Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card Review

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card is a rewards credit card issued by Charlotte Metro Credit Union. If you're wondering whether Charlotte Metro Federal Credit Union Visa Platinum Rewards 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 for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card has a variable purchase APR of 14.95%
• 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.
• $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.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, identity theft protection, and fraud protection.
• Fair or better credit required. You will have good approval oods if your credit score is above600.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. 0% APR on new purchases during the first 12 months. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Identity Theft Protection. Considers applicants with fair or poor credit. Cardholders can earn rewards on purchases everywhere Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card is accepted. Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Charges a foreign transaction fee of 1%.

Is there a Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card cash back or rewards program?

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card offers a rewards program to its customers.

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A

What are the Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card benefits?

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Cellular Telephone Protection
• Reports to major credit bureaus

What are the relevant APRs for Charlotte Metro Federal Credit Union Visa Platinum Rewards 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. Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card has lower than average purchase APRs.

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card has a variable purchase APR of 14.95%. The card has a variable balance transfer APR that ranges from 9.65% up to 12.95%. It also has a variable cash advance APR that ranges from 9.65% up to 12.95%. Note that late payments are subject to an APR of 17.95% 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 Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card?

The following fees apply to Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card:

Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card Fees

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

Does Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card report your account activity to credit bureaus?

Yes, Charlotte Metro Federal Credit Union Visa Platinum Rewards 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 Charlotte Metro Federal Credit Union Visa Platinum Rewards Credit Card

• Visit the Charlotte Metro Federal Credit Union Visa Platinum Rewards 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.