Houston Federal Credit Union Visa® Platinum Rewards

Houston Federal Credit Union Visa® Platinum Rewards Review

This is a rewards card issued by Houston Federal Credit Union. If you're wondering whether HFCU credit card is the right card for you, read on.

Key Takeaways

• Competitive APRs. Houston Federal Credit Union Visa® Platinum Rewards has a variable purchase APR that ranges from 10.99% up to 18.00%.
• 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.
• $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.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, identity theft protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of HFCU credit card

The Good	The Bad
Potentially 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. Offers Auto Rental Collision Damage Waiver. Identity Theft Protection. Cardholders can earn rewards on their purchases. Houston Federal Credit Union Visa® Platinum Rewards reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase.

HFCU credit card FAQ

Does HFCU credit card have a cash back or rewards program?

HFCU credit card is a rewards card.

HFCU credit card Rewards

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

What are the HFCU credit card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for HFCU 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. This card has lower than average regular APRs.

Houston Federal Credit Union Visa® Platinum Rewards has a variable purchase APR that ranges from 10.99% up to 18.00%. The card has a variable balance transfer APR that ranges from 10.99% up to 18.00%. It also has a variable cash advance APR that ranges from 10.99% up to 18.00%.

What are the fees for HFCU credit card?

The following fees apply:

HFCU credit card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	1%
Returned Payment Fee	Starting at $ up to $30
Late Payment Fee	Starting at up to $15

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

Does Houston Federal Credit Union Visa® Platinum Rewards report your account activity to credit bureaus?

Yes, Houston Federal Credit Union Visa® Platinum Rewards 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 HFCU credit card

• Visit the HFCU 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.