Every credit union offers its own credit cards for its members, and the Royal Credit Union, or RCU, is no exception. In this case, RCU offers the Visa Platinum Rewards credit card.
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In order to qualify as a member of RCU, you have to live or work in specific counties in Wisconsin and Minnesota. Alternatively, if you’re related to someone who’s already a member of RCU, you can also become a member.
RCU Visa Platinum Rewards Credit Card Benefits
In addition to being a rewards credit card that allows you to earn one ScoreCard point for every one dollar you charge, this Platinum Rewards credit card offers a lot of other benefits. In terms of your rewards program, you can redeem your points for merchandise, gift cards, and travel.
Other benefits for using this credit card include:
- Rental car insurance
- Travel emergency assistance
- Extended warranty coverage
- Zero fraud liability
- Roadside assistance
- Online purchase protection
- No annual fee
- Low APR
Still counted as a benefit, but becoming more common these days, is the ability to manage all of your credit card transactions and information online. This includes paying your credit card bill online each month.
RCU Visa Platinum Rewards Credit Card Terms
As mentioned above, there is no annual fee for the RCU Visa Platinum Rewards credit card.
The APR will be 7.75% as the starting rate, and it will be based on your credit score.
The APR is variable based on the current prime rate.
There is a cash advance fee and a balance transfer fee of 3% or $10, whichever is greater. This amount is based on your balance total for your transaction. The maximum fee for either of these services for a single time is $75.
The maximum late payment fee is $35 and the maximum returned payment fee is $15. Both of these fees are based on your credit card balance, which is a requirement of the Federal Reserve, according to its Credit Card Rules.
RCU Visa Platinum Rewards Credit Card Verdict
The Visa Platinum Rewards credit card has an excellent APR and great benefits. If you have the right credit score–which means you have very good to perfect credit–and you’re a member of this credit union, then you should seriously consider applying for this credit card.
The FREE credit chaser tool allows you to compare credit cards online quickly and easily!
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