How-to take advantage of your credit – 3 great money saving tips!

Your credit is one of your most valuable assets. In our last blog post, we wrote about how to improve your credit score. Now, let’s dive into the fun stuff… how to take advantage of your great credit! You have worked hard to build up your score, now it’s time to reap the rewards.

Super low Intro Credit Card Rates:

At Blue Chip FCU, we offer something unheard of in the financial industry… a super low-rate (2.99% APR) introductory VISA credit card where you get to KEEP your intro rate on all purchases made in the first year! You will get 2.99% APR on anything you purchase in the first 12 months and keep that rate for the lifetime of the balance. This card is perfect for big vacations, expensive furniture purchases and costly home renovations or repairs. This rate is better than almost all home equity, vacation and personal loan rates available! Your great credit just saved you a lot of money!

Young mom and daughter holding shopping bags

Rewards Based Credit Cards:

In addition to getting great rates, you can also qualify for rewards based credit cards! Many cards offer special perks such as free airline miles, hotel stays, cash back and more. Using your VISA card for most household purchases and bills is a great way to build those point fast. With our BCFCU VISA, you get an amazing super low intro rate AND Scorecard rewards that can be redeemed for travel, hotel stays and merchandise. One of our employees redeemed her points for a free $400+ Dyson Vacuum Cleaner!

CAUTION: We always want to advise our members to proceed with caution when using your credit card to buy a majority of your purchases. You will want to make sure you have the cash available to pay that balance in full every month to avoid finance charges.

Save money on summer vacation. Family laying on the sand in front of the ocean.

Extra (non-loan) Perks:

With great credit, you can expect to almost always be approved and receive the lowest loan-rates available. But, did you know having great credit can also help you in other areas of life? A great score can get you better insurance rates and no security deposits on contracts such as your cell phone plan or utilities.

close up of hands using mobile application on smartphone, woman checking emails on her smart phone in cafe

If your credit score isn’t what you want it to be, it isn’t too late! Check out our previous blog post for tips to improve your credit or contact one of our expert loan officers to review your situation and come up with a plan to improve your credit!