I know what you want! credit union credit cards ! 6% APR, is that it ? 🙂 no annual fee, no cash advance Fee, No Transfer balance fee, high Credit limit! good offer eh? at least from my perspective no fee, high limit, Low APR! are the best offer that we can get! there’s no way Conventional Bank can give that offer to you!at least they can’t give you 6% APR! or 0.5% Interest per month! 😉 correct me If I am wrong!
so what’s the deal ? and why credit union can give so much benefits! 🙂 I am sure some of you wondering why Credit Union can give that kind of luxury! 🙂 or maybe no ? well, if you curious I will explain a little, why credit union can give better offer from banks!
First of All if we talk about Credit Union most of them always have limitation membership! and the most obvious is most of them always have requirement on certain territory or profession! the reason why this happen, simply because its not for commercials purpose! that’s why most of credit union always have motto! we are non profit organization! and we are limited edition! 😉 lol
but do you ever wondering why they always mention non profits ? because obviously borrowing money for other people are loan business! 😉 but how the heck they always said, non profit this and bla..bla..bla!! 🙂 are you not curious ? well, here the reason why! first of all most of credit unions that already survive, most of them are the biggest in states! and most of them are federal credit unions!
so, I am not surprised if they can survives! and as you already know most of non profit Organization always free tax! so its like doing business without tax! and the last and probably not all you know! government give them benefits such as policy to compete with banks! otherwise they already lose from the first beginning! 😉 do you think 5% profit can cover operational cost ? don’t think so! in nutshell! credit union basically it’s your tax! because it’s obviously Credit unions are Government tools! since they have 100 millions members! so I am not surprised if credit unions, always getting backup from government!
Ok, back to real questions! what credit unions that can give low APR with high Credit limits ? the answer is most of them! especially federal credit unions! such as NFCU, BECU, TELHIO, WPCU, EGLIN, Kitsap and etc! but in order to get their services you must become their members! and to become member basically it’s not hard! because all you have to do is BEG! 😉 no, just kidding! register on their website, or you can register at branch office near you! I am sure it will cost you less $50! and there’s no statement that you must put all of your money to them! but of course, if you want open secured credit cards, then deposit is your limits! it mean if you want get credit cards with $5000 limit, then you must deposit $5000! but if you have good credit scores! then $50 are good enough to get $50.000! 😉
What if My credit score are no good or poor , or maybe have no credit history? well, if that your situation is, then you have no other option to start and build your score with them! it’s same like other secured credit cards! you must deposit money to get approval! anyway,bellow are full list of credit union in your area!
If you want full list visit this wikipages! Credit Union List In USA
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