Lake Michigan Credit Union Rewards Plus Platinum Visa Credit Card

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Lake Michigan Credit Union Rewards Plus Platinum Visa Credit CardLake Michigan Credit Union no longer offers the Rewards Plus Platinum Visa credit card. However, it does offer a replacement called the Max Rewards Visa credit card. This credit card is one of only two credit cards offered by LMCU.

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Of the two credit cards offered by Lake Michigan CU, this one is a little bit easier to qualify for. It isn’t a credit card for people with bad credit; however, if you have bumpy credit and recent good reporting on your credit report, you may be able to qualify for this card.

Lake Michigan Credit Union Max Rewards Visa Credit Card Overview

This card is the only reward credit card offered by Lake Michigan Credit Union.

What’s interesting about this card, and why it’s called the Max Rewards Visa, is that it gives you the option of choosing between cash back or a points reward system.

In either case, the formation of the rewards is the same. For example, for all gas purchases you’ll get 3% cash back for every $1 that you spend if you choose the cash back option. If you choose the points reward system, then you’ll get three points for every $1 that you spend. You’ll receive 2% cash back or two points for each $1 that you spend on groceries and all other purchases are one-to-one.

There is a max for the 3% or three-point redemption of $500 in purchases per month. After that, you’ll earn points or percentages at a one-to-one rate.

Lake Michigan Credit Union Max Rewards Visa Credit Card Terms

The starting interest rate for this credit card is 10% and the rate is variable based on the prime rate. This rate applies to purchases, cash advances, and balance transfers. There’s a 25-day grace period in which you can pay off your balance before an interest rate is charged to your new purchases on your card.

This is a no annual fee credit card, with no minimum finance charge, balance transfer fee, or ATM fee. The over the credit limit fee is $25 as well as the returned check fee.

Lake Michigan Credit Union Max Rewards Visa Credit Card Verdict

This credit card offers a decent interest rate and a great rewards program that you should consider. Only certain people can apply for this card because you do have to be a member of the Lake Michigan Credit Union, so that’s something you’ll have to consider.

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