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M&T Visa credit card review

M&T Visa credit card review

Published: December 1, 2017
Ratings Policy
Low Interest Rating:
3.7 rating
3.7 rating
3.7 / 5
Rates, Fees, Penalties: 4.0
Rewards: 0.0
Features: 1.0

In a nutshell:

The M&T Visa credit card makes a great value for consumers seeking to transfer a balance due to its lack of a balance transfer fee.

Regular APR
11.24-18.24% (variable)

Introductory Purchase APR
0% for 12 months

Introductory Balance Transfer APR
0% for 12 months


  • No annual fee
  • No balance transfer fee for 3 months; 4% thereafter
  • 3% foreign transaction fee
  • 3% cash advance fee


  • $35 late-payment fee
  • 24.99% penalty APR
  • $25 returned-payment fee

Other Notable Features: Overdraft protection, EMV chip with PIN, M&T Assurance program

As a low interest rate card, offers some pretty decent rates. The regular APR on the card is roughly 30 percent below the industry average. And, it offers one great feature: Its introductory zero percent balance transfer APR also comes with no balance transfer fee. This is a rare credit card benefit. It also has no annual fee, although other fees are rather lofty.

No-fee balance transfer offer

Similar to many of its peers, the M&T Visa credit card offers a zero percent balance transfer APR for 12 months. That would be average at best if M&T didn’t also waive a 4 percent transfer balance fee. It won’t cost you a single penny to transfer money from a high interest rate credit card account. This no-fee offer is available for approximately three months.

Other fees and penalties are a mixed bag

While the M&T Visa is a no-fee card that can save you money on a balance transfer, it can cost you in fees and penalties. On top of a $35 fee for late payments, the card may raise your APR as high as 24.99 percent for missing a single payment. It also charges a hefty $35 fee for returned payments. While there are other cards with higher penalties, there are also many cards that come with no penalty APR or returned-payment fee. If fees are big concern for you, a little shopping can uncover a much better deal.


The APR on this card, which ranges between 11.24 and 18.24 percent, is lower than the industry average. The card also features a 0 percent introductory APR on new purchases, potentially saving hundreds of dollars on interest in the first 12 months if you plan to finance a large purchase.

Chip and PIN technology

The M&T Visa card is the rare U.S. card to come with both an EMV chip and a PIN number. Chip and PIN is the de facto standard in Europe and most of the world due to the higher level of security that it offers. A PIN is convenient for traveling abroad. It makes it easier to pay at an unmanned machine, be it at a train station or a toll booth. Remember, though, that the M&T Visa Credit Card will charge you a 3 percent foreign transaction fee.

No cash back, no rewards

Like many other low APR cards, the M&T Visa credit card doesn’t have a rewards program.

Why get the M&T Visa credit card?

  • You tend to carry a balance want a low interest rate.
  • You’re carrying a large balance on another card and would like to save money on a balance transfer.
  • You are not interested in cash back or rewards.

How to use the M&T Visa credit card:

  • If you use the card to transfer a balance, remember to transfer it within the first two months and pay it off (or as much as possible) during the first 12 months.
  • If you transfer a balance, don’t use the card for purchases and vice versa.
  • Try not to use the M&T Visa credit card abroad – due to the high foreign transaction fee – unless you need to use it in an unmanned machine.

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All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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