Are you ready to unlock the hidden treasures of cash-back rewards? When it comes to credit cards, credit unions have been quietly making a name for themselves by offering some of the most rewarding and competitive cash back options on the market.
Unlike big banks, credit unions focus on providing personalized, member-centric financial services, making them a fantastic choice for those seeking a more tailored banking experience. As a result, credit union credit cards have emerged as the go-to option for savvy consumers who want to earn cash back on their everyday purchases.
In this blog post, we’ll unveil the top 10 credit union credit cards for cash back rewards that not only offer generous returns on your spending but also come with an array of exclusive perks and benefits. So, buckle up and get ready to discover the best-kept secrets in the world of credit union credit cards, and learn how to maximize your earnings with every swipe.
Overview of Credit Union Credit Cards
Credit unions, as not-for-profit financial institutions, have been serving communities across the United States for decades. They offer an alternative to traditional banks, focusing on the needs of their members and providing a personalized approach to financial services. One of the key offerings from credit unions is their range of credit cards, which often come with competitive rewards programs and exclusive benefits tailored to the unique needs of their members.
Here’s an overview of credit union credit cards and what sets them apart from their big bank counterparts:
- Member-centric approach: Credit unions are owned and operated by their members, which means they prioritize the needs of their members over profit. This approach results in credit cards with competitive interest rates, low fees, and attractive rewards programs.
- Competitive rewards programs: Credit union credit cards often feature cash back, points, or miles rewards programs that rival those of major banks. These rewards can be earned on everyday purchases, with some cards offering bonus categories for even greater earnings.
- Lower fees and interest rates: Due to their not-for-profit status, credit unions often provide credit cards with lower fees and interest rates compared to big banks. This can include lower or no annual fees, lower balance transfer fees, and lower interest rates on purchases and cash advances.
- Access to exclusive perks and benefits: Credit union credit card holders can enjoy exclusive perks and benefits such as travel insurance, purchase protection, extended warranties, and more. These benefits may vary depending on the credit union and the specific credit card offering.
- Community-driven focus: As credit unions are deeply rooted in their local communities, they often offer credit cards designed to cater to the needs and preferences of their members. This can include cards that support local charities, offer rewards at regional businesses, or provide other unique benefits tailored to the community.
- Relationship-based lending: Credit unions often take a more holistic approach to lending, considering factors beyond just credit scores. This can make it easier for individuals with limited or less-than-perfect credit history to qualify for a credit card, providing an opportunity to build or rebuild their credit.
In summary, credit union credit cards offer a range of benefits that cater to the unique needs and preferences of their members. With competitive rewards programs, lower fees, and a focus on community and personalized service, credit union credit cards have become an increasingly popular choice among consumers seeking a more tailored and rewarding banking experience.
The Top 10 Credit Union Credit Cards for Cash Back Rewards
To help you make the most of your spending and enjoy exclusive perks, we’ve put together a list of the top 10 credit union credit cards for cash back rewards. These cards not only offer cash back on your purchases, but also provide an array of additional benefits for cardholders.
1. Alliant Cashback Visa® Signature Card
The Alliant Cashback Visa Signature Card stands out with an impressive 2.5% cash back on all purchases, eliminating the need to track categories or worry about earning limits. The card waives its annual fee for the first year and charges a reasonable $99 fee thereafter.
Notable perks: No foreign transaction fees, travel accident insurance, and car rental collision damage waiver.
2. PenFed Power Cash Rewards Visa Signature® Card
The PenFed Power Cash Rewards Visa Signature Card offers 2% cash back on all purchases for PenFed Honors Advantage members and 1.5% for non-members. This card features no annual fee and a competitive APR for those who occasionally carry a balance.
Notable perks: Cell phone protection, roadside assistance, and travel accident insurance.
3. Navy Federal Credit Union cashRewards Credit Card
The Navy Federal Credit Union cashRewards Credit Card is among the top Credit Union Credit Cards for Cash Back Rewards, it provides 1.5% cash back on all purchases, making it an ideal option for military personnel and their families. The card also offers a special introductory rate of 2.5% cash back during the first year and has no annual fee.
Notable perks: Collision damage waiver on rental cars, travel and emergency assistance, and extended warranty on eligible items.
4. BECU Cash Back Visa® Card
With the BECU Cash Back Visa Card, you can earn 1.5% cash back on all purchases without worrying about an annual fee. The card also offers a low APR for balance transfers, which makes
it an attractive choice for those looking to consolidate debt and save on interest.
Notable perks: Zero liability for unauthorized transactions, travel accident insurance, and purchase security for eligible items.
5. Golden 1 Credit Union Platinum Rewards Visa® Card
The Golden 1 Credit Union Platinum Rewards Visa Card allows you to earn 3% cash back on gas, groceries, and dining out, as well as 1% cash back on all other purchases. With no annual fee and a competitive APR, this card helps you maximize rewards on everyday spending.
Notable perks: Auto rental collision damage waiver, roadside assistance, and travel accident insurance.
6. PSECU Founder’s Card
The PSECU Founder’s Card offers a straightforward 2% cash back on all purchases. With no annual fee, this card is perfect for those who prefer simplicity and unlimited cash back rewards.
Notable perks: Auto rental collision damage waiver, extended warranty on eligible purchases, and zero liability for unauthorized transactions.
7. Consumers Credit Union Visa® Signature Cash Rebate Card
With the Consumers Credit Union Visa Signature Cash Rebate Card, you’ll earn 3% cash back on groceries, 2% cash back on gas, and 1% cash back on all other purchases. With no annual fee and a low APR, this card is an attractive option for those looking to maximize rewards.
Notable perks: Price protection, purchase security, and travel and emergency assistance.
8. First Tech Federal Credit Union Choice Rewards World Mastercard®
The First Tech Federal Credit Union Choice Rewards World Mastercard offers 2x points on groceries, gas, electronics, medical expenses, and household goods, with 1x points on all other purchases. Redeem your points for cash back, travel rewards, merchandise, or gift cards.
Notable perks: Cell phone protection, identity theft resolution services, and zero liability protection for unauthorized transactions.
9. UNIFY Financial Credit Union Cash Rewards Visa® Card
This Credit Union Credit Cards for Cash Back Rewards provides 3% cash back on dining and convenience store purchases, 2% cash back on gas, and 1% cash back on all other purchases. With no annual fee, this card is designed to maximize rewards on everyday expenses.
Notable perks: Auto rental collision damage waiver, roadside assistance, and travel accident insurance.
10. Langley Federal Credit Union Cash Back Visa® Signature Card
The Langley Federal Credit Union Cash Back Visa Signature Card offers 1.5% cash back on all purchases, with no limit to the rewards you can earn. The card also boasts no annual fee and a low APR.
Notable perks: Auto rental collision damage waiver, extended warranty on eligible purchases, and travel and emergency assistance.
Conclusion
These top 10 credit union credit cards for cash back rewards offer a fantastic way to make the most of your spending while enjoying exclusive perks and benefits. As you consider the best card for you, remember to factor in your spending habits, the card’s fees, and the additional benefits offered. By choosing the right credit card, you can maximize your cash back rewards and experience the unique advantages that credit union credit cards have to offer.
FAQs
Q: What is a credit union credit card with cash back rewards?
A: A credit union credit card with cash back rewards is a credit card that offers a percentage of cash back on eligible purchases made with the card. The cash back rewards can be redeemed for statement credits, gift cards, or other rewards.
Q: How do credit union credit cards with cash back rewards work?
A: Credit union credit cards with cash back rewards typically offer a percentage of cash back on eligible purchases, such as groceries, gas, and dining. The percentage of cash back varies depending on the card and the category of the purchase. Once you accumulate a certain amount of cash back rewards, you can redeem them for statement credits, gift cards, or other rewards.
Q: How do I apply for a credit union credit card with cash back rewards?
A: To apply for a credit union credit card with cash back rewards, you must be a member of the credit union. You can apply online or in-person at a branch. To apply, you will need to provide personal information, such as your name, address, and social security number, as well as information about your income and employment.
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