credit bureaus as a credit card.

Pros:
Cons:

Fees and charges can vary significantly between different prepaid credit card offers. Be sure to read the fee schedule for the prepaid credit card before you apply.


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