DCU Visa® Platinum Credit Card review
Why you can trust Bankrate
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
- Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
- Consistently provide up-to-date, reliable market information so you\'re well-equipped to make confident decisions.
- Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.
At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The DCU Visa® Platinum Credit Card Overview
Members of DCU Federal Credit Union (DCU) are eligible for the DCU line of Visa cards, including the DCU Visa Platinum Credit Card. It’s a no-frills card that does not offer rewards but advertises a low range of APRs, making it a good option if you anticipate carrying a balance.
What are the pros and cons?
- No rewards or cash back program.
- No 0 percent APR introductory period.
- Limited eligibility.
A deeper look at the current card offer
- Rewards rate: N/A
- Welcome offer: N/A
- Annual fee: $0
- Purchase intro APR: N/A
- Balance transfer intro APR: N/A
- Regular APR: 8.50% to 18%
Current welcome bonus
The DCU Visa Platinum Credit Card does not offer a sign-up bonus; the main selling point of this card is its low interest rate.
Other cardholder perks
You won’t be earning points as you spend, but you will enjoy extras like no annual fee and no fees on balance transfers or cash advances.
If you need to carry a balance, the ultra-low APR on this card is a big advantage.
The cash advance APR, which matches your regular APR, is also reasonable. The foreign transaction fee, which ranges up to 2 percent per purchase, is lower than average. The card charges a late fee of $35, but this is standard.
No annual fee
There is no annual fee with the DCU Visa Platinum Credit Card.
Mobile wallet compatible
The DCU Visa Platinum Credit Card works with Apple Pay, Google Pay and Samsung Pay, making it easier to complete purchases on the go.
An embedded EMV chip will protect your personal information to limit your chances of fraud.
You’ll receive overdraft protection with the DCU Visa Platinum Credit Card. If you have a DCU checking account, the balance of any overdrafts will be automatically transferred from your DCU checking account to your DCU Visa Platinum Card (up to your available limit).
Low fees and penalties
The DCU Visa Platinum Credit Card charges no fees for cash advances, balance transfers or foreign transactions. There is also no returned-payment fee, no over-limit fee and no minimum interest charge.
If you miss a payment with this card, you’re likely to lose the low rate and end up paying the penalty APR of 18 percent. This is a significantly lower penalty rate than what competing cards typically charge.
Rates and fees
It’s true that there are many credit cards with no annual fee, but not many forgo other fees. The DCU Visa Platinum Credit Card also has no foreign transaction fees, no over-limit fee and no fees on cash advances or balance transfers.
However, it’s important to note that this card doesn’t offer an introductory 0 percent APR period.
With the ultra-low APR of 8.5 percent for cash advances, balance transfers and purchases, those who tend to carry a balance and are looking to save money on interest payments might want to seriously consider the DCU Visa Platinum Credit Card.
The late payment fee is $35 per occurrence.
How the DCU Visa Platinum Credit Card compares to other low-interest cards
If your main goal is to pay little to no interest on your purchases, you may benefit by choosing another card. There are other cards out there that have an even lower APR, at least for a while. You may want to choose a card that offers a introductory APR period and rewards like the Citi Rewards+® Card or the Citi® Double Cash Card. While these cards offer higher regular APRs, they come with other perks, like rewards on every purchase. Plus, they both have no annual fee, so you won’t have to spend anything out of pocket just to maintain the card.
See below how these two cards stack up to the DCU Visa Platinum Credit Card.
Best cards to pair with the DCU Visa Platinum Credit Card
When looking for the right credit card, it’s important to weigh your options. For example, you might find some credit cards that offer an introductory 0 percent APR on balance transfers, purchases or both for a period of 12 to 18 months. But their regular interest rates might not be as low as 8.5 percent.
Bankrate’s take—Is the DCU Visa Platinum Credit Card worth it?
The answer is yes if you’re looking for a great interest rate and want or need to carry an ongoing or occasional balance.
The answer is no if you need to float a balance for a few months with no interest or save money by paying off a balance over time. Keep in mind that if you need to transfer a balance, there is no fee. But with no 0 percent introductory APR, you will have to pay the regular APR from the onset. Additionally, if you like earning rewards with your credit cards, the DCU Visa Platinum Rewards Credit Card might be a better option.
It’s also important to note that in order to qualify for the DCU Visa Platinum Rewards Credit Card, you must be a member of the Digital Federal Credit Union. You might be eligible to join if you live in Massachusetts or Georgia. If not, another way for you to qualify is to make a small, tax-deductible donation to a DCU nonprofit organization. This might seem like a lot of work, but this interest rate just might be worth it.