AT&T Credit Card | AT&T Universal Credit Card Review
Review of the AT&T Universal Savings Platinum Card
The AT&T Universal Universal Savings Platinum Card was last reviewed on 13th May 2008
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Let's look at this card in more detail
Phone Benefits - The ATT Universal credit card is a prepaid phone card and a credit card combined into one. Cardholders get 2 free directory inquiries each month. Furthermore, you get up to 30 minutes free phone minutes per month, anytime, anywhere.
Cardholders will earn 5% on each dollar you spend on eligible AT&T purchases that is matched by the amount you spend on other purchases. However, for the first 12 months of card membership, you will earn 10% on each dollar you spend on eligible AT&T purchases that is matched by the amount you spend on other purchases. You may save a maximum of $350 in any calendar year (eligible transactions appearing on your January-December billing statements).
A couple of fine prints are in order here. Firstly, eligible transactions for which you earn savings are AT&T consumer products and/or services and Cingular bill payments. AT&T consumer products and services must be purchased through 1-800-222-3111, 1-866-246-4852, www.att.com, www.telephones.att.com, www.cingular.com, Cingular Company owned stores or AT&T customer service centers. Purchases from independent Cingular dealers are not eligible, unless they are for payment of Cingular service.
Annual Fee and APR - The ATT Universal credit card has no annual fee. The APR is as low as prime rate plus 3.99% depending on your credit history. The average daily balance method (including new purchases) is used to calculate monthly balances. New cardholders get a 0% APR deal for balance transfers for up to 12 months. But because there is no cap on the maximum balance transfer fee, I would not recommend this card to do a balance transfer.
Verdict - The AT&T Universal Savings Platinum Card will appeal to users of AT&T services including cingular wireless. Apple iPhone users may want to consider this card as a way of saving on their wireless bills.
Positives
| AT&T Universal Savings Platinum Card | |
| Minimum Income Required is $12,000 | |
| Other Benefits | |
| Wireless phone theft and loss insurance Free online account management Zero liability on authorized purchases 24 hour customer service Lost wallet service Free additional cards |
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| Cost/Fees/Interest rates | |
| Introductory rate | 0% APR for FIRST balance transfer for 12 months |
| Annual Fee | No annual fee |
| Purchase APR | As low as Prime Rate Plus 3.99% |
| Balance Transfer APR | As low as Prime Rate Plus 3.99% |
| Cash Advance APR | Prime Rate plus 14.99%, min 19.99% |
| Penalty/Default Rate APR | 28.99% |
| Min Finance Charge | $0.50 |
| Grace Period | 20 days |
| Balance Calculation Method | Average Daily Balance (including new purchases) |
| Balance Transfer Fee | 3%, min $5.00 |
| Cash Advance fee | 3% min $5.00 |
| Over-the-credit-limit fee | $39.00 |
| Late Payment fee | $15.00 - up to $100 $29.00 - $100 up to $250 $39.00 - $250 and greater |