LMCU Member News

The benefits of a credit card without the interest rate of a credit card

Written by Lake Michigan Credit Union | Apr 1, 2020 12:00:00 PM

A home equity line of credit lets you borrow and spend money just like a credit card. But unlike a credit card, the interest rate is tied to the prime rate. With the prime rate at historically low levels you can access credit at a fraction of what most credit cards charge. Use the money for any immediate needs, or pay off high-interest debt.

Apply today at HomeEquity.LMCU.org.