Why a Credit Union Bank Card is Better
A federal credit union credit card offers the friendliest service to customers. The new federal bill, which is known as the CARD Act has prohibited banks from indulging in practices that are harmful to their credit card customers.
The Act stops the banks from charging customers exorbitant fees and banks have adopted new means to get over the provisions of the Act. Interest rates are increased by most banks and the annual fees have also been increased substantially.
However, a credit union bank card has always been a better option when compared to these large banks. Why? Because the interest rate cannot be more than 18% and there are less fees.