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  Lake Michigan Credit Union Prime Platinum Visa Card

Lake Michigan Credit Union Prime Platinum Visa Card

in Personal Credit Cards from Lake Michigan Credit Union

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Lake Michigan Credit Union Prime Platinum Visa Card

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in Personal Credit Cards from Lake Michigan Credit Union

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Highlights
Purchase APR  (Variable APR) 6.25% - 14.25%
Balance Transfer APR  (Variable APR) 6.25% - 14.25%
Credit Score Range 600 - 850
Annual Fee $0

Lake Michigan Credit Union Prime Platinum Visa Card Review

This is a credit card issued by Lake Michigan Credit Union. If you're wondering whether Lake Michigan Credit Union Prime Platinum Visa Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • Competitive APRs. Lake Michigan Credit Union Prime Platinum Visa Card has a variable purchase APR that ranges from 6.25% up to 14.25%.
  • 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.
  • 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.
Pros & Cons of Lake Michigan Credit Union Prime Platinum Visa Card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • Lake Michigan Credit Union Prime Platinum Visa 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.
Lake Michigan Credit Union Prime Platinum Visa Card FAQ

Does Lake Michigan Credit Union Prime Platinum Visa Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Lake Michigan Credit Union Prime Platinum Visa Card benefits?

It provides the following benefits:

  • Emergency Support
  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for Lake Michigan Credit Union Prime Platinum Visa 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. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 6.25% up to 14.25%. The card has a variable balance transfer APR that ranges from 6.25% up to 14.25%. It also has a variable cash advance APR that ranges from 6.25% up to 14.25%. 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.

Does Lake Michigan Credit Union Prime Platinum Visa Card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Lake Michigan Credit Union Prime Platinum Visa Card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Lake Michigan Credit Union Prime Platinum Visa Card?

The following fees apply:

  • An overlimit fee of $25.
Lake Michigan Credit Union Prime Platinum Visa Card Fees
Fees Amount
Annual Fee $0
Overlimit Fee $25
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee $15 - $25

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

Does Lake Michigan Credit Union Prime Platinum Visa Card have a foreign transaction fee?

Lake Michigan Credit Union Prime Platinum Visa 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 foreign transaction fees.

What is the customer service phone number for Lake Michigan Credit Union Prime Platinum Visa Card?

The Lake Michigan Credit Union Prime Platinum Visa Card customer service number is (800) 242-9790.

What is the support contact email for Lake Michigan Credit Union Prime Platinum Visa Card?

The support contact email for Lake Michigan Credit Union Prime Platinum Visa Card is communityrelations@lmcu.org.

Does Lake Michigan Credit Union Prime Platinum Visa Card report your account activity to credit bureaus?

Yes, Lake Michigan Credit Union Prime Platinum Visa 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 Lake Michigan Credit Union Prime Platinum Visa Card

  • Visit the Lake Michigan Credit Union Prime Platinum Visa 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.

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

No Annual Fee
Annual Fee $0
Minimum Interest Charge $0
Cash Advance Fee (%) Starting at 3%
Foreign Currency Transaction Fee 1%
Over-Limit Fee $25
Returned Payment Fee Up to $25
Late Fee Amount $15 - $25
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
  • Emergency Support
  • Fraud Liability
Rewards Type No Rewards
Cash Advance APR (Variable APR) 6.25% - 14.25%
Balance Computation average daily balance (including new purchases).
Credit Limit Up to $25,000
Penalty APR (Variable APR) 18%
Purchase APR (Variable APR) 6.25% - 14.25%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer APR (Variable APR) 6.25% - 14.25%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Low Interest
Card Network Visa

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