General Electric Credit Union Platinum Credit Card

General Electric Credit Union Platinum Credit Card Review

This is a rewards card issued by General Electric Credit Union. If you're wondering whether General Electric Credit Union Platinum Credit 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.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of 10000 points after spending $1,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. General Electric Credit Union Platinum Credit Card has a variable purchase APR that ranges from 11.74% up to 17.74%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. General Electric Credit Union Platinum Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.5% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, purchase 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 600.

Pros & Cons of General Electric Credit Union Platinum Credit Card

General Electric Credit Union Platinum Credit Card FAQ

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

General Electric Credit Union Platinum Credit Card is a rewards card.

What are the General Electric Credit Union Platinum Credit Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Travel Accident Insurance
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for General Electric Credit Union Platinum Credit Card?

General Electric Credit Union Platinum Credit Card has a variable purchase APR that ranges from 11.74% up to 17.74%. The card has a variable balance transfer APR that ranges from 11.74% up to 17.74%. It also has a variable cash advance APR that ranges from 11.74% up to 17.74%. Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for General Electric Credit Union Platinum Credit 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 rewards card.

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

Yes, General Electric Credit Union Platinum 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 General Electric Credit Union Platinum Credit Card

• Visit the General Electric Credit Union Platinum 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.