Casey’s Visa Signature® Credit Card Review

In today’s world of diverse financial products, selecting the right credit card can be a daunting task. Each card carries its unique perks, rewards, and conditions that appeal to different types of consumers. One card that has piqued the interest of many, especially frequent shoppers at Casey’s, is the Casey’s Visa Signature® Credit Card. This review aims to delve deep into the features, benefits, and overall value of the Casey’s Visa Signature® Credit Card, offering insights from a financial expert’s perspective.

Casey’s Visa Signature® Credit Card Key Takeaways

The Casey’s Visa Signature® Credit Card is designed with the frequent Casey’s shopper in mind. Here are the key highlights that potential cardholders should know:
– Cash Back Rewards:
– 2% Cash Back on purchases at Casey’s locations.
– 1% Cash Back on all other purchases.
– Introductory Offers:
– Up to 4% Cash Back on purchases at Casey’s for the first 60 days.
– 2% Cash Back on all other purchases for the first 60 days.
– Save up to 10 cents per gallon for the first 60 days.
– Annual Fee: $0
– Variable APR: 19.49% – 29.49% for purchases and balance transfers.
– Intro APR: 0% Introductory APR for the first 12 billing cycles on balance transfers made within 60 days of account opening.
– Credit Score Requirement: Good to Excellent (670-799).
– Travel Benefits: Auto Rental Insurance and Travel Assistance Services.

Casey’s Visa Signature® Credit Card Pros and Cons

Pros

– No Annual Fee: One of the standout features of the Casey’s Visa Signature® Credit Card is the absence of an annual fee, making it a cost-effective choice for cardholders.
– Introductory Cash Back Offers: For new cardholders, the first 60 days come with enhanced cash back rewards, providing significant savings and value.
– Balance Transfer Introductory APR: The 0% introductory APR on balance transfers for the first 12 billing cycles can be a great way to manage existing debt.
– Travel Benefits: The card offers Auto Rental Insurance and Travel Assistance Services, which can be particularly useful for frequent travelers.

Cons

– High Variable APR: With a variable APR ranging from 19.49% to 29.49%, carrying a balance on this card can become expensive.
– Foreign Transaction Fee: The card incurs a fee for foreign transactions, making it less ideal for international use.
– Limited High Cash Back Categories: While the cash back rates at Casey’s are attractive, the 1% cash back on all other purchases is relatively modest compared to other cash back cards on the market.

Casey’s Visa Signature® Credit Card Benefits

Cash Back Rewards

The primary allure of the Casey’s Visa Signature® Credit Card is its cash back rewards program. For those who regularly shop at Casey’s locations, the 2% cash back on purchases is a significant incentive. Additionally, the introductory offer of 4% cash back at Casey’s for the first 60 days can provide substantial savings, especially for new cardholders who plan on making significant purchases during this period. The 2% cash back on all other purchases during the first 60 days further enhances the card’s attractiveness.

Travel Benefits

For frequent travelers, the Casey’s Visa Signature® Credit Card offers several valuable benefits:
– Auto Rental Insurance: When you use your Casey’s Visa Signature® Credit Card to pay for a car rental, you are covered for damages due to collision or theft, providing peace of mind and potential savings on rental insurance fees.
– Travel Assistance Services: Cardholders can access a range of travel assistance services, including pre-trip planning, legal referrals, and medical referrals. These services can be particularly valuable when traveling abroad or to unfamiliar destinations.

Balance Transfer Offer

The 0% introductory APR on balance transfers for the first 12 billing cycles is a notable feature for those looking to manage existing debt. By transferring balances from high-interest credit cards to the Casey’s Visa Signature® Credit Card, cardholders can take advantage of the interest-free period to pay down their debt more effectively. However, it is essential to note that balance transfers must be made within the first 60 days of account opening to qualify for the introductory rate.

No Annual Fee

The absence of an annual fee is a significant advantage, making the Casey’s Visa Signature® Credit Card a cost-effective option for those looking to earn cash back rewards without the burden of an annual fee. This feature enhances the overall value of the card and makes it accessible to a broader range of consumers.

Fuel Savings

For the first 60 days, cardholders can save up to 10 cents per gallon on fuel purchases at Casey’s locations. This benefit can add up to substantial savings, especially for those who frequently fill up their tanks at Casey’s.

Purchase and Balance Transfer APR

While the card’s purchase and balance transfer APR range from 19.49% to 29.49%, it is essential for potential cardholders to consider their ability to pay off balances in full each month. For those who can do so, the high APR may not be a significant concern. However, carrying a balance on this card can become costly due to the high-interest rates.

Rate and Fee Information

Understanding the rate and fee structure of the Casey’s Visa Signature® Credit Card is crucial for making an informed decision. Here is a detailed look at the various rates and fees associated with the card:

Purchase Intro APR

– None: The card does not offer an introductory APR on purchases, meaning that any purchases made will be subject to the regular variable APR.

Purchase APR

– 19.49% – 29.49% Variable: The purchase APR is variable and can vary based on the Prime Rate and the cardholder’s creditworthiness.

Intro Balance Transfer APR

– 0% Introductory APR for the first 12 billing cycles: This introductory rate applies to balance transfers made within the first 60 days of account opening.

Balance Transfer APR

– 19.49% – 29.49% Variable: After the introductory period, balance transfers will be subject to the regular variable APR.

APR for Cash Advances

– 31.49% Variable: Cash advances incur a significantly higher APR, making them an expensive option for accessing cash.

How to Avoid Paying Interest

To avoid paying interest on purchases, cardholders should pay their entire balance by the due date each month. The due date is at least 21 days after the close of each billing cycle. It is important to note that interest on cash advances and balance transfers generally accrues from the transaction date.

Fees

– Annual Fee: $0
– Balance Transfer Fee: 3% of the amount of the balance transfer, with a $15 minimum and no maximum.
– Cash Advance Fee: 3% of the amount of the cash advance, with a $15 minimum and a $50 maximum.
– Return Payment Fee: Up to $38
– Late Payment Fee: Up to $38

Conclusion

The Casey’s Visa Signature® Credit Card offers a range of benefits that make it an attractive option for frequent shoppers at Casey’s locations. The 2% cash back on purchases at Casey’s, coupled with the introductory offers of up to 4% cash back and fuel savings, provides significant value for new cardholders. Additionally, the absence of an annual fee and the travel benefits further enhance the card’s appeal.
However, potential cardholders should be mindful of the high variable APR, particularly if they plan to carry a balance. The foreign transaction fee also makes this card less suitable for international use. As with any financial product, it is essential to consider individual spending habits and financial goals when evaluating the Casey’s Visa Signature® Credit Card.
Overall, the Casey’s Visa Signature® Credit Card is a solid choice for Casey’s loyal customers seeking to maximize their rewards and benefits. By leveraging the introductory offers and managing balances effectively, cardholders can enjoy substantial savings and value from this card.