If you are looking for a credit card then look further than the bank around the corner. Take a look at what the credit union in your area has to offer you. Credit union credit cards may be a little less traditional and not as well-known as bank credit cards but studies have shown that they often offer more consumer-friendly terms. In fact credit union credit cards often have annual percentage rate for purchases that are lower than that of the big banks.
Credit union credit cards are a good choice for some people but they are not an ideal choice for everyone. You need to look closely at what these cards have to offer you before you fill out an application for a card.
Credit union credit cards do have their share of advantages though. For instance you are considered to be a member of the credit union and not a customer. They charge fewer fees because they are non-profit organizations which is always a plus. Credit unions tend to be more understanding about your credit and financial picture than do banks. When you apply for a credit union credit card your credit history matters, as does your income and your debt but they also are willing to look at your goals, desires and motivations. Banks on the other hand look at your credit and finances and very little else.
Consider the pros and cons inherent in applying for a credit union credit card before you decide if it is the most appropriate choice for you. For some help in this department refer to the list of resources provided below.
