Benefits of a Credit Card

July 8, 2016 | Mission Fed

With a Mission Fed Credit Card, you can be confident that you have a card that benefits you, whether you’re staying in San Diego or headed out of town. With low rates, no annual fee on most card types and all of the advantages that come with a Mastercard, this will be your favorite card. Plus, using a Credit Card and making your payments on time helps to build your credit score. Check out our infographic below to see all the benefits of a Mission Fed Credit Card.

Some people are unaware of the benefits of Credit Cards, but used wisely, a Credit Card is an excellent tool. A Credit Card can help you make larger purchases, like a new laptop, or help in case of an emergency or unforeseen expense. It’s important to remember that your Credit Card is a loan, and you have to pay that money back, often with interest.

You can pay those large purchases back by making a series of payments over the course of several months, though you will have to pay interest on your purchase unless you’re enjoying an introductory period with no APR. With or without interest, if you make it a habit of reaching for your Credit Card without monitoring your spending, you may end up with Credit Card debt larger than you anticipated. However, if you keep track of each purchase on your Credit Card and pay it back in a timely manner, the benefit of a Credit Card is that it lets you stay on track and responsibly purchase necessities with ease while building your credit.

With your Mission Fed Credit Card, you can turn your smartphone or other device into a mobile wallet that allows you to make purchases at many stores and within apps without having to fuss with carrying your cards or cash. See all the benefits of Credit Cards using mobile payments and supported devices on our Mobile Wallet page.

Having a few Credit Cards and managing your debt sensibly helps you build your credit score in a few ways, which is one of the many benefits of a Credit Card:

  1. It shows lenders that you have access to borrow money.
  2. It helps you develop a history of making payments on time, which increases your score.
  3. It raises your credit-to-debt ratio (how much you can borrow vs. how much you owe), which accounts for up to 30% of your score.

The higher your score is, the more purchasing power you’ll have in the future when the time comes to start making large purchases like a new or used car or a home. Timely payments and responsible use of credit will give you the opportunity to enjoy all the benefits of Credit Cards.

Are you ready to apply for a Credit Card? Mission Fed offers Mastercard® Credit Cards! Our Classic Credit Card and Platinum Credit Card have low or no annual fees and offer Mission Federal Credit Union Mission Rewards in addition to other remarkable benefits.

What kinds of benefits are there?

  1. You can enroll your Mission Fed Platinum Credit Card and most Mission Fed Classic Credit Cards for Mission Rewards to start earning points that you can redeem for cash back, airline tickets, theater and sporting event tickets, retail stores and so much more.
  2. Your Mission Fed Credit Card has worldwide purchasing power and is good anywhere Mastercard is accepted.
  3. Make virtual payments using Apple Pay®, Android Pay™ or Samsung Pay®, plus Online Banking and Mobile Banking help you manage your accounts while on the go.
  4. You’ll also receive Mastercard perks like personal information monitoring with Mastercard ID Theft Alerts™, safe purchasing power with Mastercard SecureCode™, 24/7 customer service assistance with Mastercard Global Service™ and special experiences and surprises through Mastercard Priceless Surprises®.

With a Mission Fed Credit Card, you’ll be ready to navigate through life and enjoy the benefits of a Credit Card with more purchasing power, Mastercard perks and ease of mind for life’s surprises. Visit or your local Mission Fed Branch to apply for a Credit Card today!

Click the infographic below to view the enlarged version.


The content provided in this blog consists of the opinions and ideas of the author alone and should be used for informational purposes only. Mission Federal Credit Union disclaims any liability for decisions you make based on the information provided.

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