Credit Cards for Debt Consolidation
Published January 27, 2023
Credit cards have become a popular debt consolidation tool for many people looking to get their finances in order. Credit union credit cards, in particular, offer competitive rates and flexible repayment options that can provide additional savings and better terms for some borrowers. In fact, credit union credit cards legally can only go as high as 18% APR, which is lower than the national average credit card rate of 25% APR.
Credit Cards at Neighborhood Credit Union
For borrowers looking to consolidate debt with a Neighborhood Credit Union credit card, two options are available. Visa Signature® Cash Rewards Credit Card and Visa Platinum.
- The Visa Signature Cash Rewards credit card has 1.50% cash back on all purchases, with no cash back limit, no annual fee, no balance transfer fee, and a variable interest rate of 16.50-18.00% APR.1
- Get 0.0% APR for 6 months on a Visa Platinum credit card, enjoy no annual fee, no balance transfer fee, and a variable interest rate of 15.50-18.00% APR* after the promotional 6 months.2
Click here to learn more about what each credit card has to offer and how to apply.
Choosing the right credit card to consolidate your debt is an important decision. Both Neighborhood Credit Union credit cards offer unique rewards, and both have specific reasons as to why you would choose one over the other based on your debt consolidation goals.
1Must be 18 years or older to apply. Applicants under the age of 21 may require a co-signer unless independent means of repayment can be established. Minimum credit line is $5,000. APR based on creditworthiness. Rates are variable and subject to change and will be calculated based on the Wall Street Journal Prime Rate and may go up to a maximum of 18.00%. Minimum payment is 3% of total new balance or $35.00, whichever is greater. Cash advance fee is $10 or 3.00% of the amount of each cash advance, whichever is greater. Late and returned payment fee: up to $35. A Foreign Transaction fee of 2.00% will be applied in US Dollars to each transaction conducted outside of the United States. No balance transfer fees. Additional limitations, terms and conditions may apply. Equal Opportunity Lender.
2 Must be 18 years or older to apply. Applicants under the age of 21 may require a co-signer unless independent means of repayment can be established. Introductory APR only applicable to new credit card applications. 1.99% Introductory APR for 6 months from issuance of the card on balance transfers and purchases. After the introductory period, APR will be adjusted based on creditworthiness and balance transfer fee will be at 3%. Rates are variable and subject to change and will be calculated based on the Wall Street Journal Prime Rate and may go up to a maximum of 18.00%. Minimum payment is 3% of total new balance or $35.00, whichever is greater. Cash advance fee is $10 or 3.00% of the amount of each cash advance, whichever is greater. Late and returned payment fee: up to $35. A Foreign Transaction fee of 2.00% will be applied in US Dollars to each transaction conducted outside of the United States. Additional limitations, terms and conditions may apply. Equal Opportunity Lender.
Catch Up on More News
Explore News & Events for more updates on what's happening in your community and at the credit union.
Who We Are
As an active part of the community for 93 years, Neighborhood Credit Union is a not-for-profit financial organization serving the state of Texas with branch locations in Collin, Dallas, Denton, Ellis, and Tarrant counties. With assets topping $1 billion, Neighborhood Credit Union has a continuously growing membership of over 60,000. For more information, call (214) 748-9393 or visit our homepage.