3 Reasons To Apply for a Credit Union Visa Card

Nowadays, many of us use credit cards rather than cash to make purchases since it’s easier than walking around with a wad of cash. Credit cards are also more secure than physical money since you can freeze the account if you lose the card. When applying for a card, you’ll need to decide whether to go through a bank or credit union, and the latter is optimal. Delve into the reasons to apply for a credit union Visa card.

Building Credit

Establishing a high credit score makes it much easier to obtain loans when you make significant purchases. Moreover, individuals with better credit scores often get loans with lower interest rates because it proves they repay lent money. Most lenders consider a credit score above 580 as fair and 800 as outstanding.

With a credit card, building your credit is easy, especially if it’s the start of your financial life. For example, if you’re in college, you may not need to buy a car or home yet, but you do need to build credit for when the time comes. Making monthly payments on a credit card for basic living expenses helps you do just that.

Pro Tip

Avoid making partial payments whenever possible. Doing this adds interest to the loan, making it more expensive in the long term. Instead, always pay your statement balances in full.

Low Interest Rates

Another reason to apply for a credit union Visa card is for the incredible rates. When you open your credit card through a credit union, you often find lower interest rates than banks offer. Reduced interest rates mean lower payments if you don’t fully pay an initial bill. Additionally, credit unions don’t tack on hidden charges for using their card.

Rewards Programs

Some credit cards come with a rewards program so you rack up points as you make purchases. On the credit union’s website, you can read through offered rewards, including cashback, gift cards, and more. In other words, for every dollar you spend, you also earn money, which helps to promote responsible spending habits.

Apply for Your Visa Card

Shell Western FCU is a credit union serving Costa County, CA. To apply for a credit card, you simply need to become a member of our credit union. We offer four different types of credit cards with varying limits and rates. Once you apply, we’ll tell you which Visa credit card type you qualify for. If you have questions about the application process, our financial team is always ready to assist and tell you about your options.