Reply
Established Contributor
Fico2Go
Posts: 787
Registered: ‎12-05-2013
0

Re: Why get a GE credit card?

[ Edited ]

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

 

 

This is what is making me think twice.  :smileyhappy:

 

As you have read some of my posts I am deadly concerned with AAoA & AACL ( average account credit line ). 

 

 

 

 

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
alvon123
Posts: 8,429
Registered: ‎09-24-2013
0

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 ( sorry I MEANT TU ).. share share share.  :smileyhappy:


BBVA Compass clearpoints visa is a TU puller    http://www.bbvacompass.com/credit-cards/                                


Community Leader
Mega Contributor
coldnmn
Posts: 15,156
Registered: ‎08-08-2011
0

Re: Why get a GE credit card?


Fico2Go wrote:

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

 

 

This is what is making me think twice.  :smileyhappy:

 

As you have read some of my posts I am deadly concerned with AAoA & AACL ( average account credit line ). 

 

 

 

 


Barclay would be the one to worry about they don't like to many inquiries and new accounts!

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 /

Established Contributor
Fico2Go
Posts: 787
Registered: ‎12-05-2013
0

Re: Why get a GE credit card?

thank u Alvon.  I'll look at them closer. 

 

Coldnmn... the Barclay card I have now I am willing to risk losing.  It's not at all impressive.  However since they added the new account to my CR my scores have gone up  across all 3 bureaus. 

 

IRONICALLY my scores are not as high as it can be due to the NOT ENOUGH NEW ACCOUNTS and NOT Enought types of credit. 
 These two points make up to 25% of total scores.   So need work in these areas. 

 

 

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
Community Leader
Mega Contributor
coldnmn
Posts: 15,156
Registered: ‎08-08-2011
0

Re: Why get a GE credit card?


Fico2Go wrote:

thank u Alvon.  I'll look at them closer. 

 

Coldnmn... the Barclay card I have now I am willing to risk losing.  It's not at all impressive.  However since they added the new account to my CR my scores have gone up  across all 3 bureaus. 

 

IRONICALLY my scores are not as high as it can be due to the NOT ENOUGH NEW ACCOUNTS and NOT Enought types of credit. 
 These two points make up to 25% of total scores.   So need work in these areas. 

 

 


Sounds like creditkarma. :smileysad:

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 /

Established Contributor
Fico2Go
Posts: 787
Registered: ‎12-05-2013
0

Re: Why get a GE credit card?

This is EQUIFAX.com. 

 

With my recent approved apps next week or this month the not enough new accounts issue won't be a problem. 

But type of credit still needs work. 

 

 

 

 

 

 

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
Community Leader
Mega Contributor
coldnmn
Posts: 15,156
Registered: ‎08-08-2011
0

Re: Why get a GE credit card?


Fico2Go wrote:

This is EQUIFAX.com. 

 

With my recent approved apps next week or this month the not enough new accounts issue won't be a problem. 

But type of credit still needs work. 

 

 

 

 

 

 


I hope those aren't your only accounts that are listed. If they are and you apply for more! ! ! !

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
FinStar
Posts: 6,633
Registered: ‎10-21-2012
0

Re: Why get a GE credit card?

IME, GECRB has been a great company.  I have 10 different co-branded products with them (Visa, AMEX, Discover & MC) and provide some decent loyalty reward programs that are not generally duplicated by my other major bank cards.

Established Contributor
Fico2Go
Posts: 787
Registered: ‎12-05-2013
0

Re: Why get a GE credit card?

Finstar, thanks I've been looking at all the GE products and been noticing Old Navy/Visa is one of the best out there.  I don't shop much at Old Navy or their other brands but I do like VISA.  If I don't get approved for SLATE which is currently under review for ID verification then I''ll look close at GE.  

 

I just don't like the high APR that comes with GE products.

 

 

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
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Why get a GE credit card?

A lot of GE cards are retail cards. If you happen to shop at those stores, there's usually a 12-24 months 0% apr promo if you finance the purchase on that card. That's probably the biggest reason why people get GE cards.

The Carecredit is a nice very card too that gives 12-24 months 0% interest on medical related expenses.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}