Great Lakes Credit Union Visa Everyday Rewards Card

Great Lakes Credit Union Visa Everyday Rewards Card Review

This is a rewards card issued by Great Lakes Credit Union. If you're wondering whether Great Lakes Credit Union Visa Rewards 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.
• Signup bonus. Offers a signup bonus of up to $200 if you spend $3000 within 3 months.
• Signup bonus. Offers a signup bonus of 20000 points after spending $3,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.74% up to 28.74%.
• 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. Great Lakes Credit Union Visa Everyday Rewards Card charges a fee of 3% on balance transfers, if you transfer the balance within 186 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 3% every time you make a transaction outside the U.S.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Great Lakes Credit Union Visa Rewards

The Good

The Bad

2 points will be earned for every $1 dollar of a qualifying credit card purchase. 0% APR balance transfer intro rate on balance transfers for up to 6 months. 0% APR on new purchases during the first 6 months. There is then a variable purchase APR that ranges from 18.74% up to 28.74%. No annual fee. Offers Auto Rental Collision Damage Waiver. Extended warranty on purchases. Cardholders can earn rewards on purchases everywhere Great Lakes Credit Union Visa Everyday Rewards Card is accepted. Great Lakes Credit Union Visa Everyday Rewards Card reports to multiple credit bureaus.

No points are earned for finance charges, fees, cash advances, convenience checks, foreign transaction currency charges, or insurance charges posted to their account. Higher than average purchase APRs. Charges a foreign transaction fee of 3%. Charges a 3% balance transfer fee , if you transfer the balance within 186 days.

Great Lakes Credit Union Visa Rewards FAQ

Does Great Lakes Credit Union Visa Rewards have a cash back or rewards program?

Great Lakes Credit Union Visa Rewards is a rewards card.

Great Lakes Credit Union Visa Rewards Rewards

Minimum rewards rate	2x
Max rewards rate	2x
Annual rewards limit	N/A
Signup Bonus ($)	$200
Signup Bonus (Points/Miles)	20000
Signup Bonus Spend Requirement	$3000
Signup Bonus Spend Period (months)	3 months

What are the Great Lakes Credit Union Visa Rewards benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Great Lakes Credit Union Visa Rewards?

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 higher than average regular APRs.

Great Lakes Credit Union Visa Everyday Rewards Card has a variable purchase APR that ranges from 18.74% up to 28.74%. The card has a variable balance transfer APR that ranges from 18.74% up to 28.74%. It also has a variable cash advance APR of 30.24% .

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

What are the fees for Great Lakes Credit Union Visa Rewards?

The following fees apply:

Great Lakes Credit Union Visa Everyday Rewards Card Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Up to 5%
Minimum Cash Advance Fee ($)	Starting at $10
Foreign Currency Transaction Fee	3%
No Annual Fee?
Annual Fee	$0
Minimum Interest Charge	$0
No Interest Grace Period for Late Payment	21 days
Returned Payment Fee	Up to $41
Late Fee Amount	Up to $41

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

Does Great Lakes Credit Union Visa Everyday Rewards Card report your account activity to credit bureaus?

Yes, Great Lakes Credit Union Visa Everyday Rewards 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 Great Lakes Credit Union Visa Rewards

• Visit the Great Lakes Credit Union Visa Rewards 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.