Advertiser Disclosure

SLFCU Visa Platinum Rebate Card

BestCards Team

| Last updated on November 13th, 2023

SLFCU Visa Platinum Rebate

SLFCU Visa Platinum Rebate
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Visa Processing Network
None Annual Fee

SLFCU Visa Platinum Rebate

  • 14.15% variable based on the Prime Rate Regular Purchase APR
  • 14.15% variable based on the Prime Rate Balance Transfer APR
  • 14.15variable based on the Prime Rate Cash Advance APR

At a Glance

The SLFCU Visa Platinum Rebate Card is a low APR and cash back credit card from one of New Mexico’s leading credit unions, Sandia Laboratory Federal Credit Union. The card features a low APR, no annual fee, and a special 0.75% year-end rebate on all purchases.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No annual fee
  • Visa Platinum Benefits
  • No balance transfer fees
  • Regular Purchase APR: 14.15% variable based on the Prime Rate
  • Balance Transfer APR: 14.15% variable based on the Prime Rate
  • Cash Advance APR: 14.15variable based on the Prime Rate
  • Cash Advance Transaction Fee: $5
  • Foreign Transaction Fee: 1% of the transaction amount in U.S dollars
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $25
  • Over Limit Penalty Fee: Up to $25
  • You don’t want to pay an annual fee
  • You want a low APR and a basic cash back rebate
  • You already bank with Sandia Laboratory Federal Credit Unio

SLFCU Visa Platinum Rebate Card Review

The SLFCU Visa Platinum Value Card is Sandia Laboratory’s mid-range credit card, offering some of the perks of both the SLFCU Visa Signature and the SLFCU Visa Platinum Value Card.

Receive a Year-end Rebate on Purchases

Like the Visa Signature, the SLFCU Visa Platinum Rebate Card earns a special end-of-year rebate on purchases. The Platinum Rebate card earns a 0.75% rebate, which is essentially 0.75% cash back.

The cash back rebate with the Platinum Rebate Card is half of what cardholders would get with other cash back cards, such as the Chase Freedom Unlimited or the American Express Cash Magnet Card – at 1.5% cash back each.

Of course, the SLFCU Visa Platinum Rebate Card features a much lower APR than either of these cards, but for anyone who does not plan to carry a balance, this reduced interest rate is of little use. If, however, a low APR is important, then the Platinum Rebate does have some value, as its APR is around 2.5% to 3% lower than either the Cash Magnet or the Freedom Unlimited.

Credit Limits to Fit Every Budget

The SLFCU Visa Signature is Sandia Labs’ premium credit card, with premium credit limits to match. The Value Visa, on the other hand, aims to provide credit limits to suit every budget. The SLFCU Visa Platinum continues the trend of the Value Card, offering no minimum credit limit with the card, meaning the credit union won’t penalize applicants who don’t qualify for the Visa Signature’s $5,000+ spending limits – instead offering a limit to suit their particular needs and budget.

Visa Platinum Benefits

Visa Platinum benefits are not anything spectacular – in fact, they are common protections offered by other credit card lenders, including Discover, Mastercard, and American Express.

Visa Platinum perks and protections add an additional layer of security to credit card purchases and offer dedicated support should anything go wrong. These features include emergency card replacement and emergency cash disbursement in the event of a lost card, Visa’s Zero Liability fraud protection, and travel benefits, such as Roadside Dispatch and Auto Rental Collision Damage Waiver.

Who Can Join the Sandia Laboratory Federal Credit Union?

Sandia Laboratory FCU is the second-largest credit union in the state of New Mexico in terms membership – with over 84,000 members across both New Mexico and California.

Membership is currently open to current and retired employees of any of the over 1,000 companies and associations that partner with Sandia Labs FCU. For a complete list of all the available partner companies, call the credit union’s toll-free number at 1-800-947-5328.

Membership is also open to members of the National Museum of Nuclear Science & History (New Mexico residents only), members of the Albuquerque International Association, or the immediate family members or householder members of any of the above-listed individuals.

Should You Apply for the SLFCU Visa Platinum Rebate Card?

The SLFCU Visa Platinum Rebate Card tries hard to be the best both of Sandia Laboratory Federal Credit Union’s other offerings: the SLFCU Visa Signature and the SLFCU Visa Platinum Value Cards. Unfortunately, while the card tries to walk the fine line between cash back rewards and a low APR. While the card does an admirable job at this, it simply does not offer enough of either to make it an enticing offer.

Though the APR for the Rebate Card is lower than many “low APR” credit cards available today, it is still over 2% higher than what Sandia Labs’ offers for the Value Card – which sites at around 10.5%. Additionally, the cash back “rebate” is significantly lower than the cash back offered by many cash back cards from larger lenders and even the SLFCU Visa Signature.

For those who already bank with SLFCU and want a basic cash back card and a decent APR, the SLFCU Visa Platinum Rebate Card is a satisfactory option to consider. If, however, you don’t bank with Sandia Laboratory FCU, this isn’t a card for which you should go out of your way.

Browse Other Card Offers from SLFCU:

Editorial Disclosure – The opinions expressed on's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.