AT&T Universal Platinum Card Review

Summary - The ATT Universal Savings Platinum Card is a prepaid phone card and credit card combined into one. This card was designed for those who wants the convenience of using AT&Ts' prepaid phone card service with a credit card. We recommend the AT&T Universal Savings Platinum Card to an AT&T user, or those looking for either a low interest credit card because

• This is an AT&T phone card combined with a credit card
• There is no annual fee
• The APR is low


Let's look at this card in more detail

Phone Benefits - The ATT Universal credit card is a prepaid phone card and a credit card combined into one. Cardholders get 2 free directory inquiries each month. Furthermore, you get up to 30 minutes free phone minutes per month, anytime, anywhere.

Cardholders will earn 5% on each dollar you spend on eligible AT&T purchases that is matched by the amount you spend on other purchases. However, for the first 12 months of card membership, you will earn 10% on each dollar you spend on eligible AT&T purchases that is matched by the amount you spend on other purchases. You may save a maximum of $350 in any calendar year (eligible transactions appearing on your January-December billing statements).

A couple of fine prints are in order here. Firstly, eligible transactions for which you earn savings are AT&T consumer products and/or services and Cingular bill payments. AT&T consumer products and services must be purchased through 1-800-222-3111, 1-866-246-4852, www.att.com, www.telephones.att.com, www.cingular.com, Cingular Company owned stores or AT&T customer service centers. Purchases from independent Cingular dealers are not eligible, unless they are for payment of Cingular service.

Annual Fee and APR - The ATT Universal credit card has no annual fee. The APR is as low as prime rate plus 3.99% depending on your credit history. The average daily balance method (including new purchases) is used to calculate monthly balances. New cardholders get a 0% APR deal for balance transfers for up to 12 months. But because there is no cap on the maximum balance transfer fee, I would not recommend this card to do a balance transfer.

Verdict - The AT&T Universal Savings Platinum Card will appeal to users of AT&T services including cingular wireless. Apple iPhone users may want to consider this card as a way of saving on their wireless bills.

Positives

• No annual fee
• 2 free directory inquiries per month
• Up to 30 free phone minutes per month

AT&T Universal Savings Platinum Card
Minimum Income Required is $12,000
Other Benefits
Wireless phone theft and loss insurance Free online account management Zero liability on authorized purchases 24 hour customer service Lost wallet service Free convenience checks Free additional cards
Cost/Fees/Interest rates
Introductory rate	0% APR for FIRST balance transfer for 12 months
Annual Fee	No annual fee
Purchase APR	As low as Prime Rate Plus 3.99%
Balance Transfer APR	As low as Prime Rate Plus 3.99%
Cash Advance APR	Prime Rate plus 14.99%, min 19.99%
Penalty/Default Rate APR	28.99%
Min Finance Charge	$0.50
Grace Period	20 days
Balance Calculation Method	Average Daily Balance (including new purchases)
Balance Transfer Fee	3%, min $5.00
Cash Advance fee	3% min $5.00
Over-the-credit-limit fee	$39.00
Late Payment fee	$15.00 - up to $100 $29.00 - $100 up to $250 $39.00 - $250 and greater