The Public bank credit card provided by the Public Saving Bank is a secure credit card. This offers 0 percent interest rate on any of the purchases for the first six months. In the standard credit cards, customers have to pay the upfront deposit to purchase any item from that credit card. This card is mostly useful for those who have an offensive status and poor credit history. This Public bank credit card is the greatest way to perk up their status and rebuilt their credit rating in banks.
The Public bank credit card has no criteria of credit check. If one is inherently putting $ 300 up to $ 2K fund in the saving banks, then he is capable of purchasing the Public bank credit card. The owner is capable of purchasing product free from the interest for the coming 6 months. Make sure that payment of the purchased product is within the time provided. Otherwise, that will charge money and credit rating. Many customer surveys rated this credit card as the leading credit card. Card is useful for those who have low-credit in their bank history.
Pros listed for the Public bank credit card:
- This card is not as hurtful as many other credit cards it charges only $20 for not paying on time.
- Card has no annual fee deposit system.
- Charges $25 for payment return.
- Provides interest free purchase.
Cons listed in the Public bank credit card:
- Card has activation fee of $75.
- Every time when the customer withdraws money, he has to pay $5 minimum as transition fee.
- Deposit funds do not earn any interest.
- Increasing and decreasing of credit limit will charge the customer $25(after the first year of owning the card).
Conclusion
The Public bank credit card charges high fee for the activation. On every transition from the credit card, the customer has to pay $5 as the transition fee from any ATM. This card offers the customers six months interest free shopping. This Public Credit card comes with low-interest rate, but with many extra fees. The money deposited for Public bank credit card will never return any interest money.
