N.Y. Times' Lieber: You can get better cards at CUs
NEW YORK (11/11/09)--Consumers looking to get the best deal on credit cards will pay lower rates and receive better treatment from credit unions, The New York Times financial columnist Ron Lieber wrote Tuesday.
Although big card companies have the edge when it comes to racking up frequent flier miles and other rewards, consumers who carry a large balance over months or years will do better at credit unions, Lieber wrote.
"Credit unions are nonprofit entities and are controlled by their members, which gives them a big advantage on pricing," he wrote.
"Having a credit union's credit card in your wallet is a good option for the fed up and indebted, or for anyone who worries about needing a card to borrow someday," Lieber added.
The column also pointed consumers to CUNA's online CU locator at www.creditunion.coop to help them find a credit union they can join.
To view the column, use the link.
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