Are you looking for an online bank with a credit card that you can apply for, and work with, online? The Radius Bank Rewards credit card is a good option to consider.
Radius Bank is an online-only bank. It offers a full banking service online including personal credit cards. The Radius Bank Rewards credit card offers introductory rates and no annual fees.
We’ve had a look at what the Radius Bank Rewards credit card offers, and gladly share this information with you.
Radius Bank Rewards Credit Card: Features
The Radius Bank Rewards credit card offers real awards and benefits. It offers a no-cap, no-limit rewards points program. You can earn as many points as you can. You get five years to redeem them. After you’ve signed up, you’ll receive a bonus reward. After your first purchase, you'll get 2,500 bonus rewards points. You earn 1.5 points for every $1 spent on eligible purchases. This is equal to 1.5% cashback.
The card gives you the option to choose the reward categories yourself. Points can be redeemed for cash back, travel, merchandise, or gift cards. The card offers an introductory APR* for purchases and balance transfers of 0% for the first 20 billing cycles. After that, the APR will be from 13.49% to 23.49%, based on your creditworthiness. You also have no annual fee to pay.
Pros and Cons of the Radius Bank Rewards Credit Card
It is a great pro that you don’t have to pay an annual fee for this card. You could take home 2,500 bonus points after your first purchase. For your convenience, the mobile banking app, Radius Mobile, is available on Google Play and the App Store. You can enjoy peace of mind with chip-enhanced acceptance of your Radius Bank Rewards credit card. The card also offers zero fraud liability, emergency card replacement, travel and emergency assistance, extended purchase warranties, and 24/7 U.S.-based customer service.
The only actual con is that if you are a person who likes to visit a bank’s branch and speak face-to-face with bank officials, this card from an online-only bank might not be for you. It is also a con that rewards points are only valid for 5 years.
Radius Bank Rewards Credit Card: Fees and Rates
- Annual fee: None
- APR – purchases: 0% introductory for 20 billing cycles, then 13.49% - 23.49%, variable
- APR – balance transfers: 0% introductory for 20 billing cycles, then 13.49% - 23.49%, variable
- APR – cash advances 23.99%
- Balance transfer fee: 3% or $5, whichever is the greatest
- Convenience check cash advance: 3% or $5, whichever is the greatest
- Cash advance – ATM: 4% or $10 whichever is the greatest
- Cash advance: 4% or $10 whichever is the greatest
- Cash equivalent advance: 4% or $20 whichever is the greatest
- Foreign transactions 1: 2% on transactions in US dollar
- Foreign transactions 2: 3% on transactions in foreign currencies
- Late payment fee: $40
- Returned payment fee: $35
Radius Bank Rewards Credit Card: Eligibility
You can apply for the Radius Bank Rewards credit card if you are a U.S. citizen or legal permanent resident, is at least 18 years old, have a social security number, have a U.S. street address, and have a U.S. bank account to fund your account.
How to Get the Radius Bank Rewards Credit Card?
You can only apply online. Go to the website and click on the link to apply. You’ll have to complete the online application form. Personal information like your full name, residential address, and email address will be required. Details regarding your source of income will also be needed.
Radius Bank Rewards Credit Card: Address and Contact
As a fully online bank, it can be reached on their website. The bank’s head office is situated at 1 Harbor Street, Ste 102, Boston, Massachusetts. It can be reached by telephone on 8802420272.
The Radius Bank Rewards credit card is ideal for people looking for full online service and banking. If you qualify, we recommend that you apply for this card.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the Radius Bank Rewards credit card’s terms and conditions before agreeing on anything.