The Direct Rewards Platinum card offers many benefits for card users, including an introductory zero percent APR and no annual fee as well as reward points, according to Finance Globe. The first nine months after the issuance of the card and creation of the account constitute the introductory period.
The zero percent APR for the introductory period includes balance transfers from other credit cards. After the introductory period, the APR varies between 9.99 percent and 20.99 percent as of 2015. The average APR after the introductory period is 14.99 percent. In addition, the Direct Rewards Platinum card offers cardholders the opportunity to earn one reward point for every dollar spent and then use accumulated reward points to purchase gift cards and certificates for various participating merchants, explains Finance Globe.
Direct Rewards Platinum cardholders can access their credit card accounts online 24 hours a day, seven days a week. If credit card charges appear from an unauthorized user, the cardholder is not liable for the charges made on the account by that person, according to Finance Global.
Applicants need a good credit rating for approval for the Direct Rewards Platinum card. As an additional benefit, this card offers account holders a 20-day grace period on late payments, notes Finance Globe.