topic Best Credit Cards w/ Credit Unions in Credit Cards

Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 18:17:54 GMT

I would like to hear from some of your experiences with Credit Unions and their credit cards. Which ones have great offers, benefits and customer service. Which do better CLI's, etc.

I have DCU and love it, but curious on which other CU's are great as well.

Also how hard it would be to be approved to join

Thanks in advanced!!

Re: Best Credit Cards w/ Credit Unions

baller4life — Fri, 15 May 2015 18:38:57 GMT

First and foremost, are you eligible for NFCU?? Country's largest and most generous CU.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 18:42:43 GMT

I am not. I was thinking PenFed. I could do the one time donation even though it's non-refundable and isnt guaranteed approval. Not sure what is close to that with a better chance of getting approved. I have quite a few INQ on my report.

Re: Best Credit Cards w/ Credit Unions

baller4life — Fri, 15 May 2015 19:08:17 GMT

What are your Fico scores, AAOA and # of inqs? Judging by your siggy, you are either new to credit or rebuilding with some baddies on your reports.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 19:14:03 GMT

You are correct. My FICO score as of two weeks ago was around 649.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 19:14:13 GMT

If you are rebuilding I would suggest joining your local credit union. Being able to sit down and discuss your situation and needs with them has, in my experience, very much worked to my advantage. In April I was able to do this with my local credit union and they approved me for an unsecured Visa with a SL of $2000. My score at the time was 589 on TU 04 version. Just last week the gave me a CLI and my CL is now $5000. I'm definitely an advocate of going local for rebuilders.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 19:24:44 GMT

Thanks for posting some of that knowledge. I will brainstorm this weekened.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 20:18:59 GMT

You need to make sure any credit union you join issues their own credit cards and that the underwriting is done by their loan committee and not farmed out to a 3rd party lender.

Many credit unions use Elan Financial, a subsidiary of US Bank and they royally suck and have conservative guidelines for credit card issuance.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Fri, 15 May 2015 20:22:02 GMT

Where could I find that info. I'm thinking of joining a local credit union named Metro Credit Union

Re: Best Credit Cards w/ Credit Unions

joedtx — Fri, 15 May 2015 21:44:46 GMT

@baller4life wrote:
First and foremost, are you eligible for NFCU?? Country's largest and most generous CU.

When is the next a/r for NFCU Aug 31 ?

Re: Best Credit Cards w/ Credit Unions

Anonymous — Sat, 16 May 2015 04:29:43 GMT

I would call the Cu's and ask.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Sat, 16 May 2015 04:42:41 GMT

@baller4life wrote:
First and foremost, are you eligible for NFCU?? Country's largest and most generous CU.

NFCU is straight up nutzo.

I had like 30 store cards with $200 limits and the only VISA/MC in my name were $300-$600 secured cards.

NFCU gave me $16K ... I thought it was a mistake but sure enough the card arrived within a week and I still keep the approval letter with $16K on it as a souvenir.

Re: Best Credit Cards w/ Credit Unions

Imperfectfuture — Sat, 16 May 2015 04:45:32 GMT

@Anonymous wrote:
If you are rebuilding I would suggest joining your local credit union. Being able to sit down and discuss your situation and needs with them has, in my experience, very much worked to my advantage. In April I was able to do this with my local credit union and they approved me for an unsecured Visa with a SL of $2000. My score at the time was 589 on TU 04 version. Just last week the gave me a CLI and my CL is now $5000. I'm definitely an advocate of going local for rebuilders.

I did this as well. But turns out Alaska USA is very conservative. The interest isn't the greatest (to lower, need a hard pull). But great perks if no rewards. The cash advance fee is nil, interest is the same for purchases and cash advance. Travel insurance 500k. Easiest card to pay, if have account with them. If you are good, they will unsecure your card before the two years are up. They will remain in my pocket as good emergency card, and will eventually get to 10.5% interest.

Alliant keeps offering me credit products via email, but I have enough right now. Also, my business checking will be with BECU. Not a fan of annual fee cards.

There are several, including NASA, etc. Really depends on your needs, A secured card with sdfcu is one way, but doesn't graduate. Could always try BOAfor graduating secured cards,

Re: Best Credit Cards w/ Credit Unions

NRB525 — Sat, 16 May 2015 05:22:56 GMT

@Anonymous wrote:
I am not. I was thinking PenFed. I could do the one time donation even though it's non-refundable and isnt guaranteed approval. Not sure what is close to that with a better chance of getting approved. I have quite a few INQ on my report.

I tried PenFed last September, got joined up with the savings account, had to re-apply with a second HP over a month later after figuring out they really wern't processing my CC app, and then got denied for the unsecured CC, due to high balances. So I had them use the existing HP to give me a secured card, $500 based on savings, and they say that after a year they may be able to get an unsecured card. Whether that means this card converts, or I have to app for a new card, I'm not sure, and I'm not even sure I would app separately for a new card from them, but there you go: If you don't get an unsecured card, you should be able to transition immediately into a secured card to start building that relationship.

The other good choice is SDFCU, State Department FCU. I just went through them specifically for the no HP secured card, easy as pie (except for keeping track of all the log in screens and security verification steps involved). Another no-AF, no FTF, lower interest rate card with a bit of a rewards structure, though probably not too much of that.

Re: Best Credit Cards w/ Credit Unions

longtime_lurker — Sat, 16 May 2015 10:41:42 GMT

@Anonymous wrote:
If you are rebuilding I would suggest joining your local credit union. Being able to sit down and discuss your situation and needs with them has, in my experience, very much worked to my advantage. In April I was able to do this with my local credit union and they approved me for an unsecured Visa with a SL of $2000. My score at the time was 589 on TU 04 version. Just last week the gave me a CLI and my CL is now $5000. I'm definitely an advocate of going local for rebuilders.

My local CU saved me multiple times, and for that, I always throw them a bone once in a while. And they'll always have a spot in my financial portfolio with 8.9% APR (f) and no BT or CA fees.

I use it primarily as a LoC right now - this month thanks to car insurance and car repair, I'll be PIF my Aviator and basically BTing the balance to MSUFCU by making a payment.

Re: Best Credit Cards w/ Credit Unions

Anonymous — Sat, 16 May 2015 11:04:43 GMT

@Anonymous wrote:
I would like to hear from some of your experiences with Credit Unions and their credit cards. Which ones have great offers, benefits and customer service. Which do better CLI's, etc.

I have DCU and love it, but curious on which other CU's are great as well.

Also how hard it would be to be approved to join

Thanks in advanced!!

USAlliance CU gave me last year a $12K LOC and aproved me for a $25K car loan, they pulled experian and the score at the time was 624.
I also have a $20K personal loan with them (was about 50% paid down at the time) although they denied me a CC.

I'll try again next month as my scores are improving (lowering UTI on some CC this month and didnt' report yet)

Anyone knows anything about
1) Metro Credit Union
2) DCU

I want to apply with them to CC to do a balance transfer.