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Verdict: The Platinum Visa from Travis Credit Union has a lot to offer members. The APR is reasonable and the credit limit is generous for those who qualify. This credit card offers travel insurance, rental insurance and excellent fraud protection. Still, the interest rate may be as high as 18.99% for those with poor credit and the rewards program with this card is an additional $25 annually. Although this card may be a good choice for those who simply want to opt out of the rewards and use the card to finance large purchases, for most individuals there are better options out there that do not charge for a rewards program.
Overview: Travis Credit Union offers membership to personnel of the Travis Air Force Base and residents in nearby counties. The credit union offers many services to members, including different credit cards. The Platinum Visa card has a generous credit limit for applicants with great credit. It also offers an interest rate as low as 10.99%, travel benefits and an optional rewards program. Still, this card does charge an additional fee for the rewards and the APR may be as high as 18.99%. This credit card is best for those who wish to opt out of the rewards and simply use the card for emergencies or occasional purchases.
How These Cards Work: This credit card is accepted worldwide and has a 25-day grace period. This gives the cardholder 25 days to repay their balance in full before interest is charged. The Platinum Visa has a credit limit between $2,000 and $50,000, depending on credit history. Interest on cash advances and balance transfers begins immediately on the transaction date. This credit card has fraud protection through Verified by Visa, which allows the cardholder to select a personalized password to use while shopping online to verify identity. This credit card also has an optional rewards program that the cardholder may opt into. The program costs an additional $25 per year and earns 1 point for every $1 spent through ScoreCard.
Travel & Shopping Benefits: There are many benefits to the Travis CU Platinum Visa. This credit card features auto rental insurance, which allows the cardholder to waive optional insurance options while renting a vehicle and still receive coverage for damage and theft. Common carrier accident insurance is also included, which covers the cardholder and immediate family members in case of accident when tickets are purchased with the credit card.
Fees: There is no annual fee for the Travis CU Platinum Visa. The APR is a variable 10.99% to 18.99%, depending on credit worthiness. This APR applies to purchases, balance transfers and cash advances. There is no penalty APR and no minimum finance charge. There is no fee for balance transfers during the first 90 days, although it is 2% with a maximum $25 after that. Cash advances are charged a flat $5 fee. Foreign transactions are subject to a fee of 1%. Late payments and returned payments both incur a penalty fee of $15. Card replacements are $5. The Visa Rewards program is optional and costs an additional $25 annually.
- No annual fee
- No fee for balance transfers for 90 days
- Credit limit up to $50,000
- Low interest rate and fees
- Optional rewards program
- Must be a member of Travis Credit Union
- APR as high as 18.99%
- Rewards program is $25 annually