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PetRewards™ Platinum Plus® Visa®

• 500 bonus points after your first purchase
• 1 point for every dollar you spend on everyday purchases
• Rewards begin at just 750 points
• Earn points toward veterinary services, pet food discount certificates, and shelter donations
• Earn two PetRewards Points for each dollar you spend at participating veterinary clinics, pet food retailers, farm and feed stores, and neighborhood pet specialty stores
• Card issued by FIA Card Services, N.A.

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

APR :  0% Introductory APR on purchases and cash advance checks for your first 6 billing cycles, 1.9% fixed rate on balance transfers

Introductory Period : 6 months

APR After Introductory Period : 18.24%

Cash Advance Rate : 18.24%% variable rate on cash advances

Annual Fee : $0

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

Insurance included : PetRewards Platinum Plus 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 (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 – The rewards program for veterinary services and pet products is generous and you can put  your pet’s picture on your credit card! You learn two points for every dollar spent at participating veterinary clinics, pet food retailers, farm and feed stores, and one point for all other purchases.

The Worst Thing About It – You need a high credit rating to get accepted for a PetRewards Platinum Plus VISA

Credit Rating Needed For Acceptance : Excellent.

Who Is It For?

The PetRewards Platinum Plus Visa card is for pet lovers who want a credit card with a rewards program that allows them to earn points towards towards veterinary services, pet food discount certificates, and shelter donations. 

 

The Benefits

You are reminded of your pet every time you pay. You customize your the PetRewards Platinum Plus Visa card by putting your pet’s picture on your credit card. Otherwise you can choose from several pet-related card designs.

You can put your points toward charitable pet related causes.  Aside from earning points towards pet products and pet related services you can also put your points towards shelter donations.

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

You can start redeeming points fast.  You can start redeeming products and services for as low as 750 points

PetRewards Platinum Plus 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.

PetRewards Platinum Plus VISA credit 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 card then you do not have to be liable for the usual $50 that is typically deducted as fraud liability.

The Drawbacks

 

The points have an annual cap. There is a limit of 100,000 points that can be accumulated on this card each year.

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 PetRewards Platinum Plus VISA will be applied to lower rate balances first. This makes it easy to get into debt.

Your points do expire. Accumulated miles do not expire as long the account remains active within a three-year period.

Your points have a cap. You must redeem your points within three year or lose them.

The PetRewards Platinum Plus VISA 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 generous amount of miles offered by the PetRewards Platinum Plus VISA card. The points are easily and quickly earned and are good for both donating money and getting big discounts on pet-related services and goods. The introductory rate expires is quite high so it is not a good card to carry a balance on month to month.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
0%	6 months	18.24%	0	Yes*	Excellent Credit