Credit Cards

A credit card offers convenience, peace of mind, and a secondary source of payment at various merchants and service providers. It has become a necessity in today’s payment world when booking flights, making online purchases, renting a vehicle, or even reserving tickets to your favorite football game. If managed correctly, it can also be a way to build, improve, and maintain good credit. Essentially a credit card offers a revolving account that provides access to a line of credit with an approved limit. The cardholder promises to pay back any amounts borrowed or charged on their card plus other agreed upon charges including any interest charges that is based on the cost of borrowing those funds for a certain period of time. 

If managed well the right credit card will also provide you with some additional benefits and features.  Bow Valley Credit Union offers a variety of personal cards, US currency cards, and business Collabria Visa Credit Cards which offer some great features including lower interest rates, mobile insurance coverage, travel insurance, and points that can accumulate to get you free stuff including flights, hotels and merchandise.