Annual fees vary depending on the credit card type. They are separate charges from any balance transfer fees. The annual fee is typically charged once per year, either at the beginning of the calendar year or on the anniversary date when your card was first opened.

Yes, annual fees are separate from any interest payments made on your account balance. The annual fee will be charged to your account whether or not you carry an outstanding balance or other purchases on your card. Credit card companies are required to fully disclose all fees when you apply.

Along with low-rate annual fee cards, you can also consider no-annual-fee options. The choice of whether to get a fee card depends on whether the rewards program and benefits outweigh the cost for you. Some annual fee cards waive the charge for the first year so you can evaluate if the rewards justify the fee before deciding to keep the card.

Compare EXCEL Visa® card options to choose the right benefits and rewards:

• Platinum Visa® - No annual fee, auto rental insurance, Competitive rate
• Gold Visa® - No annual fee, auto rental insurance, Competitive rate
• Classic Visa® - $25 annual fee, price protection, Competitive rate
• New Start Visa® - $50 annual fee, travel/merchandise points, Competitive rate

Consider your spending, travel, preferred benefits, and credit history to select the best card. EXCEL FCU can advise on benefits, balance transfers, fees, and more to find the ideal card.

Yes, many credit unions do offer them. EXCEL FCU offers a range of Visa® cards you can explore to find the right fit for your credit line.

Credit unions do not raise your credit score directly, but they can offer cards and programs that help you with account opening, navigating balance transfers, paying off debt, and more.

The key difference between a credit union and a bank is that banks are for-profit institutions with shareholders, while credit unions are member-owned nonprofit financial institutions.