Credit cards are easy to come by but not all of them are as easy to use as the Maximum Rewards Platinum Edition Visa from the First National Bank of Omaha. This card offers some of the simplest terms you will find on the market today.
It should not be difficult to see why this Visa from the First National Bank of Omaha has the potential to be a great credit card. It is easy to understand which makes it very easy to use and the simple rewards program makes it easy to enjoy as well. As you can see this card offers many benefits to its customers.
Competitive Interest Rates
The main reason why people consider a credit card is because of the rates. While there might be other benefits and features that are attractive, the most determining factor is the interest rate. Of course, each card often has different interest rates attached to each of the different kinds of balances that could be assessed to the card. These balances include:
- Standard purchases
- Balance transfers
- Cash advances
- Money transfers
The two balances that concern most people, obviously, are purchases and balance transfers. Obviously standard purchases are probably what will reflect your credit card activity the most, but balance transfer options can also be very good because it gives you the opportunity to consolidate other credit cards into one balance (which means only one interest rate and only one payment every month).
The Maximum Rewards Platinum Edition Visa from the First National Bank of Omaha offers competitive rates on both standard purchases and balance transfers:
- Very low rate on standard purchases for the first six months
- Very low rate on balance transfers for the first year
Obviously, this gives you lots of different options when it comes to how you want to use your new credit card.
Most credit cards, these days, also offer a rewards program that gives you points every time you use your credit card to make a purchase. These points can then be used to purchase other things, which are determined in the terms and conditions of your credit card when you sign up.
The Maximum Rewards Platinum Edition Visa credit card has a simple program – 1 point for every $1 spent on qualifying purchases – that is somewhat competitive against programs offered by other cards. You only need 1,500 points before you can start using them and you can redeem them for a variety of different things:
- General merchandise (usually as vouchers)
- gift cards / gift certificates
- Air travel costs and other travel services (with slight, additional fees for domestic and international travel)
- Cash back rebates (usually as account discount credits)
There are no limits to the amount of points that you can earn. However, your points can expire but the expiration date of points – for the Maximum Rewards Visa card in particular – is five years after you earn them.
Fees, Penalties and Service Charges
Although the Maximum Rewards Platinum Edition Visa card has no annual fee – which makes it different from many cards on the market right now – it does still retain many of the traditional fees that you might find.
These fees, penalties, and service charges are things you should always expect to find, but it still important to understand what they are and how they work. Fees can be assessed as flat rate dollar amounts or as a percentage of a transaction.
- Balance transfers (flat rate or percentage)
- Cash advances (flat rate or percentage)
- Foreign transaction (flat rate or percentage)
- Cash equivalent (flat rate or percentage)
- Late payment (flat rate)
- Returned payment (flat rate)
- Additional card / replacement card (flat rate)
You should also note that your annual percentage rate can increase if you:
- Miss a payment
- Exceed your credit limit
- Have a payment returned.
This rate will persist until the previous balance is satisfied.
It’s easy to save money and enjoy competitive benefits with the Maximum Rewards Platinum Edition Visa Card. With no annual, low rates, and a simple rewards program you may find that it is the only card you need.