MECU Visa Platinum Rewards

MECU Visa Platinum Rewards Review

This is a rewards credit card issued by MECU. If you're wondering whether MECU Visa Platinum Rewards 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. MECU Visa Platinum Rewards has a variable purchase APR that ranges from 9.75% up to 12.75%.
• 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. After the introductory period, the fee is 0%.
• 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 odds if your credit score is above 600.

Pros & Cons of MECU Visa Platinum Rewards

The Good	The Bad
Potentially lower than average purchase APRs. Has an introductory APR rate on balance transfers of 1.99%. No balance transfer fee. No annual fee. Travel assistance insurance Considers applicants with fair credit. Cardholders can earn rewards on purchases everywhere MECU Visa Platinum Rewards is accepted. MECU Visa Platinum Rewards reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 1%.

MECU Visa Platinum Rewards FAQ

Does MECU Visa Platinum Rewards have a cash back or rewards program?

MECU Visa Platinum Rewards is a rewards card.

MECU Visa Platinum Rewards Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A

What are the MECU Visa Platinum Rewards benefits?

It provides the following benefits:

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

What are the relevant APRs for MECU Visa Platinum 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 lower than average regular APRs.

MECU Visa Platinum Rewards has a variable purchase APR that ranges from 9.75% up to 12.75%. The card has a variable balance transfer APR that ranges from 9.75% up to 12.75%. It also has a variable cash advance APR that ranges from 9.75% up to 12.75%.

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

What are the fees for MECU Visa Platinum Rewards?

The following fees apply:

• There is no overlimit fee

MECU Visa Platinum Rewards Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	1%
Returned Payment Fee	up to $15
Late Payment Fee	up to $24

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

Does MECU Visa Platinum Rewards report your account activity to credit bureaus?

Yes, MECU 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 MECU Visa Platinum Rewards

• Visit the MECU Visa Platinum 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.