Verdict: The IBERIABANK Visa Classic has an extremely low APR and requires an excellent credit rating. This card is great if you like to carry a small balance, allowing you to take advantage of an APR as low as 6.25%. If you don’t care for rewards and value low interest and no annual fees, the Iberiabank Visa Classic is the best card for you.

Overview:
The IBERIABANK Visa Classic is only for consumers with excellent credit and the ability to provide proof of income and a minimum 2 years of employment history. This card has an interest rate as low as 6.25% and has high credit limits. You also get a 0% APR for 6 billing periods on balance transfers.

How This Card Works:
This card is good wherever Visa is accepted. Your membership comes with online account management. There is no annual fee associated with this card and your interest rate will vary between 6.25% and 8.25% based on your credit history. Be aware that this credit card is only for people with excellent credit history that can show proof of income during the application along with two years of employment history.

Shopping and Travel Benefits:
There are no shopping or travel benefits for the Iberiabank Visa Classic card.

Fees:
There is no annual fee for the Iberiabank Visa Classic card. A 0% introductory APR on balance transfers for your first 6 billing cycles, applying to balance transfers completed during your first 90 days. There is no transaction fee for balance transfers. There is a low, variable APR of 6.25%, 7.25%, or 8.25%, based on credit history. The cash advance APR will be 10.25%, 11.25%, or 12.25%, also based on credit. The default rate is 22.00% for all balances. A transaction fee for cash advances applies at a rate of 5% the amount, not to be less than $5 nor more than $100. Late fees are as follows: $15 for balances under $100, $29 for balances between $100 and $1,000, and $35 for balances over $1,000. The over the credit limit fee is $35 and the returned check fee is $29. There is a 25 day grace period.

Pros:

• No annual fee.
• Very low APR.
• No transaction fee on balance transfers.
• 0% introductory APR for balance transfers for 6 billing cycles.

Cons:

• None.

Apply for the IBERIABANK Visa Classic.

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