Understanding the benefits of both debit and credit options can help you make informed financial decisions that are in sync with your lifestyle and financial goals.
Debit Card Benefits:
Immediate Fund Access
- Directly linked to your checking account, debit cards provide instant access to your funds, making it easy to manage your spending and avoid debt.
Spending Control
- By using only the money available in your account, debit cards help maintain discipline in spending, ensuring you live within your means.
Simplicity and Convenience
- Ideal for those who prefer straightforward transactions without the need to worry about monthly payments or interest charges.
Security Features
- Similar to credit cards, many debit cards offer fraud protection and zero-liability policies for unauthorized transactions.
Did You Know?
You can manage your Members First debit card by navigating to My Cards on Internet Banking and our Mobile Banking app. With My Cards, you can turn your card on/off at your discretion, activate cards with ease, keep track of spending at a glance, report lost/stolen cards, set spending limits, create travel plan notifications, and more.
Cashless Transactions
- Widely accepted for both online and in-store purchases, they offer the convenience of cashless transactions without the risk of accumulating debt.
Credit Card Benefits:
Credit Building
- Responsible use of credit cards can help build your credit history, a key factor in many financial decisions like loans, mortgages, and even rental agreements.
Rewards and Perks
- Credit cards can offer rewards such as points, cash back, or travel miles, adding value to your spending.
Did You Know?
All Members First credit cards earn 1 point for every $1 spent on purchases which can be redeemed to pay for purchases at Walmart, CVS, Walgreens, and online at millions of PayPal merchants globally. You can also use your rewards to pay for fuel purchases at the pump at participating gas stations or choose to redeem your points for statement credits, cash back, charity, travel, merchandise, and so much more.
Purchase Protection
- Benefits like purchase protection, extended warranties, and travel insurance offer additional security and peace of mind.
Fraud Protection
- Strong security measures and zero-liability policies ensure you are protected from fraudulent charges.
Did You Know?
You can manage your Members First credit card by navigating to My Cards on Internet Banking and our Mobile Banking app. With My Cards, you can turn your card on/off at your discretion, activate new cards, keep track of spending, report lost/stolen cards, set spending limits, create travel plan notifications, and more.
Financial Flexibility
- Credit cards allow you to manage cash flow by spreading out payments over time, as long as you pay off the balance each month to avoid interest.
By choosing the right mix of debit and credit options, you can enjoy the best of both worlds, balancing financial security, convenience, and rewards. Whether you aim to simplify your transactions or leverage credit for long-term benefits, understanding these options will empower you to manage your finances and meet your financial dreams and goals.
We'll Lend A Helping Hand
If you have any questions or would like to learn more about our debit card or credit card programs, speak with a Members First Representative. Give us a call at (850) 434-2211 or stop by one of our branch locations.
APR = Annual Percentage Rate. All loans are subject to credit approval. Rates and terms are based on individual credit worthiness. Terms and conditions apply. NCUA Insured.
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