AMOCO Federal Credit Union Platinum Rewards MasterCard Review

AMOCO Federal Credit Union Platinum Rewards MasterCard is a cashback credit card issued by AMOCO Federal Credit Union. If you're wondering whether AMOCO Federal Credit Union Platinum Rewards MasterCard is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Signup bonus. Offers a signup bonus of 10000 points after spending $3,500 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. AMOCO Federal Credit Union Platinum Rewards MasterCard has a variable purchase APR that ranges from 7.15% up to 18.00%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 6 months. No balance transfer fee. 0% APR on new purchases during the first 6 months. No annual fee. Identity Theft Protection. Considers applicants with fair or poor credit. Cardholders can earn rewards on purchases everywhere AMOCO Federal Credit Union Platinum Rewards MasterCard is accepted. AMOCO Federal Credit Union Platinum Rewards MasterCard reports to multiple credit bureaus.

Charges a foreign transaction fee of 1%. Does not include many credit card benefits.

Is there a AMOCO Federal Credit Union Platinum Rewards MasterCard cash back or rewards program?

AMOCO Federal Credit Union Platinum Rewards MasterCard is a cashback card. This means you earn a percentage of your purchase as a cash reward. With AMOCO Federal Credit Union Platinum Rewards MasterCard you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

AMOCO Federal Credit Union Platinum Rewards MasterCard Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	10000
Signup Bonus Spend Requirement	$3500
Signup Bonus Spend Period (months)	3 months

What are the AMOCO Federal Credit Union Platinum Rewards MasterCard benefits?

AMOCO Federal Credit Union Platinum Rewards MasterCard provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for AMOCO Federal Credit Union Platinum Rewards MasterCard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. AMOCO Federal Credit Union Platinum Rewards MasterCard has lower than average purchase APRs.

AMOCO Federal Credit Union Platinum Rewards MasterCard has a variable purchase APR that ranges from 7.15% up to 18.00%. The card has a variable balance transfer APR that ranges from 7.15% up to 18.00%. It also has a variable cash advance APR that ranges from 8.15% up to 18.00%.

What are the fees for AMOCO Federal Credit Union Platinum Rewards MasterCard?

The following fees apply to AMOCO Federal Credit Union Platinum Rewards MasterCard:

• There is no overlimit fee

AMOCO Federal Credit Union Platinum Rewards MasterCard Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	up to $30
Late Payment Fee	up to $25

Does AMOCO Federal Credit Union Platinum Rewards MasterCard report your account activity to credit bureaus?

Yes, AMOCO Federal Credit Union Platinum Rewards MasterCard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for AMOCO Federal Credit Union Platinum Rewards MasterCard

• Visit the AMOCO Federal Credit Union Platinum Rewards MasterCard website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.