Cobalt Credit Union Platinum Card

Cobalt Credit Union Platinum Card Review

This is a card issued by Cobalt Credit Union. If you're wondering whether Cobalt Credit Union Platinum 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 18 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 18 months.
• Competitive APRs. Cobalt Credit Union Platinum Card has a variable purchase APR that ranges from 16.99% up to 26.99%.
• 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.
• 3% Balance transfer fee. Cobalt Credit Union Platinum Card charges a fee of 3% on balance transfers, if you transfer the balance within 558 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.
• Multiple credit card benefits. Includes generous credit card perks, such as emergency support, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Cobalt Credit Union Platinum Card

Cobalt Credit Union Platinum Card FAQ

Does Cobalt Credit Union Platinum Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Cobalt Credit Union Platinum Card benefits?

It provides the following benefits:

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

What are the relevant APRs for Cobalt Credit Union Platinum Card?

Cobalt Credit Union Platinum Card has a variable purchase APR that ranges from 16.99% up to 26.99%. The card has a variable balance transfer APR that ranges from 16.99% up to 26.99%. 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.

What are the fees for Cobalt Credit Union Platinum Card?

The following fees apply:

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

Does Cobalt Credit Union Platinum Card report your account activity to credit bureaus?

Yes, Cobalt Credit Union Platinum 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 Platinum Card

• Visit the Cobalt Credit Union Platinum 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.