Maximum Rewards Platinum Edition Visa Review



 


If you are looking for a simple credit that offers convenient savings and impressive benefits, then the Maximum Rewards Platinum Edition Visa from the First National Bank of Omaha might be for you. It could save you money and earn you great rewards on your favorite things.

While many credit card companies are trying to develop creative ways to attract new customers, the First National Bank of Omaha seems to understand that most attract feature is simply a good product. That's why they are offering the Maximum Rewards card. It has no annual fee, but offers competitive rates and many of the most popular benefits in the credit card industry.

Competitive Rates

A low interest rate is usually what sets a good card apart from a bad one. Sure, anyone can offer great incentives and rewards, but they are usually not worth it if you end up paying a ridiculously high interest rate. In fact, in the end you will just end up paying for the incentive anyway!

However, when a credit card has competitively low interest rates you can be sure that they have your best interests in mind. This is where this Visa card from the First National Bank of Omaha comes into play. When you are approved for this card, you could enjoy very good interest rates both during the introductory periods and for the life of your card:

  • Standard purchases for the first six months
  • Balance transfers for the first twelve months
  • Standard variable APR based on the market prime and your credit history

With this in mind you could use your new Maximum Rewards Visa to consolidate several other credit cards that you might have so you can save yourself money and time and pay them down quickly. You could also use your new card to make that monstrous furniture or remodeling purchase you have been waiting for, or you could take that family vacation you have been trying to plan.

Incentive Rewards

The credit card industry is very competitive and that is why most credit card companies offer incentive rewards to their customers. These programs offer you "rewards" as an "incentive" to continue using your credit card. The most popular kind of incentive reward program is Frequent Flyer miles, which earn you points, or "miles," towards airfare on your favorite air travel carrier. The Maximum Rewards Visa offers something like this. Here's the breakdown:

  • earn a single point for every dollar spent on qualifying purchases
  • points are limitless
  • points expire after five years

As you can see, it is very easy to earn points. Of course, it is also very easy to use points. You need only 1,500 before you can start redeeming your rewards points towards:

  • general merchandise
  • gift cards / gift certificates
  • air travel costs (including airfare, hotel, and other travel expenses)
  • cash back rebates

Keep in mind that airfare rebates will carry a minimal charge for domestic and international travel. Also, cash back rebates usually come to you in the form of a statement credit.

Fees And Penalties

Like most other credit cards, the Maximum Rewards Platinum Edition card also charges fees for violating the terms and conditions. Usually, fees and penalties are assessed to discourage you from doing things you wouldn’t want to do anyway. For example, some common fees are assessed for:

  • missing a payment
  • making a late payment
  • going over your credit limit
  • having a payment returned

The Platinum Edition Visa also assesses service charges for various card activities like:

  • balance transfers
  • cash advances
  • foreign transactions

It is important to note that some fees, penalties, and service charges appear as a flat dollar rate while others might be determined using a percentage of the transaction (like with balance transfers, for example). Knowing this beforehand is important because it can help you determine if using your card for certain things is the right thing to do.

Conclusion

The First National Bank of Omaha offers lots of attractive benefits with the Maximum Rewards Platinum Edition Visa. It has competitive rates, no annual fee, and a simple incentive program that is easy to understand and even easier to enjoy.






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