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Find better credit card rates
Pro: Credit unions offer lower interest rates.
McBride says credit unions traditionally pass on the savings from their not-for-profit status through their entire product line, offering customers higher rates on savings accounts and lower rates on loans and credit cards.
"If you have a balance on your credit card and you're looking to transfer for a lower interest rate, credit unions offer very competitive rates," McBride says.
RATE SEARCH: Find the best low interest credit cards now.
Con: They also offer lower rewards.
For consumers who pay off their balances in full each month, McBride recommends expanding the search for a credit card rewards program with a bigger payout.
"It's an increasingly competitive rewards landscape that benefits responsible consumers," McBride says.
Banks appear to have cornered the rewards market.
"The credit card market continues to be dominated by large national bank issuers that often have generous reward programs and sign-up bonuses," McBride says.