A platinum card like this one is a perfect credit card choice for someone with a good credit history and high credit score. The cardholder will have a lower interest rate as a benefit to having such a good credit history.
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Getting a credit score to the point that it qualifies for this type of platinum card can be difficult for people that do not pay close attention to the things that can affect their credit. Financial websites like Smart Money offer great advice on how to get and keep a high credit score.
Marriott Employees’ Federal Credit Union Visa Platinum Credit Card Rates
This credit card has an excellent annual percentage rate of 9.9%.
Since the cardholder would have to have a pretty high credit score to qualify for this card, it only makes sense that they would have a low annual percentage rate.
This rate applies to cash advances, balance transfers, and purchases. There is no penalty interest rate with this credit card.
This low interest rate makes this card a great choice for balance transfers. When someone has a balance on a card with a high interest rate, they can save money in interest payments by transferring that credit card balance to a card with a lower interest rate. The cardholder could potentially save hundreds of dollars every month depending on how high the balance is.
Many cards today try to get new cardholders by offering a no-interest period for balance transfers, but then when the interest period is over their rates are high again. It might be a better choice to forgo the no-interest period for a card like this one that offers a consistently low interest rate.
Marriott Employee’s Federal Credit Union Visa Platinum Credit Card Fees
There is no annual fee for this credit card. The cardholder will be charged a credit card per transaction fee 1% for foreign transactions and 2% for balance transfers and cash advances. The penalty fees for this card are all the same amount. The cardholder is charged $35 for late payments, returned payments, and a returned credit card check.
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