credit union credit cards???

[Lpbelleza27]

What are credit union cards do you guys have? What are there benefits and advantage from other prime credit cards?? 

[09Lexie]

DCU, NFCU - low rates, higher CL's, no or reduced fees like BTs

[Arailah]

Biggest reason why people recommend them is because they are more forgiving of blemishes on your credit report than the big banks.

Also - the interest rate is pretty competitve.  I work at a Credit Union and depending on your credit score your interest rate can be as low as 8.9% with no annual fee.  Which is nice.

I can't disclose which one I have since I work there =) But I like having it.  I still want Prime Cards in my wallet one day, but without my credit union I wouldn't have my CC or my Auto Loan.  They are awesome when it comes to lending to those who would otherwise have the door slammed in their face (Like I did for a long long time)

[Lpbelleza27]

Do i need to open an account with them before i can apply for a cc?

[09Lexie]

It's wise to become a member first in case you are approved for a cc but not approved for membership

[Pilotdude]

NFCU (Navy Federal Credit Union)!!

I have their Flagship Visa Siggy with a limit currently of 5K.  (Gonna ask for CLI soon).

The benefits are enormous as far as being a member.  The card rewards themselves are okay.

The real payoff is in their level of service and willingness to hop on board member's financial plans.  They give high limits with relative ease and they have 24/7 Customer Service that you will not beat anytime soon.

The down side to them is that if you even think about them, they give you a Hard Pull. lol

[Lpbelleza27]

Whats the advantage of being a member first prior to getting a cc? (might be a dumb question, sorry new to this)

[Lpbelleza27]

Is NFCU only for someone who are in the service????

[jboy1972]

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@Lpbelleza27 wrote:

Whats the advantage of being a member first prior to getting a cc? (might be a dumb question, sorry new to this)

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On the surface, credit unions look a lot like banks. They both hold deposits, make loans, issue checks and ATM cards, and offer investment services. But the real difference between banks and credit unions has less to do with the services they offer and more with how each institution is run.

Banks are for-profit companies. They make money by charging interest on loans, collecting account fees and reinvesting all that money to earn more profit. But as for-profit companies, they also pay state and federal taxes.

Credit unions, on the other hand, are not-for-profit institutions. Technically, credit unions are owned by their account holders, known as members. Any profit earned by a credit union is either invested back into the organization or paid out to members as a dividend [source: Federal Reserve]. As a not-for-profit institution, credit unions pay no state or federal taxes, meaning they can charge lower interest rates than banks for most financial services.

[hot4u]

Most Credit unions use chexsystem for Membership. It's best to do Membership first so you Don't waist a HP for Credit Card/Loan.

There have been cases of offered Credit Card and Person's were Denied Membership.