One of the lowest interest rates in the country, as low as Prime + 3.00%
Rate is variable, tiered, and is linked to Prime
No annual fee
Credit line of up to $25,000
Free car rental insurance
Rates, fees & offers
Purchase: 8.25%, Variable
Balance Transfer Fee
Foreign Transaction Fee
Recommended credit score
Not sure which card is best for you?
When it comes to low ongoing interest rates, the Lake Michigan Credit Prime Platinum Card beats much of the competition. Its APR is much lower than most cards, and the annual fee is $0, so you can afford to keep the account open for a long time.
The Lake Michigan Credit Prime Platinum Card isn’t a good pick if you plan to pay off your balance in full every month. That's because you won’t earn any rewards for your spending, and you won’t benefit from the low interest rate as you would if you carried a balance. And if you plan to pay off a large balance in a relatively short time — say, a year — you might be better off with a 0% APR promotional offer. But if you regularly carry a balance and want to save on interest payments, this card could be an excellent pick.
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