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  Founders Federal Credit Union Preferred No Frills Visa Credit Card

Founders Federal Credit Union Preferred No Frills Visa Credit Card

in Personal Credit Cards from Founders Federal Credit Union

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Founders Federal Credit Union Preferred No Frills Visa Credit Card

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in Personal Credit Cards from Founders Federal Credit Union

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Highlights
Purchase APR  (Variable APR) 7.85% - 15.85%
Balance Transfer APR  (Variable APR) 7.85% - 15.85%
Credit Score Range 600 - 850
Annual Fee $0

Founders Federal Credit Union Preferred No Frills Visa Credit Card Review

Founders Federal Credit Union Preferred No Frills Visa Credit Card is a credit card issued by Founders Federal Credit Union. If you're wondering whether Founders Federal Credit Union Preferred No Frills Visa Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Competitive APRs. Founders Federal Credit Union Preferred No Frills Visa Credit Card has a variable purchase APR that ranges from 7.85% up to 15.85%.
  • 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.
Founders Federal Credit Union Preferred No Frills Visa Credit Card Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 2.85%.
  • No balance transfer fee.
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • Founders Federal Credit Union Preferred No Frills 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.
Founders Federal Credit Union Preferred No Frills Visa Credit Card FAQ

Is there a Founders Federal Credit Union Preferred No Frills Visa Credit Card cash back or rewards program?

No, Founders Federal Credit Union Preferred No Frills Visa Credit Card does not offer a rewards program.

What are the Founders Federal Credit Union Preferred No Frills Visa Credit Card benefits?

Founders Federal Credit Union Preferred No Frills Visa Credit Card provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for Founders Federal Credit Union Preferred No Frills 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. Founders Federal Credit Union Preferred No Frills Visa Credit Card has lower than average purchase APRs.

Founders Federal Credit Union Preferred No Frills Visa Credit Card has a variable purchase APR that ranges from 7.85% up to 15.85%. The card has a variable balance transfer APR that ranges from 7.85% up to 15.85%. It also has a variable cash advance APR that ranges from 7.85% up to 15.85%. Note that late payments are subject to an APR of 17.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Founders Federal Credit Union Preferred No Frills Visa Credit Card have an introductory APR offer on balance transfers?

Yes, Founders Federal Credit Union Preferred No Frills Visa Credit Card offers an introductory APR rate on balance transfers of 2.85% for a period of up to 6 months.

Founders Federal Credit Union Preferred No Frills Visa Credit Card Balance Transfers
Description
Balance Transfer Introductory APR 2.85%
Balance Transfer Intro APR Period 6 months
Balance Transfer APR 7.85% - 15.85%
Balance Transfer Fee % 0%

Does Founders Federal Credit Union Preferred No Frills Visa Credit Card have an introductory APR offer on new purchases?

Founders Federal Credit Union Preferred No Frills Visa Credit Card does not offer an introductory rate on new purchases.

What are the fees for Founders Federal Credit Union Preferred No Frills Visa Credit Card?

The following fees apply to Founders Federal Credit Union Preferred No Frills Visa Credit Card:

Founders Federal Credit Union Preferred No Frills Visa Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $32
Late Payment Fee up to $32

Does Founders Federal Credit Union Preferred No Frills Visa Credit Card have a foreign transaction fee?

Founders Federal Credit Union Preferred No Frills Visa Credit Card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does Founders Federal Credit Union Preferred No Frills Visa Credit Card report your account activity to credit bureaus?

Yes, Founders Federal Credit Union Preferred No Frills 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 Founders Federal Credit Union Preferred No Frills Visa Credit Card

  • Visit the Founders Federal Credit Union Preferred No Frills 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.

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 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

About Founders Federal Credit Union Preferred No Frills Visa Credit Card

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View all personal credit cards offered by Founders Federal Credit Union

Availability

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

Feature Breakdown

Cash Advance Fee Minimum $0
Cash Advance Fee (%) 0%
Minimum Cash Advance Fee ($) $0
No Annual Fee
Annual Fee $0
Foreign Currency Transaction Fee 1%
Returned Payment Fee Up to $32
Late Fee Amount Up to $32
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
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 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Rewards Type No Rewards
Cash Advance APR (Variable APR) 7.85% - 15.85%
Balance Computation Average daily balance (including new purchases).
Penalty APR (Variable APR) 17.9%
Purchase APR (Variable APR) 7.85% - 15.85%
Balance Transfer Introductory APR (Variable APR) 2.85%
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer APR (Variable APR) 7.85% - 15.85%
Balance Transfer Fee % 0%
Card Type
  • Low Interest
Card Network Visa

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