Senate Cents: A Financial Wellness Blog

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Choose Your Credit Cards Wisely

Published: August 12, 2019

Many of us want to take advantage of flexibility in our spending plans by using credit cards, but it is important to choose the right credit card to fit your lifestyle.  You may receive credit card offers in the mail, but that does not mean it is a good idea to apply for and begin using those cards.  When shopping around for a new credit card, look out for the following to be sure you are making a smart decision:

  1. Late fees and other charges – most creditors charge a fee if you do not make a payment on time. Other common credit card fees include those for cash advances and going beyond the credit limit. Some credit cards charge a flat fee every month, or every year, whether you use the card or not.
  1. Grace period – this is the time between the date of the credit card purchase and the date the company starts charging you interest.
  1. Annual Percentage Rate (APR) – know how much you’ll pay in interest if you carry a balance from month to month, and what the rate will change to if you are late making a payment.
  1. Customer service – customer service is something most people do not consider until there is a problem.

Also, be sure to know and understand any influences on your spending habits.  If you tend to overspend easily, avoid a card that offers rewards for spending unless you pay off your balance each month. 

No matter what credit card you end up choosing, be sure to use it wisely.  Remember that using your credit card means committing future earnings to monthly payments.  Stick to your budget, keep all receipts so you can check them against your monthly statements and dispute errors, and pay on time and preferably, in full.

ALL CAPS Stanley Cup Rematch Giveaway 

USSFCU Visa Smart Rate or Visa Smart Reward Credit Cards

Currently, USSFCU is giving members the opportunity to win Caps tickets and a fully catered suite for the Stanley Cup Rematch August 1, 2018 through September 30, 2018. Members are automatically entered for a chance to win, when they transfer an existing credit card balance from another financial institution. Two Grand Prize Winners will be selected on October 3, 2018.

For more information, terms and conditions please visit our ALL-CAPS Stanely Cup Rematch Giveaway-Credit Card Page.

Visit USSFCU’s Visa Credit Cards for more information on our credit card offers. 

If you want to learn more about credit, contact GreenPath. As a valued member of the United States Senate Federal Credit Union, you can take advantage of the GreenPath Financial Wellness program, a free financial education and counseling program.  GreenPath counselors are available Monday through Thursday 8 a.m. to 10 p.m. (EST), Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 6 p.m. To use this new service, simply call 1-877-337-3399 or visit them on the web at www.greenpathref.com.

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Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

- James · Locust Grove, GA

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

- Larry · Cumberland, MD

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

- Eliza · Washington, DC

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

- Charles · Upper Marlboro, MD

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

- Denise · Washington, DC

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

- David · Silver Spring, MD

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

- Manuel · Bowie, MD

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

- Misty · Brookings, OR

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

- Tamra · Denver, CO

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

- John · Fort Washington, MD

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

- Bernard · Richmond, VA

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

- Erwin · Ellicott City, MD

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

- Ruth · Takoma Park, MD

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

- Jacquelyn · Sanford, FL

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

- Jamie · Washington, DC

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

- Kathleen · Ukiah, CA

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

- Richard · Washington, DC

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

- Nicole · Alexandria, VA

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

- Angela · Alexandria, VA

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