First Command Platinum Visa
First Command Platinum Visa
First Command Platinum Visa
Card details
With an everyday low, variable rate, and a combination of valuable benefits, this card gives you the purchasing power to meet your most demanding needs and manage your everyday finances.
Low variable APR of 8.25%
No annual fee
Rates, fees & offers
Annual fee
$0
Rewards rate
N/A
Bonus offer
None
Intro APR
N/A
Ongoing APR
Purchase: 8.25%, Variable
Cash Advance APR: 8.25%, Variable
Foreign transaction fee
None
Recommended credit score
Compare to other cards
First Command Platinum Visa | ||
---|---|---|
Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR8.25% Variable | Regular APRSee Terms | |
Intro APRN/A | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By NerdWallet
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Rating details
3
Editor's overall rating
Pros and cons
Pros
No annual fee
No foreign transaction fee
Cons
Needs excellent credit
First Command Bank is a subsidiary of First Command Financial Services, a bank organized in 1958 to serve America's Military families. Today, First Command serves nearly 300,000 families, military and civilian, and offers a variety of financial services.
First Command Visa Platinum Offers One Simple Low Rate For All Balances The First Command Bank Visa Platinum is popular with federal employees and military families due to it's simplicity.
The low Prime + 3% APR, which is 6.25% at the time of this writing, applies to all balances. This includes balance transfers, cash advances, and purchases. Other fees are also reasonable - there is no balance transfer fee, there is a 2% cash advance fee, and late payment fees are capped at $15, which is substantially better than the $39 typically charged by large national banks.
The Negatives
The downsides of the card are two-fold. First, it does not earn rewards. Second, it does not have a great introductory APR promotion like many other cards out there, though that is offset to a large extent by the low ongoing APR.
However, if you think you may run up a balance, you should consider whether you are willing to switch from one 0% intro APR credit card offer to the next every so often. And if you already carry a balance, you should consider whether you would be better off getting a 0% balance transfer deal, which can land you up to 0% for 21 months at the time of this writing.
Those great introductory rates can effectively get you a lower interest rate than going with a super low APR card like the First Command Visa Platinum.