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Established Contributor
Posts: 961
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.  Smiley Happy

 

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

 

 

 

 

Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Senior Contributor
Posts: 10,277
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.  Smiley Happy


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

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Mega Contributor
Posts: 17,123
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.  Smiley Happy

 

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!

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Established Contributor
Posts: 961
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 $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Mega Contributor
Posts: 17,123
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. Smiley Sad

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Established Contributor
Posts: 961
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 $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Mega Contributor
Posts: 17,123
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! ! ! !

Discover IT $16.5k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $9.5k / Walmart Mastercard $8k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.95k / Citi DC (WMC) $5.7k
Gardening Date 7/01/16 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Senior Contributor
Posts: 11,485
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
Posts: 961
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 $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Super Contributor
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).

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