Often times, the best place to get a low interest credit card that also includes a rewards program is a credit union. This article today will review the Central Florida Educators FCU MasterCard Platinum Rewards credit card and see how it compares to other rewards credit cards.
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The Central Florida Educators FCU MasterCard Platinum Rewards credit card is not a bad credit credit card. Compared to other credit cards, with its low 10.25% starting interest rate, it is a low interest credit card that is available to people with very good to perfect credit.
Central Florida Educators FCU MasterCard Platinum Rewards Credit Card Overview
This CFE credit card is a rewards credit card that offers you one point for every $1 that you spend using your credit card. Points can be redeemed for travel and gift cards with as little as 2500 points. There is no cap on the amount of points that you can earn and no expiration date for the points as well.
The downside here is that you cannot earn additional points for special purchases or by making purchases through specific vendors. This can make earning points tedious and slow for the average card user.
This credit card offers a number of benefits that include travel protection, car rental insurance, fraud protection and even the ability to lock the account during times you know you won’t be using the card to prevent fraudulent purchases.
CFE does prevent any international purchases on the card, which means you cannot make online purchases in the United States from an international seller. If you are traveling internationally, you will need to call CFE two weeks prior to your trip to ensure that you can use your card while you travel.
Central Florida Educators FCU MasterCard Platinum Rewards Credit Card Terms
The terms for this card include:
- No annual fee
- 10.25% APR with a max of 17.75%
- Same APR for purchases, balance transfer and cash advance
- No cash advance or ATM fees
- No balance transfer fees
The penalty fees vary based on your credit card balance. This is a requirement of the Federal Reserve, which prevent too many fees being charged if you miss or are late for a payment.
Central Florida Educators FCU MasterCard Platinum Rewards Credit Card Verdict
Yes, this is a low interest credit card but there is nothing special about it in terms of the rewards that it offers. You should defiantly compare this card with your other options, as you are likely to find better rewards options with similar interest rates.
Compare credit cards and options online with the free credit card chaser tool!
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