American Savings Bank Platinum Edition® Visa Card

Our review of the American Savings Bank Platinum Edition® Visa Card

If you’re a Hawaii resident looking for a no annual fee, balance transfer credit card with a competitive APR and attractive introductory bonuses, the American Savings Bank Platinum Edition® Visa is worth considering.

15 Months, 0% Intro APR

The standout feature of the American Savings Bank Platinum Edition Visa is its impressive 15 months of 0% introductory APR on balance transfers. This extended period of no interest makes it an excellent choice for those looking to pay down existing credit card debt at a lower rate over time.

A Competitive APR After That

After the 15-month introductory period, the interest rates on purchases and balance transfers remain highly competitive. Starting at around 14% for those with excellent credit scores, this rate is more than two percentage points lower than the national average for balance transfer credit cards.

$25 Statement Credit

In addition to the attractive introductory APR, new cardholders can also enjoy a $25 statement credit after making a purchase within the first three months of opening an account. While this may not be as lucrative as bonus points offered by other cards, it’s a valuable perk that only requires a single purchase of any value.

Other Card Features

All American Savings Bank credit cards come with the standard features of Visa Traditional credit cards, including:

• Visa Zero Fraud Liability
• Roadside Dispatch for 24-hour roadside assistance
• Complimentary monthly access to your FICO credit score
• Online account management
• Visa Global Services

Should You Apply for the American Savings Bank Platinum Edition® Visa Card?

Low rate credit cards like the American Savings Bank Platinum Edition® Visa are a popular choice for many consumers. While they may not offer extravagant rewards, they provide a solid interest rate, an introductory APR, and additional perks like the $25 statement credit.

If you’re a Hawaii resident looking for a quality, low-rate credit card with the added benefit of interest-free balance transfers for over a year, the American Savings Bank Platinum Edition® Visa is definitely worth considering. Other similar options from major banks include the Chase Slate Edge, which also offers credit line increases.