DCU Visa® Platinum Credit Card

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Natalie Campisi @NatalieMCampisi  in  Low Interest Advertising Disclosure
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Annual Fee:
No Annual Fee.
Purchase Intro APR:
N/A
Regular APR:
8.50% to 18.00% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on Prime Rate
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 85 out of 100

Commonly used for: Balance Transfer, Good Credit, Low Interest, No Annual Fee, No Foreign Transaction Fees.

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

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
  • 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
  • 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 Visa Platinum® Card
  • Enjoy USAA's lowest rate card
  • No annual fee, no foreign transaction fees, no penalty APR
  • USAA membership is available to active and former military and their eligible family members
  • Special Benefits for Military: Reduced Rate: Get 4% APR on all balances for up to 12 months during deployment or PCS.
  • After 12 months, the variable Regular APR of between 9.15% to 26.15% will apply. This rate will vary with the market based on the prime rate.
Apply Now On USAA's secure website
Credit Needed

Good/Excellent

Regular APR

9.15% - 26.15% Variable

Annual Fee

$0

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

For those who qualify, the USAA® Rate Advantage Visa Platinum® Card 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.