Members 1st Federal Credit Union VISA Signature Rewards

Members 1st Federal Credit Union VISA Signature Rewards Review

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

Key Takeaways

• Competitive APRs. Members 1st Federal Credit Union VISA Signature Rewards has a variable purchase APR that ranges from 12% up to 18%.
• 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.
• 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, access to a concierge, emergency support, trip cancellation insurance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Members 1st Federal Credit Union VISA Signature Rewards

The Good

The Bad

Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Members 1st Federal Credit Union VISA Signature Rewards is accepted. Members 1st Federal Credit Union VISA Signature Rewards reports to multiple credit bureaus.

Does not offer a signup bonus.

Members 1st Federal Credit Union VISA Signature Rewards FAQ

Does Members 1st Federal Credit Union VISA Signature Rewards 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 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

Members 1st Federal Credit Union VISA Signature Rewards Rewards

Minimum rewards rate	1.5x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Members 1st Federal Credit Union VISA Signature Rewards benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Trip Cancellation Insurance
• Reports to major credit bureaus

What are the relevant APRs for Members 1st Federal Credit Union VISA Signature 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.

Members 1st Federal Credit Union VISA Signature Rewards has a variable purchase APR that ranges from 12% up to 18%. The card has a variable balance transfer APR that ranges from 12% up to 18%. It also has a variable cash advance APR that ranges from 12% up to 18%. Note that late payments are subject to an APR of 18% 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 Signature Rewards?

The following fees apply:

Members 1st Federal Credit Union VISA Signature Rewards Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
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 cashback card.

Does Members 1st Federal Credit Union VISA Signature Rewards report your account activity to credit bureaus?

Yes, Members 1st Federal Credit Union VISA Signature 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 Members 1st Federal Credit Union VISA Signature Rewards

• Visit the Members 1st Federal Credit Union VISA Signature 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.