Credit Union CC's

iVillage Member
Registered: 07-25-2008
Credit Union CC's
3
Wed, 01-14-2009 - 1:13pm

Are interest rates being increased on cc's issued through your credit union?


We have 4 credit cards, 3 of them we do not charge on and the one that do sometimes charge on is issued through a credit union.


We have two with Citi & one with Discover...I read on a previous post that Discover has increased the interest rate too.

Taking it day by day...

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Wed, 01-14-2009 - 3:17pm

Mine was always high - 13.9%. On the other hand, there are no fees associated with my credit union, and their CD rates are still higher than the online banks'. This is my one remaining CC, which I pay off every month and only use when a merchant doesn't take Amex. I figure having 13.9% interest keeps me from ever carrying a balance forward - WAY too much when compared to what my money is earning in savings accounts and CDs!

Kelly

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Wed, 01-14-2009 - 7:44pm
I have a cc issued by my credit union. It used to be 9.99% fixed. They have since changed it to a variable rate, higher than 9.99%.

All my best,
Danni
cl-phocid, Debt Support Group



All my best,
Danni

iVillage Member
Registered: 07-10-2003
Wed, 01-14-2009 - 8:26pm

I have a line of credit with one credit union and when interest rates were shooting up a few years ago there's did not move.