The AT&T Universal Rewards Card is designed for customers who have very good credit and want a credit card that offers an extensive rewards program. It works as both a credit card and a calling card, however, if you choose to use it as a calling card, you may find the rates higher than other calling card services. On the positive side, it offers two free directory assistance calls per month, up to 30 free phone minutes per month, and loss and theft insurance for a wireless phone.

The rewards program offers five points for every dollar spent at supermarkets, gas stations, drugstore, and when purchasing AT&T products and/or services. For all other purchases, one point per dollar spent is earned. The maximum number of points a cardholder can earn per year is 75,000, and they have a five-year expiration date.

The AT&T Universal Rewards card has no annual fee and has an introductory rate of 0% on balance transfers for the first twelve months. For purchases and balance transfers after the introductory period, the rte is 13.57% variable and a minimum cap on cash advances of 19.99% based on the LIBOR rate. The balance transfer fee after the introductory period is 3% with a $5 minimum and $75 maximum, and a cash advance fee of 3% with a minimum of $5.

This card will be the most advantageous to those who plan to utilize the calling card feature, the rewards programs, and the introductory rate on balance transfers. With no annual fee and a reasonably low interest rate for a rewards card, this is quite an attractive package.

The benefits the cardholder can expect to receive from the use of the AT&T Universal Rewards card include the following:

• It can also be used as a calling card

• No liability to the cardholder for unauthorized use

• Online access to account information

• Solutions for identity theft

• Financial statement at year's end

• Travel accident insurance up to $1,000,000

• Assistance with lost luggage

• Insurance for car rental

• Emergency card and cash replacement

• Reporting of lost and stolen cards

• Medical and legal referral services

• Emergency assistance and travel services

• Automatic payment of bills