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Anne Geddes Platinum Visa®

• Help children in need and earn Anne Geddes Rewards with every purchase – at no additional cost to you
• Earn one point for each dollar in qualifying purchases
• Earn 2,000 Anne Geddes Rewards points after your first purchase,
• Earn 1,000 anniversary Anne Geddes Rewards Points each year
• A percentage of every purchase will be donated to the non-profit Geddes Philanthropic Trust1 at no extra cost to you
• Card issued by FIA Card Services, NA.

Issuer : FIA Card Services, N.A. (Bank of America)

APR : 1.9% Introductory APR on purchases and balance transfer for your first 6 billing cycles,.

Introductory Period : 6 months

APR After Introductory Period : 16.24% Variable

Cash Advance Rate : 16.24% Variable

Annual Fee : $0

Credit Line Possible : The minimum credit line offered is $500 and the maximum is $25,000.

Insurance included :  The Anne Geddes Platinum Visa includes extended car rental and warranty coverage on services and purchases for up to a year.

Financing Configuration – Interest is calculated on your average daily balance  on your Anne Geddes Platinum Visa (including new purchases).

Grace Period – You have twenty days after making a purchase during which you do not have to pay interest.

The Best Thing About It – A low introductory rate for balance transfers and no annual fee.

The Worst Thing About It – Points expire after one year if you don’t make use of them by redeeming them for Anne Geddes merchandise.

Credit Rating Needed For Acceptance : Good credit.

Who Is It For?

A percentage of each purchase made with the card will be donated to the Anne Geddes Philanthropic Trust for the prevention of child neglect and abuse. These donations are made at no additional cost to the cardholder. Anne Geddes Platinum Visa card holders also have the option to donate the points they earn through the reward program to the Anne Geddes Philanthropic Trust so it is a great card for those who want to have a choice about where their rewards points can go to make a difference.

 

The Benefits

You can put your points toward charitable causes.  Cardholders receive 2,000 bonus points with their first purchase and 1,000 anniversary points each year. Points are redeemable for Anne Geddes merchandise including books, baby clothing, watches, and more.

There is no annual fee for additional Anne Geddes Platinum Visa cards. Duplicate cards are free.

The card comes with the Bank of America’s Purchase Replacement program. This feature provides for repair or replacement for covered purchases that are stolen, damaged or lost at a known location, within 90 days of the date of purchase.

The card comes with the Bank of America’s Purchase Guard. This feature may double the manufacturer’s original U.S. warranty period for covered purchases with warranty duration of 1 year or less.

Zero Liability.  If you claim someone has stolen your Anne Geddes Platinum Visa card then you do not have to be liable for the usual $50 that is typically deducted as fraud liability.

 

The Drawbacks

 

The 1.9 % introductory rate is not guaranteed. If you make a late payment on any bill, not just your credit card bill, your introductory 0% rate can be replaced with the costly prime rate.

All payments you make with your Anne Geddes Platinum Visa will be applied to lower rate balances first. This makes it easy to get into debt.

The introductory rate can be cancelled at the discretion of the Bank of America. You will lose your introductory rate if you exceed your credit limit or are late with a payment or if there is a negative comment on your credit report.

 

Fees To Watch Out For

Late payment fee:  $15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250

Cash advance Fee: 3%, $10 minimum; 4%, $10 minimum, $90 maximum for cash advance checks

Over The Limit Fee: $15 on balances up to $500; $29 on balances over $500 up to $1,000; $39 on balances over $1,000

Balance Transfers: No fees on introductory balance transfers; 4%, $10 minimum, $90 maximum after the introductory period

To Summarize –

The lack of an annual fee is attractive as is the charitable nature of the Anne Geddes Platinum Visa Card. You are given the option of redeeming points directly to the charity or donating a percentage of Anne Geddes merchandise that you buy. The introductory rate which expires after a mere six months is quite high so this is not a good card to carry a balance on from  month to month. You also may not get the lowest rate if your credit is not excellent.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
1.9%	6 months	P + 2.99%	None	Yes	Good Credit