Many companies featured on MONEY advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

MONEY has partnered with CardRatings.com and ConsumersAdvocate.org, among other companies, for our coverage of credit card products. MONEY, CardRatings.com, and ConsumersAdvocate.org may receive a commission from card issuers.

Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

By amondalek
September 19, 2016
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.


CAVEATS

Don’t expect any rewards with this card.


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.

You May Like

EDIT POST