DCU Visa® Platinum review | finder.com

DCU Visa® Platinum Credit Card review – June 2018

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Get a variable APR as low as 10.00% on both purchases and balance transfers.

30-second take

  • Get this card if you think you’ll qualify for a low APR and you want few fees.
  • Pick something else if you want a 0% intro APR or rewards.
  • Apply with a good to excellent credit score of 680 or higher.
Product NameDCU Visa® Platinum Credit Card
Balance Transfer Rate (not intro)10.00% to 18.00% variable
APR for Purchases ( Purchase Rate )10.00% to 18.00% variable
Annual fee$0
Cash Advance Rate10.00% to 18.00% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Interest$0
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Late Payment Fee$35
Cash Advance Fee$0

Our review

The DCU Visa® Platinum Credit Card is about as straightforward a card as you can find. You’ll get a variable APR of 10.00% to 18.00% variable for purchases, balance transfers and cash advances. On top of paying $0 annual fee, you’ll pay no balance transfer, foreign transaction or cash advance fees.

The card may be a good choice if you think you’ll qualify for a low APR. However, you may want to compare other cards, especially those that offer 0% introductory APRs.

Should you get the DCU Visa® Platinum Credit Card?

  • If you want a 0% intro APR or rewards, check out other cards.
  • If you think you’ll qualify for a low APR and you want few fees, the DCU Visa® Platinum Credit Card may be a good choice.

The perks

  • ANNUAL FEE:
    $0

    A $0 annual fee makes it easy to keep the DCU Visa® Platinum Credit Card long term.

  • Limited fees.

    Digital Federal Credit Union doesn’t charge balance transfer, cash advance or foreign transaction fees.

You’ll also like…

  • Potentially low APR.

    Depending on your creditworthiness, you may qualify for a variable APR as low as 10.00% on purchases, balance transfers and cash advances.

Other benefits

No annual fee credit card deals

Rates last updated June 25th, 2018
Name Product Product Description Annual fee APR for Purchases ( Purchase Rate )
HSBC Cash Rewards Mastercard® credit card
Earn unlimited 1.5% cash rewards on all purchases. See Rates and Fees
$0
14.49%, 18.49%, or 24.49% variable
Amex EveryDay® Credit Card
Earn 15000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
$0
14.74% to 25.74% variable
Blue Cash Everyday® Card from American Express
Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
$0
14.74% to 25.74% variable
Chase Freedom® credit card
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
$0
16.49% to 25.24% variable
Chase Freedom Unlimited® credit card
Earn unlimited 1.5% cash back on every purchase – it's automatic. No minimum to redeem for cash back.
$0
16.49% to 25.24% variable
Bank of America® Cash Rewards Credit Card
Earn more cash back for the things you buy most.
$0
14.74% to 24.74% variable
Bank of America® Travel Rewards Credit Card
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
$0
16.49% to 24.49% variable
Chase Slate® Credit Card
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
$0
16.49% to 25.24% variable
Quicksilver® from Capital One®
Earn unlimited 1.5% cash back on every purchase, every day
$0
14.49%, 20.49% or 24.49% variable
Uber Visa Card
Get 4% points back on dining, 3% on travel, 2% on Uber rides and online shopping and 1% on other purchases, and redeem points for Uber credits, gift cards or cash back.
$0
16.49%, 22.24% or 25.24% variable
Discover it® Card
Earn 5% Cash Back in rotating categories each quarter like gas stations, restaurants, Amazon.com, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus unlimited 1% cash back on all other purchases.
$0
13.49% to 24.49% variable
Discover it® Miles Travel Credit Card
Earn unlimited 1.5x Miles for every dollar spent on all purchases – from airfare and hotels to groceries and online shopping.
$0
13.49% to 24.49% variable
Citi® Double Cash Card
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
$0
15.24% to 25.24% variable

Compare up to 4 providers

How does a balance transfer work with this card?

What to watch out for

  • Penalty APR.

    Digital Federal Credit Union may apply a fixed penalty APR of 18.00 variable% to your account if you make a late payment. This rate applies until you make six consecutive on-time payments.

    DCU’s penalty APR is much lower than that of other credit card providers, as it’s not uncommon to see one above 25%. Still, don’t be afraid to compare other credit cards if you don’t like penalty APRs. Plenty of providers don’t charge them.

What to know before you apply

To apply for the DCU Visa® Platinum Credit Card, you must be at least 18 years old.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number.

What credit score do I need?

You’ll have a better chance of approval if you apply with a good to excellent credit score of 680 to 850.

What’s actually considered a good credit score?

How to apply for the DCU Visa® Platinum Credit Card

1. Go to the Digital Federal Credit Union website and click Apply Now.
2. Select the Credit Card from the Credit Card Type drop-down menu. Then select New Visa, and click Continue.
3. Complete the application with details like your name, address, annual income and Social Security number.
4. Review and submit your application.

How long will it take to be approved?

Typically, credit card providers decide on your application approval within 10 days. In some cases, your application is approved immediately.

If there are issues with your application, you may need to wait up to a few weeks to hear back.

I got the card. Now what?

  • Make timely payments. Pay your bill online at DCU’s site, where you can enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of at least 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late payments come with fees of up to $35.
  • Contact customer service. If you have questions, contact DCU at 800-328-8797.

Bottom line

$0 annual fee, a potentially low APR and almost no transaction fees — If these benefits resonate with you, then the DCU Visa® Platinum Credit Card may be a good choice.

Otherwise, look into other cards and providers offering enticing intros and even rewards.

Frequently asked questions

Images: dcu.org

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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