Getting a credit card from a Credit Union is an excellent way to get a low interest rate credit card and the Affinity Federal Credit Union Visa Classic credit card is no exception. With low starting interest rates and low transaction fees, you are sure to be thrilled with this card as an option.
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Now, there is a downside to this card and that is that this is not a bad credit credit card. In fact, you need to have great to perfect credit in order to qualify. You cannot have a bankruptcy on your credit report or any bumps on your credit for the past four years!
Overview of the Affinity Federal Credit Union Visa Classic Card
This Visa is not a rewards credit card, which is why it has much lower interest rates as compared to other credit cards. It is a low interest rate credit card; even those who don’t have perfect credit are going to get an excellent interest rate.
This credit card, like most credit cards, is based on a variable interest rate. What this means it that the rate will fluctuate with the Prime Rate, which is determined by the Federal Reserve.
The Prime Rate is published at the end of every month by the Wall Street Journal as well as other money magazines. The Prime Rate hasn’t changed since December 16, 2008 and is 3.25%.
This is not a no fee credit card, as you would see at many credit unions; however, the fees are minimal as compared to other credit card companies.
Terms of the Affinity Federal Credit Union Visa Classic Card
The terms for this card are as follows:
- 8.6% to 14.6% variable APR for purchases, balance transfers and cash advances
- No annual fee
- No ATM fees
- 1% foreign transaction fee
- $25 late payment and returned payment fee
- No Penalty APR
Verdict on the Affinity Federal Credit Union Visa Classic
Overall, this is an excellent credit card. You do have to be a member of the credit union to qualify for the card; however, it only takes $5 to open up an account. Just keep in mind that this is not a card for those of you with bad credit.
You can use the credit card chaser tool on this page to compare credit card online right now!
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