Great Western rolled out two new VISA cards to their product line in late October, a long term low rate card and a secured card. The new cards, issued by Associates National Bank, are initially targeted to GW’s main customer bases, California and Florida.
The long-term-low-rate card, the Frontier VISA, offers an ongoing rate of prime +3.75% for purchases (currently 12.5%) and prime +5.75% for cash advances (14.5%). Great Western’s Frontier VISA carries an $18 annual fee (for classic and gold) and offers a low introductory rate of 8.75% for the first six months. Overall the Frontier VISA represents a 30% discount off the national average rate of 18%.
The Great Western Secured VISA card offers a credit line equal to 100% of the deposit ($300 minimum/$5,000 maximum) and after 18 months of reliable payment performance, a full or partial graduation to unsecured credit. The APR is prime +11.3%, currently 20.05% and a $35 annual fee.
The new cards supplement the existing Great Western Rebate VISA card which offers a 3% cash rebate on net purchase volume any time a balance is carried forward. The rebate card also offers a 1.5% cash rebate for balance transfers made within the first sixty days of opening the account.
The Great Western card programs represent a full
menu, something for
everyone, from the lowest risk customers to the highest risk customers.
For additional information: 1-800-GW-ASK-US.
