Cobalt Credit Union Classic Visa Credit Card Review

Cobalt Credit Union Classic Visa Credit Card is a credit card issued by Cobalt Credit Union. If you're wondering whether Cobalt Credit Union Classic Visa Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Competitive APRs. Cobalt Credit Union Classic Visa Credit Card has a variable purchase APR that ranges from 9.75% up to 17.99%.
• 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.
• 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. Has an introductory APR rate on balance transfers of 1.99%. No balance transfer fee. No annual fee. Considers applicants with fair or poor credit. Cobalt Credit Union Classic Visa Credit Card 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%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a Cobalt Credit Union Classic Visa Credit Card cash back or rewards program?

No, Cobalt Credit Union Classic Visa Credit Card does not offer a rewards program.

What are the Cobalt Credit Union Classic Visa Credit Card benefits?

Cobalt Credit Union Classic Visa Credit Card provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Cobalt Credit Union Classic Visa 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. Cobalt Credit Union Classic Visa Credit Card has lower than average purchase APRs.

Cobalt Credit Union Classic Visa Credit Card has a variable purchase APR that ranges from 9.75% up to 17.99%. The card has a variable balance transfer APR that ranges from 9.75% up to 17.99%. It also has a variable cash advance APR that ranges from 12.75% up to 17.99%. Note that late payments are subject to an APR of 17.99% 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 Cobalt Credit Union Classic Visa Credit Card?

The following fees apply to Cobalt Credit Union Classic Visa Credit Card:

Cobalt Credit Union Classic Visa 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 Cobalt Credit Union Classic Visa Credit Card report your account activity to credit bureaus?

Yes, Cobalt Credit Union Classic Visa 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 Cobalt Credit Union Classic Visa Credit Card

• Visit the Cobalt Credit Union Classic Visa 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.