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  Michigan Educational Credit Union Visa Signature Reward

Michigan Educational Credit Union Visa Signature Reward

in Personal Credit Cards from Michigan Educational Credit Union

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Michigan Educational Credit Union Visa Signature Reward

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in Personal Credit Cards from Michigan Educational Credit Union

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Highlights
Purchase APR  (Variable APR) 8.75% - 16.75%
Balance Transfer APR  (Variable APR) 8.75% - 16.75%
Credit Score Range 680 - 850
Annual Fee $0

Michigan Educational Credit Union Visa Signature Reward Review

This is a rewards credit card issued by Michigan Educational Credit Union. If you're wondering whether Michigan Educational Credit Union Visa Signature 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
  • Competitive APRs. Michigan Educational Credit Union Visa Signature Reward 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 rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • 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 rental insurance, access to a concierge, extended warranty protection on purchases, travel assistance, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 680.
Pros & Cons of Michigan Educational Credit Union Visa Signature Reward
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Extended warranty on purchases.
  • Travel assistance insurance
  • Cardholders can earn rewards on purchases everywhere Michigan Educational Credit Union Visa Signature Reward is accepted.
  • Michigan Educational Credit Union Visa Signature Reward reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
Michigan Educational Credit Union Visa Signature Reward FAQ

Does Michigan Educational Credit Union Visa Signature Reward have a cash back or rewards program?

Michigan Educational Credit Union Visa Signature Reward is a rewards card.

Michigan Educational Credit Union Visa Signature Reward Rewards
Minimum rewards rate 1.25x
Max rewards rate N/A
Annual rewards limit N/A

Does Michigan Educational Credit Union Visa Signature Reward have a signup bonus?

This card doesn't offer a cash signup bonus.

Does Michigan Educational Credit Union Visa Signature Reward offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the Michigan Educational Credit Union Visa Signature Reward benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Zero fraud liability
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for Michigan Educational Credit Union Visa Signature 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 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%.

Does Michigan Educational Credit Union Visa Signature Reward have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Michigan Educational Credit Union Visa Signature Reward have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Michigan Educational Credit Union Visa Signature Reward?

The following fees apply:

Michigan Educational Credit Union Visa Signature Reward Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Late Payment Fee up to $20

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

Does Michigan Educational Credit Union Visa Signature Reward have a foreign transaction fee?

Michigan Educational Credit Union Visa Signature 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 Michigan Educational Credit Union Visa Signature Reward?

The Michigan Educational Credit Union Visa Signature Reward customer service number is (734) 455-9200.

What is the support contact email for Michigan Educational Credit Union Visa Signature Reward?

The support contact email for Michigan Educational Credit Union Visa Signature Reward is general@michedcu.org.

Does Michigan Educational Credit Union Visa Signature Reward report your account activity to credit bureaus?

Yes, Michigan Educational Credit Union Visa Signature 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 Michigan Educational Credit Union Visa Signature Reward

  • Visit the Michigan Educational Credit Union Visa Signature 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 7:00am - 3:00am
  • Tuesday 7:00am - 3:00am
  • Wednesday 7:00am - 3:00am
  • Thursday 7:00am - 3:00am
  • Friday 7:00am - 3:00am
  • Saturday Closed

About Michigan Educational Credit Union Visa Signature Reward

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View all personal credit cards offered by Michigan Educational Credit Union

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

Cash Advance Fee Minimum $0
Cash Advance Fee (%) 0%
Minimum Cash Advance Fee ($) $0
No Annual Fee
Annual Fee $0
Minimum Interest Charge $0
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 1%
Paper Statement Fee $2
Late Fee Amount Up to $20
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
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 680 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Fraud Liability
  • Travel Assistance
  • Concierge
Rewards Categories
  • Every Purchase
Cash Advance APR (Variable APR) 8.75% - 16.75%
Balance Computation Average daily balance
Credit Limit Starting at $5,000
Purchase APR (Variable APR) 8.75% - 16.75%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer APR (Variable APR) 8.75% - 16.75%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Rewards
Card Network Visa

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