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Low interest rates and good rewards programs: Here are the best credit union credit cards

Credit unions often offer competitive credit cards with better rates and fees than a typical bank. Here are the best credit cards from credit unions.

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The next time you’re looking for a new credit card, it's worth doing a little research into credit unions and their various offerings. You can often find low interest rates, money-saving 0% APR periods and even industry-leading cash-back rates.

Credit unions often offer better terms because the financial institutions reinvest the profits they make from interest and account fees back into the products they offer, whereas traditional banks give their profits to shareholders.

In order to open a credit union credit card, you’ll first need to meet membership eligibility requirements. The eligibility requirements differ across credit unions, but can include where you live or work or affiliation with certain groups, such as labor unions or schools.

Many of the best credit unions — and those mentioned below — will also allow you to join if you donate a small fee to a participating organization. In some cases, the credit union will even pay that fee on your behalf, making membership free.

Select analyzed and compared credit cards offered by credit unions that are good for earning rewards, completing balance transfers and more. (See our methodology for more information on how we choose the best credit union credit cards.)

Best credit union credit cards

Best for cash back

Alliant Cashback Visa® Signature Credit Card

Information about the Alliant Cashback Visa® Signature Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    2.5% cash back on qualifying purchases (up to $250 in cash back rewards per billing cycle)

  • Welcome bonus

    None

  • Annual fee

    $99, waived the first year

  • Intro APR

    None

  • Balance transfer fee

    3%

  • Regular APR

    12.24% to 22.24% variable

  • Foreign transaction fee

    None

  • Credit needed

    N/A

See our methodology, terms apply.

Pros

  • 2.5% cash back on all purchases (up to $250 in cash back rewards per billing cycle)
  • Annual fee is waived the first year
  • Simple cash-back program that doesn’t require activation or spending caps
  • No fee charged on purchases made outside the U.S.

Cons

  • $99 annual fee after the first year
  • No welcome bonus
  • No special financing offers
  • Estimated cash back earned after 1 year: $553
  • Estimated cash back earned after 5 years: $2,370

Who's this for? The Alliant Cashback Visa® Signature Credit Card offers an industry-leading 2.5% cash back on all purchases (up to $250 in cash back rewards per billing cycle). This is ideal for anyone looking for an easy-to-use cash-back card without the hassle of tracking bonus categories or activation.

This card doesn't have many bells and whistles, but there's no foreign transaction fees, which is uncommon with a cash-back card.

While this card has a strong cash-back program, it does come with a $99 annual fee (though it's waived the first year). It's not the highest when compared to other rewards cards, but you can find a range of cash-back cards with no annual fees, like the Citi® Double Cash Card.

How to join Alliant: The easiest way to become an Alliant Credit Union member is by supporting Alliant's partner charity, Foster Care to Success. However, you don't need to pay the charity directly since Alliant pays $5 on your behalf when you apply to join the credit union.

Other options include:

  • Employees and retirees of select organizations
  • Relatives of existing Alliant members
  • Members of select organizations
  • Live or work in a qualifying community in Illinois

Best for rewards

PenFed Platinum Rewards Visa Signature® Card

On PenFed's secure site
  • Rewards

    5X points on gas purchases at the pump and electrical vehicle charging stations, 3X points on supermarket purchases, 1X point on all other purchases

  • Welcome bonus

    15,000 points when you spend $1,500 in the first 3 months from account opening

  • Annual fee

    $0

  • Promo APR

    0% promotional balance transfer rate for 12 months on transfers made from now until March 31, 2022*

  • Regular APR

    13.49% to 17.99% variable on purchases; 17.99% non-variable on balance transfers

  • Balance transfer fee

    3%

  • Foreign transaction fee

    None

  • Credit needed

    Good/Excellent

See our methodology, terms apply.

Pros

  • High 5X points on gas at the pump and 3X on supermarket purchases
  • No bonus category activations
  • Good special financing offer on balance transfers

Cons

  • 3% balance transfer fee
  • Estimated rewards earned after 1 year: $513
  • Estimated rewards earned after 5 years: $2,167

Rewards totals incorporate the points earned from the welcome bonus.

*After the promotional balance transfer period, the APR for the unpaid balance and any new balance transfers will be 17.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.

Who's this for? If you frequently commute to work with your car or spend the weekends making day trips, the PenFed Platinum Rewards Visa Signature® Card can help you maximize rewards when refueling your car. This card offers a high 5X points for gas purchases at the pump, which is why it ranks as our best gas rewards card.

In addition to a great rewards rate on gas, you can earn 3X on supermarket purchases and 1X on all other purchases. Plus you can benefit from no annual fee and no foreign transaction fees.

How to join PenFed: Military affiliation is no longer required to have a PenFed membership. You can become a member by opening a PenFed savings/share account with a $5 deposit and maintaining a $5 account balance in order to keep your PenFed membership active.

Best for balance transfers

Choice Rewards World Mastercard® from First Tech® Federal Credit Union

Information about the Choice Rewards World Mastercard® from First Tech® Federal Credit Union has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    Earn 2X points on groceries, gas, electronics, medical, household goods and telecommunications, 1X points on all other purchases

  • Welcome bonus

    Earn 20,000 points when you spend $3,000 in the first two months from account opening

  • Annual fee

    $0

  • Intro APR

    0% for the first 12 billing cycles on balance transfers processed within 90 days of account opening date

  • Regular APR

    8.25% to 18.00% variable

  • Balance transfer fee

    None

  • Foreign transaction fee

    None

  • Credit needed

    N/A

See our methodology, terms apply.

Pros

  • No annual fee
  • Good rewards program for everyday purchases
  • 8.25% to 18.00% variable APR
  • 0% APR for the first 12 billing cycles on balance transfers
  • No balance transfer fee
  • No fee charged on purchases made outside the U.S.

Cons

  • Balance must be transferred within 90 days of account opening date
  • Estimated rewards earned after 1 year: $344
  • Estimated rewards earned after 5 years: $1,720

Rewards totals incorporate the points earned from the welcome bonus

Who's this for? The Choice Rewards World Mastercard® from First Tech® Federal Credit Union is a well-rounded card that has no annual fee, no foreign transaction fees, a great balance transfer offer and a robust rewards program.

New card members can repay debt with no interest charges for a year (then 8.25% to 18.00% variable) and there's $0 balance transfer fee, saving you the typical 3% to 5% fee other balance transfer cards often charge.

The rewards program is geared toward everyday expenses, such as groceries and gas: earn 2X points on groceries, gas, electronics, medical, household goods and telecommunications, and 1X points on all other purchases. Plus, there's a welcome bonus of 20,000 points when you spend $3,000 in your first two months from account opening.

How to join First Tech: The easiest way to become a First Tech member is to join the Community History Museum (CHM) or Financial Fitness Association (FFA). The first year's membership fee for the CHM or FFA is paid by First Tech, and you can cancel the membership after opening an account with no impact on your First Tech membership.

Other ways to become a member include:

  • Employee or retiree of partner company or the State of Oregon
  • Work or live in Lane County, Oregon
  • Student at Cogswell Poly Technical College
  • Family or household relationship with a current member
  • Member of a partner club or association

Best for military members

Visa Signature® Flagship Rewards Credit Card from Navy Federal Credit Union

Information about the Visa Signature® Flagship Rewards Credit Card from Navy Federal Credit Union has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    Earn 3X points on travel and 2X points on everything else

  • Welcome bonus

    No current offer

  • Annual fee

    $49

  • Intro APR

    None

  • Regular APR

    9.99% to 18.00% variable

  • Balance transfer fee

    None

  • Foreign transaction fee

    None

  • Credit needed

    N/A

See our methodology, terms apply.

Pros

  • Competitive rewards program for travel and everyday purchases
  • Global Entry or TSA PreCheck statement credit every 4 years
  • Low 9.99% to 18.00% variable APR
  • No fee charged on purchases made outside the U.S.

Cons

  • $49 annual fee
  • No special financing period or welcome bonus
  • Estimated rewards earned after 1 year: $416
  • Estimated rewards earned after 5 years: $2,080

Who's this for? The Visa Signature® Flagship Rewards Credit Card from Navy Federal Credit Union is a strong offering for those with military affiliation. Cardholders enjoy a complimentary year of Amazon Prime, a reasonable 9.99% to 18.00% variable APR and great travel perks.

The card also offers account holders a credit worth up to $100 for Global Entry or TSA PreCheck applications every four years, plus no foreign transaction fees. Additionally, you can earn 3X points on travel and an above-average 2X points on everything else.

This card does have a $49 annual fee, but that pales in comparison to other travel cards from major banks that charge upwards of $95 — especially cards with Global Entry or TSA PreCheck credit.

NFCU credit cards even received the highest overall satisfaction score in J.D. Power's 2019 Credit Card Satisfaction Study, excelling in terms, benefits, services and rewards.

How to join Navy Federal: Military affiliation is required to join Navy Federal Credit Union.

Eligibility options include:

  • Active duty members of the Army, Marine Corps, Navy, Air Force, Coast Guard, National Guard and Space Force
  • Members of the Delayed Entry Program (DEP)
  • Department of Defense (DoD) officer candidate/ROTC
  • Veterans, retirees and annuitants
  • DoD reservists, civilian employees, civilian retirees and annuitants
  • U.S. Government employees and DoD contractors assigned to DoD installations
  • Family and household members of the groups above

Best credit union credit cards

Category Cash back Rewards Balance transfer Military members
Credit card
Alliant Cashback Visa® Signature Credit Card
PenFed Platinum Rewards Visa Signature® Card
Choice Rewards World Mastercard® from First Tech® Federal Credit Union
Visa Signature® Flagship Rewards Credit Card from Navy Federal Credit Union
See below for our methodologyLearn MoreInformation about the Alliant Cashback Visa® Signature Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.Learn MoreOn PenFed's secure siteLearn MoreInformation about the Choice Rewards World Mastercard® from First Tech® Federal Credit Union has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.Learn MoreInformation about the Visa Signature® Flagship Rewards Credit Card from Navy Federal Credit Union has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Our methodology

To determine which credit unions provide the best credit cards, Select analyzed the largest U.S. credit unions, according to data from DepositAccounts. We narrowed down our rankings by only considering credit unions that include the following features:

  • Easy to join
  • Available nationwide
  • Offer online and mobile banking
  • Ease of use and account accessibility
  • Customer reviews, when available

Next, we compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.

Select teamed up with location intelligence firm Esri. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here.

Esri's data team created a sample annual budget of approximately $22,126 in retail spending. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee.

While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.