Lake Michigan Credit Union Prime Platinum

WHY IT WINS

You know you should never carry a balance— but sometimes even a well-laid financial plan goes astray. In that case, you need a card with the lowest rate possible. For the most creditworthy (with a score of at least 720), the Lake Michigan Credit Union Prime Platinum offers a low 6.5% APR, a rate that will beat both rival cards and most personal loans.

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CAVEATS

Don’t expect any rewards with this card.

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TERMS

Annual fee: $0, but you need to donate $5 to ALS Association to become a credit union member, and keep $5 in savings.
APR: 6.5% to 14.5%
Late fee/penalty APR: Up to $25/18% if 60 days past due; reverse after six months of timely payments.