There is no annual fee for the FirstMerit Bank Platinum MasterCard, according to the bank's website. As of April 2015, FirstMerit offers a 0 percent annual percentage rate for the first 12 months from the account's opening date.
After the introductory 12-month period, the card's variable APR is currently listed between 13.24 percent and 19.24 percent depending on the cardholder's creditworthiness, as explained by FirstMerit. In addition to standard MasterCard benefits, FirstMerit also offers a rewards program with their Platinum MasterCard. Cardholders earn four points for every dollar spent on the first $5,000 and five points for every dollar spent over $5,000 in one year.