Bryant State Bank’s MasterCard – Full Review:

February 6, 2010 1 Comment »

Bryant State Bank’s MasterCard is issued by Bryant State Bank. If you’ve never heard of this bank, you’re certainly not alone. They are a small bank based in South Dakota with an extremely small product line. In fact, they are almost solely known for this one credit card.

It is a fantastic deal for those eligible to have it. Its zero balance transfer fee, low long-term APR structure and low annual fee make it one of the most respectable deals amongst balance transfer credit cards on the market. The main savings come with the lack of any balance transfer fee. Considering the average balance transfer fee sits between 3 and 5 percent of the sum being transferred, one could easily save hundreds of dollars right off the bat by opting to transfer a balance to this card.

Some additional attractions of the card are it’s fair pricing (APR) and convenient benefits. It provides helpful emergency and safety features such as “Emergency Cash Advance and Card Replacement,” 0% fraud liability and 24/7 online account access. It does, however, lack the reward structure in which rewards credit cards, cash back credit card and frequent flier credit cards possess.

The Bryant State Bank MasterCard offers a low introductory rate of 3.25% on balance transfers for 6 months, plus, it doesn’t carry a dreaded balance transfer fee which you can generally see with these cards. This is an extremely favorable feature for those looking to transfer balance(s) carried on their current high APR credit cards. The APR for purchases and cash advances is 11.25%.

Bryant State Bank’s MasterCard List of Features:

  • Low Interest Rate of 11.25%*
  • Introductory Balance Transfer Rate
  • No Balance Transfer Fee
  • $0 Fraud Liability
  • 24/7 Online Account Access
  • Emergency Cash Advance & Card Replacement
  • Worldwide Acceptance
  • *See Card Terms and Conditions

The fees associated with the Bryant State Bank MasterCard are, in our opinion, quite minimal when pitted against all the other offers on the market. Its current $20 annual fee sits significantly under the average credit card fee of $95. Other fees to watch out for are late payment fees (between $10 and $35) as well as ‘return payment fees’ of $35 apiece.

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  • cj

    stay away from these crooks..35.9% APR,isnt there laws against hosing people like that?