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Established Contributor
Fico2Go
Posts: 786
Registered: ‎12-05-2013
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Why get a GE credit card?

[ Edited ]

Just realized of all the HP  I have only one is with TU.  So guess what? 

 

I am thinking of apping for GE cards.  From what I hear GE is the undisputable TU user. 

The problem I hear is that retail cards including PayPal and Amazon ...powered by GE.. have high APRs and are least attractive in terms of consumer benefits. 

Please give me a few reasons why GE products are worth owning. 

 

If u know of another creditor ( besides Barclay ) that also uses GE ( sorry I MEANT TU ).. share share share.  :smileyhappy:

Discover IT $11,000 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $8000 ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
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coldnmn
Posts: 14,942
Registered: ‎08-08-2011
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Re: Why get a GE credit card?

[ Edited ]

Walmart, Lowes, CareCredit and Sams Club. For 0% financing of products. Also free monthly TU score from Walmart.

 

edit:Barclay is not GE.

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8500
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

Valued Contributor
daybreakgonesXe
Posts: 1,861
Registered: ‎11-17-2012
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Re: Why get a GE credit card?


Fico2Go wrote:

Just realized of all the HP  I have only one is with TU.  So guess what? 

 

I am thinking of apping for GE cards.  From what I hear GE is the undisputable TU user. 

The problem I hear is that retail cards including PayPal and Amazon ...powered by GE.. have high APRs and are least attractive in terms of consumer benefits. 

Please give me a few reasons why GE products are worth owning. 

 

If u know of another creditor ( besides Barclay ) that also uses GE.. share share share.  :smileyhappy:


They're typically great with CLI, known for giving customer initiated CLI every 4 statements

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 744 EQ 706 TU 733 Credit Karma (TU) 785 Transrisk 804/990 Credit Sesame (EX) 764 Credit.com (EX) 764 VantageScore 3.0 719 Quizzle (EQ) 721
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drkaje
Posts: 3,491
Registered: ‎07-25-2008
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Re: Why get a GE credit card?

Considering three new accounts in Dec '13, it might be time for gardening.

 

IMO, the TU FICO score gives a nice feeling but isn't really that useful. I write that because its not the flavor of FICO most places use to make lending decisions.

 

Unless it's to take advantage of a 0% offer or grow a thin file, there may not a point other than getting an easy approval.

 

I do believe they grow with regular use and may have CLIs with SP, though. That's an advantage over some other companies.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Established Contributor
Fico2Go
Posts: 786
Registered: ‎12-05-2013
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Re: Why get a GE credit card?

Hello ColdnMN.. that's correct Barlay is not GE but Barclay uses TU. 

 

At this point most of what current products also offer 0% interest.  My thinking is that GE could help by adding retail credit to my CR.   

 

Discover IT $11,000 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $8000 ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: Why get a GE credit card?

Does retail credit help one's report?


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Established Contributor
Fico2Go
Posts: 786
Registered: ‎12-05-2013
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Re: Why get a GE credit card?

Drkaje.. normally I would agree on gardening time. 

 

I have four approved and one  pending Chase Slate in 12/13.  Needed to verify ID.
 

I would not even consider opening another account that pulls EQ or EX for 6-12 months.  But looking at my scores today TU is the highest with only 1 HP.  Trying to see if this lost opportunity by not apping GE or just garden the current accounts.  

 

( I don't regard GE as a premium product )

 

 

 

 

 

Discover IT $11,000 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $8000 ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Established Contributor
Fico2Go
Posts: 786
Registered: ‎12-05-2013
0

Re: Why get a GE credit card?

Yes retail does help increase scores...up to 10% of your scores are is determined by the types of credit you have. 

I have installment and revolving.   Need retail.  

 

80 point difference can make a huge difference. 

 

My concern is if in fact GE is officially categorized as RETAIL.   

Discover IT $11,000 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $8000 ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: Why get a GE credit card?


Fico2Go wrote:

Drkaje.. normally I would agree on gardening time. 

 

I have four approved and one  pending Chase Slate in 12/13.  Needed to verify ID.
 

I would not even consider opening another account that pulls EQ or EX for 6-12 months.  But looking at my scores today TU is the highest with only 1 HP.  Trying to see if this lost opportunity by not apping GE or just garden the current accounts.  

 

( I don't regard GE as a premium product )

 

 

 

 

 


Is the impact of lowering Your average age of active accounts worth it?

 

IMO, that's the only question.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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coldnmn
Posts: 14,942
Registered: ‎08-08-2011
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Re: Why get a GE credit card?


Fico2Go wrote:

Hello ColdnMN.. that's correct Barlay is not GE but Barclay uses TU. 

 

At this point most of what current products also offer 0% interest.  My thinking is that GE could help by adding retail credit to my CR.   

 


Check your personal messages you may get the answer you want.

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8500
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /


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