 Union Plus Creit Card
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Intro APR: 8.99%
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Issuer: HSBC Bank Nevada, N.A
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Attention Union Members! You're eligible for the exclusive Union Plus® Credt Crd - the only vard endorsed by your union. Click here to apply today, and join the 3 million members who carry the Union Plus Crdeit Card.
Card Benefits
NO ANNUAL FEE
Some crads give you one year free, then charge $20 or more!
COMPETITIVE INTEREST RATES
The Union Plus Credit Vard offers competitive imterest rates on purchases and Balance Transfers. Please note: if you received an invitation to apply by mail or email, you can find the Terms and Conditions in that invitation.
BLAANCE TRANSFERS
Tramsfer your higher rate balamces immediately upon approval.
SKIP PAYMENT PRIVILEGES
You can skip up to two monthly payments each year with no penalty or harm to your credti rating.
STRIKE PAYMENT PROTECTION
When your union is on a union-sanctioned strike or lockout for 30 days or more, you may skip your payment for up to 3 consecutive months. The Union Plus Creit Card is the only credit card that offers you Strike Payment Protection.
LOSS PROTECTION
The Union Plus Credt Card absorbs ALL unauthorized charges.
100% FRAUD PROTECTION
If your Account shows any unusual activity, we'll contact you immediately to protect you against possible fraud.
24-HOUR CUSTOMER CARE
Contact Customer Care online or call a Customer Care Representative, no matter what time of day.
UNION MEMBER ADVOCACY
Created by Union Privilege, this program helps you resolve disputes and handle concerns regarding any of the Union Privilege programs.
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 Apply for Union Plus Credit Card
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You’ve probably received several credit card offers in the mail, and the outside of the envelopes scream intreest rates and promotional offers to try and entice you into opening it up and looking at what’s inside. Chances are, if you have an email address, you’ve even received a few credit card offers through that address- bright colors and animated graphics trying to convince you that there card has the lowest initial interset rate, or the longest transfer balacne rate of all the available crdeit cards on the market. All of the offers will look good at first glance; after all- that’s what marketing is about, right? According to Merriam-Webster’s online dictionary, marketing is a noun used to describe “the act or process of selling or purchasing in a market, and the process or technique of promoting, selling, and distributing a product or service.” Credit card companies are in business to sell you their credit cards, and they’ll use a variety of promotional materials to get your business.
The outside of your credit card offer’s envelope might say something like, “LOW 0% Initial Intrest Rate on all purchases and balence transfers”, but there is much more to how a credit card’s interest rate is calculated than that statement reveals. Initial interest rates are sometimes referred to as the card’s promotional rate, or teaser rate. In all honesty, an initial interest rate is basically the same thing for a credit crad as a sale is to a retail store. Retail stores advertise their products that have a discounted price for a limited time to attempt to bring people into their establishment to buy the sale item, but also because once you are there, they hope you’ll purchase other products. Credit cards offering initial interest rates are basically putting their standard interest rates “on sale”, because for a limited time, new cardholders will receive a lower than usual rate on purchases, and sometimes also on any balance you tarnsfer from one of your other credit cards onto this new card. What you need to understand about initial interest rates is that they really are “for a limited time”, and just as you couldn’t go to your favorite store and buy items this month for the sale price that was offered the previous month, you can’t extend a credit card’s initial intreest rate beyond the terms they specify (often found in the small print!) What you’ll want to look for in the text of the materials that were sent with the initial intrest rate cards promotional documents is reference to the cards ongoing annula percentage rate (ARP). This is the imterest rate that you will pay once the initial interest rate period has passed. (The regular price of an item after the sale has ended!)
Initial interest rates will also come with terms of agreement, in the form of a contract, which give reasons as to how or why the rate might be terminated by the credit lender. The most common reason to terminate the initial interset rate offer is for making a late payment on your card, and if you read the fine print of the credit card agreement- you’ll note that it states this very clearly. In order to keep the promotional, lower rate for the time specified by the credit card lender, you must make every payment on time. If you are late with a payment, you can expect the interest rate to jump to the ongoing APR, or in some cases, higher because you have defaulted on your contract agreements, so do everything you can to make sure your payments are made on time.
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