This Platinum Visa credit card is the most prestigious credit card offered by the Watermark Credit Union. The applicant must have a high credit score and annual income to qualify for this card.
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It is vital that a credit cardholder stay up-to-date on what is happening in the credit world. Even small policy changes or trends can influence the rates and terms of the credit cards in their wallet. The Wall Street Journal’s Smart Money website keeps a list of all relevant information on what is new concerning credit cards.
Watermark Credit Union Platinum Visa Credit Card Rates
This credit card has an interest rate of 10.99% for purchases, cash advances, and balance transfers. This is the best rate of any of the Watermark Credit Union credit cards. This interest rate will only change if the country’s prime rate for credit cards changes and not if the cardholder’s credit score changes.
This low rate makes this card a decent choice for someone that wants to make a balance transfer. If someone has a balance on a credit card with a much higher interest rate, they could save themselves a lot of money just by transferring that balance to a card like this one that has a lower interest rate.
Sometimes, when someone is paying fees on a balance transfer on a high-interest card, most of the credit card’s minimum monthly payment goes to paying down the interest instead of paying the principle amount.
By having a card with a lower interest rate, the cardholder will be able to pay their principle balance off quicker, which will save them a lot of money in interest payments.
Watermark Credit Union Platinum Visa Credit Cards Fees
This Watermark Credit Union Platinum Visa credit card has no annual fee or application fee at this time. There is also no fee for balance transfers. Typically, a credit card will require the cardholder to pay a fee or a percentage of the total amount being transferred. The fact that there is no fee is another reason why this card is a really good choice for balance transfers.
There is a $10 fee for cash advances. There is a 1% fee for foreign transactions that involve a currency conversion. If there is no currency conversion, there is only a .8% fee.
There really is such a thing as a no-fee balance transfer credit card. Look for more of them for FREE using the tool above!
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