FORUM Mastercard Credit Card Review

This is a cashback credit card issued by Forum Credit Union. If you're wondering whether FORUM Mastercard Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• Competitive APRs. FORUM Mastercard Credit Card has a variable purchase APR that ranges from 7.24% up to 13.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, 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.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as identity theft protection, purchase protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good	The Bad
Lower than average purchase APRs. Has an introductory APR rate on balance transfers of 2.99%. No balance transfer fee. No annual fee. Multiple credit card perks. Free access to your credit score. Identity Theft Protection. No foreign transaction fee. FORUM Mastercard Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Rewards bonus rate of only 1% on most everyday purchases. Terms apply*.

Does FORUM Mastercard Credit 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. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

What are the FORUM Mastercard Credit Card benefits?

It provides the following benefits:

• Free Credit Score
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for FORUM Mastercard Credit 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. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 7.24% up to 13.24%. The card has a variable balance transfer APR that ranges from 7.24% up to 13.24%. It also has a variable cash advance APR that ranges from 7.24% up to 13.24%.

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

What are the fees for FORUM Mastercard Credit Card?

The following fees apply:

• There is no overlimit fee

FORUM Mastercard Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $25
Late Payment Fee	up to $25

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

Does FORUM Mastercard Credit Card report your account activity to credit bureaus?

Yes, FORUM Mastercard 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 FORUM Mastercard Credit Card

• Visit the FORUM Mastercard 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.