Low Rate Card for Money Management

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Holiday Shopping

Our low rate credit card is the gift that keeps on giving!



HolidayCC1During the holidays, I spend a lot more money on shopping than in a usual month. I always do my best to pay off my credit card balance each month, but November and December make it tough to budget accurately. With all the extra spending, I can carry a balance for part of the year. So I really need to pay attention to my credit card’s annual percentage rate. If I don’t plan right, my holiday spending can be more expensive than it has to be.

I have three credit cards in my wallet, and I use each for a different purpose. Around the holidays, the credit card with the lowest rate is my go-to card—that’s my Cedar Point Mastercard. It has a fixed rate of 7.00% APR, and I can transfer my balances from other cards to my Cedar Point card without a fee. My next lowest rate credit card has a 14.95% variable rate. The rate can change on that card, but the rate on my Cedar Point card doesn’t change when the prime rate changes. I know I’m going to carry a balance during the holidays, and the interest charged will be much lower on my Cedar Point Mastercard than on either of the big-bank credit cards I have in my wallet.

Then, of course, my New Year’s resolution will be to save money and pay down my cards! So for me, the low rate credit card is perfect at the holidays because it means I can pay down the interest faster.

Start shopping with our card today by applying online or stopping in to see a Member Service Representative at any of our branches. See which card is right for you and apply below.

The money-saving perks:

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

Which card is right for you?







APR for Purchases 7.00% 8.00% 9.90 - 11.90*%
APR for Cash advances 7.00%


9.90 - 11.90*%

Annual Fee




Balance Transfer Fee




Credit Limit

Up to $25,000

Up to $15,000

Up to $5,000


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



*When you open your account, based on creditworthiness.

Rates are fixed. Rate information is accurate as of November 1, 2021.
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

What's a Credit Card Balance Transfer?HolidayCC2

A balance transfer is simple. You apply for a new card with a lower interest rate than your current card. Then, you request to transfer your balance from that card to the new one. Essentially, you're moving credit card debt from one credit card to another to save money on interest. Do you carry balances on multiple credit cards? You can transfer multiple balances to a Cedar Point credit card for a simpler monthly payment.

When you transfer your balances to a Cedar Point credit card, you can consolidate your debt while also accessing a lower, fixed rate. Lower rates can potentially help you save money on your monthly payments and pay off your debt sooner.    

Here's an example of what your monthly interest savings might look like if you transfer your balances to Cedar Point. In the scenario below, your monthly payment would be reduced by $18.  Over time, those savings really add up.

   Balance Transfer Card Chart

*APR = Annual Percentage Rate

**Weighted Average

Do the Math

HolidayCC3If you carry a balance, with an APR of 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 $1,000 balance.

If your minimum payment is $25 on your $1,000 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.

You get the idea. With a lower rate like 7%, you are paying more toward the principal to help you decrease your debt faster.

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