Kinecta Visa Signature Rewards Credit Card Review | CreditShout

Kinecta Visa Signature Rewards Credit Card Review

By Christine Layton / November 6, 2011

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The Verdict: The Kinecta Visa Signature Rewards card is designed to offer excellent travel and shopping benefits to cardholders. With benefits like exclusive access to events, preferred seating, VIP treatment and upgrades, many members find the $50 annual fee worth the price. This card offers many high-end services like 24-hour concierge for a reasonable price, even though the APR can be fairly high and balance transfers and cash advances are subject to a 3% fee.

Overview: Kinecta Credit Union offers a range of credit products, although the Visa Signature Rewards card represents their ultimate credit card. The card offers a number of high-end services and benefits to cardholders for a fairly reasonable $50 annual fee. Cardholders enjoy exclusive access to events, preferred seating, discounts and special retailers and advanced ticket sales, among other things. When combined with the free upgrades and concierge service, this card is a great choice for individuals who love to use their credit card for entertainment and shopping.

How These Cards Work: The Kinecta Visa Signature Rewards card is designed to give the cardholder excellent shopping and traveling benefits, such as free upgrades and concierge service. There is a 25 day grace period on all purchases, allowing the cardholder to avoid interest charges by paying the balance in full during this time. If interest is charged, the minimum fee is $1.00. Balance transfers and cash advances cost 3% of the total transaction with a minimum of $10. Every $1 spent with the Signature Rewards card earns 1 Dream Rewards point, which may be redeemed online for merchandise, travel, gift cards and even exclusive events.

Travel & Shopping Benefits: The Visa Signature Rewards card has a number of travel and shopping benefits. It features excellent fraud protection and car rental insurance, along with $1,000,000 in travel accident insurance when tickets are purchased with the card. Cardholders can also use services like emergency cash, assistance and card replacement. Members also gain preferred access to dining, entertaining and sporting events, free 24-hour concierge, hotel upgrades and special discounts from retailers. VIP treatment is also given to many hotels, spas and resorts. Members may also periodically receive invitations to exclusive events like the Kentucky Derby, as well as advanced ticket sales and preferred seating to many events. The card also includes Dream Points Rewards, earning 1 point for every $1 spent. Points can be redeemed for merchandise, travel, gift cards and more.

Fees: The Visa Signature Rewards card comes with a $50 annual fee. The APR on purchases and balance transfers is a variable 9.99% -18.00%, depending on credit. Cash advances are subject to an APR between 11.99% and 18.00%. The default APR on this credit card is 18.00% for all purchases, balance transfers and cash advances. The minimum interest charge is $1.00. Transaction fees for balance transfers and cash advances are 3%, with a minimum of $10. A 1.00% foreign transaction fee is applied for transactions outside the country of issue. The late payment and returned payment fees are $25. In addition, Kinecta charges $12 for document copy fees with one free annually, and a $25 rush card replacement fee.

Pros:

  • Exclusive discounts, offers and invitation-only vents
  • 24-hour concierge service
  • Upgrades and discounts at retailers and hotels
  • $1,000,000 in travel accident insurance and emergency assistance
  • Earn 1 point in rewards for every $1 spent

Cons:

  • Must be a member of the Kinecta Credit Union to apply
  • $50 annual fee
  • 3% transaction fee for balance transfers and cash advances
  • APR up to 18.00%
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.

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