Review of SouthTrust Bank WorldPoints Credit Card




The SouthTrust Bank WorldPoints Credit Card was last reviewed on: 20th March 2005

Summary - The SouthTrust Bank WorldPoints credit card is based on MBNA'a WorldPoints reward program. You earn one point for every dollar you spend on your credit card. You can earn unlimited points, which are valid for five years. Reward points can be redeemed for airline travel, hotel, cruises, car rental, shopping merchandise, gift certificates and even cash rebate.

The SouthTrust Bank WorldPoints credit card has no annual fee. The apr is low at prime rate plus 4.99%. You get a 1.7% introductory apr for 6 months on balance transfers (you have to pay a balance transfer fee). The average daily balance method (including new purchases) is used to calculate your monthly balance. The grace period is 25 days.

You need a minimum income of $15,000 to qualify for this credit card.

The SouthTrust Bank WorldPoints credit card is a good reward card as it allows you to earn unlimited points, has no annual fee and a low apr. The WorldPoints reward program is a comprehensive all-rounder with travel, shopping and cash rebate rewards.

Positives

  • No annual fee
  • Low apr
  • Good reward program


Negatives
  • Reward Points expire in 5 years


SouthTrust Bank WorldPoints Credit Card
Reward Benefits
Reward Formula Earn 1 point for every dollar spent on purchases
Caps on Points Earn unlimited points
Point Expiry Points expire in 5 years
Other Benefits
Online Account Access
Automatic Bill Payments
Cost/Fees/Interest rates
Introductory rate 1.7% apr for 6 months (balance transfers and cash advance)
Annual Fee No annual fee
Purchase APR Prime Rate plus 4.99%
Balance Transfer APR Prime Rate plus 4.99%
Cash Advance APR Prime Rate plus 4.99%
Penalty/Default Rate APR Prime Rate plus 10.49%
Min Finance Charge
Grace Period 25 days
Balance Calculation Method Average Daily Balance (including new purchases)
Balance Transfer Fee 3%, min $10.00 max $75.00
Cash Advance fee 3% min $10.00, max $75.00
Over-the-credit-limit fee $15.00 - $500 or less
$500.01 - $1,000
$39.00 - over $1,000
Late Payment fee $15.00 - $100 or less
$29.00 - $100.01 to $1000
$35.00 - over $1000



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