he Federal Reserve Prime Rate influences most variable interest rate products, including FFCCU credit cards. Your personal credit score can also affect your rate – a high credit score may qualify for a lower interest rate. The types of credit card you choose can also affect your rate. Cards that offer rewards, perks, or no annual fee may have a higher base rate.

As a credit union, we try to offer the lowest rates on credit cards we can, based on the Federal Reserve Prime Rate. To qualify for our lowest rates, stay on top of your credit. Paying your monthly payments on time and keeping your credit utilization low are good habits to adopt. Using your credit card wisely is a great way to improve your credit score.

Our rates are variable and will increase or decrease based on the prime rate that’s set by the Federal Reserve. These rate fluctuations typically happen about four times a year.

Yes. Some FFCCU credit cards come with a low introductory interest rate for a set time period after the card is activated. All of our cards come with variable interest rates. These rates will change quarterly based on the prime rate set by the Federal Reserve.

These terms are similar and indicate the amount of interest you’ll be charged when you carry a balance on your card. While APR stands for annual percentage rate, don’t let the word “annual” fool you. Credit cards will charge a daily interest rate on balances based on your APR. That’s just one reason to search for a card with the lowest interest rate you’ll qualify for – or pay off your credit card balance in full each billing period.

FFCCU prides itself on having great credit card interest rates. Our Great Rate VISA® Credit Card, for example, has a low introductory rate of 1.99% APR for the first year, and then a lower-than-average interest rate after that. Our Most Rewards VISA® Credit Card also boasts a rate that is lower than the industry average.

Our Great Rate VISA® Credit Card is ideal for new customers! New card holders receive a 1.99% introductory APR* on balance transfers made within 60 days of card activation and a $0 balance transfer fee! Plus, there’s no annual fee!

Shopping around and comparing types of credit cards is the best way to lower your rate. All FFCCU cards have great rates!

While your interest rate won’t increase if you miss a payment, you’ll incur other expenses. You’ll face late payment penalties, you may accrue additional interest on your balance, and missing payments can also hurt your credit score. This can make borrowing and future credit cards more expensive. Keeping track of your billing cycle is essential to avoid late fees.

The better your credit score the more likely you are to qualify for credit cards with better perks or lower rates. If your credit score is too low, you may not qualify at all. If you are just starting to build your credit, consider applying for a Shared Secure VISA® Credit Card. This card is backed by your share (savings) account, and your credit limit is the amount on deposit in your account.

FFCCU credit cards come with no annual fee. However, there are fees associated with late payments. Check your card’s Terms and Conditions for complete fee details.

While you may not be able to switch outright, you can apply for a new credit card. Just keep in mind that any credit applications can impact your credit score. As a community credit union, we’ll work with you to talk through all of your options. Just visit a branch or give us a call.