Watch Out for Credit Card Lenders' Tricks!
Do You Have a Credit Card with Another Lender? Do You Know Your Rate?
Major credit card issuers across the nation are currently raising their rates on cardholders with good credit and who are NOT behind on their payments! Why? They won't readily say, and they might just leave you feeling trapped!
In mid-January, one major credit card lender (Bank of America) sent letters notifying cardholders that it would more than double their rates to as high as 28%, without giving an explanation for the increase, according to letters obtained by Business Week. Fine print at the end of the letter, headed “Important Amendment to Your Credit Card Agreement,” advised calling an 800 number for the reason, but consumers who called were unable to get a clear answer.
Please know that we are your Credit Union and we are here to help. If you need assistance in transferring a credit card balance with another lender to our Credit Union, contact us. Our VISA cards have low, fixed rates that have not increased for many years. We will show you how we can save you money and offer you the peace of mind that comes from doing business with your Ontario-Montclair School Employees Federal Credit Union, a safe, sound and trustworthy financial resource. Contact a member of our helpful loan team at (909) 983-1959, Option 2, or stop by our office in Ontario.
Don't get trapped by major credit card issuers trying to pull a fast one on you! Read your statements and any letters from them carefully and check the rates they are currently charging you. You might be unpleasantly surprised.
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 Today, credit cards are a way of life. They offer you the power to buy virtually anything you need. Now you can get the credit card of your choice, and get that power, too! Don't be fooled by variable rate cards that offer low introductory rates. All OMSEFCU credit cards have a fixed rate – meaning the low rate you're paying today is the same low rate you'll pay month after month.
VISA Fits Your Style
Go with the card that suits your needs. Members may choose from the VISA Classic, Secured, Gold and the NEW Platinum. Whichever one is right for you, each one comes with numerous benefits. These include:
- Low fixed rates start as low as 9.48%
- No annual fee
- 25-day grace period on purchases
- Worldwide acceptance
- ATM access at over 300,000 networks
- Travel insurance
- Access your VISA account online
- Register for online protection through Verified by Visa
 With the new VISA Platinum from OMSEFCU, you can benefit with a start rate as low as 3.90% for a full 6 (six) months once your card has been activated for balance transfers and purchases.
Most cards only offer this feature for balance transfers, or they tier how much you need to charge to get the lowest rate, but not ours!
More great reasons to have a VISA Platinum
Everyone who qualifies will get the same low rate for which they are approved. The rate will convert to as low as 9.48% APR* fixed.
Here are some of the other great features you'll get with VISA Platinum:
- Score Card Program
- Extended Credit Lines up to $20,000
- 25-day Grace Period on Purchases
- $1 Million Travel Accident Insurance
- Concierge Services
- Auto Rental Insurance
- Traveler Assistance
- Emergency Monetary Services and More!
Call us today to apply for your new OMSEFCU VISA Platinum Card! (909) 983-1959.
*On approval of credit. The VISA Platinum finance charge is computed by multiplying the average daily balance by the monthly periodic rate of 0.325% (corresponding annual percentage rate is 3.90%), or 0.79% (corresponding annual percentage rate is 9.48%). 3.90% APR and 9.48% APR are the lowest rates available for VISA Platinum. No grace period on cash advances.
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