Visa® Signature from San Diego County Credit Union® Review

When it comes to choosing the right credit card, the plethora of options available can make the decision daunting. From cashback rewards to travel perks, each card has its unique set of advantages and drawbacks. Today, we’ll delve into a comprehensive review of the Visa® Signature credit card offered by San Diego County Credit Union® (SDCCU). With its enticing rewards structure, appealing travel benefits, and competitive rates, this card is positioned as a solid choice for many consumers. However, as with any financial product, it’s crucial to examine both its strengths and weaknesses to determine if it’s the right fit for you.

Visa® Signature from San Diego County Credit Union® Review

The Visa® Signature card from SDCCU stands out primarily for its robust rewards structure. Cardholders earn 2x Signature Rewards points for every dollar spent on net purchases. These points are versatile and can be redeemed for various rewards, including event tickets, gift cards, travel, and merchandise. In addition to the ongoing rewards, new cardholders can earn a substantial 10,000-point bonus by spending $3,000 on net purchases within the first 90 days after enrollment.
With an annual fee of $89 and an APR ranging from 15.99% to 25.99% for purchases, this card offers a balanced blend of rewards and costs. Additionally, the card features no foreign transaction fees, which is a significant advantage for frequent travelers. For those who value travel assistance, the card comes with 24-hour Visa Signature Concierge services, trip cancellation/interruption coverage, and trip delay reimbursement.

Visa® Signature from San Diego County Credit Union® Key Takeaways

– Rewards Structure: Earn 2x Signature Rewards points per dollar spent on net purchases, redeemable for various rewards.
– Sign-Up Bonus: Earn 10,000 points by spending $3,000 within the first 90 days.
– Annual Fee: $89 annually.
– APR: Variable APR ranging from 15.99% to 25.99% for purchases.
– No Foreign Transaction Fees: A major benefit for international travelers.
– Travel Assistance: Includes 24-hour Visa Signature Concierge, trip cancellation/interruption coverage, and trip delay reimbursement.
– Additional Fees: Balance transfer fees, cash advance fees, late payment fees, and return payment fees apply.

Visa® Signature from San Diego County Credit Union® Pros and Cons

Pros

– No Foreign Transaction Fees: This makes the card particularly appealing for those who frequently travel internationally.
– Generous Rewards Program: The 2x points on all purchases and the versatile redemption options add significant value.
– Sign-Up Bonus: The 10,000-point sign-up bonus is relatively easy to achieve with moderate spending.
– Travel Benefits: The 24-hour concierge, trip cancellation/interruption coverage, and trip delay reimbursement provide added peace of mind for travelers.
– Competitive APR: The lower end of the APR range is competitive for a rewards card, especially for those with excellent credit.

Cons

– Annual Fee: The $89 annual fee may be a deterrent for some, although it can be offset by the rewards and benefits.
– High Balance Transfer and Cash Advance APR: The APR for balance transfers and cash advances is on the higher side (19.99% – 29.99%).
– Fees for Balance Transfers and Cash Advances: Additional fees for these transactions can add up.
– Limited Introductory Offers: There are no introductory APR offers for purchases or balance transfers.

Visa® Signature from San Diego County Credit Union® Benefits

Rewards Program

The hallmark of the Visa® Signature card from SDCCU is its rewards program. Cardholders earn 2x Signature Rewards points per dollar spent on net purchases. These points can be redeemed for a variety of rewards, including:
– Event Tickets: Use your points to attend concerts, sports events, and other live entertainment.
– Gift Cards: Redeem points for gift cards to popular retailers and restaurants.
– Travel: Points can be used to book flights, hotels, car rentals, and other travel-related expenses.
– Merchandise: Shop for electronics, home goods, and other merchandise using your points.

Sign-Up Bonus

New cardholders can earn a 10,000-point bonus by spending $3,000 on net purchases within the first 90 days after enrollment. This sign-up bonus is a great way to jumpstart your rewards balance and can be redeemed for a variety of valuable rewards.

Travel Benefits

– 24-Hour Visa Signature Concierge: This service provides personalized information and referrals on travel, dining, and entertainment. Available 24/7, it can assist with booking reservations, finding local attractions, and more.
– Trip Cancellation/Trip Interruption Coverage: Provides coverage for non-refundable expenses if your trip is canceled or interrupted for a covered reason.
– Trip Delay Reimbursement: Reimburses expenses incurred if your trip is delayed, such as meals and accommodations.

Purchase Protection

The card offers purchase protection, which can cover eligible items against damage or theft within a certain timeframe from the date of purchase. This added layer of security can be particularly useful for high-value purchases.

Customer Service

SDCCU is known for its customer-centric approach. Cardholders can manage their accounts and pay bills online through the credit union’s user-friendly website. Additionally, customer service representatives are available to assist with any issues or inquiries.

Additional Fees

It’s essential to be aware of the additional fees associated with this card:
– Balance Transfer Fee: Either $1.00 or 2.00% of the amount of each balance transfer, whichever is greater.
– Cash Advance Fee: Either $1.00 or 2.00% of the amount of each cash advance, whichever is greater.
– Late Payment Fee: Up to $10.
– Return Payment Fee: Up to $20.

Interest Rates

– Purchase APR: 15.99% – 25.99% variable.
– Balance Transfers APR: 19.99% – 29.99% variable.
– APR for Cash Advances: 19.99% – 29.99% variable.
To avoid paying interest on purchases, ensure that you pay your entire balance by the due date each month. The due date is at least 25 days after the close of each billing cycle.

Credit Score Requirements

The Visa® Signature card from SDCCU is available to individuals with a credit score ranging from fair to good (580-739). This makes it accessible to a broader audience, including those who may not have an excellent credit score.

About the Issuer

San Diego County Credit Union® is a reputable financial institution known for its customer-focused approach and a wide range of financial products. They offer various credit card options tailored to different needs, ensuring that there’s a card for almost everyone.

Conclusion

The Visa® Signature credit card from San Diego County Credit Union® is a compelling option for those who value a robust rewards program and travel benefits. With 2x points on all purchases, flexible redemption options, and a generous sign-up bonus, it offers substantial value for its $89 annual fee. The absence of foreign transaction fees and the inclusion of 24-hour Visa Signature Concierge services make it particularly appealing for frequent travelers.
However, potential cardholders should be mindful of the high APR for balance transfers and cash advances, as well as the associated fees. While the card does not offer introductory APR promotions, its competitive standard APR range and comprehensive benefits package make it a solid choice for many consumers.
Ultimately, the Visa® Signature card from SDCCU is best suited for those who can maximize its rewards program and travel benefits while managing their balances responsibly. If you’re looking for a versatile rewards card with a strong travel component, this card is worth considering.