Members 1st Federal Credit Union VISA Platinum Low Rate Review

This is a credit card issued by Members 1st Federal Credit Union. If you're wondering whether Members 1st Federal Credit Union VISA Platinum Low Rate 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.

• Competitive APRs. Members 1st Federal Credit Union VISA Platinum Low Rate has a variable purchase APR that ranges from 8.75% up to 16.75%.
• 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.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval oods if your credit score is above600.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel assistance insurance Considers applicants with fair or poor credit. No foreign transaction fee. Members 1st Federal Credit Union VISA Platinum Low Rate reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Does Members 1st Federal Credit Union VISA Platinum Low Rate have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Members 1st Federal Credit Union VISA Platinum Low Rate benefits?

It provides the following benefits:

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

What are the relevant APRs for Members 1st Federal Credit Union VISA Platinum Low Rate?

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 8.75% up to 16.75%. The card has a variable balance transfer APR that ranges from 8.75% up to 16.75%. It also has a variable cash advance APR that ranges from 8.75% up to 16.75%. Note that late payments are subject to an APR of 18.00% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Members 1st Federal Credit Union VISA Platinum Low Rate?

The following fees apply:

• An overlimit fee of $15.

Members 1st Federal Credit Union VISA Platinum Low Rate Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$15
Foreign Transaction Fee	0%
Returned Payment Fee	up to $20
Late Payment Fee	$27 - $37

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

Does Members 1st Federal Credit Union VISA Platinum Low Rate report your account activity to credit bureaus?

Yes, Members 1st Federal Credit Union VISA Platinum Low Rate 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 Federal Credit Union VISA Platinum Low Rate

• Visit the Members 1st Federal Credit Union VISA Platinum Low Rate 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.