How to Select A Credit Card
Make a Good Match!
It is important to select the right credit card for your personal financial profile. Before you apply for a credit card based upon a special offer or visions of using points to get those amazing golf clubs or tour the world; do a financial a reality check. Consider your current and near-future debts, income, savings goals, spending profile and how you pay your debts.
Select the type of credit card
that best suits your purposes:
Get Out of Debt & Improve Your Credit Rating
Get a card with the lowest permanent interest rate, and no fees. This way, more of your payment goes directly to pay down the principal balance due, rather than paying a higher percentage of your total payment towards the interest you owe on your balance -which would drag out the repayment time on your debt. "But, I want to earn points." When you have debt, this is not the time to think about earning rewards points. Reward yourself when you have eliminated your debt! Make regular and additional payments, on a low interest rate no-fee card, and take advantage of special offers. This is how you eliminate your debt and, in turn, improve your credit score.
Earn Rewards On Purchases
- The WCTFCU Visa Gold Credit Card has rates from 8.00% APR and no fees. Open a new one and take advantage of the 2.99% APR interest rate (for 12 months) on all credit card debt transferred in, during the first year. With NO Transfer Fees.
- WCTFCU runs a credit card balance transfer special offer from time to time. During the promotional period, Members can transfer credit card debt to their existing WCTFCU Visa card, pay NO Transfer Fees, and pay a very low rate (ex. 2.99% APR) on the transferred balances for a set term (ex. 12 months). After the term for the transferred ballance(s) ends, the interest resumes at the flat rate for the Member's WCTFCU Visa card (as low as 8% APR).
Make sure you select a fair-exchange points card. Fair exchange of points earned on purchases, and fair exchange for points necessary to select your reward-item(s). You can't get something...for nothing. If you are getting rewards on your credit card purchases...How is the card company is making back the money on giving you those rewards points? Is the interest rate higher? Is there an annual fee? Is that annual fee higher than the cash-value on the rewards you would earn? Is there a reasonable exchange rate of points for items?
I'm A Student
- The WCTFCU Visa Platinum Credit Card has rates from 8.50% APR offers ScoreCard Rewards Points on all purchase. Additional special bonus offers include double and triple points for select purchases during promotional periods, such as triple points on all gas & grocery purchases. No opt-in necessary.
With a simple card that offers low rates and no fees, a student can learn how to responsibly develop, manage and use their credit, while incurring as few costs as possible. The student can easily learn how to link their checking account to their credit card in order to make payments from their mobile phone.
Calculate your Debt
- The WCTFCU Student Visa Credit Card has a $2,000 cap. Card holder must be at least 18 years old, and enrolled in college/university to apply.
Our Credit Card Debt Reduction Calculator
is safe and easy to use.
Which card suits you best? Compare the 3 low-interest WCTFCU Visa Credit Cards using the easy chart
Complete a quick, secure & easy online Application for the WCTFCU Visa Credit Card that best suits you.
Avoid Identity Theft - Protect Your Credit
With Equifax’s catastrophic 2017 security breach, along with various retailers' frequent data breaches, now is a really good time to consider freezing your credit, if you haven’t already.
Credit freezes are one of the most effective ways for consumers to protect themselves against identity theft — this goes for anyone at any time — regardless of whether you were impacted by this specific breach. It is imperative that you freeze your credit with all three main credit reporting agencies: Equifax, Experian
is a link to a quick and complete reference guide that includes steps to take in order to put a freeze in place with each bureau
, followed by more information on the process of how/when to thaw your credit
, links to each credit bureau and more.
What is a Credit Freeze?
A credit freeze allows you to seal your credit reports and use a personal identification number (PIN) that only you know and can use to temporarily “thaw” your credit when legitimate applications for credit and services need to be processed. The added layer of security means that thieves can’t establish new credit in your name even if they are able to obtain your personal information.
Freezing your credit files has no impact whatsoever on your existing lines of credit, such as credit cards. You can continue to use them as you regularly would even when your credit is frozen.
Freezes have been available for free to victims of identity theft for some years, but recently all three of the major credit bureaus adopted new rules that now allow non-victims to have access to credit freezes as well for a small fee ($3 - $10/ea).
Source: edited from original by Clark Howard 12.4.17 Credit Freeze Guide: The best way to protect yourself against identity theft