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
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.
|AT&T Universal Savings Platinum Card|
|Minimum Income Required is $12,000|
|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
|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|
|Late Payment fee||$15.00 - up to $100
$29.00 - $100 up to $250
$39.00 - $250 and greater