The Founders Platinum card also earns rewards on every dollar spent, which cardholders may redeem for merchandise, travel and more through CURewards.
There is no annual fee for the Founders Platinum credit card, whether it’s the Mastercard or Visa. The same variable APR applies to purchases, cash advances and balance transfers. The APR will be 9.85%, 10.85%, 13.85% or 17.90%, depending on credit history.
A penalty APR may be incurred on the account if a payment is made more than 60 days late. If the penalty APR is applied, it will remain in effect until six consecutive on-time payments have been made. The penalty APR is 17.90%.
There is a minimum interest payment of $1.00.
Both late payments and returned payments may result in a penalty fee of up to $29.
There is no transaction fee for balance transfers or cash advances, although there are a few other fees that may apply to cardholders. A “cross border” transaction fee of 1.00% may be charged, and a lost or stolen card replacement costs $6. The receipt copy fee is $5 and the research fee is $20/hour and $2 per copy.
The Bottom Line
No annual fee
Rewards through CURewards
No transaction fee on balance transfers or cash advances
Must be a Founders member to apply
Penalty APR may apply
APR may be as high as 17.90%
Lacks a substantial amount of travel rewards
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