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  MECU Visa Signature Cash Reward

MECU Visa Signature Cash Reward

in Personal Credit Cards from MECU

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MECU Visa Signature Cash Reward

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in Personal Credit Cards from MECU

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Highlights
Purchase APR  (Variable APR) Starting at 8.50%
Balance Transfer APR  (Variable APR) Starting at 8.50%
Credit Score Range 650 - 850
Annual Fee $0

MECU Visa Signature Cash Reward Review

This is a cashback credit card issued by MECU. If you're wondering whether MECU Visa Signature Cash Reward 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
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback 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.
  • Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, emergency support, price protection, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of MECU Visa Signature Cash Reward
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 1.99%.
  • No balance transfer fee.
  • No annual fee.
  • Multiple credit card perks.
  • Access to a concierge.
  • Travel assistance insurance
  • Cardholders can earn rewards on purchases everywhere MECU Visa Signature Cash Reward is accepted.
  • MECU Visa Signature Cash Reward reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
MECU Visa Signature Cash Reward FAQ

Does MECU Visa Signature Cash Reward 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. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

MECU Visa Signature Cash Reward Rewards
Minimum rewards rate 1x
Max rewards rate N/A
Annual rewards limit N/A

Does MECU Visa Signature Cash Reward have a signup bonus?

This card doesn't offer a cash signup bonus.

Does MECU Visa Signature Cash Reward offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the MECU Visa Signature Cash Reward benefits?

It provides the following benefits:

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

What are the relevant APRs for MECU Visa Signature Cash Reward?

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 starting at 8.50% . The card has a variable balance transfer APR starting at 8.50% . It also has a variable cash advance APR starting at 8.50% .

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

Does MECU Visa Signature Cash Reward 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 up to 12 months.

MECU Visa Signature Cash Reward Balance Transfers
Description
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer Introductory APR 1.99%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR Starting at 8.50%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%

Does MECU Visa Signature Cash Reward have an intro APR offer on new purchases?

MECU Visa Signature Cash Reward Purchase Intro Offer
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 up to 12 months.

What are the fees for MECU Visa Signature Cash Reward?

The following fees apply:

  • There is no overlimit fee
MECU Visa Signature Cash Reward 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 cashback card.

Does MECU Visa Signature Cash Reward have a foreign transaction fee?

MECU Visa Signature Cash Reward 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 MECU Visa Signature Cash Reward?

The MECU Visa Signature Cash Reward customer service number is (800) 248-6328.

What is the support contact email for MECU Visa Signature Cash Reward?

The support contact email for MECU Visa Signature Cash Reward is info1@mecu.com.

Does MECU Visa Signature Cash Reward report your account activity to credit bureaus?

Yes, MECU Visa Signature Cash Reward 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 Signature Cash Reward

  • Visit the MECU Visa Signature Cash Reward 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.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by MECU

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View all personal credit cards offered by MECU

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

Introductory Rate 1.99%
Purchase Intro APR Period (Variable APR) 12 months
Cash Advance Fee Minimum $0
Cash Advance Fee (%) Starting at 0%
Minimum Cash Advance Fee ($) Starting at $0
No Annual Fee
Annual Fee $0
Minimum Interest Charge $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 1%
Returned Payment Fee Up to $15
Late Fee Amount Up to $24
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 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Price Protection
  • Emergency Support
  • Fraud Liability
  • Travel Assistance
  • Concierge
Rewards Rates
  • Every Purchase
Cash Advance APR (Variable APR) Starting at 8.50%
Balance Computation Average daily balance
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) Starting at 8.50%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer Introductory APR (Variable APR) 1.99%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) Starting at 8.50%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Rewards
  • Cashback
Card Network Visa

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