Cashback from Huntington® Credit Card Review

When it comes to selecting a credit card, consumers often look for a balance between rewards, fees, and interest rates. The Cashback from Huntington® Credit Card is a straightforward option that offers 1.5% cash back on every purchase with no annual fee. While it lacks some features such as a welcome bonus or an introductory purchase APR, this card can still be a rewarding choice for those who prefer simplicity and consistent rewards. In this detailed review, we’ll explore every aspect of the Cashback from Huntington® Credit Card, helping you decide if it’s the right fit for your wallet.

Cashback from Huntington® Credit Card Key Takeaways

Before diving into the detailed review, let’s summarize the key takeaways for the Cashback from Huntington® Credit Card:
– Cash Back Rewards: Earn 1.5% cash back on every purchase.
– No Annual Fee: Enjoy the benefits without any annual fee.
– Balance Transfer Offer: 0% introductory APR for the first 12 billing cycles on balance transfers made within the first 90 days.
– Variable APR: Purchase APR ranges from 17.24% to 29.24% based on your creditworthiness.
– No Foreign Transaction Fees: Use your card abroad without additional costs.
– Credit Score Requirement: Requires a good to excellent credit score (670-799).

Cashback from Huntington® Credit Card Pros and Cons

Pros

1. No Annual Fee
One of the standout features of the Cashback from Huntington® Credit Card is the absence of an annual fee. This makes it an attractive option for those who want to earn rewards without the burden of an annual charge.
2. No Foreign Transaction Fees
For travelers, this card offers the benefit of no foreign transaction fees. This can save you a significant amount in fees when making purchases abroad.
3. Simple Cash Back Rewards
The flat-rate cash back of 1.5% on every purchase is straightforward and easy to understand. There are no complicated categories or spending caps to keep track of.
4. Balance Transfer Offer
The card offers a 0% introductory APR for the first 12 billing cycles on balance transfers made within the first 90 days. This can be a useful feature for those looking to consolidate debt.
5. Flexible Payment Options
With the ability to manage your account and pay your bill online, the card offers flexibility and convenience in managing your finances.

Cons

1. No Welcome Bonus
Unlike many other credit cards, the Cashback from Huntington® Credit Card does not offer a welcome bonus. This might be a downside for those looking for an initial reward for signing up.
2. No Introductory APR on Purchases
While the card offers an introductory APR on balance transfers, it does not provide the same for purchases. This means you’ll start accruing interest on purchases immediately if you carry a balance.
3. High Variable APR
With a purchase APR ranging from 17.24% to 29.24%, the interest rates can be high, especially for those with lower credit scores. This makes it crucial to pay off your balance each month to avoid costly interest charges.

Cashback from Huntington® Credit Card Benefits

Cash Back Rewards

The primary benefit of the Cashback from Huntington® Credit Card is its straightforward cash back rewards program. Cardholders earn 1.5% cash back on every purchase, with no categories or limits to manage. This makes it an ideal card for those who prefer simplicity and consistent rewards. Whether you’re shopping for groceries, dining out, or paying bills, you’ll earn the same rate on every transaction.

No Annual Fee

The lack of an annual fee is a significant advantage, allowing you to enjoy the card’s benefits without an ongoing cost. This feature makes the card accessible to a broader range of consumers, including those who are fee-averse.

No Foreign Transaction Fees

For frequent travelers, the absence of foreign transaction fees is a considerable benefit. Many credit cards charge a fee of around 3% on purchases made outside the United States. With the Cashback from Huntington® Credit Card, you can save money on international transactions, making it a great companion for your travels.

Balance Transfer Offer

The card offers a 0% introductory APR on balance transfers for the first 12 billing cycles, provided the transfer is made within the first 90 days of account opening. This can be an excellent opportunity to consolidate high-interest debt onto a single card and pay it off without accruing additional interest during the promotional period. However, it’s important to note that a balance transfer fee applies, which is the greater of $10 or 3% of the transfer amount.

Flexible Account Management

The Cashback from Huntington® Credit Card offers convenient online account management, allowing you to pay your bill, view transactions, and monitor your rewards from the comfort of your home. This flexibility can help you stay on top of your finances and ensure timely payments.

Free Credit Score Access

Cardholders have access to their credit score for free, which can be a valuable tool in managing and improving your credit health. Regularly monitoring your credit score can help you identify any potential issues and take corrective actions promptly.

Conclusion

The Cashback from Huntington® Credit Card is a solid choice for consumers seeking a straightforward and rewarding credit card. With its 1.5% cash back on every purchase, no annual fee, and no foreign transaction fees, it offers a range of benefits that can appeal to various types of cardholders. The 0% introductory APR on balance transfers for the first 12 billing cycles is an added advantage, particularly for those looking to consolidate debt.
However, the card does have some drawbacks, including the lack of a welcome bonus and no introductory APR on purchases. Additionally, the high variable APR means that carrying a balance can be costly. Therefore, it’s crucial to pay off your balance in full each month to avoid interest charges.
Overall, the Cashback from Huntington® Credit Card is best suited for individuals with good to excellent credit who value simplicity and consistent rewards. If you’re looking for a no-fuss credit card that offers reliable cash back on every purchase and minimal fees, this card could be an excellent addition to your wallet.
Remember, the best credit card for you depends on your individual financial situation and spending habits. Always compare multiple options and read the fine print before making a decision. Happy spending!