Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Bankrate.com CUs viable option on low-rate credit cards
NEW YORK (5/13/10)--Low-interest-rate credit cards from credit unions are a viable option for consumers who are not looking for the rebates and rewards of major bank credit cards, Bankrate.com said Wednesday. “Credit unions generally offer lower interest rates and fees, so if you carry a balance, they may be cheaper,” the financial news outlet said. Penalty rates on credit union cards also are lower--or may not even exist, Bankrate said. Because credit unions are owned by their members, major rate hikes on the cards and other changes are not as likely as they would be at banks, the news outlet said. The Bankrate article, “Low interest rate credit cards,” encouraged consumers to seek out low interest rate cards that best fit their lifestyle. “If you plan to pay the balance in full, then you might be better off with a rewards card that doesn’t charge an annual fee,” Bankrate said. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
1 hour ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
16 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
16 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
16 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
16 hours ago