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The Verdict: Members of the Randolph-Brooks Federal Credit Union, better known as RBFCU, can apply for the RBFCU Gold Cash Back Visa credit card. And this is a good thing. Cardholders with solid credit can qualify for a purchase interest rate under 10 percent, a far better rate than they’d get with most traditional consumer credit cards. This card also provides cardholders with cash back every time they use it to make a purchase. The only catch? To apply for this card, consumers must be a member of the RBFCU, and to be a member you must live in one of several South Central Texas communities.
Overview: Credit union credit cards have a good reputation in the industry for having low fees and interest rates. The RBFCU Gold Cash Back Visa credit card does nothing to refute this. The card not only comes with a solid cash-back program, it also offers low rates and fees.
How This Card Works: Cardholders will receive cash back every time they use the RBFCU Gold Cash Back Visa card to make a purchase. Every November, cardholders will receive a check for the amount of cash they’ve earned during the year.
Travel & Shopping Benefits: Cardholders will receive 1% cash back every time they use their card to make a purchase.
Fees: The RBFCU Gold Cash Back Visa card comes with a purchase interest rate that ranges from 9.7 percent to 15.7 percent, depending on the creditworthiness of the cardholder. The card also features an introductory interest rate of 3.9 percent for all balance transfers made from July 1, 2011, through Dec. 31, 2011. The card charges no annual fee, cash-advance fee or over-the-credit-limit fee. Its late-payment fee is $18, while its returned-payment fee is $15.
- No annual fee.
- Solid cash-back rewards program.
- Low interest rates.
- Must be memember of RBFCU to apply for card.