Centra Credit Union Visa® Platinum Secured Credit Card Review

Centra Credit Union Visa® Platinum Secured Credit Card is a secured credit card rewards credit card issued by Centra Credit Union. If you're wondering whether Centra Credit Union Visa® Platinum Secured Credit Card 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.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
• Competitive APRs. Centra Credit Union Visa® Platinum Secured Credit Card has a variable purchase APR that ranges from 8.99% up to 14.25%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 2% Balance transfer fee. Centra Credit Union Visa® Platinum Secured Credit Card charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $20 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.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers . 0% APR on new purchases . 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. Cardholders can earn rewards on their purchases. Centra Credit Union Visa® Platinum Secured Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase. Charges a 2% balance transfer fee.

Is there a Centra Credit Union Visa® Platinum Secured Credit Card cash back or rewards program?

Centra Credit Union Visa® Platinum Secured Credit Card offers a rewards program to its customers.

Centra Credit Union Visa® Platinum Secured Credit Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A

What are the Centra Credit Union Visa® Platinum Secured Credit Card benefits?

Centra Credit Union Visa® Platinum Secured Credit Card 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 Centra Credit Union Visa® Platinum Secured Credit Card?

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

Centra Credit Union Visa® Platinum Secured Credit Card has a variable purchase APR that ranges from 8.99% up to 14.25%. The card has a variable balance transfer APR that ranges from 8.99% up to 14.25%. It also has a variable cash advance APR that ranges from 8.99% up to 14.25%.

What are the fees for Centra Credit Union Visa® Platinum Secured Credit Card?

The following fees apply to Centra Credit Union Visa® Platinum Secured Credit Card:

Centra Credit Union Visa® Platinum Secured Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	$0
Late Payment Fee	up to $18

Does Centra Credit Union Visa® Platinum Secured Credit Card report your account activity to credit bureaus?

Yes, Centra Credit Union Visa® Platinum Secured 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 Centra Credit Union Visa® Platinum Secured Credit Card

• Visit the Centra Credit Union Visa® Platinum Secured 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.