Celtic Bank, headquartered in Salt Lake City, specializes in providing financing solutions for small businesses. The bank offers a range of credit cards tailored to different needs, from establishing credit to earning rewards. Some of the credit cards issued by Celtic Bank include:
– The Indigo Platinum Mastercard: This unsecured credit card reports your payment activity to all three major credit bureaus. However, it comes with high costs, including an annual fee of $175 for the first year, $49 thereafter, and a monthly fee of $12.50 after the first year. The interest rate is nearly 36%.
– The Reflex® Platinum Mastercard®: This card offers a credit limit of $300 to $1,000, which can double if you make your first six monthly payments on time. It also reports your activity to the credit bureaus. The annual fee ranges from $75 to $125, with a monthly maintenance fee of $12.50 after the first year for credit limits of $300 or $500. The ongoing APR is 35.90%.
– The Surge® Platinum Mastercard®: Similar to the Reflex® card, the Surge® card provides a credit limit of $300 to $1,000 that doubles with timely payments. It also reports to the credit bureaus. The annual fee ranges from $75 to $125, with a monthly maintenance fee of $12.50 after the first year for credit limits of $300 or $500. The ongoing APR is 35.90%.
Celtic Bank also offers credit cards for earning rewards, such as:
– The Rocket Visa Signature® Card: This card allows you to earn 5 Rocket Rewards points per $1 spent, with a sign-up bonus of a $200 statement credit when you spend $3,000 in the first 90 days.
– The AMC Entertainment Visa Card: This card rewards movie enthusiasts with points for spending at AMC theaters, dining, gas, and groceries. New cardholders can earn $50 AMC Stubs Bonus Bucks by spending $50 within the first 3 months.
– Deserve’s Digital First Card: This card offers cash-back rewards based on your spending amount, starting at 1% for purchases up to $500 and increasing to 1.5% for purchases over $1,000 in a billing cycle.
In conclusion, while Celtic Bank’s credit cards may have some benefits, there are other options available with better rewards and lower fees. It’s essential to explore all options before choosing a credit card to ensure it aligns with your financial goals.