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  BayPort Credit Union Mastercard® Platinum Preferred

BayPort Credit Union Mastercard® Platinum Preferred

in Personal Credit Cards from BayPort Credit Union

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BayPort Credit Union Mastercard® Platinum Preferred

Unaffiliated

in Personal Credit Cards from BayPort Credit Union

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Highlights
Purchase APR  (Variable APR) 7.99% - 17.49%
Balance Transfer APR  (Variable APR) 7.99% - 17.49%
Credit Score Range 600 - 850
Annual Fee $0

BayPort Credit Union Mastercard® Platinum Preferred Review

BayPort Credit Union Mastercard® Platinum Preferred is a credit card issued by BayPort Credit Union. If you're wondering whether BayPort Credit Union Mastercard® Platinum Preferred is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Competitive APRs. BayPort Credit Union Mastercard® Platinum Preferred has a variable purchase APR that ranges from 7.99% up to 17.49%.
  • 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.
  • $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 1.10% every time you make a transaction outside the U.S.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.
BayPort Credit Union Mastercard® Platinum Preferred Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 3.99%.
  • No balance transfer fee.
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • Considers applicants with fair or poor credit.
  • BayPort Credit Union Mastercard® Platinum Preferred reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1.10%.
  • You don't earn rewards on every purchase.
BayPort Credit Union Mastercard® Platinum Preferred FAQ

Is there a BayPort Credit Union Mastercard® Platinum Preferred cash back or rewards program?

No, BayPort Credit Union Mastercard® Platinum Preferred does not offer a rewards program.

What are the BayPort Credit Union Mastercard® Platinum Preferred benefits?

BayPort Credit Union Mastercard® Platinum Preferred provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Zero fraud liability
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for BayPort Credit Union Mastercard® Platinum Preferred?

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

BayPort Credit Union Mastercard® Platinum Preferred has a variable purchase APR that ranges from 7.99% up to 17.49%. The card has a variable balance transfer APR that ranges from 7.99% up to 17.49%. It also has a variable cash advance APR that ranges from 7.99% up to 17.49%.

The good news is this card does not charge a penalty APR if you are late on a payment.

Does BayPort Credit Union Mastercard® Platinum Preferred have an introductory APR offer on balance transfers?

Yes, BayPort Credit Union Mastercard® Platinum Preferred offers an introductory APR rate on balance transfers of 3.99% for a period of up to 12 months.

BayPort Credit Union Mastercard® Platinum Preferred Balance Transfers
Description
Balance Transfer Fee % After Intro Period 0%
Balance Transfer Introductory APR 3.99%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 7.99% - 17.49%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%

Does BayPort Credit Union Mastercard® Platinum Preferred have an introductory APR offer on new purchases?

BayPort Credit Union Mastercard® Platinum Preferred does not offer an introductory rate on new purchases.
BayPort Credit Union Mastercard® Platinum Preferred Purchase Intro Offer
Description

What are the fees for BayPort Credit Union Mastercard® Platinum Preferred?

The following fees apply to BayPort Credit Union Mastercard® Platinum Preferred:

BayPort Credit Union Mastercard® Platinum Preferred Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1.10%
Returned Payment Fee up to $20.00
Late Payment Fee up to $20.00

Does BayPort Credit Union Mastercard® Platinum Preferred have a foreign transaction fee?

BayPort Credit Union Mastercard® Platinum Preferred charges a foreign transaction fee of 1.10%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $22. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does BayPort Credit Union Mastercard® Platinum Preferred report your account activity to credit bureaus?

Yes, BayPort Credit Union Mastercard® 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 BayPort Credit Union Mastercard® Platinum Preferred

  • Visit the BayPort Credit Union Mastercard® 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   One BayPort Way, Suite 350
    Newport News, VA 23606
  •   Visit Site

Other Services by BayPort Credit Union

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $0
Cash Advance Fee (%) 0%
Minimum Cash Advance Fee ($) $0
No Annual Fee
Annual Fee $0
Minimum Interest Charge $0
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 1.10%
Returned Payment Fee Up to $20.00
Late Fee Amount Up to $20.00
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Identity Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Rewards Type No Rewards
Cash Advance APR (Variable APR) 7.99% - 17.49%
Balance Computation "average daily balance (including new purchases)."
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 7.99% - 17.49%
Balance Transfer Fee % After Intro Period 0%
Balance Transfer Introductory APR (Variable APR) 3.99%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 7.99% - 17.49%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Balance Transfer
  • Low Interest
Card Network Mastercard

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