sascu Credit Card
this credit union credit card at 19.9% APR with no annual fee, 1% cash back, Cardwise controls and instant mobile card.
Your Banking Options Compared: Credit Card
- this credit union's standard credit card has no annual fee and a 19.9% purchase APR.
- Intro rate of 12.9% applies to first-year balance transfers.
- Earn 1% cash back on every purchase, paid monthly to your cash back.
- Freeze, limits, and instant alerts are built in through Cardwise.
The Card at a Glance
No annual fee, 19.9% APR, 1% cashback, and contactless + mobile wallet support.
The the platform credit card is a simple cashback card: earn 1% on every purchase, no category juggling, no caps. Because it is a credit union card, approval considers your whole relationship, not just credit score.
The card is fully mobile-first: add it to Apple Pay or Google Pay from the app, and freeze it instantly with Cardwise. Card replacement is free for the first card each year.
| Feature | Detail | Notes |
|---|---|---|
| Annual fee | $0 | Never |
| Purchase APR | 19.9% | Standard rate |
| Intro balance transfer | 12.9% | First year |
| Cash back | 1% | All purchases |
| Freeze / limits | Cardwise | Built into the app |
How Cashback Works
Every $1 of spend earns 1 cent, credited monthly as a statement credit.
Cashback is calculated monthly, capped nowhere, and shows up as a statement credit or a deposit to your savings account. For grocery stores and restaurant spending there are occasional partner offers that add bonuses.
Members who pair the card with a chequing account are eligible for the monthly 'bill-pay bonus', which credits an extra 0.5% on 3 chosen payees each month.
Approval and Eligibility
Canadian residents over 18 with a full-time income can apply; approval usually arrives in 5-10 minutes.
Apply from the this credit union website or in the app. Decisions are instant for existing members; the card ships in 5-7 business days and a digital card available instantly after approval.
If you are a member with a our team chequing, the approval is usually the easiest of your banking relationships to keep credit utilization healthy.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- APR: 19.9%.
- Annual fee: $0.
- Cash back: 1%.
This card pricing does NOT apply to member business credit cards, which carry volume-based fees. We launched with a $25 annual fee; the card team killed it after the first renewal survey showed it cost us more in attrition.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
The credit card has no fee and I never think about the billing cycle.
Deposit insurance at a credit union answered our board's main question on day one.