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Teamster Credit Card: Flexible Card for Teamsters Union Members

Members of the Teamsters Union are eligible to apply for the Teamster Credit Card, which offers various benefits, grants, and rebates. With this card, you can receive hardship grants of up to $2,700, protection benefits from fraud, and customer support services. Regardless of what specific card you choose, there is a $0 annual fee and $0 fraud liability fee, and you can gain access to 24/7 US phone customer service.

Teamster Credit Card Highlights

  • Annual Percentage Rate (APR):
    • 0% for the first 12 months for cash rewards purchase and first 15 months for rate advantage purchase
    • 4% to 24.74% variable APR based on credit worthiness
    • 49% variable APR for cash advances
  • Hardship Grants:
    • Grant amounts ranging from $300 to $2,700 depending on the grant type:
      • $300 for job loss and union members participating in a sanctioned strike
      • $1,200 for hospital bills
      • $1,600 to $2,700 for disabilities or long-term illness
    • Must be at least three months as a cardholder to be eligible for hardship grants
  • Rewards:
    • $0 annual fee and a 1.5% cashback for every purchase
    • Rebates and discounts for telecommunications, insurance, and rental products and services
    • MasterCard benefits
  • Fees:
    • 3% of transferred balance during the first 12 months since account opening
    • Cash advance fee of whatever is greater between $10 or 4%
    • Up to $38 for late payments and $25 for returned payments

Benefits and Limitations of Teamster Credit Card

 Hardship Grants

The Teamster Credit card comes with three primary benefits: hardship grants, rebates and discounts, and MasterCard benefits. The hardship grants apply for unexpected difficulties that you may encounter while working and can be of significant help to your situation. This particular benefit will only be applicable for you if you have been a cardholder for at least three months, and the amount you can receive depends on the loss event.

While the hardship grant option is certainly one of the card’s most attractive features, it also comes with limitations and restrictions. For example, each card member and account holder may only receive one grant of each grant type.

Rebates, Discounts, and Benefits

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Another advantage of the Teamster Credit Card is that it provides useful rebates and discounts that can be helpful for any union member. It offers AT&T rebates, auto and home insurance discounts, car and truck rental discounts, and many others. If you want to learn more about these benefits, you can head on over to your card account.

Furthermore, you are entitled to MasterCard benefits, such as coverage for collision damage on a rented vehicle, price protection, and the like. The drawback, in this case, would be that the credit card is only available for members of the Teamsters Union.

Low Rates and Limits

While the card’s $0 annual fee is certainly enticing, this is compromised by a 1.5% cashback, a rate that is noticeably lower than most other offers. Furthermore, your credit limit is capped at $10,000, so you may have to limit your card usage or pay your fees in the middle of the month to continue using the card.

 

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Written By

Riley is a finance, lifestyle, and entertainment writer living in San Diego. He received his bachelor's degree in Journalism and Multimedia from the University of Oregon. His work has been featured in many finance and lifestyle publications throughout the US. When he is not writing, Riley enjoys reading and hanging out at the beach with his dog.

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