- Late payment penalties
- No free credit scores
- Undisclosed fraud safeguards
- No introductory APRs
Late Payment Penalties
When payments are made late on credit card accounts, a penalty fee is often incurred. Some companies charge late payment fees as low as $5, but Associated Credit Union charges a fee of up to $35.
No Free Credit Scores
Several credit card providers have formed partnerships with credit monitoring companies to provide their cardholders with monthly credit scores and reports. This service is beneficial because it allows customers to stay on top of their credit and watch for fraudulent activity that may not have been caught by the company. Unfortunately, Associated Credit Union does not offer free credit score tracking.
Undisclosed Fraud Safeguards
Credit unions typically have some type of security measure in place to protect members from fraud and theft. Such measures might include zero liability guarantees, emergency card replacement, account freezes, emergency call centers, suspicious activity scans, and fraudulent activity notifications. Associated Credit Union has not disclosed whether or not it provides any fraud safeguards on its corporate website.
No Introductory APRs
Oftentimes, credit card providers offer a low introductory APR on new purchases and balance transfers for a certain amount of time. This is often helpful for individuals who wish to make a card balance transfer to pay off debts during an introductory period with a nonexistent or low APR. Sadly, Associated Credit Union does not offer any introductory promotions.