APGFCU Visa Platinum Preferred

APGFCU Visa Platinum Preferred Review

This is a card issued by APG Federal Credit Union. If you're wondering whether APGFCU Visa Platinum Preferred is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer 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 15 months.
• Competitive APRs. APGFCU Visa Platinum Preferred has a variable purchase APR that ranges from 11.24% up to 17.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. APGFCU Visa Platinum Preferred charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
• 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 will have good approval odds if your credit score is above 650.

Pros & Cons of APGFCU Visa Platinum Preferred

APGFCU Visa Platinum Preferred FAQ

Does APGFCU Visa Platinum Preferred have a cash back or rewards program?

No, it does not offer a rewards program.

What are the APGFCU Visa Platinum Preferred benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for APGFCU Visa Platinum Preferred?

APGFCU Visa Platinum Preferred has a variable purchase APR that ranges from 11.24% up to 17.99%. The card has a variable balance transfer APR that ranges from 11.24% up to 17.99%. It also has a variable cash advance APR that ranges from 11.24% up to 17.99%. Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for APGFCU Visa Platinum Preferred?

The following fees apply:

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does APGFCU Visa Platinum Preferred report your account activity to credit bureaus?

Yes, APGFCU Visa Platinum Preferred 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 APGFCU Visa Platinum Preferred

• Visit the APGFCU Visa Platinum Preferred 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.