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Interest Rate Break

Improved Credit Scores May Give You a Break on Your Interest Rate

O Bee members who work to improve credit scores may be rewarded with a lower interest rate on their credit card at O Bee.

To recognize members making gains towards improving credit scores, we periodically look at credit history with an eye toward lowering their credit card annual percentage rate (APR).

When you pay your bills on time, pay off past debt, and keep a low balance on your credit card, you may earn a lower interest rate on your O Bee credit card (unless you're already getting our lowest rate). All these efforts are things that contribute to an improved credit score, and we take notice. 

We Succeed When You Succeed
As a member-owned cooperative, we exist to serve our members. We succeed when you succeed. We will aim to do all we can to help you along the way. What is your part? Continue to work towards healthy financial habits. If you have a qualifying credit card and meet our requirements, we'll lower your annual percentage rate (APR) automatically and send you a notification.
 
Understanding Your Credit Score
Your credit score is a 3-digit number that estimates how likely you are to pay back borrowed money and pay bills. Credit scores mean a lot. A good to excellent credit score (690 - 850) could save you hundreds of thousands of dollars over your lifetime. Credit scores are calculated from information about your credit accounts that are made available to credit reporting agencies. Securing low rates on mortgages, auto loans, and other financing largely depends on a good to excellent credit score. Building good credit is an essential step in your financial health. 

Learn more: Understanding Your Credit Score

Credit Cards

Our credit cards offer Rewards Points or Cash Back.

First Time Borrower

Looking for a first credit card or first auto loan? New borrowers have a choice of several options that will help you establish good credit.

Understanding Your Credit Score

Credit scores mean a lot. A good to excellent credit score could save you hundreds of thousands of dollars over your lifetime.