Patelco Credit

Starting in 1936 as an employee credit union for the Pacific Telephone & Telegraph Company, Patelco Credit Union began with around $500 in assets and a few members.
 

   
Now, it has 40 branches nationwide, 28,000 ATMs, and 6,000 shared centers ready to serve more than 290,000 members who come from 1,000+ businesses in the US, primarily in California. With an asset of over $3.7 billion dollars, it has risen to be one of the largest credit unions in the country.

Members of Patelco Credit Union enjoy a wide range of financial benefits. Being member-owned, Patelco offers them a cheaper alternative for their financial needs. For personal banking needs, Patelco Credit Union offers saving accounts, money market accounts, CDs, checking accounts, and a variety of IRAs. It also offers mortgage loans, home equity loans, car loans, personal loans, and credit card services. Members can also take advantage of its investment and insurance services that come with free consultations.

For credit card options, Patelco Credit Union offers four credit cards: the Visa Gold, the Visa Classic, the Student Visa, and the Patelco MasterCard. Every Patelco credit card comes with zero annual fee, zero over-the-limit fee, and a zero penalty fee. Each also has a minimum monthly fee of 2% of the balance or $24 and the same rate for purchases and balance transfers.

The Visa Classic and the Student Visa cards both come with a 13.15% to 16.15% APR. The Visa Classic has a limit that ranges from $300 to $5,000, depending on the cardholder. It was designed for first-time cardholders or those that have a limited credit history. The Student Visa, on the other hand, is great for university students with its credit limit ranging from $300 to $1,000.

The Visa Gold is the Patelco credit card for those who are after rewards. It has an APR of 9.15% to 13.15% for purchases and balance transfers and the eligibility to enroll in Patelco’s rewards program. Although it comes with a $25 annual fee, this Patelco credit card offers the cardholder 1 point for every dollar spent on it. With a minimum of 5,000 points, gift cards, electronic items, travel rewards, and more can be redeemed. It also comes with a limit of $5,000 to $25,000. Being a rewards card, this Patelco credit card may require a good credit rating for higher chances of approval.

With guaranteed 1% cash back for every purchase, the Patelco MasterCard is the Patelco credit card for those who prefer cash rebates. It has an APR of 8.15% to 12.15% for purchases and balance transfers and a limit that ranges from $300 to $25,000. This Patelco credit card requires a good credit rating for approval.

Source: Credit Cards For People With Bad Credit Rating

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