Michigan State University FCU Platinum Visa

Michigan State University FCU Platinum Visa Review

This is a cashback credit card issued by Michigan State University FCU. If you're wondering whether Michigan State University FCU Platinum Visa is the right card for you, read on.

Key Takeaways

• Competitive APRs. Michigan State University FCU Platinum Visa has a variable purchase APR that ranges from 13.9% up to 17.9%.
• 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, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Michigan State University FCU Platinum Visa

The Good	The Bad
Potentially lower than average purchase APRs. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Free access to your credit score. Travel accident and travel assistance insurance. Considers applicants with fair credit. No foreign transaction fee. Michigan State University FCU Platinum Visa reports to multiple credit bureaus.	Does not offer a signup bonus.

Michigan State University FCU Platinum Visa FAQ

Does Michigan State University FCU Platinum Visa have a cash back or rewards program?

No, it does not offer a 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.

What are the Michigan State University FCU Platinum Visa benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Michigan State University FCU Platinum Visa?

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.

Michigan State University FCU Platinum Visa has a variable purchase APR that ranges from 13.9% up to 17.9%. The card has a variable balance transfer APR that ranges from 13.9% up to 17.9%. It also has a variable cash advance APR that ranges from 13.9% up to 17.9%. Note that late payments are subject to an APR of 17.9% 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 Michigan State University FCU Platinum Visa?

The following fees apply:

Michigan State University FCU Platinum Visa Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $25
Late Payment Fee	$0 - $25

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

Does Michigan State University FCU Platinum Visa report your account activity to credit bureaus?

Yes, Michigan State University FCU Platinum Visa 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 State University FCU Platinum Visa

• Visit the Michigan State University FCU Platinum Visa 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.