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Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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The Consumers Credit Union Platinum Visa Card is a rare gem among balance transfer cards. In addition to 12 months of 0% intro APR for new purchases and balance transfers, you'll also get a super competitive APR after the intro period ends. Check out what other perks the CCU Platinum Visa has to offer in our expert review.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 3.00 out of 5 stars.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good (670-850)
Intro APR
0% APR on new purchases and balance transfers for 12 months
Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months
Regular APR
16.95%-27.95% (Variable)
Annual Fee
$0
Welcome Offer
N/A
With a 12-month 0% APR offer and no annual fee, this card is great for those who want to consolidate credit card debt or finance a big purchase.
0% intro APR
No annual fee
Competitive regular APR
High balance transfer fees
Short 0% APR period
No sign-up bonus
0% APR on new purchases and balance transfers for 12 months
No annual fee
Automated Fraud Alerts - FREE VISA credit card fraud monitoring
Balance Transfers = 3% of the total amount of the Balance Transfer (minimum fee of $5.00)
Cash Advances = 5% of the total amount of the Cash Advance (minimum fee of $5.00)
Secure online account review and payment options from the CCU site
Visa's Zero Liability means you're protected if your card is lost or stolen
Travel & Emergency Assistance services including medical and legal referrals, emergency ticket replacement, and more, available 24 hours a day and every day of the year by calling a toll-free number or calling collect outside the U.S.
ID Navigator Powered by NortonLifeLock. Your partner against identity theft. No one can prevent all identity theft, so staying informed and knowing what to do when your identity is threatened can give you greater peace of mind. ID Navigator Powered by NortonLifeLock helps provide you with tools so you can act quickly. To confirm eligibility, visit www.cardbenefitidprotect.com.
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back on rotating categories
Discover will match all the cash back you've earned at the end of your first year.
N/A
1% - 5% Cashback
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back
Up to $300 cash back
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases.
1.5% - 5% cash back
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Intro:
0% Intro APR on Purchases and Balance Transfers for 15 months
Purchases: 0% Intro APR on Purchases, 15 months
Balance Transfers: 0% Intro APR on Balance Transfers, 15 months
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for earning travel rewards
75,000 Miles
75,000 Miles once you spend $4,000 on purchases within 3 months from account opening
2X-5X miles
Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.
Full Consumers Credit Union Platinum Visa Card review
This credit card is a good fit for: Those who want to pay off debt or avoid high APR.
Top perks
If you want to get out of credit card debt -- or finance a big purchase -- the Consumers Credit Union Platinum Visa Card could be right for you. Here's what this card has to offer.
Intro 0% APR
For 12 months, you'll pay zero interest on new purchases and balance transfers. Perfect for those who want to pay down debt or who are expecting a big purchase and don't want to pay high interest.
Lower-than-average regular APR
A good credit score could land you a low APR after your 0% period ends. Since APRs are subject to change, check out Consumer Credit Union's schedule for the most current Platinum Visa card rates.
What could be improved
TheCCU Platinum Visa has some good perks, but it's not well suited for everyone. Here are some weaknesses you should be aware of.
No sign-up bonus
Unlike some credit cards, the Consumers Credit Union Platinum Visa Card doesn't have a lucrative sign-up bonus, like earning $200 after spending $3,000 in the first several months. The only bonus is the 0% intro APR period.
0% period could be longer
While 12 months of 0% intro APR isn't bad, it's also not the longest we've ever seen. Some cards will offer up to 18 months, and sometimes even longer, for balance transfers.
Balance transfer fees
You'll pay $5 or 3.00% of the transfer amount, whichever is greater, as an upfront fee. So for every $1,000 you transfer, you'll pay $30. While balance transfer fees are pretty typical, having that extra tacked on when trying to transfer and pay off debt is still a bummer.
Suggested credit score
You should have good to excellent credit, or a FICO® score of at least 670 when you apply for the Consumers Credit Union Platinum Visa Card. While you might get approved with a lower credit score, you'll need to have some compensating factors, like a higher income or low debt, to balance out the low score.
The Consumers Credit Union Platinum Visa Card is right for you if:
You want a balance transfer credit card with 12 months of .
You're a member of Consumers Credit Union and want to keep all your accounts in one place.
Our credit card methodology
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
FAQs
Both cards offer many of the same perks. The difference is that Platinum Rewards will earn 1 point for every $1 you spend, while Platinum doesn't earn rewards.
It doesn't have an annual fee. But it does charge a cash advance fee (5% of the total cash advance) and a balance transfer fee ($5 or 3.00% of the transfer amount, whichever is greater).
First, join the Consumers Cooperative Association (Consumers Credit Union will reimburse the one-time $5 fee). Through this association, you'll then qualify to join Consumers Credit Union.
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Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Citigroup is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Amazon, Target, and Visa. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.
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Fact Checked
Nathan Alderman
