DCU Visa Platinum Credit Card

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If you’re looking for a low APR card with almost no fees -- and no perks to match -- this card does the job.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our balance transfer category page.

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The DCU Visa Platinum Card comes from Digital Federal Credit Union, with branches in Massachusetts and New Hampshire. This is a no-frills card that offers a truly low APR, starting at 9.50%, for people who qualify.

Review

Members of DCU Federal Credit Union are eligible for the DCU line of Visa cards, including this one – which is perhaps the most lackluster of its lineup. The DCU Visa Platinum Card is not a rewards card, so you’re not going to earn points on spending. In fact, the only perks you’ll get are basic credit card extras like car rental collision and theft coverage as well as warranty extensions on purchases made on the card.

The highlight of this card is the APR, which, for people with the best credit, begins at just 9.50%. If your credit falls short, however, you can end up paying an APR of 18%, which is still not terrible compared with most cards on the market.

Becoming a member of the DCU Federal Credit Union is fairly easy. If you don’t live in or work at eligible places – which are located in New England — you can join one of its approved nonprofits. That affiliation will qualify you for credit union membership. Of course, any money you donate to a nonprofit is tax deductible, so it might be worth the effort if you want this card.

Who should get this card

This card pales next to most cards that require good credit, which is the minimum to qualify. Without any notable perks or a rewards program, it doesn’t make sense to get this card unless you are specifically looking for a low APR.

The best candidates for this card are people who already have a DCU account and want a free card with a low APR as an emergency back-up.

Fees and APR

    • The variable APR starts on the low end of the spectrum at 9.50% and goes to 18.00%, based on your creditworthiness
    • You’ll pay no annual fee.
    • There are no charges for cash advances.
    • Cardholders won’t pay balance transfer fees.
    • There is a late payment fee of up to $35.

Extras, perks and using points

You’ll get free car rental collision damage coverage, which means you’re covered for collision damage or theft.

It comes with complimentary extended warranty coverage on most purchases you make on the card.

If you have a DCU checking account, you can get optional overdraft protection.

How this card compares

Simmons First Visa® Platinum Rewards

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our balance transfer category page.

Card Details
  • Earn one point per dollar spent.
Credit Needed Excellent
Regular APR 9.50% Variable APR. This APR will vary with the market based on the Prime Rate.
Annual Fee No Annual Fee.
Balance Transfers Intro APR

Don’t let the modest perks fool you, the Simmons Bank Visa Platinum Rewards card is no entry-level credit card. It requires excellent credit, so if you’re just establishing or repairing your credit, then you might want to keep looking.

The reason for the high standards is the consistently low APR Simmons Bank offers.

Simmons Bank Visa® Platinum

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our balance transfer category page.

Card Details
  • No rewards.
Credit Needed Excellent
Regular APR 8.25% Variable APR. This APR will vary with the market based on the Prime Rate.
Annual Fee No Annual Fee.
Balance Transfers Intro APR

If you carry a balance on your credit card, you’re probably paying too much in interest. The Simmons Bank Visa Platinum card’s low annual-percentage rate can help you keep a little more of your hard-earned cash in your wallet.

USAA Rate Advantage Platinum Visa®
Card Details
  • Enjoy the lowest APR of any major bank in the U.S.
  • Same low rate for purchases, balance transfers and cash advances.
  • No foreign transaction fee.
  • USAA membership is available to active and former military and their eligible family members
Credit Needed Excellent
Regular APR 7.90%-24.90% (Variable)
Annual Fee $0
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

For those who qualify, the USAA Rate Advantage Platinum Visa offers one of the lowest variable annual percentage rates of any major issuer in the U.S., and it’s the lowest of any USAA card. The less money you’re paying on interest, the more you have to pay toward your balance.

 

 

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.