Lake Michigan Credit Union Prime Platinum Card
Lake Michigan Credit Union Prime Platinum Card
Lake Michigan Credit Union Prime Platinum Card
Card details
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
Annual fee
$0
Rewards rate
N/A
Bonus offer
None.
Intro APR
N/A
Ongoing APR
Purchase: 6.50%, Variable
Foreign transaction fee
1%
Recommended credit score
Compare to other cards
| Learn more | ||
Annual fee$0 | Annual fee$75 | Annual fee$0 |
Regular APR6.50% Variable | Regular APR16.24%-24.24% Variable APR | |
Intro APRN/A | Intro APRN/A | Intro APR0% intro APR on purchases for 12 months from the date of account opening |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Sara Rathner
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Rating details
3.5
Editor's overall rating
Pros and cons
Pros
No annual fee
Cons
No rewards
Needs excellent credit
If you consistently carry a balance, you can save money by limiting how much interest you pay. The Lake Michigan Credit Union Prime Platinum Card offers one of the lowest ongoing APRs available for those who qualify.
The annual fee is $0, and the card charges no balance transfer fees.
But if you do plan to pay your balance down eventually, that opens up your possibilities to other credit cards with long 0% introductory APR periods for new charges or balance transfers.
The Lake Michigan Credit Union Prime Platinum Card serves a very specific purpose: providing a low interest rate to cardholders who plan to carry a credit card balance indefinitely.
For more information, see our full review of this card.
