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  MIT FCU Visa Signature Max Cash Card
MIT FCU Visa Signature Max Cash Card Unaffiliated

MIT FCU Visa Signature Max Cash Card

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Highlights
Purchase APR  (Variable APR) 14.49 - 23.49
Balance Transfer APR  (Variable APR) 14.49 - 23.49
Credit Score Range 680 - 850
Annual Fee $0

MIT FCU Visa Signature Max Cash Card Review

This is a cashback credit card issued by MIT Federal Credit Union. If you're wondering whether MIT FCU Visa Signature Max Cash Card 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
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
  • Competitive APRs. MIT FCU Visa Signature Max Cash Card has a variable purchase APR that ranges from 14.49% up to 23.49%.
  • 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.
  • 3% Balance transfer fee. MIT FCU Visa Signature Max Cash Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
  • Good or better credit required. You will have low approval odds if your credit score is below 680.
Pros & Cons of MIT FCU Visa Signature Max Cash Card
The Good The Bad
  • Potentially lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 12 months.
  • 0% APR on new purchases during the first 12 months.
  • No annual fee.
  • Travel assistance insurance
  • MIT FCU Visa Signature Max Cash Card reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 2%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
MIT FCU Visa Signature Max Cash Card FAQ

Does MIT FCU Visa Signature Max Cash Card 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 MIT FCU Visa Signature Max Cash Card benefits?

It provides the following benefits:

  • Zero fraud liability
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for MIT FCU Visa Signature Max Cash Card?

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.

MIT FCU Visa Signature Max Cash Card has a variable purchase APR that ranges from 14.49% up to 23.49%. The card has a variable balance transfer APR that ranges from 14.49% up to 23.49%. It also has a variable cash advance APR starting at 25.99% .

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

Does MIT FCU Visa Signature Max Cash Card have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 12 months.

MIT FCU Visa Signature Max Cash Card Balance Transfers
Description
Balance Transfer Fee % After Intro Period Starting at 3
Balance Transfer Introductory APR 0
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 14.49 - 23.49
Balance Transfer Fee Minimum 5
Balance Transfer Fee % 3

Does MIT FCU Visa Signature Max Cash Card have an intro APR offer on new purchases?

MIT FCU Visa Signature Max Cash Card Purchase Intro Offer
Description
Introductory Rate 0
Purchase Intro APR Period 12 months

This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 12 months.

What are the fees for MIT FCU Visa Signature Max Cash Card?

The following fees apply:

  • There is no overlimit fee
MIT FCU Visa Signature Max Cash Card Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $40
Late Payment Fee up to $40

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

Does MIT FCU Visa Signature Max Cash Card have a foreign transaction fee?

MIT FCU Visa Signature Max Cash Card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. 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 support contact email for MIT FCU Visa Signature Max Cash Card?

The support contact email for MIT FCU Visa Signature Max Cash Card is info@mitfcu.mit.edu.

How do people rate the customer service and user experience of MIT FCU Visa Signature Max Cash Card?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

Does MIT FCU Visa Signature Max Cash Card report your account activity to credit bureaus?

Yes, MIT FCU Visa Signature Max Cash Card 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 MIT FCU Visa Signature Max Cash Card

  • Visit the MIT FCU Visa Signature Max Cash Card 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.

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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

Introductory Rate 0
Purchase Intro APR Period (Variable APR) 12 months
No Annual Fee
Annual Fee $0
Over-Limit Fee 0
No Interest Grace Period for Late Payment 30 days
Cash Advance Fee Minimum 10
Cash Advance Fee (%) Starting at 5
Minimum Cash Advance Fee ($) Starting at 10
Foreign Currency Transaction Fee 2
Minimum Interest Charge 2
Returned Payment Fee Up to 40
Late Fee Amount Up to 40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
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
  • Fraud Liability
  • Travel Assistance
Rewards Rates
  • Gas
  • Groceries
  • Restaurants
  • Utilities
Signup Bonus Up to $150
Cash Advance APR (Variable APR) Starting at 25.99
Balance Computation Average Daily Balance (including new purchases)
Penalty APR (Variable APR) 0
Purchase APR (Variable APR) 14.49 - 23.49
Balance Transfer Fee % After Intro Period Starting at 3
Balance Transfer Introductory APR (Variable APR) 0
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 14.49 - 23.49
Balance Transfer Fee Minimum 5
Balance Transfer Fee % 3
Card Type
  • Cashback
Card Network Visa

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