Considering getting a credit card at the South Carolina Federal Credit Union, huh? You're Not alone either. The rates are really good, and the conditions are quite relaxing. Indeed lots of people are into this card. But don't just jump in without knowing what you're getting into. There are a few aspects you need to understand.
Interest Rates: Get the Lowdown
Interest Rates: Get the Lowdown
The crucial point with a credit card in general is the interest rate, no doubt. Their credit card offering has pretty reliable interest rates to help you keep your manageable debt levels.
But you gotta know how they determine these finance charge rates and how they can mess with your equilibrium. And remember, your finance charge rates might alter depending on how positive your credibility is.
Grace Periods and Fees
Another thing to watch for is the grace period and the charges that come with it. Most credit cards give you about three weeks to pay off your equilibrium without getting hit with finance charge, after your billing cycle ends. Keep an eye out for delayed charges or yearly charges—those can really pile up.
Rewards Programs
The credibility card from the credibility union has a rewards offer where you can earn miles for shopping. Whether you want cash return or travel miles, you need to get the specifics and determine the optimal method to get the most out of those rewards. Just remember, some rewards might have their caps or might terminate.
Building Credit
If you are new to credit or desire to improve your score, this card could be very helpful. Just use the card correctly—pay your bills on time and keep your debt low—and it'll help build your credit. And don't forget to regularly check your credit report to see how you're doing.
Customer Service and Support
Lastly, the customer care with the SCFCU is something to keep in mind. Whether you've have questions regarding your account or require assistance with a transaction, you can rely on their support. The credit union is pretty famous for its excellent customer service, so that's a plus in my book.