Credit union cards aren’t as common as bank-issued credit cards, but they can offer exceptional value for people who want to maximize rewards or pay off debt. These cards typically carry lower interest rates than what you’ll find on many credit card offers from top issuers and come with features like hefty cash back programs, no or low annual fees, and convenient in-branch access to thousands of Co-Op Shared Branch locations.
Is it better to get a credit card from a credit union?
Unlike some banks, most best credit union credit card report your payment history to the three major credit reporting agencies (TransUnion, Equifax and Experian). This means that if you make payments on time and keep your credit utilization ratio low, your credit union card use can help you improve your credit score over time.
Most of the credit union cards on this list feature a variety of cash back rates across categories, including groceries, gas, dining, and travel, as well as 0% APR offers and minimal balance transfer fees. Some also earn rewards for in-branch and online spending, while others come with added benefits like Global Entry/TSA PreCheck application fee credits and $100 airline incidental credit.
To get the most out of your credit union card, you’ll need to be a member of the credit union that issued it. Requirements vary by credit union and may include membership in a specific group, such as a certain type of employee or the military. Alternatively, you can join a large credit union that allows anyone to become a member, such as Navy Federal Credit Union or PenFed Credit Union. If you don’t meet membership requirements but still want to take advantage of a credit union card’s benefits, consider opening a checking or savings account with the same financial institution.