Because the DCU Visa® Platinum Credit Card has an extremely low ongoing APR on purchases and balance transfers, it may be an ideal option if you typically carry a balance on your credit card from month to month — if you can qualify for the lowest interest rate.

The DCU Visa® Platinum Credit Card doesn’t offer a rewards program. However, it does come with a $0 annual fee and $0 in foreign transaction fees. As for balance transfer and cash advance fees — there are none.

We highlight the pros and cons of the DCU Visa® Platinum Credit Card and show how it compares to similar low-interest-rate credit cards to help determine if it’s the right fit for you.

• Low ongoing APR

  With an APR range of 12.75% to 18.00%, the DCU Visa® Platinum Credit Card could be a great card to have in your wallet if you tend to carry a balance, and if you can qualify for the low end of the APR range.

• Annual fee

  DCU Visa® Platinum Credit Card holders receive a $0 annual fee.

• Limited other fees

  Along with a $0 annual fee, the DCU Visa® Platinum Credit Card doesn’t assess a lot of other typical credit card fees, including:

  • A balance transfer fee of none.
  • A cash advance fee of none.
  • $0 in foreign transaction fees.

  Note, the card does assess a late payment fee of up to $35. Also know, if you miss a payment, you can lose the low APR.

• No rewards program

  With the DCU Visa® Platinum Credit Card, you won’t earn rewards on the purchases you make or a sign-up bonus, since the card doesn’t offer a rewards program.

  If you’re interested in earning points, cash back or miles from your purchases, take a look at these rewards credit cards.

• No intro APR

  While the DCU Visa® Platinum Credit Card comes with a very reasonable ongoing APR, it doesn’t offer a 0% intro APR on purchases or balance transfers.

  If you’re looking for a card with an interest-free period for a year or longer, check out these 0% intro APR cards.

• Limited benefits

  The DCU Visa® Platinum Credit Card doesn’t offer some common card benefits, like purchase protection or extended warranty. However, that’s pretty typical for a $0 annual fee card with no rewards program.

• DCU membership required

  To apply for the DCU Visa® Platinum Credit Card, you’ll need to be a member of Digital Federal Credit Union.

  To be eligible, you must be related to a current DCU member, employed by or retired from a participating company, belong to an eligible organization or live, work, worship or attend school in an eligible community. You can also join a participating nonprofit for a nominal fee.

Compare it to the Citi Simplicity^® Card

 

If you need to finance a large purchase over time, or you have a large amount of high-interest debt that you need to transfer, a card that offers an interest-free period for a year or longer could be a much better choice for you — a card like the Citi Simplicity^® Card, issued by our partner Citi.

The Citi Simplicity^® Card offers an intro APR of 0% for 12 months on purchases; after that, a 18.49% - 29.24% (variable) applies.

In addition, the card has an intro APR of 0% for 21 months on Balance Transfers, then a 18.49% - 29.24% (variable) applies.

The Citi Simplicity^® Card comes with a $0 annual fee, and it won’t assess late fees or a penalty APR if you pay late. That said, because paying your bill late can have a negative impact on your credit score, we recommend always paying your bill on time and in full whenever possible.

You should also know that a there is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. Then a balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. The Citi Simplicity^® Card also charges a cash advance fee of 5% of each cash advance; $10 minimum, as well as foreign transaction fees of 3% of each purchase transaction after its conversion into U.S. dollars.

If you’re in the market for a card that offers the possibility of a very low APR on purchases and balance transfers, along with limited fees, the DCU Visa® Platinum Credit Card could be a good fit.

But if you’re planning to make a large purchase and pay it off over time or transfer a balance from a high-interest card, a better choice might be the Citi Simplicity^® Card. Along with an interest-free period on purchases for a year, that card offers an intro APR on balance transfers for close to two years. The Citi Simplicity^® Card also charges a $0 annual fee.

The information related to the Wells Fargo Platinum card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.