I checked on the AT&T Universal Card websites and found out they have a new card called AT&T Universal Card Cash Rewards Card. I called their customer service and asked for converting my current card into Cash Rewards without applying . She told me the account number,credit limit and PIN remains the same but APR is lower than my current one. The card rewards terms similar to Citibank Dividend Platinum Card and it is a Platinum Card. I should get my card in next couple of weeks. If you're interested, here is the link: http://www.universalcard.com/us/cards/ucs/cashrew.htm Ron.
Balance transfer APR of 0% for 12 months from the date of the first balance transfer. For Purchases: Prime Rate + 4.99% (9.74% APR as of May 1, 2002). For Cash Advances: Prime Rate + 14.99%, but not less than 19.99% (19.99% APR as of May 1, 2002). If you default under any Card Agreement: Default Rate up to Prime Rate plus 19.99% (24.74% APR as of May 1, 2002). Minimum Finance Charge: 50 cents. Transaction Fee for Cash Advances: 3.0% of the amount of each cash advance, but not less than $5. Transaction Fee for Balance Transfers: 3.0% of the amount of each balance transfer, but not less than $5 or more than $50. However, there is no balance transfer fee with this offer.
Well, I just got off the phone with them. My current rate is only 6.65%, and I hoped they could convert it with no increase in rate, but they can't.
Re: AT&T Universal Card Cash reward I just logged on the accountonline and they changed the account type into Cash Rewards Card. The card looks good. By the way, I don't think you can keep the current rate and actually I got lower rate. The rate is 10.74% and it is actually 1% higher than my old card. Ron.
