The Platinum MasterCard offered by TDECU offers many great features to the cardholder that has a credit score high enough to qualify. These features include low interest rates, a minimum credit limit of $2,000, and very few fees.
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Today many people are choosing to go with credit unions instead of banks because they tend to have better interest rates on credit cards and loans. They also feel like they are treated better at a credit union, as banks are often more concerned about their stockholders than their customers. To locate a credit union in your area, you can use the Credit Union Locator tool from the National Credit Union Administration.
TDECU Platinum MasterCard Rates
Depending on their creditworthiness, a person with this Platinum MasterCard from TDECU can expect to pay anywhere from 7.99% to 17.99% in interest. Typically, a card’s purchase interest rate and balance transfer interest rate are the same, while the rate for credit card cash advances is much higher.
With this card, the rate is the same for all three transactions. The cardholder will pay no interest for purchases and cash advances for the first six months, and no interest for balance transfers for the first nine months after they open an account.
It is rare to find a card that offers a no-interest period of any length for cash advances, so if the cardholder needs to make a significant cash advance, this card would be an excellent choice for them.
The most common form of cash advance is a credit card convenience check option.
If the cardholder needs to make a significant cash advance with this card, they would save a lot of money by not have to pay interest on that balance for six months. There is also no cash advance fee for this card, which makes it an even better choice for cash advances.
TDECU Platinum MasterCard Fees
The only transaction fee for this card is a the credit card balance transfer fee. Compared to most other cards on the market today, the balance transfer fee is pretty low at 2%. There is also a $25 penalty fee for going over the card’s limit, having a payment returned, and making a payment late.