Pros & cons
Pros
- Earn 1 point per $1 spent on all purchases.
- Low interest rate of 12.99% on purchases, balance transfers, and cash advances.
- Welcome bonus of 5,000 points after your first purchase.
Cons
- Mediocre earn rate.
- $50 annual fee.
Your rewards
Getting your welcome bonus
Based on $3,000 in monthly spending, you can get up to 1,000 points which translates to an estimated $10.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With SCU Centra Visa Gold Card, here's how you earn rewards:
- 1 point per $1 spent on all purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For SCU Centra Visa Gold Card in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $360 | |
| Travel | $360 | |
| Gift Cards | $299 |
Calculating your annual rewards
$36,000 annual spending x 1.00% return on spending = $360 annual rewards
$360 annual rewards − $50.00 annual fee = $310 net annual rewards
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2x Award Winner
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- N/A
- Annual Fee
- $50.00
- Extra Card Fee
- $10
- Card type
- Credit
- Purchase
- 12.99%
- Cash Advance
- 12.99%
- Balance Transfer
- 12.99%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Mobile Device
- $1,000
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
SCU Centra Visa Gold Card's 3.5 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Visa
GC: $150
SCU Centra Gold Visa review
The SCU Centra Visa Gold Card is a rare credit card that offers both rewards and low interest rates. But to get that combination, you’ll need to pay an annual fee.
Here's what this card offers – and a no fee credit card combo to consider instead.
Pros of the SCU Centra Visa Gold Card
Here's what the SCU Centra Visa Gold Card has to offer.
1. Earns rewards on purchases
For rewards, the SCU Centra Visa Gold Card keeps it simple: 1 point per $1 spent on all purchases.
You can use your points in several ways, from travel to cash to merchandise. Stick to travel and cash and your points are worth 1 cent each, for a return of 1% on your purchases.
2. Low interest rates
While most credit cards charge 20% interest or more, this card has permanently low rates across the board:
- Purchases: 12.99%
- Cash advances: 12.99%
- Balance transfers: 12.99%
Cons of the SCU Centra Visa Gold Card
Here are some things to think about before applying for this card.
1. Annual fee
Holding this card in your wallet will require an annual fee of $50. While it’s not expensive, you’ll get more value by forgoing this one and combining two no fee cards that offer the same benefits.
2. Mediocre rewards
Considering the card has an annual fee, the rewards aren’t great. Many no fee cards will earn you the same or better and save you that yearly cost.
Our recommended no fee credit card combination
Cards that earn rewards and have low interest rates are rare – and always have annual fees. But we’d recommend combining two no fee cards to get the same benefits for no fees: the Rogers Red Mastercard and the MBNA True Line Mastercard.
Let’s look at how they compare to the SCU Centra Visa Gold Card.
| SCU Centra Visa Gold Card | Rogers Red Mastercard | MBNA True Line Mastercard | |
|---|---|---|---|
| Earn rates | * 1 point per $1 spent on all purchases | * Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido, Comwave, or Shaw * Earn 1% unlimited cash back on eligible non-U.S. dollar purchases * Earn 2% unlimited cash back on all eligible purchases made in U.S. dollars | |
| Interest rates | * Purchases: 12.99% * Cash advances: 12.99% * Balance transfers: 12.99% | * Purchases: 20.99% * Cash advances: 20.99% * Balance transfers: 20.99% | * Purchases: 12.99% * Cash advances: 12.99% * Balance transfers: 12.99% |
| Special features | * None | * 50% bonus cash back when redeemed towards Rogers bills | * 0% interest on balance transfers for 12 months (terms) |
| Insurance included | 3 types | 0 types | 0 types |
| Annual fee | $50 | $0 | $0 |
It's simple – use the Rogers Red Mastercard for purchases where you want to earn rewards. Earn 1% back on all purchases, which triples if you’re a Rogers customer. Then if you want to finance your purchase, use the MBNA True Line Mastercard, which has a similar purchase interest rate to the SCU Centra Visa Gold Card.
This combination provides you with the same low interest with rewards combo – but it saves you the annual $50 fee.
You can also mix and match as you please between no annual fee cards and the best low interest credit cards.
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FAQ
What is SCU?
SCU, also known as Steinbach Credit Union, is a credit union based in Manitoba. Despite this, they offer Collabria credit cards available to all Canadians except those living in Quebec.
What does the SCU Centra Visa Gold Card offer?
The SCU Centra Visa Gold Card is a rare credit card that offers both rewards and low interest rates.
What are the annual fee and income requirements of the SCU Centra Visa Gold Card?
The SCU Centra Visa Gold Card has an annual fee of $50 and no income requirements.
Key benefits
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