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  Cobalt Credit Union Max Cash Preferred Card
Cobalt Credit Union Max Cash Preferred Card Unaffiliated

Cobalt Credit Union Max Cash Preferred Card

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Highlights
Purchase APR  (Variable APR) 17.49% - 27.49%
(Verified 10/28/2022)
Balance Transfer APR  (Variable APR) 17.49% - 27.49%
(Verified 10/28/2022)
Credit Score Range 650 - 850
Annual Fee $0

Cobalt Credit Union Max Cash Preferred Card Review

This is a cashback card issued by Cobalt Credit Union. If you're wondering whether Cobalt Credit Union Cash Preferred 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.
  • $150 bonus (15,000 points) after $500 in eligible net purchases are made within the first 90 days of account opening.
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 27.49%.
  • 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.
  • 3% Balance transfer fee. Cobalt Credit Union Max Cash Preferred Card charges a fee of 3% on balance transfers, if you transfer the balance within 366 days of opening the account. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Cobalt Credit Union Cash Preferred Card

The Good The Bad
  • 0% APR balance transfer intro rate on balance transfers for up to 12 months.
  • No annual fee.
  • Cobalt Credit Union Max Cash Preferred Card reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 2%.
  • Charges a 3% balance transfer fee, if you transfer the balance within 366 days of opening the account.
  • Does not include many credit card benefits.

Cobalt Credit Union Cash Preferred Card FAQ

Does Cobalt Credit Union Cash Preferred 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 relevant APRs for Cobalt Credit Union Cash Preferred 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 higher than average regular APRs.

Cobalt Credit Union Max Cash Preferred Card has a variable purchase APR that ranges from 17.49% up to 27.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 27.49%. It also has a variable cash advance APR of 28.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

Does Cobalt Credit Union Cash Preferred Card have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 12 months.

Cobalt Credit Union Max Cash Preferred Card Balance Transfers
Description
Balance Transfer Fee Intro Period 366 days
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 17.49% - 27.49%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%

Does Cobalt Credit Union Cash Preferred Card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Cobalt Credit Union Cash Preferred Card?

The following fees apply:

  • There is no overlimit fee
Cobalt Credit Union Cash Preferred Card Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $41
Late Payment Fee up to $41

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

Does Cobalt Credit Union Cash Preferred Card have a foreign transaction fee?

Cobalt Credit Union Cash Preferred Card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

What is the customer service phone number for Cobalt Credit Union Cash Preferred Card?

The Cobalt Credit Union Cash Preferred Card customer service number is (800) 228-0392.

What is the support contact email for Cobalt Credit Union Cash Preferred Card?

The support contact email for Cobalt Credit Union Cash Preferred Card is contactcenter@cobaltcu.com.

What is the Cobalt Credit Union Cash Preferred Card login page?

You can access the Cobalt Credit Union Cash Preferred Card login page here.

How do people rate the customer service and user experience of Cobalt Credit Union Cash Preferred Card?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

Does Cobalt Credit Union Max Cash Preferred Card report your account activity to credit bureaus?

Yes, Cobalt Credit Union Max Cash Preferred 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 Cash Preferred Card

  • Visit the Cobalt Credit Union Cash Preferred 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Cobalt Credit Union

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View all credit cards offered by Cobalt Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $10
Cash Advance Fee (%) 5%
Minimum Cash Advance Fee ($) $10
Foreign Currency Transaction Fee 2%
No Annual Fee
Annual Fee $0
Minimum Interest Charge $1
Over-Limit Fee $0
No Interest Grace Period for Late Payment 24 days
Returned Payment Fee Up to $41
Late Fee Amount Up to $41
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Bonus Offer $150 bonus (15,000 points) after $500 in eligible net purchases are made within the first 90 days of account opening.
Rewards Categories
  • 5% Cash Back on Internet / Cable / Phone Services
  • 2% Cash Back on Gas
  • 2% Cash Back on Groceries
  • 2% Cash Back on Restaurants
  • 1% Cash Back on Every Purchase
Cash Advance APR (Variable APR) 28.99%
APR Type Variable APR
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 17.49% - 27.49%
(Verified 10/28/2022)
Balance Transfer Fee Intro Period 366 days
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 17.49% - 27.49%
(Verified 10/28/2022)
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%
Card Type
  • Cashback
  • Bonus Offers
Card Network Visa

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