People's United Platinum Card Review

Who is the Mastercard Platinum Card for?

The Mastercard Platinum Card is a fantastic choice for those wanting to be free from interest payments or needing to make expensive purchases. With its 0% intro APR on balance transfers and purchases for 20 months, cardmembers can enjoy interest-free debt repayment schedules and finance their purchases. Debts such as student, house, or auto loans can be pushed on to this card to take advantage of its 0% APR. Furthermore, big purchases that you've always been wanting to make can be made on this card so that you can pay back through a longer period of time without having to pay interest.

Additionally, this card offers several benefits and protections such as the ability to check your credit score for free, receive travel assistance, zero fraud liability, and much more.

This credit card comes at no annual cost, making this an even more worthwhile choice. The Mastercard Platinum Card, however, offers no rewards program which can be a deal-breaker for many. In this view, you should largely consider this card if you are looking to take advantage of its 0% intro APR.

0% Intro APR on Balance Transfers and Purchases

This card provides the user with 0% intro APR on balance transfers and purchases for 20 months. 20 months is much longer than what most other credit cards offer for their intro period. With 20 months, you have more time to pay back your debt and purchases. Furthermore, 0% APR for balance transfers is allowed up to 625 days after account opening. Most credit cards that offer similar intro APR on balance transfers don't allow for more than 90 days after account opening to qualify. With this in mind, cardholders can smoothly transition their existing loans to this card without having to be rushed for the intro APR. This card presents one of the best options for those wanting to have leeway in their interest payments and purchases.

No Annual Fee

The fact that this card offers 0% intro APR on balance transfers and purchases while offering a variety of other benefits and protections for no cost, is beyond amazing. Cardholders should greatly take advantage of this no-cost card with its many additional benefits as its 0% intro APR outweighs many competitors.

No Rewards/Cash Back Program

The Mastercard Platinum Rewards Card doesn't have a rewards program or any type of cash back system. While a rewards program could have made this the conventional choice for day to day use, this card shouldn't be ignored for its capstone benefit of 0% intro APR. This card is emphasized more towards its intro APR than it is for using it for daily transactions, and so it would be wiser to use it as such. For those looking to reap rewards from their shopping or dining, this card is not the best choice.

Protections

Zero fraud liability for unauthorized transactions is included in this card which ensures that cardmembers are not liable for fraudulent purchases when this card is lost or stolen. No matter how this card is illegally used, whether it be in a store or online, the cardholder won't have to pay a single penny for any of the purchases made. Cardholders must immediately notify customer service in event of an unauthorized transaction.

Benefits

While the standout feature of this credit card is its intro APR, there are other common benefits that come complimentary with this card as well.

Firstly, you can instantly check your credit score for free. No need to log in to other platforms to check your credit score but a simple login to this card's website allows you to conveniently check your credit rating. This frictionless benefit allows you to keep track of your credit without having to use multiple tools.

Secondly, an auto rental collision damage waiver is included with this card. This waiver provides the cardmember with coverage on the basis for damage due to collision or theft when the rental company's collision damage waiver option is declined and the expenses are charged to this card. 

Thirdly, travel assistance is provided when away from home. Whether needing to replace lost travel tickets or obtain medical and legal referrals, this card provides excellent service to connect you to the right providers.

Lastly, a free extra card comes along when qualified. With this extra card, cardholders can share benefits and have ease of mind knowing they have a backup in case their main card is lost.

Conclusion:

The Mastercard Platinum Card by People's United Bank is a great tool for those looking to ease up their debt payments or spread out big purchases. With no annual fees, the intro APR that this card offers makes it definitely worth applying for if you need a flexible payment schedule and want interest free payments. The extensive 20 months of the intro APR really adds to this card's flexibility as it is one of the highest intro periods in comparison to other cards in the market. Those seeking to use this credit card for purchases, should refrain from doing so as it doesn't provide any incentives such as a rewards program or sign-up bonus. In short, this card should be chosen if you're looking for 0% APR for a lengthy intro period and want the common benefits of owning a credit card.