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A Credit Card for Those "Oops" Moments

We've got you covered!

Overspending happens. But, with low, fixed rates, a credit card from Cedar Point could help you get back on track. Open a new card or transfer your balances today!

APPLY NOW

  

Credit card spending a little high last month? Maybe you've been doing more online shopping than usual? We've got you covered for all those "oops" moments. Open a new credit card today with Cedar Point to get back on track! Cedar Point consistently offers low, fixed rates on credit cards, empowering you to pay off your debt sooner and save money. Plus, if you decide to transfer your balances from other credit cards, you will not be charged a balance transfer fee! We have three Mastercards available. See the chart below to decide which card is right for you. 

The money-saving perks:APROops

  • SIMPLICITY: Turn multiple payments into one payment.
  • CONVENIENCE: Pay your balance in digital banking.
  • LOCK-IN A LOW RATE: Save on interest in the long run.
  • FIXED-RATE: There is no penalty rate or variable rate.
  • NO BALANCE TRANSFER FEE: You can concentrate on saving.
  • PAY IT DOWN: With a lower rate, you can pay down debt faster.

 

 Which card is right for you?
 Platinum

Gold

Classic
 

PlatinumReflect

GoldReflect

ClassicReflect
Apply Now PLATINUM GOLD CLASSIC 
APR for Purchases 7.00% 8.00% 9.90 - 11.90*%
APR for Cash advances 7.00%

8.00%

9.90 - 11.90*%

Annual Fee

$0

$0

$0

Balance Transfer Fee

None

None

None

Credit Limit

Up to $25,000

Up to $15,000

Up to $5,000

Fixed Rate

 x x x
Penalty Rate  None  None  None
Over the Credit Limit Penalty None None None
Foreign Transaction Fee

1% of each transaction in US dollars
Late Payment Penalty

$15.00. Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
Returned Payment Penalty

$20.00
 

*When you open your account, based on creditworthiness.

Rates are fixed. Rate information is accurate as of April 1, 2022.
All rates are subject to change. Rate information is as accurate as possible, however, please contact the credit union to verify current rates or if you would like a disclosure mailed to you.
 

Read the Mastercard  Account Agreement

Read the Mastercard Billing Notice
 

Get helpful tips from the Consumer Financial Protection Bureau

 

Balance Transfer Opportunity

A balance transfer is a way to move credit card debt from one credit card to another to save money on interest. When you transfer your balance(s) to a Cedar Point credit card, you can consolidate your debt, while also accessing a lower, fixed rate. Lower rates can help you save money on your monthly payments and help you pay off your debt sooner. Plus, there is no balance transfer fee.

Here's an example of what your monthly interest savings might look like if you transfer your balances to Cedar Point.

 

 Before a Balance TransferAfter

CARD

Citi

Kohl's

Capital One

 Total Cedar Point

BALANCE

$1500

$1000

 $1000  $3500  $3500 

APR*

15.49%

21.90%

 15.74% 17.39%** 7.00%
MONTHLY PAYMENT $36 $28 $24 $88 $70

 In the scenario above, your monthly payment would be reduced by $18. And you'd be saving over $30 on interest alone. Over time, those savings really add up.

BalanceTransferChart

 *APR = Annual Percentage Rate

**Weighted Average

Do the Math

If you carry a balance, with an APR between 15 – 20%, almost half of every minimum payment made is consumed by interest charges. With over 20% APR, that becomes nearly two-thirds of your minimum payment. The example below reflects a $1000 balance.

If your minimum payment is $25 on your $1000 balance:

  • At 15% APR, you will pay $12.50 of the $25.00 in interest alone. Exactly half of your minimum payment is committed to paying off accrued interest.
  • At 20% APR, you will pay $16.67 of the $25.00 in interest. Here, you'll only be paying down $8.33 of principal.
  • At 22% APR (which is a common APR for many reward credit cards), you'll be paying $18.33 in interest charges.

With a rate as low as 7% from Cedar Point, you would be paying more toward the principal to help you decrease your debt faster.

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