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Make-A-Wish® Platinum Visa®

• A contribution will be made to your local Make-A-Wish® chapter every time you make a purchase with your new Make-A-Wish® Visa card.
• No annual fee
• No fees for balance transfers
• Card issued by FIA Card Services, N.A.

Just the Facts --

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 : Prime + 2.99%

Cash Advance Rate : Prime + 7.99% variable rate on cash advance checks

Annual Fee : $0

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

Insurance included :  The Make-A-Wish 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 Make-A-Wish 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 – There is a 1.9% introductory rate on purchases, balance transfers, but the interest rate for purchases and balance transfers is above average after the introductory rate expires.

Credit Rating Needed For Acceptance : Good credit.

Who Is It For?

The Make-A-Wish Platinum Visa is for those who want points that are donated to the Make-A-Wish foundation, which grants requests for dying children.

 

The Benefits

You can put your points toward charitable causes.  The Make-A-Wish Platinum Visa gives you a painless way of contributing to a worthwhile cause in small amounts over a long period time.

There is no annual fee for additional cards. Duplicate cards are free.

The Make-A-Wish Platinum Visa 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 Make-A-Wish 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 Make-A-Wish Platinum Visa card has a short grace period. Many credit cards don’t begin to garner interest on purchases until thirty days after purchase. The Make-A-Wish Platinum Visa only gives you twenty days.

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 Make-A-Wish 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 Make-A-Wish Platinum Visa Card.  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.

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