Retail Credit Card Rates Far Exceed Those at Credit Unions
You need to tell your members that the next time their favorite retailer offers themĀ one of their credit cards, they should think twice! A recent survey shows that on average retail card rates are 200 basis points higher than average credit union card rates. The survey noted that lowest retail rate belonged to Office Max at 9.99% APR, while Toys R Us weighed in with a hefty 26.99% APR. [8/8/14]