By : 
Mr Credit Card
Mr Credit CardPulaski Bank Visa Gold Card Review
Summary - The Pulaski Bank Visa Gold will appeal to those looking for a low apr credit card. It's main features and strength are :
- low fixed rate apr at 9.50%
- No annual fee
- 0% apr for balance transfer for 6 billing cycles from the date of transfer
- 25 day grace period
- Interest calculations based on average monthly apr rate
- Low fixed apr
- No annual fee
- 0% apr on balance transfer for 6 billing cycles
- 0% offer starts from date of transfer, not account opening
- 25 days of grace period
- Use the "monthly periodic rate" rather than the more common "daily periodic rate"
- No balance transfer or cash advance fee
Let us take a closer look at this card.
Fees and APR - The Pulaski Bank Visa Gold has no annual fee. You get a 0% introductory apr offer on balance transfers for 6 billing cylces. Unlike most credit cards where the 0% apr starts from account opening, this offer starts from the date of the transfer. The apr is a fixed rate which is presently at 9.50%. The average daily balance method (including new purchases) is used to calculate monthly balances. The cash advance apr is also the same as the purchase apr at 9.50%. Unlike most credit cards that give cardholders 20 days grace period before a finance charge is imposed, the Pulaski Bank Visa Gold gives 25 days of grace period. Furthermore, this card uses the "monthly periodic rate" to calculate your finance charges, rather than the increasingly common "daily periodic rate". The Pulaski Bank Visa Gold does not charge any balance transfer or cash advance fee.
Verdict - We highly recommend the Pulaski Bank Visa Gold to those looking for a low interest rate credit card. Aside from having a low apr, we also like the fact that they give cardholders 25 days of grace period rather than the usual 20 days. Furthermore, by using a "periodic monthly rate" rather than a "periodic daily rate", your effective apr is actually lower.
The only thing you have to bear in mind is that you need a good credit score to apply for this card. Pulaski Bank is more stringent criteria than most cards because they are offering a very low rate. But for those with good credit, this is one of the best low apr credit cards around.
Positives
| Pulaski Bank Visa Gold | |
| Cost/Fees/Interest rates | |
| Introductory rate | 0% APR on balance transfers for 6 billing cycles (from date of transfer) |
| Annual Fees | No annual fee |
| Purchase APR | Fixed 9.50% |
| Balance Transfer APR | Fixed 9.50% |
| Cash Advance APR | Fixed 9.50% |
| Penalty/Default Rate | 18.00% |
| Min Finance Charge | $1.00 |
| Grace Period | 25 days |
| Balance Calculation Method | Average Daily Balance (including new purchases) |
| Balance Transfer Fee | None |
| Cash Advance fee | None |
| Over-the-credit-limit fee | $29.00 |
| Late Payment fee |
$15.00 - less than $100 $29.00 - $100 to $1000 $35.00 - $1000 and above |