The First National Bank of Omaha has four different credit cards that consumers can be approved for. Each card has a set of features and benefits that different people could find useful. That’s because each card is designed for a different type of consumer. We’re going to take a closer look at the First Bank Platinum Edition Visa Card. This is the card that the average person with average credit could get approved for. This is also the kind of card that many people might find beneficial. If you’re looking to apply for a First National credit card, here are 10 benefits of being a cardholder.
1. Low APR
Among all of First National’s credit cards, the Platinum Edition has the lowest APR. What this means for you is simple. If you’re planning to carry a balance from month-to-month, which is something that most credit card holders do, you’ll be paying the lowest interest fees monthly. APR is one of the first things you should consider when getting a credit card, and this one happens to have a competitive rate.
2. Intro APR
Apart from having a general low APR, this First National credit card offers 0% intro APR for your first 15 billing cycles. That’s a year and 3 months of not having to pay for any interest fees. This is the perfect time to make a big purchase. Just make sure you pay it all off before the 15 months are up.
3. Balance transfer
One of the greatest benefits of this card is the balance transfer feature. If you have a balance on your other cards, you can transfer them over to this new card for a minimal fee. It’s a good way to consolidate your credit card debt into fewer or even just one card. That means fewer monthly payments or just one.
4. No annual fee
You’ll never have to pay for any annual fees with this credit card. That’s amazing considering that annual fees could go for anywhere from $35 to over $100 per year. Instead, your entire credit card balance can go towards purchases and not fees.
5. No overlimit fee
It happens sometimes. You might accidentally or unknowingly go over your credit limit. First National is quite forgiving of this scenario because they’ll never charge you a fee for going over the limit. Just make sure that you pay off your overlimit plus the minimum monthly fee in order to not be charged a late fee.
6. Cash advance
If you happen to need some cash and all you have is your credit card, you can easily take out cash from a participating ATM using your First National credit card. This is a very useful benefit, but you will have to be responsible for a cash advance fee.
7. FICO credit score
Being a First National cardholder, you’ll have access to your FICO credit score for free every month. If you’re the type of person that likes to keep up with your credit, this is a great benefit. This can also be useful if you’re in the rebuilding stages of your credit score.
8. Zero liability guarantee
First National guarantees that they’ll never make you liable for any fraudulent charges or purchases made with your credit card. Having your card stolen or your account hacked is something that’s already stressful. First National helps out somehow by not giving you a hard time about paying off the fraudulent charges. That’s something that you’ll never be responsible for.
9. Travel benefits
If you’re a First National credit card holder, you automatically get auto rental insurance and travel accident insurance if you make a rental charge using your credit card. You’ll have no need to purchase additional insurance on your rental. This takes off another stress if ever you do get into an accident while traveling.
10. Purchase protection
You can feel secure knowing that your biggest purchases will be protected as long as you used your First National credit card as payment. If something happens to your purchase that’s not your fault—theft, for example, First National will cover the charges and offer an extended warranty. This is a benefit you think you’d never need until something actually happens.