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The Verdict: Florida residents who are members of the VyStar Credit Union can apply for one of three credit cards affiliated with the financial institution, the Platinum Rewards Plus Visa, Platinum Cash Back Visa or the standard Platinum Visa. Each of these cards comes with a purchase interest rate under 10 percent, far below what you’ll find with most mainstream consumer credit cards. This makes either of these cards a quality addition to your wallet.
Overview: As their names suggest, each VyStar Credit Union card operates differently. The Platinum Rewards Plus Visa provides consumers with rewards points, while the Platinum Cash Back Visa provides cardholders with cash-back bonuses. The Platinum Visa is a standard card that does not come with a rewards or cash-back program.
How These Cards Work: Every time you make a purchase with the VyStar Credit Union Platinum Rewards Plus Visa Card or Platinum Cash Back Visa card, you’ll receive either rewards points or a percentage of cash back on the purchase. Once you earn enough rewards points, you can redeem your points for hotel stays, name-brand merchandise, gift cards or airfare. If you choose the cash-back card, you’ll receive your cash back every October as a credit to your card statement.
Travel & Shopping Benefits: With the Platinum Cash Back Visa, you’ll earn 2 percent cash back on all gas and grocery purchases and one percent cash back on all other purchases. With the Platinum Rewards Plus Visa, you’ll receive one point for every dollar that you charge.
Fees: Each VyStar Credit Union Visa card comes with a low purchase interest rate. The standard Platinum Visa card come with a purchase interest rate as low as 9.10 percent. Both the Platinum Cash Back and Platinum Rewards Plus Visa cards come with purchase interest rates as low as 9.50 percent. None of the cards carry an annual fee or a cash-advance fee. The late-payment, returned-check and returned-payment fees on these cards can run up to $25.
- Low purchase interest rates
- Solid cash-back and rewards programs
- No annual fees
- Must be member of VyStar Credit Union to apply for these cards