Verdict: The Visa Signature with Maximum Rewards Card offered by First National Bank of Omaha is designed for those consumers who aren’t shy about using their credit cards. Those consumers who use their cards to pay for everything from gasoline to groceries to quick fast-food lunches can quickly earn rewards points with this card. And they can do it with a purchase interest rate that is below the average for consumer credit cards.

Overview: This card comes with no annual fee. The other fees associated with it are standard for the consumer credit card industry. But be careful of making late payments or sending in a payment that has to be returned. These actions trigger the card’s penalty interest rate, which is a high 29.99 percent.

How This Card Works: This Visa Signature card comes with a straightforward rewards program: You’ll earn rewards points for every purchase that you make with the card. You can then redeem these points for gift certificates, merchandise or travel on any major airline. To redeem your points, you’ll log onto the Visa Signature Maximum Rewards Guide, a type of online shopping mall for rewards card owners.


Travel and Shopping Benefits: You’ll earn one-and-a-half rewards points for every dollar that you charge with this card. You can earn as many points as you like; this card does not limit the number of points you can earn during a billing period.

Fees: The purchase interest rate with the Visa Signature with Maximum Rewards card is a fair 13.99 percent. Cash advances cost either $15 or 5 percent of the advance amount, whichever figure comes in higher. Both late-payment and returned-payment fees can hit up to $35. There is no annual fee with this card. Again, though, be careful of paying late: You don’t want to be saddled with this card’s penalty interest rate of nearly 30 percent.

Pros:

  • No annual fee.
  • Generous, and straightforward, rewards program.
  • Can cash in rewards for gift cards, merchandise or airline tickets.

Cons:

  • Penalty interest rate can hit nearly 30 percent.
  • Late-payment and returned-payment fees of up to $35.