I’ve managed to get this far with out ever carrying an interest-bearing bank card steadiness. However I’ve taken benefit of extra 0% APR introductory promotions than I can depend although, and I understand how to identify a terrific alternative after I see one.
The Truist Future Credit score Card is such a possibility. Although if I’m being trustworthy, not an earth-shattering one, and one made much less engaging by the cardboard’s different deficiencies.
Nonetheless: In case you’re able to get critical about paying down high-interest bank card balances or have to finance a giant buy and hope to keep away from curiosity within the course of, the Truist Future card is made for you. Right here’s what you must learn about it to make an knowledgeable determination about making use of (or not).
What Is the Truist Future Credit score Card?
The Truist Future Credit score Card is a low APR bank card with a protracted 0% APR buy and steadiness switch promotion stretching 15 months from account opening. It’s designed for individuals who have to switch and pay down high-interest balances from present bank card accounts and people seeking to finance greater purchases whereas minimizing curiosity prices.
The Truist Future card doesn’t have an everyday rewards program, so it’s not acceptable for folks searching for a direct return on spending. But it surely additionally has no annual charge, which implies it gained’t price something to maintain in reserve if and when you must use it.
What Units the Truist Future Credit score Card Aside
The Truist Future Credit score Card isn’t groundbreaking and in reality has no distinctive options that really “set it aside.” Its most distinctive attributes relate to its 0% APR promotion and low ongoing APR:
- 0% APR for 15 Months From Account Opening on Eligible Purchases and Steadiness Transfers. The Truist Future card has matching 15-month 0% APR intro promotions for purchases and steadiness transfers. The promotional fee applies to all purchases made throughout the first 15 months and to steadiness transfers made throughout the first 60 days of account opening (with the 0% APR interval lasting the complete 15 months from account opening).
- Low Ongoing APR. The Truist Future card has a comparatively low ongoing APR, although variable and dependent in your creditworthiness. I at all times counsel in opposition to carrying interest-bearing balances until completely essential, however for those who should, this can be a respectable card to take action with.
- Entry to Truist Offers. Truist Offers is Truist’s in-house procuring and affiliate rewards portal. It’s not groundbreaking by any means, however definitely value testing if you wish to save on purchases you’d make anyway.
Key Options of the Truist Future Credit score Card
Hold studying for extra particulars on the Truist Future card’s essential options, together with its 0% APR promotion and Truist Offers.
Intro APR Supply
The Truist Future Credit score Card has twin 0% APR intro provides for purchases and steadiness transfers. Each stretch 15 months from account opening, however qualifying steadiness transfers should be made throughout the first 60 days.
A 3% steadiness switch charge applies to all eligible steadiness transfers. That’s nonetheless a lot lower than the minimal APR you’d pay on a nonpromotional steadiness switch although.
Ongoing APR
This card’s ongoing APR is variable and credit-dependent. See charges and costs for the most recent APR data.
Essential Charges
This card has no annual charge or overseas transaction charge. Different charges might apply; see charges and costs.
Different Safety and Fee Options
This card comes with some helpful (if kind of customary) safety and cost options:
- Customizable card controls for enhanced safety
- Zero fraud legal responsibility (backed by Visa)
- Contactless cost performance
- Cell pockets compatibility with Apple Pay, Google Pay, and Samsung Pay
Truist’s banner under has extra particulars. Notice that the “further rewards” and “star advantages” options aren’t out there on the Truist Future card.
Credit score Required
This card requires good to glorious credit score. It’s not designed for folks with restricted credit score, nor these with impaired and even honest credit score.
Benefits of the Truist Future Credit score Card
Let’s evaluate the important thing benefits of the Truist Future card.
- Lengthy 0% APR Intro Promotion for Purchases and Steadiness Transfers. That is the Truist Future card’s signature profit and, in my view, the one true promoting level over comparable playing cards.
- Comparatively Low Ongoing APR. In case you should carry an interest-bearing bank card steadiness, that is the cardboard to do it with. Hold it in reserve for emergencies.
- No Annual Price. Not notably uncommon, however undoubtedly welcome, particularly after the 0% APR intro interval ends.
- No Overseas Transaction Price. In case you journey outdoors the U.S. or patronize retailers primarily based abroad, you’ll recognize the 0% overseas transaction charge right here.
- Entry to Truist Offers. Truist Offers isn’t an everyday rewards program, nevertheless it’s the one method to earn a direct return on spending with this card.
Disadvantages of the Truist Future Credit score Card
Take into account these disadvantages earlier than you apply for the Truist Future card.
- No Common Rewards Program. The Truist Future card has no common rewards program. On a regular basis spending gained’t internet you something right here.
- No Spend-Based mostly Welcome Supply. The Truist Future card doesn’t have a spend-based welcome provide both. Some competing 0% APR bank cards provide assertion credit after you clear a predetermined spending threshold in the course of the first 3 or 4 months.
- Few Extra Perks. This card has few value-added advantages to talk of apart from what comes customary with Visa Signature bank cards.
How the Truist Future Credit score Card Stacks Up
Earlier than you apply for the Truist Future Credit score Card, see the way it compares to a different well-liked low APR bank card with a protracted 0% curiosity promotion: the Chase Slate Edge Credit score Card.
| Truist Future | Slate Edge | |
| 0% APR Promotion | 15 months on purchases and steadiness transfers | 18 months on purchases and steadiness transfers |
| Ongoing APR | Comparatively low | Reasonable |
| Potential for Curiosity Charge Discount | No | Sure, with accountable card use over time |
| Annual Price | $0 | $0 |
| Overseas Transaction Price | 0% | 3% |
Ultimate Phrase
The Truist Future Credit score Card is a strong alternative if you must pay down high-interest bank card debt quick or finance a significant buy with out paying curiosity (or a minimum of extra curiosity than you’d like). On this, it’s not notably uncommon and positively not value standing as much as take discover.
And the Truist Future card has some actual drawbacks. It has no common rewards program or sign-up bonus, amongst different deficiencies. I see it as a single-purpose bank card that, after the 0% APR promotional interval ends, is value preserving round just for true emergencies that require you to hold a steadiness past your assertion due date.