Carrying balances on credit cards are among the top financial problems of many Americans. In fact, in 2018, NerdWallet recorded almost $420.22 billion household debt. This only indicates that while credit cards are great for convenience, lack of control and financial management can be dangerous. However, having to deal with 0% APR for 6 months of account opening is such as charmer, hence, applying for the Bank of the West Platinum Credit Card may seem a good idea.

Let’s dive into the pros and cons of this card and see whether it’s a great credit card for an average earner.

Features and Benefits

The Bank of the West has a suite of credit cards with varying features. For instance, there is a card designed for cash back incentives and other perks. While the bank only offers limited credit cards, one cannot deny that these are great for everyday use.

For the Bank of the West Platinum Credit Card, the greatest asset would be the zero percent interest for the first 6 months of account opening. In addition to this, it also issues no annual fee. Critics would say these benefits are just ordinary and nothing’s extra special here. This is true for the most part because fees are higher compared to other banks.

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Application

For online application, registering an account with the Bank of the West is necessary to apply. To get approved, personal details must be provided including full name, address, social security number, employer, existing rent or mortgage of any kind, gross income and age.

Credit scores also play a crucial role in determining whether an applicant can be given a credit card or not. This specific financial record also determines the credit limit for the card.

Other Charges and Fees

After the 0% introductory APR for the first six months, APR will be 17.24% to 25.24%. This is not that low as stated by the bank. In fact, there are some banks that offer lower interest. Penalty for cash advances is also high at $10 or 4% of each cash advance. A late payment fee of $38 is also charged on top of the interest in case a cardholder misses the 25-day grace period.

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