If you want to apply for a new credit card so that you can have another line of credit, getting a card through a credit union may be to your advantage. Credit union credit cards sometimes come with additional perks that can often make this type of card better than a conventional credit card. Here are some of the perks that you can enjoy with a credit union credit card.

A Lower Interest Rate

Credit unions are member-owned non-profit organizations and often give members credit cards with lower interest rates. This means that if you carry a balance on your card, you won't be charged as much of a finance fee when making payments. The maximum interest rate on cards that are issued by federal credit unions is 18 percent, which is still lower than what many other financial institutions charge. You may even be able to get a credit union credit card with an interest rate that is below 10 percent. 

Possibly No Annual Fee

Credit unions are less likely to charge annual fees on their credit cards, which can also save you money. People often forget about their annual fees on their credit cards, and this can result in an unwanted surprise when the annual fee is due and the credit card is charged the amount. If you expect to carry a high balance on your credit union credit card, you won't have to worry as much about going over your credit limit if no annual fee is charged.

More Personable Customer Service

Since credit unions consist of members and are managed by their members, you will likely get better customer service than you would if you got your credit card through a bank or another conventional financial institution. Only exclusive members can belong to credit unions, and this can get you faster and friendlier customer service because of the limited number of members. You probably won't be treated like a number or won't have to endure long wait times to speak to a customer service representative when you have a credit union credit card.

Possible Rewards

Your credit union may offer you rewards for using your card, and this can amount to big savings on certain luxury items. Not all credit unions have rewards programs, but you can look for one that gives you rewards for charging certain amounts on your card. Some of these rewards may include:

• Cashback bonuses
• Gift cards
• Store discounts
• Restaurant meal discounts
• Discounts on flights, hotels and other vacation bookings

A credit union that offers credit union credit card services can offer you a card that comes with all (or at least some) of these perks. If you're looking for a credit card that comes with lower fees, excellent customer service and possible rewards, a credit union credit card may be your best choice.

To learn more, contact a resource that offers credit union credit cards.