I started a new thread from the 'Ask a Backoffice Employee Anything'
~Lexie
chwebb1 wrote:
Man-Of-Steel wrote:
Imperfectfuture wrote:
Lol, my sister is in that boat (thinks I'm obsessed with credit, compares me to her ex 
). She opted for a higher annual fee to lower the interest rate, because...wait for it...she believes in carrying balances (I do too, when it's 0%, 
). When we hook up in Vegas in April, want me to thank her from all of us?
Yes! lol. 
I'll never understand why people carry balances on rewards cards. In general, APRs on those are 12.99%+ APR. You can get a non rewards card to carry a balance on at 8%, and I've seen them as low as around 6%. Why would people who carry balances not get one of these to carry balances on instead of paying through the nose on interest?
@Themanwhocan wrote:
@chwebb1 wrote:
@Man-Of-Steel wrote:
@Imperfectfuture wrote:Lol, my sister is in that boat (thinks I'm obsessed with credit, compares me to her ex
Yes! lol.
I'll never understand why people carry balances on rewards cards. In general, APRs on those are 12.99%+ APR. You can get a non rewards card to carry a balance on at 8%, and I've seen them as low as around 6%. Why would people who carry balances not get one of these to carry balances on instead of paying through the nose on interest?
5.90% https://www.ufcu.org/personal/cards/great-rate
I might look into getting that card when I finally leave the garden. That's a really good rate. Am I missing where they define what FICO scores equal "Excellent", "Good" etc?
@chwebb1 wrote:
@Themanwhocan wrote:
@chwebb1 wrote:
@Man-Of-Steel wrote:
@Imperfectfuture wrote:Lol, my sister is in that boat (thinks I'm obsessed with credit, compares me to her ex
Yes! lol.
I'll never understand why people carry balances on rewards cards. In general, APRs on those are 12.99%+ APR. You can get a non rewards card to carry a balance on at 8%, and I've seen them as low as around 6%. Why would people who carry balances not get one of these to carry balances on instead of paying through the nose on interest?
5.90% https://www.ufcu.org/personal/cards/great-rate
I might look into getting that card when I finally leave the garden. That's a really good rate. Am I missing where they define what FICO scores equal "Excellent", "Good" etc?
What is odd is that their cash-back card looks really bad! It earns UP to 1%, after $3,000 spend, and the APR for excellent is 13.9% So 8% more APR for the chance to have a 0.25% card!
@Anonymous wrote:
That 5.90% looks excellent but probably requires 760+
How sure are you about that? I currently have a 765 according to Discover, and a 760 according to Barclaycard. If that's right, I might be seriously tempted.
@Anonymous wrote:
Usually that tends to be the case...
Besides Simmons bank, 760 seems to be the top for best rates.
You are seriously tempting me. I should probably stay in the garden, though. 
@Anonymous wrote:
That 5.90% looks excellent but probably requires 760+
I would agree with this statement, my local CU credit manager flat out told me 760 is their magic number for the lowest rates available and they Use Fico 04 V2 the mortgage score for all their credit products.
Wow, I'm really tempted now to app for ufcu. I don't know my EX, but my tu is 765, and my eq is 738. It sounds like I'd have a really good chance to get that card at their best rate. The temptation is real right now.