07-23-2009 08:34 AM
07-23-2009 11:56 AM
NFCU has a "SWITCH" option.
Notice that next to all CC's (except the cashrewards) there is an "APPLY" and a "SWITCH" button. Switch allows you to request a PC for CC. I believe you can switch a non-cashreward to a cashreward, but not the other way around.
First congrats to your daughter on her NFCU membership & great CC!
Second thanks for the info about PC for CC. Any thoughts on what their best cards are to have? When I first apped I had no idea which card to pick so picked the cashRewards Visa & was approved for that. While waiting to hear about that I got something in the mail from them about the goRewards card so I apped for the MC. I was approved for both.
Is there another card that is better? I don't really use my CC for my everyday spending because my debit card gives me points for all purchases & I can redeem them for cash or gift cards, but I do make large purchases using my CC (we are donig some remodeling) so want to make sure I'm making the most of them.
07-23-2009 02:13 PM
7.9%. Excellent. Congrats to your daughter.
Yeah, that is their best rate. I told her to treat it like gold plated platinum (no need to have done so). At 21 with that type of start, 10 years from now she should be a real credit star.
7.9% fixed is pretty nice. And while there are some lower rates in a few places, they aren't that much lower. The best I have really seen currently is around 5.24%, if you can qualify for the best rate at Addison Avenue.
The other wonderful thing about NFCU credit is that they have ZERO fees for use of the credit, whether it be purchases or cash. AND if you use the convenience check, this is rated as CASH RATE #2, which happens to be equal to purchase rates. Only if you do bank teller or ATM cash advance or do an online transfer to checking/savings do you pay CASH RATE #1 which is 2% higher than the purchase rate (9.9% still not bad)....but no fees in either cas.
NFCU is a real enigma, unmatched from anything I have found for personal credit.