![]() Most members will average about $6 a year in donations. The pennies left over go toward making a major difference in the lives of fellow members and other worthy organizations providing various important services to our service territory. In 1998, United chose to continue that tradition of members helping members by implementing Operation Round Up, in which electric bills are rounded up to the nearest dollar amount. One of the seven guiding principles of cooperatives is Concern for Community. ![]() Members who signed up for electric service from United are members of a cooperative-not just another utility. 0478 cents per kwh) that reflects the rise and fall in the cost of wholesale power.įind our monthly updates on the PCRF and how we compare to other utilities by clicking here: This stands for Power Cost Recovery Factor, and United's electric utility rate is designed with a PCRF (currently. Members may see the acronym PCRF on their bills. The second is United's distribution charge (20-30 percent), and that represents the co-op's cost to bring electricity from a substation to a member's service location. The largest part (70-80 percent) comes from United's purchase of wholesale power. Monthly bills from United are made up of two separate cost factors. Comparatively, the Discover it cash back credit card offers 5% back in rotating categories each quarter (up to the quarterly maximum) when you activate and 1% back everywhere else.UNDERSTANDING UNITED'S BILLING AND PAYMENT OPTIONS For example, the Discover Cashback Checking account rewards customers with 1% back on most debit card purchases. ![]() Though some debit cards do offer rewards on spending, Woroch says you can earn much more with a rewards credit card in many situations. Your card might also offer an extended warranty, or ability to request a refund even after the allotted time passes with the retailer or if there's a problem getting money back from the store. For instance, if the item is damaged or stolen, your card may offer purchase protection that allows you to be reimbursed. Not only do you get a grace period on your credit card bill, but you also often get more protection on that purchase, Woroch says. If you need to make a big-ticket purchase, it can be a smart move to use a credit card. Keeping your credit utilization ratio low and paying off your balance each month will increase your credit score over time. Your credit card issuer reports your spending and payment activity to the three credit bureaus each month. "But using a credit card means you still have access to your bank to withdraw money or make purchases, and none of your money is held up while the bank reviews this fraudulent activity," Woroch adds. "If someone steals your credit card and makes purchases, the charges show up on your account, but money is not withdrawn from your bank account like you'd see with a debit card – which is terrifying." Ultimately, you wouldn’t be responsible for those purchases in either scenario. Credit cards offer many layers of protection, but perhaps the best one is protecting your actual money in the bank, says Woroch. "Though you can usually get a cash advance using a credit card, it'll cost you in the form of one-time fees and higher APR for cash advances, so using debit for this reason is the smarter way to go," Woroch says. Whether you visit an ATM or opt for cash back when making a purchase at the supermarket or drugstore, your debit card will help you avoid paying additional fees or interest. Debit cards are the superior option when you need physical cash. ![]() "While you work to pay off debt, commit to using your debit card," Woroch says. ![]() The average minimum credit card interest rate for someone with fair credit was 21.85% at the end of 2021. Keep in mind that if you're carrying a balance month to month, you'll need to pay interest on it. Money-saving expert Andrea Woroch says it's a good idea to use a debit card if you're trying to build better buying and spending habits, or avoid racking up debt. With your debit card, you can only spend what you have in the bank. ![]()
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