Should you apply for the Ball State Federal Credit Union Platinum Plus Visa Credit Card w/ WorldPoints? WorldPoints is a popular credit card rewards program. WorldPoints has rewards programs with many well-known retailers, including iTunes, Lowe’s, and Starbucks, and many financial institutions offer WorldPoints rewards cards, including Ball State Federal Credit Union. In this review of the Ball State Federal Credit Union Platinum Plus Visa Card with WorldPoints Rewards, we will take a look at the advantages and disadvantages of this card and then be sure and use our free credit card finder to compare credit cards today!
The Ball State Visa Card’s Rates and Fees
The most important part of any credit card is not the rewards, but the penalties. There is a cost involved in using most credit cards unless you never keep a balance. The cost of using the Ball State Federal Credit Union Platinum Plus Visa Card with WorldPoints Rewards is pretty minimal, considering some of the other credit cards available.
There is no annual fee, and the first seven to ten months are interest-free, depending on how good your credit is. After the initial interest-free period, the annual percentage rate, or APR, is 12.99% to 20.99%, once again depending on how good your credit is. Once the initial period is over, there is also a 4% fee on balance transfers, wire transfers, and cash advances, with a minimum fee of $10 per transaction.
There is also a 3% fee on foreign transactions. Finally, there is a $15-$39 fee for late payments, depending on your balance, and a $35 fee for returned checks.
The Ball State Visa Card’s WorldPoints Rewards
The cost of a credit card may be the most important part, but the rewards are certainly the fun part. The Ball State Federal Credit Union Platinum Plus Visa Card with WorldPoints Rewards offers a variety of rewards, from merchandise to travel to gift cards and even to cash and charitable donations. While WorldPoints affiliates include many popular retailers and restaurants, the minimum amount of points you need to earn before you can earn a reward is pretty high: 2,500 points. And the conversion rate isn’t very good, either. 2,500 points will earn you a whopping $12.50 in cash. That means you’re earning 0.5% cash back.
The Ball State Visa Card is a Good Credit Card, But No More Than That
If you’re just looking for a good credit card with a decent rate, then the Ball State Federal Credit Union Platinum Plus Visa Card with WorldPoints Rewards is a solid choice that can compete with other credit cards that are available. But when it comes to rewards, there are certainly better rewards programs available through other financial institutions. Some of them offer up to 3% or even 5% cash back on transactions. If you’re looking for rewards, then you might want to look elsewhere. Be sure and compare all rewards credit card offers and use our free tools to find and compare credit cards today!
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