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Valued Member
baskball33
Posts: 31
Registered: ‎03-15-2010
0

Credit Union Credit Card

I was just going to apply for a credit card with my Credit Union.  I recently received a signature loan for $4,000 from them.  I have two credit cards with First Premier with perfect history for 3 years.  They have low limits 600 and 650.  I just received a Capital One $500 limit.  Basically, I want to be able to cancel First Premier eventually because as I'm sure many know, it's expensive.  So, I am trying to get other cards to have for a couple years before I cancel those.  I would also like to get a higher limit.  My score just went up quite a bit, from 580 in March to 660 now. 

 

So, my question is, it asks me how much of a limit I want to apply for.  I have no idea what to say here.  Do I go to $1,500?  That is more than double the limit on either of the cards I have.  I really don't need it for anything, but I don't want to ask for too much and not get approved.  Any advice?

Senior Contributor
Wolf3
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Credit Union Credit Card

[ Edited ]

 


baskball33 wrote:

I was just going to apply for a credit card with my Credit Union.  I recently received a signature loan for $4,000 from them.  I have two credit cards with First Premier with perfect history for 3 years.  They have low limits 600 and 650.  I just received a Capital One $500 limit.  Basically, I want to be able to cancel First Premier eventually because as I'm sure many know, it's expensive.  So, I am trying to get other cards to have for a couple years before I cancel those.  I would also like to get a higher limit.  My score just went up quite a bit, from 580 in March to 660 now. 

 

So, my question is, it asks me how much of a limit I want to apply for.  I have no idea what to say here.  Do I go to $1,500?  That is more than double the limit on either of the cards I have.  I really don't need it for anything, but I don't want to ask for too much and not get approved.  Any advice?


 

$1500 sounds reasonable, they are more likely to offer you less than to deny if they don't like the amount.  

 

If you get it, I would cancel the FIrst Premieres cards right away.   I see no reason to keep them any longer.

Senior Contributor
score_building
Posts: 3,578
Registered: ‎01-10-2008
0

Re: Credit Union Credit Card

ask for at least the same amt as the other loan they approved

if they want to counter offer that's fine, but don't low ball...

your 660 should get you more than you've been used to and +1 on shutting down FP sooner rather than later.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Super Contributor
concorduser
Posts: 6,026
Registered: ‎09-18-2007
0

Re: Credit Union Credit Card

I agree with score_building. Ask for the same amount as the first loan. Best case they will approve it, worst case they will make a counter offer. There is a saying, if you dont ask you dont get it.

Valued Member
baskball33
Posts: 31
Registered: ‎03-15-2010
0

Re: Credit Union Credit Card

I ended up applying for 2k.  I figure that is higher than what I have and more than I need, it's a start.  Honestly, I am nervous to get more.  They did approve the 2k.  So, as soon as I see that and Cap1 reporting I will get rid of first premier. 

Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009
0

Re: Credit Union Credit Card

[ Edited ]

baskball33 wrote:

I ended up applying for 2k.  I figure that is higher than what I have and more than I need, it's a start.  Honestly, I am nervous to get more.  They did approve the 2k.  So, as soon as I see that and Cap1 reporting I will get rid of first premier. 


 

Get rid of them and then PARTY!

 

We need to have a "I JUST FIRED FIRST PREMIER BANK" party thread on here. :smileyvery-happy:


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