7 Benefits of opening a credit union credit card

by: Bill Pirraglia

You probably enjoy the convenience of having a credit card, but do you also enjoy the high interest rates and fees charged by many credit card companies and banks? Probably not. While you might expect to pay a price for the convenience of not needing to carry large amounts of cash in your wallet or purse, your credit card rates and fees shouldn’t be draining your finances.

If your credit card is costing you too much money, there is a cost-effective alternative for you that you might enjoy more than a big bank. It’s called a credit union, and these institutions have been growing in popularity over the years. According to the Credit Union National Association, membership reached 100 million in June 2014, with about 2 percent increase each year.

Why You Should Consider a Credit Union Credit Card

Like banks, credit unions offer a variety of credit cards, including secured credit cards, travel cards, cash back card and rewards credit cards. But when you get a credit union credit card, you’re not only getting the card — you’re getting the numerous perks that come with belonging to a credit union. Below are seven ways you can benefit from a credit card with your local credit union.

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