If you’re a former or current educator in Jackson, Livingston, Macomb, Wayne, Washtenaw, or Oakland counties in Michigan, then you can qualify to be a member of the Michigan Educational Credit Union. This will also qualify you to apply for their Visa Platinum credit card.
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The Visa Platinum credit card is one of four personal credit cards offered by the Michigan Educational Credit Union. To determine whether or not the Visa Platinum credit card is the right option for you, keep reading!
Michigan Educational Credit Union Visa Platinum Credit Card Disclosures
In order for the Michigan Educational Credit Union to provide you with a credit card, they must first reveal all of their fees and terms. In addition, they must share with you what the credit card APR will be for purchases, balance transfers, and cash advances.
The APR for all uses for this credit card will be 9.9%.
No matter what your credit score is, if you qualify for this credit card, your interest rate will be 9.9%. Before you get too excited, if you have bad credit you’re not going to qualify for this Visa Platinum credit card.
If you’re not sure if you will qualify, you can call the credit union and ask what their credit score requirements are. In addition, you can check out other things that a creditor might look for on your credit report at the Federal Reserve.
There’s no annual fee, ATM fee, balance transfer fee, etc. for this credit card. There’s also no credit card returned payment fee on this card, or an over-the-credit limit fee; although, there is a $20 late payment fee. The foreign transaction fee for this credit card is 1% of your balance total in U.S. dollars.
Michigan Educational Credit Union Visa Platinum Credit Card Benefits
There are several benefits to choosing this credit card. These benefits include:
- $1,000,000 in travel accident insurance
- Car rental insurance for collision and loss
- Extended warranty services
- 24/7 emergency service
Michigan Educational Credit Union Visa Platinum Credit Card Terms
This credit card offers a fairly decent interest rate, although it is slightly high considering that this is not a rewards credit card. However, you don’t have to have perfect credit to apply for this card, so those of you with less-than-perfect credit may be able to qualify.
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- Michigan Educational Credit Union Visa Gold Credit Card
- Michigan Educational Credit Union MasterCard Credit Card
- Michigan Educational Credit Union Visa Classic Credit Card
- Lake Michigan Credit Union Prime Link Platinum Visa Credit Card
- Michigan State University Federal Credit Union Visa Platinum Credit Card
- Educational Community Credit Union MasterCard Credit Card
- Lake Michigan Credit Union Rewards Plus Platinum Visa Credit Card