Frequent Contributor
Posts: 377
Registered: ‎09-16-2012

Re: Credit Union's Credit Cards vs Bank's Credit Cards?

I agree with everything that's been said.


I'm with a local CU, General Electric.  I have (2) auto loans with them on used vehicles for 4%.  They also gave me my lst biggish CC back in December for $3500 @8%..

They are the 2nd largest home mortgage lender in my with my current relationship with  them and plans to buy a house in a year, I should be sittng pretty good.


I'm also with DCU.  They gave me a $10k Visa @ 8.5% in January.  I bought a 2013 Harley Davidson last week thru H-D (Eaglemark bank) at a rate of 8%....I will be calling DCU to refinance in 90 days.

Starting Score 9/12: EQ 645 TU 641 EX 651
Current Score5/13: myFico EQ 729 DicoverTU 710 myFico EX 734
Goal Score: 750

AMEX PRG,AMEX BCP-$15.1k,US Bank PLOC-$15K,CSP-$15k,Freedom-$6k,CapOneVisa-$15k,US Bank Visa-$10k, DCU Visa-$10k,Paypal MC-$15k,USAA MC-$12k,Lowes-$8600,CapOne Visa-$10k,Discover IT-$12.9K,BoA Visa-$10.1K Walmart -$4k,GECU Visa-$3500, US RLOC-$750

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Frequent Contributor
Posts: 345
Registered: ‎03-16-2011

Re: Credit Union's Credit Cards vs Bank's Credit Cards?

i agree with everything said so far i will just add if you are thinking about getting cc from your cu, inquire about their credit limit increase policy. i have one its a no frills card but its the lowest rate i have @ 13%  so if i want to carry a small bal its my goto card. however i just started rebuilding when i got it and low balled myself on the limit and only asked for 1200 because at the time that was my highest subprime limit- my credit union wouldn't take an app w/ out a desired limit and i didn't want to go too high and get denied. well they instantly approved me, however i later learned they don't do auto CLI's like the major banks often do, and any CLI request would def. be a hard pull. so until next yr my limit will remain at 1200 as i do not want any more hard pulls this yr.

Amx BCE-9000,Amx Zync-NSPL
Barclay's Mastercard-5600
Credit Union Visa-1200
Discover-1900, Khols-1000

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