If you have a Servus Credit Union MasterCard, your rate just went from 12.26% to 25.99% effective July 1st! Bet you didn’t know – bet you didn’t read the section on your statement!

Run – don’t walk – away. And do it TODAY if you ever even have the smallest possibility of not paying your balance in full every month. Not if you hope to always pay it off (hope isn’t a financial strategy). Not if you’ll try to (trying is lying) and not if that’s now clearly needing to be your goal (a goal isn’t a financial strategy).

Read the credit scoring chapter to see why, but if you need to replace this card, FIRST apply for a low-rate card BEFORE you cancel and return the Servus MasterCard. It will protect your credit rating in multiple ways if you do it in that order!

Right now, there are more than a dozen low rate cards on the market. Yes, most of them have also increased their rate – but by a percent – not by almost 14%!!