Southwest CU credit cards offer some of the best deals in the country. “Don’t Mess with Texas” or the whole Southwest for that matter, as they are all straight shooters when it comes to credit cards.
Of note is Tinker Federal Credit Union offering two rate and fee choices as well as complete and full disclosure of the exact FICO credit score needed to qualify for one of five rates offered. Security Service Federal Credit Union offers a no annual fee with generous cash back with rates from less than 14%.
Credit Union Card Edge
The four states in the Southwest credit card market include Texas, Arizona, Oklahoma, and New Mexico with a total population of 39 million.
Unlike the humungous national credit card issuers offering an overwhelming number of card choices, the Southwest credit unions generally offer consumer credit cards like gas pumps: in three octane levels, says Robert McKinley, Senior Analyst for CardTrak, CardFlash and CardData.
Texas Credit Unions
Security Service Federal Credit Union, based in San Antonio with about 800,000 members, offers four personal credit cards and three business credit cards. The most popular personal credit card is Security Service Power Cash Back World Mastercard.
The Security Service Power Cash Back World Mastercard earns
unlimited 1.5% cash back on every purchase. Cardholders receive a$100 bonus after spending $500 within 90 days of account opening. The card also offers a special fixed 8.90% to 9.90% APR for the life of balance transfers, subject to a 2% transfer, capped at $200. The card also offers free photo personalization.
The Power Cash Back World Mastercard carries a no annual fee. The variable interest rate is prime-based and risk-based, currently ranging from 13.70% to 18.00%.
Security Service Federal Credit Union also offers:
Security Service Federal Credit Union is the largest credit union in Texas and the 7th largest in the United States with assets of nearly $10 billion.
Arizona Credit Unions
Phoenix-based Desert Financial Credit Union, with about 350,000 members, offers five personal credit cards and four business credit cards. The most popular personal credit card is the Desert Financial Visa Platinum Credit Card.
The Desert Financial Visa Platinum Credit Card is a non-rewards “bare bones” credit card offering an introductory 0.00% APR for the first 15 billing cycles on purchases and balance transfers. However, a balance transfer fee applies of 3% of each transfer amount with a $5 minimum.
The Desert Financial Visa Platinum Credit Card carries a no annual fee. The variable interest rate is prime-based and risk-based, currently ranging from 11.99% to 17.99%.
Desert Financial Credit Union also offers:
Desert Federal Credit Union is the largest credit union in Arizona with nearly $5 billion in assets. Credit cards are issued through Elan Financial Services. Elan Financial Services is a subsidiary of U.S. Bank.
Oklahoma Credit Unions
Tinker Federal Credit Union, based at the Tinker Air Force Base, has nearly 400,000 members and offers three personal credit cards and no business credit cards. The most popular personal credit card is the TFCU Visa Classic Credit Card.
The TFCU Visa Classic Credit Card offers the option to choose a low APR with a small annual fee, or a slightly higher APR with no annual fee. Cardholders can choose either a $25 annual fee with an APR between 10.40% and 16.40% or with no annual fee with an APR between 11.00% and 17.00%.
The TFCU Visa Classic Credit Card also offers a 3.99% fixed APR on purchases for six months from the date of account opening. Cardholders also earn one reward point for every dollar in purchases charged through CURewards.
There is no balance transfer fee or cash advance fee plus .a low 1% foreign transaction fee.
There are five interest rates based on credit score range: Rate 1 (740 and above) Rate 2 (700 to 739) Rate 3 (660 to 699) Rate 4 (625 to 659) Rate 5 (0 to 624). The Rate 1 is 10.40% with an annual fee or 11.00% with no annual fee. The Rate 5 is 16.40% with an annual fee or 17.00% with no annual fee.
Tinker Federal Credit Union also offers:
Tinker Federal Credit Union is the largest credit union in Oklahoma with assets of $4 billion.
New Mexico Credit Unions
Albuquerque-based Nusenda Credit Union has well over 200,000 members and offers three personal credit cards and one business credit cards. The credit union also offers University of New Mexico-themed versions of all three personal credit cards. The most popular personal credit card is the Nusenda Credit Union Visa Platinum credit card.
The Nusenda Credit Union Visa Platinum credit card offers interest rates as low as 11.25% and no annual or balance transfer fees. New cardholders also receive a 5% APR introductory rate for all purchases, balance transfers and cash advances for the first 18 months after card opening.
The Nusenda Credit Union Visa Platinum credit card carries a variable prime-based and risk-based interest rate, currently ranging at 11.25%, 13.25%, and 15.25%.
Nusenda Credit Union also offers:
Nusenda Credit Union is the second largest credit union in New Mexico with assets about $2.5 billion in assets.