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The Etrade Credit Card was last reviewed on 10th September 2006
Summary - The Etrade Rewards Visa Platinum is rewards credit card that allows you to earn rewards that can be redeemed for statement credits, commission-free trades, travel and merchandise rewards and gift certificates. Find out more about this card.
Rewards - The Etrade Rewards Card allows you to earn one point for every dollar you spend on the card. You can earn unlimited reward points which can be used for statement credits, commission-free trades, travel and merchandise rewards and gift certificates. New cardholders get 2,000 reward points after their first purchase.
Fees and Rates - The Etrade credit card has no annual fee. The apr is prime rate plus 3.90%. There is no introductory offer though cardholders may get offers from time to time. T average daily balance method (including new purchase) method is used to calculate monthly balances. The grace period for purchases is 25 days.
Verdict - The Etrade Rewards Visa will appeal to existing etrade customers as you can use reward points to get commission-free trades and other rewards. There is no annual fee and you get a low apr as well.
PositivesNo annual feeLow apr
| Etrade Rewards Visa Platinum |
| Reward Benefits |
| Reward Formula |
Earn one point for every dollar you spend
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| Caps on Rewards |
Earn unlimited points
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| Travel and Insurance Benefits |
Travel Accident Insurance
Auto rental insurance |
| Other Benefits |
Extended Warranty
Free Online Access |
| Cost/Fees/Interest rates |
| Introductory rate |
No introductory APR |
| Annual Fees |
No annual fee |
| Purchase APR |
Prime Rate plus 3.90% |
| Balance Transfer APR |
Prime Rate plus 3.90% |
| Cash Advance APR |
Prime Rate plus 12.90% |
| Late Payment Rate |
Prime Rate plus 6.90% for first missed payment
Prime Rate plus 10.90% for second missed payment within 12 months |
| Min Finance Charge |
$0.50 |
| Grace Period |
25 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Cash Advance Fee |
3% min $5.00, max $50.00 |
| Balance Transfer Fee |
3% min $5.00, max $50.00 |
| Over-the-credit-limit fee |
$29.00 |
| Late Payment fee |
$29.00 |
See our cardholders' review of the etrade credit card
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