Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card Review

Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card is a rewards credit card issued by Charter Oak Federal Credit Union. If you're wondering whether Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Competitive APRs. Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card has a variable purchase APR of 9.25%
• 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.
• 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 oods if your credit score is above600.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Identity Theft Protection. Travel accident insurance. Considers applicants with fair or poor credit. Cardholders can earn rewards on their purchases. Charter Oak Federal Credit Union Visa® Platinum Variable 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.

Is there a Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card cash back or rewards program?

Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card offers a rewards program to its customers. This card features rewards for purchases in the following categories:

Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card Rewards

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

What are the Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card benefits?

Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card provides the following benefits:

• Zero fraud liability
• Travel Accident Insurance
• Reports to major credit bureaus

What are the relevant APRs for Charter Oak Federal Credit Union Visa® Platinum Variable 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. Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card has lower than average purchase APRs.

Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card has a variable purchase APR of 9.25%. The card has a variable balance transfer APR of 9.25% . It also has a variable cash advance APR of 9.25% .

What are the fees for Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card?

The following fees apply to Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card:

Charter Oak Federal Credit Union Visa® Platinum Variable 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 Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card report your account activity to credit bureaus?

Yes, Charter Oak Federal Credit Union Visa® Platinum Variable 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 Charter Oak Federal Credit Union Visa® Platinum Variable Credit Card

• Visit the Charter Oak Federal Credit Union Visa® Platinum Variable 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.