Review of Avon Credit Card



The Avon Credit Card was last reviewed on 13th June 2005

Summary - The Avon Platinum Visa® Card will appeal to those looking to use rewards for Avon products. The key features of the card are as follows
  • You earn one point for every dollar you spend
  • Once you have spent 2,500 points, a $25.00 Avon Beauty Reward certificate will be issued to you
  • There is no annual fee
  • Your apr is 0% for the first 12 billing cycles for both purchases and balance transfers

Let's look at this card in more detail.

Reward Formula - You earn 1 Avon Reward Point for every dollar you spend on the Avon credit card. Once you have spent $2,500, you will be issued a $25.00 Avon Beauty Reward certificate, which can be used for any Avon products. You also earn 2,500 points (and hence a $25.00 certificate) after your first purchase.

Annual Fee and APR - The Avon credit card has no annual fee. The apr is prime rate plus 5.99%, 9.99% and 14.99%. This card uses the two-cycle average daily balance method (including new purchases) to calculate monthly balances. Your apr is also 0% for 12 billing cycles on both purchases and balance transfers.

Conclusion - The Avon Platinum Visa® Card is a basic reward card that pays essentially a 1% rebate which can be used for Avon purchases. This card will appeal to those who want to use reward points for Avon products.

Positives
  • No annual fee
  • 0% apr for first 12 billing cycles
  • Cetificates are given once you have spent 2,500


Negatives
  • Uses the two-cycle average daily balance method (including new purchases) to calculate monthly balances



Avon Credit Card
Reward Formula
Point Accumulation Earn 1 Avon Reward Point for every dollar you spend on purchases
Cost/Fees/Interest rates
Introductory rate 0% fixed APR for 12 billing cycles (purchases and balance transfers)
Annual Fees No annual fee
Purchase APR Prime Rate plus 5.99%, 9.99% or 14.99%
Balance Transfer APR Prime Rate plus 5.99%, 9.99% or 14.99%
Cash Advance APR Prime Rate plus 14.74%
Penalty/Default Rate Prime Rate plu 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method 2-cycle average Daily Balance (including new purchases)
Balance Transfer Fee 3% min $5.00 max $75.00
Convenience checks fee 3% min $5.00 max $75.00
Cash Advance fee 3% min $10.00
Foreign Currency Conversion fee 3%
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to but not including $250.00
$39.00 - more than $250.00



Apply for the Avon Credit Card

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