Members 1st Credit Union Visa First

Members 1st Credit Union Visa First Review

This is a cashback card issued by Members 1st Credit Union. If you're wondering whether Members 1st Credit Union Visa First is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of 10000 points after spending $1,000 within 2 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR of 24.99%
• 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. After the introductory period, the fee is 3%.
• 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 Auto Rental Collision Damage Waiver, identity theft protection, purchase security, trip cancellation and interruption protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Members 1st Credit Union Visa First

The Good

The Bad

Has an introductory APR rate on balance transfers of 4.99%. No balance transfer fee. No annual fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Identity Theft Protection. Trip Cancellation and Interruption Protection. Considers applicants with fair credit. Cardholders can earn rewards on purchases everywhere Members 1st Credit Union Visa First is accepted. Members 1st Credit Union Visa First reports to multiple credit bureaus.

Higher than average purchase APRs. Charges a foreign transaction fee of 1%.

Members 1st Credit Union Visa First FAQ

Does Members 1st Credit Union Visa First 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.

Members 1st Credit Union Visa First Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	10000
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	2 months

What are the Members 1st Credit Union Visa First benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Trip Cancellation Insurance
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Members 1st Credit Union Visa First?

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 higher than average regular APRs.

Members 1st Credit Union Visa First has a fixed purchase APR of 24.99%. The card has a fixed balance transfer APR of 24.99% . It also has a fixed cash advance APR of 24.99% .

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

What are the fees for Members 1st Credit Union Visa First?

The following fees apply:

Members 1st Credit Union Visa First Fees

Description
Cash Advance Fee Minimum	$5
Cash Advance Fee (%)	3%
Foreign Currency Transaction Fee	1%
No Annual Fee?
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days
Returned Payment Fee	Up to $26
Late Fee Amount	Up to $15

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

Does Members 1st Credit Union Visa First report your account activity to credit bureaus?

Yes, Members 1st Credit Union Visa First 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 Members 1st Credit Union Visa First

• Visit the Members 1st Credit Union Visa First 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.