MCECU Mastercard Platinum Rewards Card

MCECU Mastercard Platinum Rewards Card Review

This is a rewards card issued by Memphis City Employees Credit Union. If you're wondering whether MCECU Mastercard Platinum Rewards Card is the right card for you, read on.

Key Takeaways

• Competitive APRs. MCECU Mastercard Platinum Rewards Card has a variable purchase APR that ranges from 7.90% up to 16.90%.
• 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.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, identity theft protection, travel assistance, and fraud protection.

Pros & Cons of MCECU Mastercard Platinum Rewards Card

The Good	The Bad
Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Extended warranty on purchases. Identity Theft Protection. Travel assistance insurance Cardholders can earn rewards on their purchases. MCECU Mastercard Platinum Rewards Card reports to multiple credit bureaus.	Does not offer a signup bonus.

MCECU Mastercard Platinum Rewards Card FAQ

Does MCECU Mastercard Platinum Rewards Card have a cash back or rewards program?

MCECU Mastercard Platinum Rewards Card is a rewards card.

MCECU Mastercard Platinum Rewards Card Rewards

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

What are the MCECU Mastercard Platinum Rewards Card benefits?

It provides the following benefits:

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

What are the relevant APRs for MCECU Mastercard Platinum Rewards 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.

MCECU Mastercard Platinum Rewards Card has a variable purchase APR that ranges from 7.90% up to 16.90%. The card has a variable balance transfer APR that ranges from 7.90% up to 16.90%. It also has a variable cash advance APR that ranges from 7.90% up to 16.90%.

What are the fees for MCECU Mastercard Platinum Rewards Card?

The following fees apply:

MCECU Mastercard Platinum Rewards Card Fees

Description
No Annual Fee?
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days

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

Does MCECU Mastercard Platinum Rewards Card report your account activity to credit bureaus?

Yes, MCECU Mastercard Platinum 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 MCECU Mastercard Platinum Rewards Card

• Visit the MCECU Mastercard Platinum Rewards 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.