Financial Wellness/Getting Started/Credit Scores Explained

December 26, 2023

Credit Scores Explained

A credit score is a 3-digit number that provides a snapshot of your financial habits. Credit scores usually range from 300 to 850. The higher the credit score the lower the risk to lenders. Your credit score is based on 5 important factors: payment history, credit utilization, credit history, credit mix, and how much new credit you have. A stronger credit score can provide you with a better chance of approval, higher credit limits, and lower interest rates.

To learn more, view the video here.

Compare Cards	People's CU Savings Secured	Local Bank One	Local Credit Union	Local Credit Union Two	National Bank One
Promotional APR for Purchases and Balance Transfers	0.00%	0.00%	0.00%	0.00%	0.00%
Lowest APR for Purchases	7.75%	29.74%	29.74%	20.40%	26.24%
Lowest APR for Balance Transfers	7.75%	29.74%	29.74%	20.40%	26.24%
Annual Fee	None	$25.00	None	$99.00	$12.00
	Apply Today

*Disclosures and Details:
Annual Percentage Rate (APR) are lowest and subject to change without notice. The advertised APR based on a credit score of 700 or higher. Other rates are available based on creditworthiness. APR (Annual Percentage Rate) for purchases, balance transfers, and cash advances- A fixed introductory rate of 0.00% will apply through your account's first twelve billing cycles. After that, your variable APR will be 7.75% (as of 11.08.24). This APR will vary with the market based on Wall Street Prime & creditworthiness.

Compare Cards	People's CU Rewards	Local Bank One	Local Credit Union	Local Credit Union Two	National Bank One
Promotional APR for Purchases and Balance Transfers	0.00%	0.00%	0.00%	0.00%	0.00%
Lowest APR for Purchases	16.99%	18.99% to 29.24%	18.99% to 29.24%	13.40%-21.00%	19.24%-29.24%
Lowest APR for Balance Transfers	16.99%	18.99% to 29.24%	18.99% to 29.24%	13.40%-21.00%	19.24%-29.24%
Annual Fee	None	None	None	None	None
	Apply Today

*Disclosures and Details:
Annual Percentage Rate (APR) are lowest and subject to change without notice. The advertised APR based on a credit score of 700 or higher. Other rates are available based on creditworthiness. APR (Annual Percentage Rate) for purchases, balance transfers, and cash advances- A fixed introductory rate of 0.00% will apply through your account's first twelve billing cycles. After that, your variable APR will be 16.99% - 18.00% (as of 11.08.2024). This APR will vary with the market based on Wall Street Prime & credit worthiness.

Compare Cards	People's CU Low-Rate	Local Bank One	Local Credit Union	Local Credit Union Two	National Bank One
Promotional APR for Purchases and Balance Transfers	0.00%	0.00%	0.00%	0.00%	0.00%
Lowest APR for Purchases	13.49%	18.24% to 29.24%	18.24% to 29.24%	13.40%-21.00%	16.24%-26.24%
Lowest APR for Balance Transfers	13.49%	18.24% to 29.24%	18.24% to 29.24%	13.40%-21.00%	16.24%-26.24%
Annual Fee	None	None	None	None	None
	Apply Today

*Disclosures and Details:
Annual Percentage Rate (APR) are lowest and subject to change without notice. The advertised APR based on a credit score of 700 or higher. Other rates are available based on creditworthiness. APR (Annual Percentage Rate) for purchases, balance transfers, and cash advances- A fixed introductory rate of 0.00% will apply through your account's first twelve billing cycles. After that, your variable APR will be 13.49% - 18.00% (as of 11.08.2024). This APR will vary with the market based on Wall Street Prime & credit worthiness.

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