The Verdict: Live in California? You’re in luck. This means that you can join The Golden 1, a credit union open only to California residents. And once you’re a member of this credit union, you can apply for The Golden 1 Platinum Rewards Visa credit card. This card is a good one to have in your wallet because it comes with both a solid rewards program and a low purchase interest rate. Overview: The Golden 1 Platinum Rewards Visa card will provide you with either a cash-back bonus on all of your purchases or the ability to lower your variable interest rate. The choice is yours. How This Card Works: If you choose the cash-back option, your cash back will be credited to your account every month. Travel & Shopping Benefits: You’ll receive a cash-back bonus of 1 percent of every purchase that you make with your Golden 1 Platinum Rewards Visa credit card. Fees: Depending on your credit, the Golden 1 Platinum Rewards Visa card comes with a purchase interest rate ranging from 9.9 percent to 17 percent. If you make a late payment, make a payment that is returned or go over your credit card’s limit, though, you might suffer a penalty interest rate of 22.9 percent. Cash advances cost either $5 or 2.5 percent of the advance amount, whichever figure is higher. Late-payment fees can run as high as $15, while returned-payment fees are just $5. There is no annual fee with this card. Pros:
No annual fee.
Solid rewards program.
Low purchase interest rate depending on your credit.
No opportunity to earn extra cash back for specific purchases.
Penalty interest rate soars above 22 percent.
Must be a member of Golden 1 Credit Union to apply for this card.
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