Dallas is home to the Dallas Cowboys, the George W. Bush Presidential Library, Dallas World Aquarium — and some of the best brisket and barbecue you’ve ever tasted. Not only does that make living in the city that much more appealing, keeping up with the attractions and restaurants can get expensive.
Getting a credit card to help you afford your Dallas lifestyle can be a smart idea. But the next time you’re looking for a better credit card, keep an eye out for these money-saving benefits.
1. Low Rates
Whether you use your credit card to buy monthly groceries or to furnish your new home, you don’t want to pay an exorbitant amount of interest. But paying anywhere from 13.12% to 22.99% APR — the average credit card interest rates, according to ValuePenguin — can add to your monthly costs quickly if you accumulate credit card debt.
Air Force Federal Credit Union, on the other hand, offers a low rate of 8.00% APR for their Visa Platinum card. This rate is the same for purchases, transfers and cash advances which will help you save money over time.
One of the benefits of using a credit card is that you can earn reward points or get cash back. You can use your credit card rewards to take that vacation you never seem to budget for or use it as a bonus to help you lighten the load of your holiday budget at the end of the year. No matter what you choose, a credit card with rewards will save you money.
3. No Annual Fees
There are many great credit cards on the market that offer rewards for spending, but they also come with an annual fee. A card without an annual fee will save you money, but be sure to also find a card that offers rewards or cash back. Air Force FCU’s Visa platinum card has no annual fee, yet still offers points for every $1 spent.
4. Zero Liability Protection
Credit card data is being stolen at the highest rate in two decades, according to The Wallstreet Journal, which can be scary if you use a card for everyday purchases. Debit cards are connected directly to your bank account, and if a criminal steals your info, they can wipe out your entire account, leaving you defenseless until your bank can clean up the mess. Even then, your bank might hold you accountable for some of the charges.
Using a credit card with Zero Liability Protection, however, means that you will not be held responsible if anything happens to your credit card account. Even better, your personal bank account will not be touched if your credit card info is stolen.
5. Payment Protection Plan
No one likes to think of the worst, but it is nice to have that reassurance that if in the case of death, sickness or injury, there are payment protection options available. Adding a protection plan to your credit card means your loved ones aren’t stuck with the debt if something bad happens to you.
If you get a credit card with these money-saving benefits from your local credit union, your everyday spending can be protected — and really pay off.
Air Force Federal Credit Union is a GOBankingRates client.