Blue Diamond Visa Signature® Credit Card

Blue Diamond Visa Signature® Credit Card Review

This is a cashback card issued by Bellco Credit Union. If you're wondering whether Blue Diamond Credit Card 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 12 months, which is the average period for 0% APR balance transfer cards.
• Earn a one-time $200 Cash Back Bonus after spending $2,000 in Purchases within the first 90 days from account opening.
• Competitive APRs. Blue Diamond Visa Signature® Credit Card has a variable purchase APR that ranges from 15.25% up to 21%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 4% Balance transfer fee. Blue Diamond Visa Signature® Credit Card charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
• 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.

Pros & Cons of Blue Diamond Credit Card

The Good	The Bad
Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No annual fee. Identity Theft Protection. Blue Diamond Visa Signature® Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 1%. Charges a 4% balance transfer fee.

Blue Diamond Credit Card FAQ

Does Blue Diamond Credit Card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

What are the Blue Diamond Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Blue Diamond Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Blue Diamond Visa Signature® Credit Card has a variable purchase APR that ranges from 15.25% up to 21%. The card has a variable balance transfer APR that ranges from 15.25% up to 21%. It also has a variable cash advance APR of 21% .

What are the fees for Blue Diamond Credit Card?

The following fees apply:

• There is no overlimit fee

Blue Diamond Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	$10
Late Payment Fee	$25

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

Does Blue Diamond Visa Signature® Credit Card report your account activity to credit bureaus?

Yes, Blue Diamond Visa Signature® Credit Card 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 Blue Diamond Credit Card

• Visit the Blue Diamond Credit Card 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.