Last Updated: 07/28/2025
IU Credit Union Mastercard® Preferred Rewards Credit Card
Unaffiliated
in Credit Cards from IU Credit Union
Last Updated: 07/28/2025
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Highlights
Purchase APR (Variable APR)
17.50% - 25.00%(Verified 06/21/2024)
Balance Transfer APR (Variable APR)
17.50% - 25.00%(Verified 06/21/2024)
Credit Score Range
N/A
Annual Fee
$0
IU Credit Union Mastercard® Preferred Rewards Credit Card Review
This is a cashback credit card issued by IU Credit Union. If you're wondering whether IU Credit Union Mastercard® Preferred Rewards Credit Card is the right card for you, read on.
Key Takeaways
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 17.50% up to 25.00%.
- No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible 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 up to 1.0% every time you make a transaction outside the U.S.
- Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, emergency support, identity theft protection, and fraud protection.
Pros & Cons of IU Credit Union Mastercard® Preferred Rewards Credit Card
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IU Credit Union Mastercard® Preferred Rewards Credit Card FAQ
Does IU Credit Union Mastercard® Preferred Rewards Credit Card have a cash back or rewards program?
This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Every Purchase | 1.5 x points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does IU Credit Union Mastercard® Preferred Rewards Credit Card have a signup bonus?
This card doesn't offer a cash signup bonus.Does IU Credit Union Mastercard® Preferred Rewards Credit Card offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the IU Credit Union Mastercard® Preferred Rewards Credit Card benefits?
IU Credit Union Mastercard® Preferred Rewards Credit Card provides the following benefits:
- Emergency Support
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for IU Credit Union Mastercard® Preferred Rewards Credit Card?
According to the Federal Reserve Board, the average regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular APRs.IU Credit Union Mastercard® Preferred Rewards Credit Card has a variable purchase APR that ranges from 17.50% up to 25.00%. The card has a variable balance transfer APR that ranges from 17.50% up to 25.00%. It also has a variable cash advance APR that ranges from 17.50% up to 25.00%.
Does IU Credit Union Mastercard® Preferred Rewards Credit Card have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 1.99% for a period of 12 months.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer APR | 17.50% - 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Introductory APR | 1.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Intro APR Period | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee % | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee Minimum | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does IU Credit Union Mastercard® Preferred Rewards Credit Card have an intro APR offer on new purchases?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Introductory Rate | 1.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchase Intro APR Period | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does offer an intro APR rate of 1.99% on qualified purchases for a period of 12 months.
What are the fees for IU Credit Union Mastercard® Preferred Rewards Credit Card?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 1.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Card Fee Amount | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Up to $17.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
Does IU Credit Union Mastercard® Preferred Rewards Credit Card have a foreign transaction fee?
IU Credit Union Mastercard® Preferred Rewards Credit Card charges a foreign transaction fee of up to 1.0%. 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 foreign transaction fees.What is the customer service phone number for IU Credit Union Mastercard® Preferred Rewards Credit Card?
The customer service number for IU Credit Union Mastercard® Preferred Rewards Credit Card is (812) 855-7823.
What is the support contact email for IU Credit Union Mastercard® Preferred Rewards Credit Card?
The support contact email for IU Credit Union Mastercard® Preferred Rewards Credit Card is memberservice@iucu.org.
What is the login page for IU Credit Union Mastercard® Preferred Rewards Credit Card?
You can access the login page of IU Credit Union Mastercard® Preferred Rewards Credit Card here.
How do people rate the customer service and user experience of IU Credit Union Mastercard® Preferred Rewards Credit Card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does IU Credit Union Mastercard® Preferred Rewards Credit Card report your account activity to credit bureaus?
Yes, IU Credit Union Mastercard® Preferred Rewards Credit Card reports to the following credit bureaus:
- 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 build your credit.
Does IU Credit Union perform a hard credit pull?
Yes, IU Credit Union Mastercard® Preferred Rewards Credit Card performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for IU Credit Union Mastercard® Preferred Rewards Credit Card
- Visit the website of IU Credit Union Mastercard® Preferred Rewards Credit Card.
- 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.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 5:30PM