Commonwealth Credit Union Visa Platinum Secured

Commonwealth Credit Union Visa Platinum Secured Review

This is a rewards card issued by CommonWealth Credit Union. If you're wondering whether Commonwealth Credit Union Visa Platinum Secured 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 6 months , which is shorter 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 6 months.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 7.99%.
• Accepts cosigners. CommonWealth Credit Union is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
• Multiple credit card benefits. Includes generous credit card perks, such as airline credit, access to a concierge, emergency support, identity theft protection, price protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of Commonwealth Credit Union Visa Platinum Secured

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 6 months. No balance transfer fee. 0% APR on new purchases during the first 6 months. There is then a variable purchase APR starting at 7.99% . Multiple credit card perks. Airline Credit. Access to a concierge. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. Considers applicants with fair credit. Cardholders can earn rewards on their purchases. Commonwealth Credit Union Visa Platinum Secured reports to multiple credit bureaus.

Does not offer a signup bonus.

Commonwealth Credit Union Visa Platinum Secured FAQ

Does Commonwealth Credit Union Visa Platinum Secured have a cash back or rewards program?

Commonwealth Credit Union Visa Platinum Secured is a travel rewards card.

Commonwealth Credit Union Visa Platinum Secured Rewards

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

What are the Commonwealth Credit Union Visa Platinum Secured benefits?

It provides the following benefits:

• Emergency Support
• Trip Cancellation Insurance
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Commonwealth Credit Union Visa Platinum Secured?

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 lower than average regular APRs.

Commonwealth Credit Union Visa Platinum Secured has a variable purchase APR starting at 7.99% . The card has a variable balance transfer APR starting at 7.99% . It also has a variable cash advance APR starting at 18% .

What are the fees for Commonwealth Credit Union Visa Platinum Secured?

The following fees apply:

Commonwealth Credit Union Visa Platinum Secured Fees

Fees	Amount
Annual Fee
Returned Payment Fee	up to $27

Does Commonwealth Credit Union Visa Platinum Secured report your account activity to credit bureaus?

Yes, Commonwealth Credit Union Visa Platinum Secured 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 Commonwealth Credit Union Visa Platinum Secured

• Visit the Commonwealth Credit Union Visa Platinum Secured 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.