By Alex Rhowuniong
October 7, 2016
For some, shopping for the right credit card can be a bit of a taunting task. Especially, with so many cards to choose from. Here are some benefits of having a credit card.
Easy to carry, easy to use. Credit cards are accepted at more places than charge cards and prepaid cards.
Safer than cash. If your card is lost or stolen, just call your bank and cancel it. If it is stolen and used fraudulently, you’re much more likely to get the money back.
Buy now, pay later. If you don’t have the cash you need till next payday, a credit card gives you some extra financial wiggle room – though you should only use it if you’re confident you can pay it off.
Freebies often come with credit cards – things like air miles, reward points and cash back.
PENTAGON FEDERAL CREDIT UNION
The Pentagon Federal Credit Union (PenFed) offers a wider variety of cards. But their current “flagship” products—not only top general consumer offerings, but are also their top card offers to our Nation’s Defenders—include:
1. PenFed Platinum Rewards Visa Signature® Card:
No Annual Fee
No Foreign Transaction Fees
Annual Percentage Rate (APR) as low as 10.24% (up to 17.99% based on creditworthiness)
EMV Chip enabled for added security
Earn Points for all purchases
5 points for gas purchases at the pump
3 points for supermarket purchases
1 point on all other purchases
Points are redeemable for:
Merchandise
Gift Cards
eGift Cards
Travel
Donations to the PenFed Foundation or a charity of the Member’s choice
2. PenFed Defender Visa Signature® Card, available to those in military service, the National Guard, the Reserves, honorably discharged veterans or those retired from the United States Military
No Annual Fee
No Foreign Transaction Fees
APR as low as 10.24% (up to 17.99% based on creditworthiness)
EMV (euro, master, visa card) Chip enabled for added security
Earn 1.5% Cash Back on all purchases
Rewards are unlimited
Cash Back is automatically credited to your account each month.
For more information, visit their Credit Card Center at www.penfed.org and review all of their great offerings!
NAVY FEDERAL CREDIT UNION
At the Navy Federal Credit Union, the two most popular offers are currently:
The Cash Reward Credit Card is your reward based card offering
A cash advance
A 1.5% Cash Back on all your purchases.
It comes with has a rate of 9.9% to 18%.
No annual fee.
The Platinum Credit Card has an even lower rate of 8.24% to 18%. Also, with no annual fee.
The Navy Federal Credit Union is in BLDNG 1657C on the Naval Base, of course, in beautiful Santa Rita, Guam. Call them at 1-888-846-6328. Or check them out at www.navyfederal.org.
FIRST HAWAIIAN BANK
The First Hawaiian Bank has:
1. United MilagePlus® Credit Cards.
United offers customers a chance to earn award miles for their everyday purchases.
They can receive 1 mile per $1 spent and An additional mile for United ticket purchases made through United channels.
2. Priority Rewards Credit Cards.
This one allows customers to earn valuable CashPointsSM towards their choice of reward(s).
*All FHB personal credit cards get the 6% off at Mobil gas stations.
*For more information regarding requirements and other terms and conditions, please contact First Hawaiian Bank at 475-7900.
Guam has more banks and credit unions to choose from. This is only a small sampling of what our beautiful island offers in terms of credit cards. Enjoy!
