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American DreamCard™ Platinum MasterCard®
Issued By: Direct Merchants Bank |
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Get 1,000 Entries Just for Applying
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Refer Friends and Receive 50 Entries for Each Referral and Get a Signing Bonus of 1,000 Entries for Each Referral Who is Approved for the American Dream Card
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Credit Line Up To $25,000
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No Annual Fee
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0% APR on Purchases for the First Five Months
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
0.00% |
5 months |
999.000% |
none |
Purchases |
Very Good |
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Card Info Last Reviewed 2005-11-29 |
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Our Review
The American DreamCard™ Platinum MasterCard®, issued by Direct Merchants Bank, is an ideal credit card for those with very good credit who are looking for an average platinum card with a monthly cash sweepstakes program.
Through the American DreamCard™ Sweepstakes program, one entry is awarded for each dollar spent in purchases, cash advances, or balance transfers. A $25,000 minimum cash prize is awarded monthly.
The card has no annual fee, a 0% introductory rate on purchases for the first five months of membership, and a reasonably low interest rate for purchases. It is important to note that the APR for all transactions is tied to the highest Prime Rate during a three-month period. Therefore, due to this policy, the lowest possible interest rates may not be reached.
Aside from the sweepstakes program, the card does not offer any common benefits that are associated with most platinum status credit cards.
Therefore, those who qualify for the lowest rate offered and will take advantage of the American DreamCard™ Sweepstakes will benefit most from what the American DreamCard™ Platinum MasterCard® has to offer.
Additional Perks
Access to Account Protection Plus for an additional fee.
Various Internet account related services.
See website for additional benefits.
Notations
The APR is based on the highest Prime Rate during a 90-day period.
The minimum APR for purchases is 9.99%.
The minimum APR for cash advances is 19.99%.
The APR for purchases varies according to the applicant's credit history and is either 3.49%, 8.49% or 13.49% + Prime Rate.
The APR for cash advances varies according to the applicant's credit history and is either 13.49%, 14.49% or 19.49% + Prime Rate.
See website for additional APR information.
See website for complete terms and conditions of card usage and application disclosure.
View Website Details
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