DCU Visa® Platinum review | finder.com

DCU Visa® Platinum Credit Card review – October 2018

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Get a variable APR as low as 10.5% 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 intro APR or rewards.
  • Apply with a good to excellent credit score of 680 or higher.
Product NameDCU Visa® Platinum Credit Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases10.5% to 18% variable
Cash Advance Rate10.5% to 18% variable
Foreign Transaction FeeNone
Cash Advance FeeNone
Interest Free PeriodUp to 25 days
Late Payment Fee$35
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age

Our review

The DCU Visa® Platinum Credit Card is about as straightforward a card as you can find. You’ll get an APR of 10.5% to 18% 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 10.5% on purchases, balance transfers and cash advances.

Other benefits

Name Product Annual Fee APR (Annual Percentage Rate) for Purchases
$0
14.99% to 25.99% variable
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
$0
14.99% to 25.99% variable
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
13.99% variable
A low, variable APR on purchases, balance transfers and cash advances.
$0
14.99%, 18.99% or 24.99% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
$0
17.74% to 26.74% variable
Earn 10,000 Bonus Miles after spending $500 in purchases on your new Card in your first 3 months of Card Membership. Rates & Fees
$0
17.74% to 26.74% variable
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the Card within your first 3 months of Card Membership. Rates & Fees
$0
16.74% to 25.49% variable
Earn 5% Cash back in bonus categories up to $1,500 every quarter. Earn 1% Cash back on all other purchases.
$0
16.74% to 25.49% variable
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
$0
15.24% to 25.24% variable
Earn more cash back for the things you buy most.
$0
15.24% to 25.24% variable
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.

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 penalty APR of 18% 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.

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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