Otherwise, it may be a struggle to manage your account.įewer products and services. If you don't live near a branch location, you'll have to be comfortable with online and mobile banking. Ultimately, your experience will vary depending on where you live. If you live near any of the credit unions mentioned, you still get to visit a brick-and-mortar location and deposit cash. Credit unions often have a few local branches in a city or county. Online banks may be online-only, so some might not have any physical locations. Points can be spent on gift cards, travel, or even donating to charities. For instance, Affinity Plus Credit Union has a rewards program that lets you earn points if you keep a certain amount of money in your account or use a bank credit card. Some credit unions have rewards programs. Meanwhile, online banks might not charge any monthly fees.Īdditional member perks. At a traditional brick-in-mortar bank, you may need to keep a certain amount in your account each month or meet distinct requirements to waive the fee. Many of the credit unions featured on our list have bank accounts with zero monthly maintenance fees. If you open a high-yield savings or checking account, you'll have a safe place to store your money and earn a competitive rate with ease.įewer monthly service fees. Look for a high-yield bank account at credit unions and online banks until you find one meets your needs. However, with online banks, it might be more of a toss-up since interest rates are similar. Pros of joining a credit unionĮarn high interest rates. Credit unions typically offer higher interest rates than traditional brick-and-mortar banks. What are the pros and cons of choosing a credit unionĪre you still mulling over the decision of whether to pick a credit union or a bank? Here are a few of the main pros and cons to consider about credit unions, which might help sway your decision in determining whether a credit union is right for you. However, if you or a family work in the aviation industry or live in an eligible county or metro area, you also might be eligible. Membership requirements: The easiest way to join Wings Financial Credit Union is to donate $5 to the Wings Financial Foundation. If you meet the bank account requirements for one of these two accounts, you'll earn a high rate. Why it stands out: Wings Financial Credit Union offers high-yield savings and checking accounts. The math though means - +1.5% from 2-5k, +1.3% from 5k-7.5k, but 1.53% above 7.Read Our Review A looong arrow, pointing right One can assume under 2k spend per quarter, just the standard 5/2/1. The 5%, 2% and 1% will still be in effect. Or are you saying the 5% / 2% / 1% are just now completely gone? Is there still a $3500 per cap per month at Amazon? "Is this on top of the 5% at Bookstores and 2% at Supermarkets, Restaurants, Gas Stations? In addition to the 1% spent on general spend? To qualify and receive the additional bonus points, the required spend amount in purchases must be met." Bonus points are earned as follows: Affinity Cash Rewards Visa Signature: In addition to the standard points, cardholders will earn 3,000 points when spending $2,000 6,500 points when spending $5,000 11,500 points when spending $7,500 during the promotional period of Januthrough March 31, 2023. "For next quarter the bonus points are earned based on how much is spent with your card, there are no longer any spending categories. "Good afternoon - just curious if the first quarter 2023 bonus categories for credit cards has been decided yet. Since it's almost 2023, I went ahead and asked a question in the "secure email" portion for Affinity today. We may make an exception if it's truly unique and helpful. Self-promotional posts must be pre-approved by a mod. Spamming other users will get you banned. This includes any behavior that could be deemed fishing for referrals. Don't post them don't hint at offering them don't ask for them. This applies to any posts where we suspect anything potentially illegal or fraudulent, and may include buying/selling tradelines. PIN, Signature).Ĭapital One Upgrade Link - Check PC eligibility for your existing card List of credit card company phone numbersĬredit Card Tuneup or CreditIntro to help you find the right cardĮMV CVM Database - Find a card's Cardholder Verification Method list (e.g. Template for Card Recommendation Requests CreditKarma - Uses TransUnion and EquifaxĬreditSesame - May use Transunion or Experian depending on service
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