With rising interest rates and a fluctuating economy, we hope it helps knowing that your credit union has your back and that we work hard to offer you some of the lowest lending rates in the country.
Remote Deposit Capture
Member Appreciation 100-Day Share Certificate
For a limited-time-only, we are offering a 100-day Share Certificate with a 1.65% APR/1.66% APY, which is available only for new deposits.
2.90% APR for Tuition and Student Loans
It’s Not Too Late To Lock Up Your Rate!
Mortgage rates are rising, but in today’s fluctuating market, it’s not too late to lock up your rate!
Check Out Our Low Auto Loan Rates
National Police Credit Union auto loan rates are among the lowest and most competitive in the country.
National Police Credit Union Visa Credit Cards
Low, non-variable rate Visa credit card options for our members.
Take the Next Step In Identity Theft Protection with a Premium Checking Account
Premium Checking’s real-time credit monitoring with daily alerts keeps you informed of credit activity 24/7.
You can monitor card activity with Visa Purchase Alerts.
All transactions made with your debit card are listed on your monthly account statement.
A PIN is a numeric code you enter to enable a transaction at an ATM or point-of-sale terminal.
Tell the merchant you want to make a credit purchase and sign the receipt.
No. You may need to present identification to the merchant, however, no other personal banking information, such as your PIN or account balance, can be accessed by merchants.
Please call the credit union at (844) COP-SAVE, or contact Visa directly.
Yes, please. Complete the Travel Exemption form at least two days before you go out of town.
A credit card is considered a revolving debt. When your first Visa card arrives in the mail, you have a credit limit assigned to you based on several factors, including your credit history, credit score, and current income level. When you use the line of credit, you are given a period of time to pay off the charges without incurring interest. If you bring a balance forward, you will then have to pay interest on the remaining balance. If you shop around, you can find credit cards that offer great rewards, or non-variable interest rates. If used wisely, these credit cards can extend your buying power and even give you “cash back” or provide other valuable rewards such as travel and discounts.
The first step to finding out if a credit card is right for you is to do your research and find out which type of credit card benefits you the most.
What “type” of credit cards are currently on the market?
There is a credit card for virtually every level of credit, from a student’s introductory Visa card, which requires little credit history to apply, to the most exclusive ones for those with unvarnished credit history, and everything in between. Each card has a different appeal: some offer low- or no-introductory APR (Annual Percentage Rate) financing or great low rates on large purchases, while others have a points or miles rewards system.
Which is best?
That depends on your personal credit needs and level of spending habits. For those who use credit cards for small, regular purchases, and who don’t tend to carry a balance, a rewards credit card could help them earn special extras for using their card all the time. For those who use a credit card to finance a big one-time purchase that will take months to pay off, a low-rate credit card could help them save money on their overall purchase.
Students and First Time Borrowers
For students and those who have just entered the job market, credit is a hard thing to come by. There is a largely-held myth that you need a credit card in order to build credit. This isn’t true, but it isn’t totally false. By paying your bills on time, you can build a solid and highly-rated credit history. This process can take years, though, which isn’t always ideal.
Starting out with a student Visa card, you can begin to build your credit faster than through bill payment alone. Beware, though, of the lure to spend more than you have-- always try to pay off your balance on time and in full to get the most out of your credit card.
Most student cards come with a higher interest rate than cards designed for those with established credit. What this means for the student Visa holder is that unpaid balances can add up in a hurry, and the longer they remained unpaid, the more expensive future bills become.
Established Credit Holders
Individuals with established credit enjoy more Visa card choices. Depending on your credit history and score, you will need to look at the difference between credit card benefits, such as rewards or rates, when choosing the best card for your lifestyle.
Rewards credit cards are great for people who do not carry a monthly balance. When you use a rewards card as your regular Visa, it can help you earn gifts, such as a vacation or new TV, depending on your program and desires. Some cards, such as the National Police Credit Union Copper Cash Back Card, offers you a percentage of your purchases in terms of cash paid back to you. By making regular purchases and paying your bills on time and in full, you earn points, miles, or cash back, all of which can add up fast! As always, be sure to read the credit card details before you sign up, and keep up with the schedule of fees.
Credit cards that offer a low rate are good for people who need to make big purchases but require several monthly payments to complete the transaction. Low credit card interest rates mean that when you make a large purchase, you aren’t penalized for paying over a period of months.
Most of these cards only offer low rates for a limited period of time, after which rates are increased. If you plan to pay off your outstanding balance within the introductory time, then a low-rate card is the one for you.
In the end, you have to do the digging for yourself to determine which type of credit card benefits you the most. If you need a place to start, be sure to review the ample selection of Visa credit cards offered by National Police Credit Union.
*APR = Annual Percentage Rate.
**Credit limit subject to credit qualification.
***Refer to program specifics regarding establishment of credit limit.