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05-12-2017 04:26 PM
do you have the 1k you can tie up for a year? if so get the SSL then deposit the cash back in your savings, set it to autopay the minimum
then go find a better credit union to join, take out a card there at a greater limit if possible. If that happens go back to your bank and play lets make a deal. Either wave that fee/upgrade my credit line or I will move to the other CU that likes me better.
It will affect the age of your accounts but your options are limited with that silly rule change.
Oh yeah, ask if having a 1K cd satisfies their requirement, who knows it might.
05-12-2017 04:36 PM
I belong to 4 CUs and none of them have a minimum balance greater than $5 that I park in a savings account. Are there any other CUs in your area? Might take some HP for memberships but it may be time to start shopping around. And of course don't forget about Navy, PenFend, Alliant, etc that many are familiar with on these forums. I can see that after 3-6 months at Navy Federal you could have a credit card that is at 7K or higher. Heck, you may be one that winds up with a 24K starting limit off the bat!
05-13-2017 02:58 PM
05-13-2017 04:13 PM
05-13-2017 04:34 PM
Nolamike - The CD would satisfy it but I don't have 1k extra to tie up in a CD at the moment. With a SSL you really put no money in which is why I thought it might be an option.
Lol lets make a deal
Matt - IN your first post you said you used to carry a balance on the card. Does it make sense for you to charge at least $1k on the card per month, let it report so it waives the fee, and then pay in full by the due date and avoid any interest charge?
05-13-2017 05:42 PM
05-13-2017 06:29 PM
Logix is a joke. Ever since they changed their name from Lockheed FCU to Logix they seem to have beocme worse. I would ditch them. If you live in CA you should look into Golden 1 CU, Unify Financial CU and Premier America CU. You could also look into PenFed.
Its pathetic when a CU starts acting like a bank.
05-13-2017 07:49 PM
05-14-2017 05:39 AM
CO - I got in right when they changed their name from Lockheed. They were great, the people were nice the policies were great and since then it seems like they've slowly been going downhill.
Honestly I don't really want a new TL it'll lower my AAOA and I'd need a HP to get it. Already planning on applying for a business card with Chase and a personal with Discover that's 2 HP's and one new TL reporting. That's why I'm so conflicted
It remains one of the most tragic credit union name changes of all time. And that stupid robot they use....smh.
I totally get not wanting a new trade line; however, when the credit union starts acting like this you have to wonder, "what next?" And if they want to hold your $1,000 hostage or get you into debt to avoid a fee I really think its time to move on. I am not sure of your age, but you have a whole lot of credit ahead of you in life=mortgages, car loans and new credit cards await. All will lower AAoA. But, time heals all. Three new TLs will impact AAoA now, but in a few years it has a way of averaging out. But you have to do what is right for you.
05-14-2017 11:01 AM
Some credit unions are pure greedy. We were very excited several years ago when the cu across the street from the office started on line deposits. The catch you have to have a Fico score of 750 before you can do on line deposits. We are probably going car loan shopping in the fall but if the 750 is required for deposits what does a car loan require 800? I think we will going Penfed next month.
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