Popular Cards Get A Lower Interest Rate At Credit Union
When you’re in the market for a new credit card, nabbing one with the lowest APR possible is of primary importance. So customers of Navy Federal Credit Union will be glad to hear that the APR for its Platinum and GO REWARDS credit cards have been lowered, to 6.74% and 9.74%, respectively. The change took effect June 30 and will be the ongoing rate for an unlimited period of time.
Matt Freeman, head of credit cards at Navy Federal, said the Platinum’s 6.74% rate makes it one of the lowest APR cards available, and that it’s “the best option for members who value low rates, period.” Credit card rates are rising across the industry right now, so this lower APR is a nice surprise for credit union members.
Both cards also offer perks like no foreign transaction fee, no annual fee, and no fee for balance transfers or cash advances. Freeman said the timing of the new rates was designed to come ahead of back-to-school and holiday shopping seasons, “so members can reduce their monthly credit card payment.”
Low rates, and rewards too
The GO REWARDS card not only offers a low APR, it give members triple reward points on spending at restaurants, double points on gas, and one point per dollar spent everywhere else. Points can be redeemed for gift cards, merchandise, cash, or travel, and there is no limit on how many points cardholders can earn.
For folks who aren’t members of the Navy Federal Credit Union, or who may have limited credit, or no credit, there are other options for low APR and rewards credit cards. The low APR on the GO REWARDS and Platinum cards at Navy Federal aren’t the only game in town when it comes to credit cards with good rates and great rewards.
If your credit isn’t perfect, or you don’t have an established credit history, you can try applying for a student credit card or a secured credit card. These two different types of cards work differently, but both are geared for folks with limited credit, and you can apply for them at a bank, a credit union, or online.
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