Money Matters

Your Credit Union Newsletter

Browsing: Credit Cards

Financial Wellness
What’s The Real Cost Of A Gift Card?

We’re in the final weeks of the holiday shopping season. You have a gift for everyone on your list. Well, almost everyone. There always seems to be one or two hard-to-buy-for people. Or people you want to acknowledge, but getting something too personal may not be appropriate. Gift cards have become the go-to gift for many of us. In fact, according to WalletHub, sales of gift cards are expected to reach $204 billion this year.

Continue Reading
Financial Wellness
Three Reasons to Always Pay More Than the Minimum

Credit cards are a valuable financial tool for both individuals and businesses, but they come at a price. You get purchasing power on the spot, and the creditor only requires you to pay off a small amount of the total every month, i.e., the minimum amount due. However, it’s important to remember that the minimum is calculated in the best interest of the creditor, which puts you at a disadvantage.

Continue Reading
Financial Wellness couple looking at statement
Our Year End Challenge: Pay Down Credit Card Debt

The holidays are here. Which means pie, eggnog, trees, tinsel―and debt. With inflation increasing and holiday debt a-plenty, maybe the tree isn’t the only thing you’ll want to trim this year. Cutting debt is a great resolution, and an excellent way to improve your financial health and stability. Plus it may be easier than you think – with a little help from your Credit Union.

Continue Reading
Keeping Your Money Safe
Are Store Cards Worth It?

When you’re at the cash register, it is almost inevitable that a real or virtual salesperson will make a pitch to sign you up for a store credit card. It is easy to be tempted by the one-time discount offered. But, before you get one, it is a good idea to consider the following factors.

Continue Reading