The members of the Charter Oak FCU have the option of two Visa credit cards. The Visa Gold card is the starter credit card and the Visa Platinum card is for those with a higher credit score and annual income.
Finding new online credit cards with the credit card chaser above is quick and free!
To qualify for the best credit cards you have to have an excellent credit history. SmartMoney Magazine offers great advice on how to build up or repair your credit score.
Why Some People Choose Credit Unions over Banks
In today’s troubled economy, many people are switching from banks to credit unions. One of the main reasons for the switch is that they feel safer and more taken care of with a credit union. Unlike banks, a credit union is not for profit. They are more concerned with the well-being of their members, not pleasing their stockholders.
A credit union is FDIC insured just like a bank. That means the credit union member’s money is insured up to $100,000 and will be replaced if it is stolen or lost because of error.
More about the Charter Oak FCU Visa Platinum Credit Card
This credit card has an extremely low annual percentage rate of 9.25%. Compared to other credit cards available today this purchase interest rate is amazingly low and only those credit union members with the best credit scores can qualify for this credit card.
The interest rate for cash advances and balance transfers is the same as the 9.25%purchase interest rate. It is uncommon for the cash advance interest rate to be the same as the balance transfer and purchase rate; it is usually much higher.
There is no annual fee for this credit card, but there are other transaction and penalty fees. The fee for cash advances and balance transfers is 3% with a minimum fee amount of $25. The fee for returned or late payments is also $25.
You can compare credit cards for Charter Oak and many others with the credit card chaser!
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