When we buy shoes, or car tires, or razor blades, we know that they’re not going to last forever. At some point, they won’t provide the performance we expect, and we’ll replace them with new ones.
But what about credit cards? The cards themselves may not wear out, but is that credit card you obtained several years ago still the best one for your needs? Credit cards change over time. Interest rates fluctuate, and the terms may be different. The credit card industry is increasingly competitive, and card issuers are constantly changing the deals they offer.
Unfortunately, many of those changes are hidden in the small type of agreements. It may be that your old credit card is no longer the right choice for you. That’s why it’s a good idea to review your credit cards every couple years. Take a look at the interest rate, any fees you’re paying, and terms such as the grace period before you’re charged interest. Then compare your card with those being offered by credit card issuers.
You’ll find some great credit card deals at Indiana Members Credit Union. We have a variety of different credit card plans, so you can choose the card that best meets your needs. For example, if you like to travel, our Visa Platinum® card currently lets you earn points that you can redeem for travel bonuses! Stop by any office or visit our website to learn more.