CC thru my CU?

[cassie3783]

The last 3-4 weeks, I've been on a CC applying frenzy.

There's been A LOT of denials, a few approvals.

This is what I currently have now:

Cap1 Secured (opened 3/2011) - CL $351

Old Navy (May 2012) - CL $250 (this one I pay in full every month w/ money I budget for clothes for me & my kids)

Discover Card (6/2012) - $1200 CL

WalMart store card (6/2012) - $400 CL

Chevron/Texaco gas card (6/2012) - $500 CL

Also, as of last Friday, I got my car refinanced through my Credit Union w/ a 60% reduction in the interest rate.

Should I try to get one more CC through my CU to diversify my wallet?

I called & was informed since my CR was pulled last week for the re-finance, they could still use the data from that report.  No need to have another one pulled, therefore, no add'l HP.

Thoughts??

[G19OD]

My opinion is yes, no HP, no hurt. From what I have heard CU are awesome in that they have much lower APR's and love returning loyalty.

[webhopper]

Yes, see if they can do it!

[suebee123]

My credit union gave me a credit card using the same pull they used to open my savings account.  I would go for it.  They also gave me my highest cl yet ...5000.

[cassie3783]

Got approved w/ a 1k credit limit!  YAY! 

[suebee123]

CONGRATS!

[webhopper]

Congrats! Use it wisely and it.will likely grow substantially over.time. good work!

[cassie3783]

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@webhopper wrote:
Use it wisely

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As someone who has had to dig myself out of the bad credit trenches, I 100% value the practice of using credit wisely!

My plan is to simply use the card to pay one or two bills a month that I already have budgeted, then just use the funds in my checking account budgeted for said bills to PIF each month.

[tcbofade]

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@cassie3783 wrote:

Also, as of last Friday, I got my car refinanced through my Credit Union w/ a 60% reduction in the interest rate.

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Please tell me that is a typo...

[cassie3783]

LOL, no typo, my friend.

Went from 8% to 3.49% interest rate.