This is the most basic credit card available to the members of the Watermark Credit Union. This Classic Visa is a perfect choice for people looking to sign up for their first credit card. Since this Classic Visa card is offered through a credit union, it will have lower interest rates and fewer fees than a Classic Visa issued by a bank.
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There are many things a cardholder should be aware of to keep their debt from getting out of control. Credit card debt accounts for the majority of the debt in the United States today. Since credit card debt is such an issue for so many people, financial sites like the Suze Orman website offer access to useful tools like debt and compound interest calculators.
Watermark Credit Union Visa Classic Credit Card Interest Rates
This Classic Visa credit card from Watermark Credit Union has an annual percentage rate range of 13.49% to 18%. When a credit card has an interest range like this, the cardholder benefits from having as high a credit score as possible.
Having a high credit score will save the cardholder money since they will have a lower interest rate than someone with a low credit score.
While this is a very reasonable interest range compared to bank-issued credit cards, it could become higher if the country’s credit prime rate increases. The interest rate that the cardholder is charged for purchases will also be the rate for balance transfers and cash advances.
Watermark Credit Union Visa Classic Credit Card Fees
There are fewer fees for this credit card than there are for most. While this credit card does have a $25 annual fee, which is very uncommon in today’s market, there is no application fee, balance transfer fee, returned payment fee, or fee for going over the card’s credit limit.
There is a $10 fee for cash advances and a $25 fee for payments that are later than three days. There is also a $5 fee for debt consolidation loan checks and a 1% foreign transaction fee for transactions that require a conversion of currency.
If this card isn’t what you’re looking for, you can still search for more credit card offers for FREE!