Visa Platinum Cash Rewards from NASA Federal Credit Union Review

As an experienced financial expert, I am often asked to review various credit cards and provide insights that can help consumers make informed decisions. Today, I will be reviewing the [Visa Platinum Cash Rewards Credit Card](https://www.nasafcu.com/credit-cards/visa-platinum-cash-rewards/) from NASA Federal Credit Union. This card offers a straightforward cashback program without an annual fee, making it an attractive option for many consumers. In this comprehensive review, we’ll explore the card’s features, benefits, pros and cons, and more.

Visa Platinum Cash Rewards Credit Card Key Takeaways

The Visa Platinum Cash Rewards Credit Card is designed to provide value through its simple cashback structure and minimal fees. Here are some key takeaways:
– 1.5% Cash Back on Every Purchase: Earn an unlimited 1.5% cash back on every purchase you make.
– No Annual Fee: Enjoy the benefits of the card without the burden of an annual fee.
– No Foreign Transaction Fees: Ideal for international travelers who want to avoid extra charges on purchases made abroad.
– Intro Balance Transfer APR: Benefit from an introductory APR on balance transfers made within the first 90 days of account opening.
– Excellent Credit Required: To qualify, you need a credit score in the range of 740-799.

Visa Platinum Cash Rewards Credit Card Pros and Cons

Pros

1. No Annual Fee: One of the standout features of this card is the absence of an annual fee. This means you can enjoy the card’s benefits without incurring extra costs.
2. 1.5% Cash Back on Every Purchase: The card offers a straightforward and unlimited 1.5% cash back on all purchases, making it easy to earn rewards without having to worry about spending categories.
3. No Foreign Transaction Fees: For those who travel internationally, the lack of foreign transaction fees is a significant perk. You won’t be charged extra for purchases made outside the United States.
4. Intro Balance Transfer APR: The introductory APR on balance transfers made within the first 90 days can be beneficial if you’re looking to consolidate debt.
5. Extended Warranty Protection: This feature provides additional peace of mind by extending the warranty on eligible purchases made with the card.

Cons

1. No Welcome Bonus: Unlike many other credit cards, the Visa Platinum Cash Rewards Credit Card does not offer a welcome bonus. This might be a drawback for those who are looking for upfront rewards.
2. High APR: The card comes with a relatively high variable APR of 17.99%, which could be costly if you carry a balance.
3. Excellent Credit Required: The card is targeted towards individuals with excellent credit, which may exclude some potential applicants.

Visa Platinum Cash Rewards Credit Card Benefits

The Visa Platinum Cash Rewards Credit Card comes with several benefits that can enhance your financial experience. Here’s a detailed look at what you can expect:

Cashback Rewards

– 1.5% Cash Back: Earn an unlimited 1.5% cash back on every purchase you make. This straightforward rewards structure means you don’t have to worry about tracking specific categories or spending requirements.

Travel Benefits

– No Foreign Transaction Fees: One of the card’s standout features is the absence of foreign transaction fees. This makes it an excellent choice for international travelers who want to avoid extra charges.

Purchase Protection

– Extended Warranty Protection: This benefit extends the manufacturer’s warranty on eligible purchases, providing additional coverage and peace of mind.
– Purchase Protection: Offers coverage for eligible purchases against damage or theft within a specified period.

Fraud Protection

– Zero Liability Protection: You won’t be held responsible for unauthorized transactions made with your card, providing peace of mind and security.

Balance Transfer Benefits

– Intro Balance Transfer APR: Benefit from a lower introductory APR on balance transfers made within the first 90 days of account opening. This can be a useful tool for consolidating debt and saving on interest.

Additional Features

– No Annual Fee: Enjoy all the card’s benefits without the burden of an annual fee.
– Online Account Management: Easily manage your account and pay your bill online through the NASA Federal Credit Union website.
– Customer Service: Access to customer service for any queries or issues related to your card.

Visa Platinum Cash Rewards Credit Card Rate and Fee Information

Understanding the rates and fees associated with a credit card is crucial for making informed financial decisions. Here’s a detailed breakdown of the Visa Platinum Cash Rewards Credit Card’s rates and fees:

Annual Percentage Rates (APRs)

– Purchase APR: 17.99% Variable
– Intro Balance Transfer APR: 9.90% – 17.99% Variable (valid only on balance transfers made within 90 days of account opening for qualified applicants, based on creditworthiness)
– Balance Transfer APR: 17.99% Variable
– APR for Cash Advances: 17.99% – 18.00% Variable

Fees

– Annual Fee: $0
– Balance Transfer Fee: None
– Penalty Fees:
– Return Payment: $25.00 for the first time late within prior six billing periods; otherwise $35.00
– Late Payment: $25.00 for the first time late within prior six billing periods; otherwise $35.00

How to Avoid Paying Interest

Your due date is the 18th of each month. You will not be charged interest on purchases if you pay your entire balance by the due date each month. Interest will be charged on cash advances and balance transfers starting from the transaction date.

About the Issuer: NASA Federal Credit Union

NASA Federal Credit Union offers a range of credit cards designed to meet various financial needs. The credit union is known for its competitive rates, low fees, and excellent customer service. Members can manage their accounts and pay bills online, providing convenience and flexibility.

Conclusion

The Visa Platinum Cash Rewards Credit Card from NASA Federal Credit Union is a solid choice for individuals with excellent credit who are looking for a straightforward cashback rewards program without the burden of an annual fee. The card’s unlimited 1.5% cash back on every purchase, combined with no foreign transaction fees, makes it an attractive option for both everyday spending and international travel.
However, the lack of a welcome bonus and the relatively high APR are potential drawbacks to consider. Additionally, the card’s benefits are geared towards those with excellent credit, which may limit its accessibility.
Overall, if you’re seeking a no-frills cashback card with minimal fees and straightforward rewards, the Visa Platinum Cash Rewards Credit Card is worth considering. It offers valuable benefits and protections that can enhance your financial experience without adding extra costs.
For those who prioritize simplicity and value in a credit card, the Visa Platinum Cash Rewards Credit Card from NASA Federal Credit Union is a commendable option. Be sure to assess your financial needs and compare this card with other available options to determine if it aligns with your spending habits and financial goals.