Virginia Credit Union
Is This Your Business?1.0
Author: Jenna Vasquez
LAST UPDATED: March 11th, 2022
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The Good
- Competitive APRs
- Rewards program
- Security
- No annual fees
- No foreign transaction fees
Competitive APRs
Virginia Credit Union offers interest rates ranging from 8.99 to 12.99 percent. These APRs are very competitive among those offered by other top credit card companies.Rewards Program
Virginia Credit Union provides its customers with a rewards program that allows them to earn points and cash back when they make purchases with their credit card. The company provides a number of different categories that cardholders can earn rewards for, including gas, travel, and groceries.Security
When credit cards are left unsecured, they can be extremely vulnerable to fraud and theft. However, all of Virginia Credit Union's credit cards are offered through MasterCard, which has put many security measures in place to protect its customers. For example, the company uses chip technology in each of its cards, provides emergency card replacement, and offers identity theft resolution services in the event that a stolen credit card is used to commit identity fraud.No Annual Fees
Virginia Credit Union does not charge its customers any annual fees just to hold one of its cards. This is a nice feature that can save cardholders hundreds of dollars each year.No Foreign Transaction Fees
Virginia Credit Union does not charge foreign transaction fees, which is especially convenient for frequent travelers.The Bad
- Late payment fees
- Limited card options
- Restricted reward categories
Late Payment Fees
For every payment that comes in late, Virginia Credit Union charges a fee of up to $35, which is on par with industry average. However, there are a few other credit card companies that charge much lower late payment fees.Limited Card Options
Virginia Credit Union only offers three different types of credit cards for its customers to choose from. These cards have similar features and are not extremely varied. Every customer has different needs when it comes to credit cards, and three options may not be enough to sufficiently cover each of those needs.The Bottom Line
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Uplifting Lives and Services, LLC Chester, VA
I've been with the Virginia Credit union since 1997 and they have never helped me with any financial tools. If anything, they have made things financially bad for me. I would suggest you going to another credit union if possible.
4 years ago
