Research by the Pew Charitable Trust revealed that the rate of interest and charges on credit union credit cards is more competitive than that offered by the banks. Although the savings vary between providers, the lower cost of borrowing money can help a member to reduce or even avoid debt completely. They are also far more likely to be sympathetic should the borrower ever encounter financial difficulties due to a change of personal circumstances.

Why Credit Cards from a Credit Union Offer Improved Terms

They offer more favorable terms because they operate solely for the interests of their members. They are a non profit organisation so they don't need to pay taxation. Any 'profit' is shared with members through competitively priced financial products. The underlying motivation, coupled with the cheaper operating costs, mean that they are better placed to offer members better value.