Perks of a credit union credit card
by: Christina Pontisso
Have you been shopping around for the best credit card for you? If so, have you considered getting a credit card through a credit union instead of a bank? You’d be smart to find out that you’re better off getting a credit card from a credit union.
The biggest reason to consider a credit union credit card: LOWER interest rates. Credit unions can offer lower rates because of their non-profit status. Which is great news for you, that leaves you more money in your pocket!
According to CUNA, an average interest rate for a basic credit card from a credit union was 11.81% vs 15.77% from a bank.
Another reason to consider a credit union credit card: LOWER late fees. In 2015, CUNA reported an average late fee for credit unions was $24.56 compared to $34.18 at banks. Do you see a pattern yet (hint: lower rates and lower fees at credit unions)?continue reading »