New Credit Card Payment Option - Pick Your Minimum Payment Percentage

Raleigh, NC-based State Employees' Credit Union has introduced a new enhancement to its credit card payment program that allows cardholders to select a different fixed percentage amount for their minimum monthly payment. According to the credit union, the change was made to accommodate members who want to more aggressively reduce their credit card debt. Prior to the recent enhancement, the minimum payment default amount was 3% of the credit card balance. With the new option, members may now choose to have their default percentage set at an increased percentage amount of 4%, 5% or 6% of their balance. SECU also offers an "Auto Pay" feature that automatically drafts the minimum credit card payment from an SECU account to assure there is never a delinquency.