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Before you sign on the dotted line, make sure you understand what you're getting.

Obtaining credit is a big step. Before you sign on the dotted line, make sure you understand what you’re signing up for.

Look at the following:

Interest Rates: How much do you want to pay to borrow money? 21%, 18%, 12%? Are you earning that kind of interest on your savings? No! Be smart; shop for the lowest interest rate you can find.

Late Payment Penalties: You could be charged a $35 late fee on a $50 monthly payment! Always make payments on time, or sign up for automatic payments so you'll never have to worry about making payments.

Beware of Introductory Offers: Some credit cards charge little or no interest for the first six months to one year, but after that the rates go up. Read the terms of the credit card carefully so you know what the rates will be after the promotional period.

Annual Fees: Some credit cards have annual fees; some don’t. If the card has a fee, check out the reason for it. Does the card offer benefits, such as store discounts or travel rewards? If you don’t need the benefits offered, pick a card with no annual fee.

Check out the various credit cards Securityplus has to offer!

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Join Securityplus Today

Becoming a member of our Credit Union is easy! It only takes a few minutes to apply and make the $5.00 minimum deposit to open your Share Savings account. Benefit from lower lending rates, higher dividend rates, fewer or lower fees, and more!


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