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Byron Bank Visa® Gold Credit Card review

A simple, run-of-the-mill rewards card.

  • Get this card if you want a card with a low interest rate that can earn rewards.
  • Pick something else if you want a rewards card that earns more rewards per dollar spent.
  • Apply with a good credit score of 670 or higher.
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Up to 1x

Points

$0

Annual fee

12.4%

Purchase APR (variable)

670

Recommended credit score

Details

Annual fee$0
Purchase APR12.4% variable
Balance transfer APR12.4% variable
Minimum Credit Score670
IssuerVisa

Review by


Steven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

The Byron Bank Visa® Gold Credit Card is a rewards card offered by the Illinois-based community bank Byron Bank. In terms of features, it travels light: It earns 1x points on all eligible purchases, carries no annual fee and has a variable APR of 12.4%.

The biggest selling point of the Bryon Bank Visa Gold is the low interest rate and fees. The card’s 12.4% variable APR is quite low compared to the market average of 16%. This rate applies to balance transfers and cash advances as well, which is somewhat unusual in the world of credit cards. The card also charges just 1%% in foreign transaction fees, up to just $25 on late payments and no fees on over-the-limit charges.

Unfortunately, the card’s rewards come up short compared to the competition. You’ll earn just 1x point per dollar spent, which lags behind the rewards offered by other flat reward cards on the market. Rewards are also handled through a separate company, “Rewards!”, which complicates the redemption process more than you’d experience with a major provider.

If you’re an Illinois local and want a card that’s light on fees, the Byron Bank Visa® Gold Credit Card isn’t a bad choice. However, there are plenty of strong options on the market that are also low on fees while delivering bigger rewards and a more user-friendly experience.

How to apply for the Byron Bank Visa® Gold Credit Card

Byron Bank only accepts applications for the Visa Gold Credit Card in person at one of its branches or over the phone. To apply in person, you can do the following.

  1. Go to the provider's site and select Apply now.
  2. Select Borrowing at the top menu bar.
  3. Choose Credit card from the drop-down menu.
  4. Scroll down and select PDF of our credit card application.
  5. Print and fill out this application and bring it with you to a local branch.

Byron Bank Visa® Gold Credit Card benefits

  • Low fees. This card doesn’t charge an annual fee for use. It also charges just $25 for late payments, $27 for returned payments, $0 for over-the-limit charges and 1% in foreign transaction fees.
  • Earn rewards. You’ll earn 1x points per dollar spent on all purchases.
  • Low APR. This card charges 12.4% variable in interest. The market average APR is 16%.

Byron Bank Gold Visa Credit Card drawbacks

  • Low rewards compared to the competition. Most flat-rate rewards cards earn at least 1.5% back on all purchases.
  • Rewards tied to 3rd party. To earn and redeem your rewards, you’ll need to register your card with a third-party rewards company.
  • Small footprint. There are just three Byron Bank locations, all located in the state of Illinois.

Compare other low APR credit cards

Explore your options by purchase APR, balance transfer APR or annual fee. Select the Go to site button for more information about a particular credit card.

1 - 3 of 6
Name Product Purchase APR Balance transfer APR Annual fee Filter values
PenFed Power Cash Rewards Visa Signature® Card
15.99% to 17.99% variable
17.99%
$0
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
PenFed Platinum Rewards Visa Signature® Card
14.49% to 17.99% variable
17.99%
$0
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.
Capital One VentureOne Rewards for Good Credit
Capital One VentureOne Rewards for Good Credit
26.99% variable
26.99% variable
$0
The same rewards and $0 annual fee as the Capital One VentureOne Rewards Credit Card, but for those with good credit.
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Compare up to 4 providers

Byron Bank Visa® Gold Credit Card customer reviews and complaints

Few consumer reviews exist for the Byron Bank Visa Gold card and as of November 2021, Byron Bank has no reviews or rating from the Better Business Bureau. Similarly, the bank is not yet listed on Trustpilot.

Bottom line

The Byron Bank Visa® Gold Credit Card is a reasonable pick if you’re located in the Illinois area and want a card with low fees and a low APR. However, if you’re looking for a rewards credit card, you’ll find more valuable options from the major players on the market.

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