Why get a credit card at a credit union?

The best credit card for your situation always depends on how you manage your money. But one thing is certain – you can never go wrong with low interest rates.

Banks will do their best to lure you in with flashy credit card rewards, but keep in mind, they’re in the business of making money. Oftentimes these benefits seem like a good idea, but this is where most people get themselves into trouble. Either they don’t spend enough on their card to earn enough points to make collecting them worth it, or even worse, they spend more than they can afford just to earn the points. On top of that, you’re most likely stuck paying an annual fee. 

At ALLIANCE, we make things simple.  

Balance Transfers.

The interest you are paying might not be worth the rewards you are getting. If you are carrying a balance, you could be paying more in interest over time than the value reward. The last thing you want to do is rack up debt while trying to get rewards. A balance transfer allows you to take your high interest from one card and transfer it to a new card with a lower interest rate which can save you thousands. The best part? ALLIANCE doesn’t charge a fee on balance transfers.

Lower fees and interest rates.

Since credit unions are not-for-profit financial institutions, profits made are returned to members in the form of reduced fees, lower interest rates, and higher savings rates. The average credit card interest rate in the U.S. is 17.89%. At ALLIANCE, we offer rates as low as 9.95%* APR with no annual fee. We also offer a 25-day grace period on purchases before interest is charged. With interest charges reined in, you may find yourself with extra money to pay for some of those things that make life a little more exciting.

Higher approval odds.

A lot of banks and credit card companies look at you from a number’s perspective. For instance, banks look at your credit score and past financial history. While credit unions do the same, we look at the whole picture, not just the numbers. Since you’re not just another face in the crowd, you might have a better opportunity explaining your financial situation. ALLIANCE also offers a secured credit card for people who might need a little extra help repairing their credit. All you would have to do is put down a small deposit that serves as your credit limit.

Better service.

Credit unions realize you’re a person, not an account number. Being at a local financial institution is an advantage for you. If you’ve had to deal with larger banks in the past, you know that if you have questions or need assistance, waiting for someone to contact you can be a normal occurrence. Not with credit unions. We are invested in making the banking experience more convenient for you. This makes dealing with any credit card issues you might face more of a pleasant experience. Credit union employees value you as an individual. They will likely call you by your name and ask about your family or business, because they care.

While credit union credit cards might not have some of the added perks and rewards, they’re definitely worth considering because of their super competitive rates, no annual fees, and better service. To learn more about what ALLIANCE has to offer, click HERE.

*APR=Annual Percentage Rate. Quoted rate is the lowest available rate and reflects all discounts. Loans subject to credit qualification and approval. Your rate will be based on your creditworthiness and may be higher.