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.