If you’re looking for a rewards credit card that also rewards you for your excellent credit score, then you might be interested in the Grow Financial Federal Credit Union Visa Platinum credit card. Even if you don’t have perfect credit, the Grow Financial credit card is available for people with not-so-perfect credit who have had no recent problems on their credit report.
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Of course, you do have to be a member of Grow Financial Federal Credit Union in order to apply for this Grow Financial credit card. Fortunately, being a member is easy, as you can become a member if you’re in the military, related to someone in the military, or willing to join a specific group that supports the military.
Grow Financial FCU Visa Platinum Credit Card Overview
The GFFCU Visa Platinum credit card is a rewards credit card that’s part of the ScoreCard rewards program offered by Visa. This program allows you to earn one point for every dollar you spend. You can redeem your points for merchandise, travel, gift cards, and more.
The Grow Financial FCU card also offers an introductory APR credit card rate. However, that APR will actually depend upon your credit score and will range between 1.99% for someone with perfect credit to 9.99% for someone with not-so-great credit. This introductory APR applies to purchases and balance transfers.
The introductory APR will default if you are late on any payment during the first six billing cycles, which is when the introductory APR is applicable. At that time the penalty APR can be applied, which is 18% APR. However, the penalty APR isn’t applied in this case unless you’re late two times in the 60-day period.
Grow Financial FCU Visa Platinum Credit Card Terms
The terms of the card are very easy to follow because there are very few fees. There is a 1% foreign transaction fee but there are no ATM fees, balance transfer fees, or cash advance fees. There are penalty fees, which apply based on the criteria dictated by the Federal Reserve, as explained in the Reserve’s Credit Card Rules.
These fees include a $25 over-the-limit and return payment fee, and a $35 credit card late payment fee. Those are the only additional fees associated with this credit card, although if you lose your credit card there are credit card replacement fees.
Grow Financial FCU Visa Platinum Credit Card Verdict
This credit card could be a valuable addition for anyone who wants a rewards credit card with a lower interest rate. Interest rates, which vary between 10.24% and 17.99%, are considered to be very good for a rewards credit card.
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