Making the right credit card choice

♪ RACHAEL: TODAY WE ARE DISCUSSING SOMETHING WE ALL HAVE IN OUR WALLETS, AND WHEN USED RESPONSIBLY, IT MAKES OUR LIVES A LOT EASIER HERE TO TALK ABOUT HOW THE RIGHT CREDIT CARD CAN MAKE ALL THE DIFFERENCE IS SCOTT FROM CONSUMERS UNION

IT IS HOLIDAY SEASON I THINK PEOPLE ARE THINKING A BOUT A LOT OF EXPENSES FOR THE SEASON SOME WILL GO ON A CREDIT CARD LET'S TALK ABOUT WHY WE USE THEM METEOROLOGIST: CREDIT CARDS — GUEST: CREDIT CARDS CERTAINLY MAKE LIFE EASY

WE KEEP IT SIMPLE WE JUST HAVE THREE DIFFERENT TYPE OF CREDIT CARDS WE OFFER OUR BASIC REWARDS CARD, WHICH IS GRE BECAUSE YOU GET REWARDS EVERY TIME YOU USE IT WE HAVE A LOW RATE CARD F6 C13 PEOPLE WHO KEEP A BALANCE ON YOUR CARD WE ALSO HAVE A BUSINESS CARD THAT IS GREAT FOR SMALL OR LARGE BUSINESSES, HER ONE-PERSON BUSINESSES OR 100 EMPLOYEES

RACHAEL: WE KNOW A LOT OF PEOPLE WILL GO FOR THOSE REWARDS THIS TIME OF YEAR BECAUSE THEY WILL PUT ALL THE PURCHASES ON THE CARD AND SAY I'M JUST GOING TO PAY IT OFF AT ONE TIME, BUT GET SOMETHING BACK GUEST: ABSOLUTELY IF YOU'RE LIKE MY FAMILY, WHEN IT GETS COLD OUTSIDE AND WANT TO GO SOMEPLACE WARM, I CAN BUY FLIGHTS DOWN TO SOMEPLACE WARM REWARDS MAKES IT VERY EASY EVERY TIME YOU USE YOUR CARD, YOU'RE GETTING REWARDS FOR IT

FOR THE REST OF THIS YEAR, ALL OF THE REWARDS ARE DOUBLE POINTS IF YOU HAVE A CARD WITH US NOW, GREAT GO USE IT AND GET DOUBLE REWARDS COME OR STOP IN ANY OF OUR OFFICEND GET A CARD WE GIVE POINTS EVERY TIME YOU SPEND A DOLLAR ON YOUR CARD, YOU GET A REWARD POINT TO SPEND ON PRODUCTS OR SVICES

IT JUST GIVES YOU NEXT A BONUS FOR WHAT YOU ALREADY DO ON YOUR CREDIT CARD YOU CAN USE IT TO BUY TICKETS OR HOTELS OR WHATEVER MAKE YOU HAPPY RACHAEL: LET'S GO TO THE OTHER CARD YOU OFFER, A BUSINESS CARD GUEST: IT IS REALLY GREAT IT WORKS FOR SMALL BUSINESSES, I YOU JUST WANT TO SEPARATE HIS EXPENSES

IT REALLY ALLOWS YOU TO MANAGE CASH FLOW WITH YOUR BUSINESS IF YOU HAVE A LARGER BUSINESS USING THE CARYOU CAN HAVE SUBACCOUNTS AND REALLY BE ABLE TO CONTROL THE EXPENSES OF YOUR EMPLOYEES AND BUSINESS THROUGH THAT CREDIT CARD RACHAEL: ONE OTHER CARD WE WANT TO TOUCH UPON, WHAT IS THAT? GUEST: THE LAST IS OUR RATE CARD IT JUST HAS A LOW RATE ON IT IF YOU DO NOT PAY OFF YOUR BALANCE AT THE END OF EVERY MONTH THAT CAR JUST HAS A LOW RATE ON IT

IT DOESN'T HAVE REWARDS, BUT IT HAS GREAT RATES GUEST: LET'S TALK ABOUT SOMETHING — RACHAEL: WAS TALK ABOUT SOMETHING YOU OFFER TO PEOPLE, A MOBILE WALLET WE MAY HAVE AN APP OR MANAGE OUR MONEY THROUGH A BUDGET OR OTHER THIS IS GREAT FOR THOSE ALREADY DOING SOMETHING LIKE THAT GUEST: OUR MOBILE WALLET IS SUPER SIMPLE TO USE IF YOU ARE LIKE ME, YOU USE YOUR PHONE TO COMMUNICATE, TALK, BY THINGS — BUY THINGS

YOU CAN USE APPLE PAY AND ALSO TO THOSE DIFFENT PRODUCT FOR YOU DON'T HAVE TO HAVE YOUR CREDIT CARD WITH YOU MY CARD IS ON MY PHONE I USE APPLE PAY I DON'T EVEN GET MY CART OUT I JUST TOLD MY PHONE NEAR THE READER AND IT PAYS FOR IT

BECAUSE WE HAVE A GREAT MOBILE PROGRAM, YOU CAN SEE THOSE PURCHASES YOU GET A NOTIFICATION YOU MADE THAT PURCHASE IT REALLY HELPED TO ORGANIZE YOUR FINANCES AND MAKE LIFE REALLY SIMPLE FOR YOU RACHAEL: YOU ARE GROWING AT CONSUMERS CREDIT UNION IN LOCATIONS YOU HAVE SOME BEAUTIFUL OFFICES YOU HAVE SET UP

STATE-OF-THE-ART WHAT HAS IMPRESSED ME WAS WORKING WITH YOU IS HOW WILLING THE PEOPLE THAT WORK IN THOSE OFFICES ARE TO SIT DOWN WITH ME, WITH ANYBODY, AND SAY WHAT ARE YOUR GOALS? IF YOU'RE LOOKING TO MEET A BUDGET, HOW DO YOU DO THAT? HOW YOU MANAGE YOUR MONEY BEST? I THINK A LOT OF TIMES WE DON'T LEARN HOW TO MANAGE OUR MONEY IN SCHOOL THAT IS SOMETHING WE NEED TO TEACH OURSELVES OR SOMEONE NEEDS TO TEACH US IT IS SO HELPFUL TO HAVE THAT GUEST: IT IS NICE TO HAVE IT

WE HAVE A GREAT PROGRAM TO HELP EDUCATE PEOPLE THAT IS ONE OF OUR MISSIONS AT CONSUMERS CREDIT UNION, IS OUR CREDIT SMART PROGRAM WE HAVE LOTS OF YOUNG ADULTS OR PARENTS WITH YOUNG ADULT CHILDREN THAT SAY I DON'T HAVE ANY CREDIT, I DON'T HAVE A COSIGNER HOW DO I GET CREDIT IF I DON'T HAVE READ IT — HAVE CREDIT? IT IS A CLASSIC CATCH-22 THE PROGRAM IS DESIGNED TO TEACH PEOPLE HOW TO USE AND DEVELOP CREDIT

YOU CAN GO IN SIX MONTHS FROM DAMAGED OR NO CREDIT TO REPAIRING THAT, GETTING A SAVINGS ACCOUNT, GETTING A CREDIT CARD WITH CONSUMERS CREDIT UNION IT IS HANDS-ON WE TALKED TO YOU ABOUT ONCE A MONTH TO EXTRA THINGS ARE GOING TO WRITE WAY WE REALLY HELP YOU UNDERSTAND HOW TO USE A CREDIT CARD AND USES THE RIGHT WAY, IF IT IS YOUR FIRST TIME OR IF YOU HAD A MISTAKE BEFORE AND WHAT TO DO IT THE RIGHT WAY RACHAEL: WE CAN FIND OUT MORE ABOUT THE CREDIT CARDS WE TALKED ABOUT, SETTING UP MEETINGS TO GET YOU WHERE YOU NEED TO BE WITH YOUR MONEY, BECOMING A MEMBER, ALSO THE THINGS

YOU ARE ALL OVER THE STATE GUEST: WE HAVE 19 LOCATIONS AND GROWING WE HAVE A NEW ONE COMING IN BRITAIN VILLAGE VERY SHORTLY IF YOU WANT PERSONAL HELP , STOP IN AND SEE WHAT OUR SMILING FACE IF YOU ARE READY TO GO, JUST USE YOUR PHONE AND GET A CREDIT CARD THAT WAY AS WELL RACHAEL: IT HAS BEEN HELD TO TALK WITH YOU

WE ARE HEADING INTO THE HOLIDAY SEASON AND NEW YEAR MAYBE YOU WANT TO SET I FINANCIAL GOAL THIS IS A GREAT PLACE TO START GUEST: ABSOLUTELY MAYBE WHEN YOU GET INTO NEXT YEAR AND YOU LOOK AT YOUR BALANCES AND SAY THIS IS NO GOOD , WE WILL DEFINITELY HAVE A LOW INTEREST OFFER ON JANUARY 1 IF YOU WANT TO MOVE THOSE INTO ONE PAYMENT AT A LOW INTEREST RATE

WE WILL BE THERE TO HELP THAT RACHAEL: THANK YOU FOR BEING HERE WE APPRECIATE THAT WE WILL BE BACK WITH MORE