PerfectCard MasterCard® Review

PerfectCard MasterCard® Online Application

0% Intro APR for up to 6 months.
No Annual Fee.
6% Automatic Rebates on all eligible gas purchases at any gas station for the first 90 days.
3% Automatic Rebates on all eligible gas purchases at any gas station after the first 90 days.
1% Automatic Rebates on all other purchases.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
0%*	6 months*	10.99%*	None.*	3%*	excellent / good*

This credit card has been created for people who spend a lot of money on gasoline and who might benefit from a specific rebate rewards scheme on the back of their credit account. With this card you will earn a 3% rebate on any gas purchases, and in the first six months that you hold the account this percentage is doubled. For all other purchases you will earn a 1% rebate. You can redeem these dollars at a rate of $15 per month.

There are no annual fees on this credit card, however there are other standard related fees that you must become familiar with before using the account: late fees, overlimit spending fees, cash advance fees and APR and balance transfer fees. Late fees are calculated according to the amount you owe: for anything up to $250 the fee is $15; for anything over that amount you will be charged $39. If you spend more than you have been allocated in credit you will be charged a flat fee of $35. Cash advances on this card are more expensive than most because of the minimum payment of $10; technically each cash advance will cost you 3% of the amount taken out. Cash advances are charged APR at 20.99%. If you spend in a foreign currency, the conversion fee is 3% of the amount once it has been converted to American dollars. If you wish to make a balance transfer from one or more of your existing credit card accounts to this one, there is a 3% transfer fee for each transaction. There is a minimum payment of $5 and a maximum payment of $75. After a six month no-APR grace period on balance transfers, the balance is subject to standard purchase APR.

For this particular account, the purchase APR is dependent on your own credit history and annual income. You may be offered a purchase APR of 10.99%, 14.99% or 19.99% variable, however if you fail to make payments on time each month this introductory offer will shoot up to the default APR of up to 28.99% variable. You will also stand to lose the introductory twenty day no-purchase-APR grace period. If you spend a lot of your money on gas then this credit card offers you the opportunity to have a little bit of that cash back. It is a good account to open for this reason, but only if you have the credit rating needed to secure the lowest APR.