Understanding Credit Card Rates
Low-rate credit cards are great, especially for people new to using credit cards.
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Credit Card
as low as
11.25
%
APR
APR is the Annual Percentage Rate. As of 09/02/2023, the variable APR ranges from 11.24% to 18.00% and is based on your creditworthiness and market conditions related to the Prime Rate. There is no annual fee; however, late payment fees may reach $40. The foreign transaction fee is 1.00%, and a balance transfer fee of 3.00% of the total amount applies. A cash advance fee of 3.00% per transaction also applies, and interest on cash advances will be charged at your standard APR from the transaction date. All loans, including credit cards, are subject to credit approval, and additional restrictions may apply. Membership with Arkansas Federal Credit Union is required. Please refer to the Full Credit Card Account Agreement and Disclosures for complete details.
%
APR
Save with a great everyday low rate and $0 annual fee.
Save with a low rate and no annual fee.
Get one of the best everyday credit card rates available, as low as 11.25% APR APR is the Annual Percentage Rate. As of 09/02/2023, the variable APR ranges from 11.24% to 18.00% and is based on your creditworthiness and market conditions related to the Prime Rate. There is no annual fee; however, late payment fees may reach $40. The foreign transaction fee is 1.00%, and a balance transfer fee of 3.00% of the total amount applies. A cash advance fee of 3.00% per transaction also applies, and interest on cash advances will be charged at your standard APR from the transaction date. All loans, including credit cards, are subject to credit approval, and additional restrictions may apply. Membership with Arkansas Federal Credit Union is required. Please refer to the Full Credit Card Account Agreement and Disclosures for complete details.. Plus, there’s no annual fee and no over-limit fee.
Interest Rates & Fees Summary
| Interest Rate | Annual Fee | Balance Transfer Fee |
|---|---|---|
| as low as 11.25% APR APR is the Annual Percentage Rate. As of 09/02/2023, the variable APR ranges from 11.24% to 18.00% and is based on your creditworthiness and market conditions related to the Prime Rate. There is no annual fee; however, late payment fees may reach $40. The foreign transaction fee is 1.00%, and a balance transfer fee of 3.00% of the total amount applies. A cash advance fee of 3.00% per transaction also applies, and interest on cash advances will be charged at your standard APR from the transaction date. All loans, including credit cards, are subject to credit approval, and additional restrictions may apply. Membership with Arkansas Federal Credit Union is required. Please refer to the Full Credit Card Account Agreement and Disclosures for complete details. | $0 | 3%1 |
Benefits & Features
Tap to Pay (Contactless)
Pay in seconds with a tap of your card at a contactless-enabled terminal.
$0 Annual Fee
Delight in no annual fees or minimum finance charges. Hooray!
Digital Banking
Enjoy convenient, secure 24/7 access to your accounts right from your computer, tablet, or smartphone. Control your card 24/7, monitor your credit score with Credit IQ, pay bills, send secure messages, make digital payments, and so much more.
Everyday Low Rate
Enjoy a rate that’s consistently ranked as one of the lowest rates in the country.
Digital Wallet
Instead of carrying your card around, securely store it in your phone’s digital wallet for quick checkouts in-store or online.
$0 Fraud Liability
You won’t be held responsible for unauthorized charges made with your account or account information.Certain restrictions apply. See www.mastercard.us/zero-liability for details.
Authorized User
Share the convenience of your card with another authorized user. When you give them access to your account, they get their own personal card and can enjoy the same perks you do.
Identity Theft Resolution Services
Should you become the victim of Identity Theft, Mastercard will assist you with credit bureau notification and debit card replacement and provide you with an ID Theft Affidavit.Certain restrictions apply. For details, see the Guide to Benefits.
Go Cashless
When you add Apple Pay, Google Pay or Samsung Pay to your credit or debit card, you not only save time at checkout, your payments are safer. Click the logos below for information on how to get started.
Frequently Asked Questions
How does a low-rate credit card work?
Arkansas Federal’s Everyday Low-Rate Credit Card offers an everyday low rate that’s significantly lower than many national credit cards. If you don’t pay your full balance each month, the remaining amount will start to accumulate interest at a set rate, also known as the Annual Percentage Rate (APR). With a low-rate credit card, the interest you owe on your balance will grow at a slower pace than it would with a higher-rate card.
Are there any fees?
The low-rate credit card does not have an annual fee, but you may be charged a late fee if a payment is not made on time. A cash advance fee may also apply when using your credit card to withdraw cash.
Will applying hurt my credit score?
Opening a new account can cause a small temporary dip in your credit score, but maintaining good credit behaviors should help bring it back up. Using your credit card responsibly by making on-time payments, keeping your balance low relative to your credit limit, and avoiding opening too many accounts at once can have a positive impact on your credit score.
What credit score do I need to apply?
A minimum credit score of 660 is recommended when applying for Arkansas Federal’s Everyday Low-Rate Credit Card, but credit score is not the only factor we look at. Your income, employment status, credit history, and other financial liabilities will also play a part in whether or not you are approved.
Can I transfer balances to a low-rate credit card?
Yes, and you could save a significant amount of money by transferring to the Everyday Low-Rate Credit Card versus your current high-rate credit card. There is a 3% transaction fee.1
How do I apply?
You can apply in just a few minutes online, or in person by visiting your nearest branch.
