Being a member of a federal credit union offers a number of benefits in regards to your finances. If you are a member of America’s First Federal Credit Union in Alabama, you are eligible to apply for their MasterCard Platinum. This article will discuss the card as well as the benefits to being a member.
Use the credit card chaser tool to compare credit cards online.
America’s First FCU Membership Benefits
As opposed to being owned by random investors, federal credit unions are owned by their members. The biggest benefit of this is that the credit union offers benefits and other services that are directly beneficial to the members and their communities.
Members of America’s First Federal Credit Union enjoy a number of services that are not available to the public. They can get:
- Free checking and savings accounts
- Loans
- Credit cards
- Insurance
- Investment services
The benefits of having a checking account through America’s First are that there are no fees for:
- Debit cards
- Online banking
- Mobile banking
- Bill pay
- Monthly service
There is also no requirement to keep a minimum balance in your account. As a checking account holder, you also are issued a debit card that earns bonus rewards when you use it for purchases.
America’s First FCU MasterCard Platinum Terms
As a benefit of being a member of America’s First Federal Credit Union, you are eligible to apply for the MasterCard Platinum credit card. This card allows you to make purchases conveniently and has some benefits that other credit cards do not have in regards to their terms.
The MasterCard Platinum card does not have an annual fee. It also does not charge a fee if you go over your credit limit. Other fees include a $25 fee for late payments and a $23 fee for returned payments.
The APR is 14.8% for purchases, cash advances, and balance transfers. There is no penalty APR. The grace period is 25 days.
If you are considering getting this or any other credit card, you should check out http://www.federalreserve.gov/creditcard for more information.
To compare credit cards right now you can use the credit card chaser tool.
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