topic Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie in Credit Cards

Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlier

galahad15 — Tue, 29 Mar 2016 21:26:02 GMT

As an update to one or more of my previous threads, I received my first Western/Unify CU VISA card electronic statement today, and the statement listed that the go-interest rate is actually 12.5%, not the 8.5% figure cited by an earlier Unify CU rep I spoke to earlier over the phone (the previous rep had said that the go-to rate had been lowered as a result of a manual review that went in my favor). Over chat, a new rep today mentioned that the 8.5% rate was only during the intro promotional period, so I guess that means the earlier rep had had incorrect info at the time they had talked about the lower go-to rate. My signature line has been updated accordingly to reflect the latest rate info (I guess the saying that all good things come to an end is indeed true, lol), but the good news and silver lining is, not all is lost, b/c I was offered a substantial SP-based CLI! Keeping my fingers crossed that the CLI request goes through successfully...

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Tue, 29 Mar 2016 21:53:29 GMT

so does this mean you're no longer gonna be our community promotional rep for them? lol

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Tue, 29 Mar 2016 22:36:06 GMT

@Anonymous wrote:
so does this mean you're no longer gonna be our community promotional rep for them? lol

Lol no worries, I still love Western/Unify FCU (Again I do not work for them, I just enjoy using their particular card products.) ETA: in the future I also still might be able to qualify for a lower go-to rate eventually, once I get my credit scores up higher, according to the CSR from today.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Tue, 29 Mar 2016 22:22:39 GMT

Update: apparently I received a CLI from $2k to $7k, so admittedly kinda happy about that atm Will update signature line again shortly...

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Tue, 29 Mar 2016 22:35:08 GMT

i know you don't work there buddy i was just messing with you.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Wed, 30 Mar 2016 15:26:29 GMT

Another update/data point: after the CLI to $7k was approved, my Unify CU card was updated from VISA Classic to VISA Gold. VISA Gold apparently carries a lower go-to APR than VISA Classic, so my new go-to rate with the new card is actually now 11.5% F, rather than 12.5% F. Definitely no complaints out of me here lol, as I am more than happy to take a lower APR any day!

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Wed, 30 Mar 2016 15:39:08 GMT

I spoke with them because I'm interested in this card too. They said you need a 750 for the lowest rates, so I guess I'll garden a little more until I'm not so borderline.

Have you tried any BTs or cash advances? They told me you can use the card like a PLOC/overdraft line by transferring money (or just overdrafting my checking account) which would be a big plus for me.

For anyone interested: they hard pull Experian for each credit product and require 2 paystubs for income verification

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Wed, 30 Mar 2016 15:44:59 GMT

@Anonymous wrote:
I spoke with them because I'm interested in this card too. They said you need a 750 for the lowest rates, so I guess I'll garden a little more until I'm not so borderline.

Have you tried any BTs or cash advances? They told me you can use the card like a PLOC/overdraft line by transferring money, which would be a big plus for me.

I think you're 100% right on there, about the 750 for the very lowest rates -- earlier, I had asked them what kind of score would be needed to get a go-to APR of 9.99%, and they had replied that my score would have to be at least 740 or higher. Also think you're very smart to wait until your scores increase, since most but not all of the CSRs I've spoken with said that even if my scores go higher to the 740-750 range, I would still have to app for a new card to get the lower rate.

In response to your other question: yes I have just recently done a BT, which currently has a promo BT rate of 3.99% for 12 months. One of the things I like about them is that there are no BT or cash advance fees, for their Fixed-Rate VISA card (Variable-Rate card does have fees though apparently). Not sure about the PLOC/overdraft line for transfers feature that you had mentioned tho, but that sounds very interesting as well, thanks for pointing out the helpful info there!

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

ttleigh — Wed, 30 Mar 2016 21:38:00 GMT

Western approved me for my highest credit line to date (10k) I have a ton of inquiries, about 30% util and a lot of new accounts. After I was approved for the account she also told me I was preapproved for a personal loan up to 25k but the interest was 14.9. She mentioned if my credit score went up to 700 I would get the lowest rate for this product. This credit union seems super laidback and open about how to qualify for their products.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 00:18:13 GMT

Anyone a 1099 employee or self-employed and apply for a CC or PLOC with Unify? I hear they are a SOB with POI even for CC's which is insane, but I haven't read anywhere on the forum if instead of two paystubs (one month) they'll take 1-2 months business bank deposit statements as income prove.

I don't want to app and find out that they want my tax returns and/or a T-4506 from me which would waste the HP.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

darwin_wins — Fri, 19 Aug 2016 01:39:29 GMT

How does one qualify for this CU? Is it SP for membership?

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 03:50:32 GMT

EX sp for membership. It explains ways to obtain membership on website.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Fri, 19 Aug 2016 18:25:26 GMT

@darwin_wins wrote:
How does one qualify for this CU? Is it SP for membership?

No geographical restrictions on membership eligibility, for this CU -- if I am remembering correctly, I officially joined it by creating a new savings and checking account, with the minimum amounts deposited, etc. After that, it was a breeze to app for their credit card. Sorry not 100% sure about SP or HP for specific membership purposes though. I do know that for credit score qualifications, they pull FICO Score 2 (not Score 8), using EX.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 19:21:23 GMT

Any Unify members that have received credit limit increases on their credit cards know if you have to show paystubs/bank statements on every CLI or just upfront to get approved for the cards? Someone needs to start a long term Unify/Western thread showing all the approvals and CLI approvals like what Ballerina has done on PenFed. Unify is hidden credit union gem with those 4.99% credit card rates and two credit cards they offer go up to $50,000 credit limits!

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

baller4life — Fri, 19 Aug 2016 19:22:43 GMT

Well I nominate you CL to start the thread in Applications mister. 😎

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 19:27:04 GMT

Negative Ghost Rider we need someone that actually is a Unify member and who has at least a savings/checking account and a credit or PLOC with them.

If I apply with them in 11 days and get approved for a CC I pinky swear promise I'll manage the long term thread on them.

We won't be as sexy or popular as your PenFed thread Ballerina, but what we'll lack in credit union sexiness we'll make up in sarcasm, wit, and charm baby.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Fri, 19 Aug 2016 19:31:13 GMT

@Anonymous wrote:
Any Unify members that have received credit limit increases on their credit cards know if you have to show paystubs/bank statements on every CLI or just upfront to get approved for the cards? Someone needs to start a long term Unify/Western thread showing all the approvals and CLI approvals like what Ballerina has done on PenFed. Unify is hidden credit union gem with those 4.99% credit card rates and two credit cards they offer go up to $50,000 credit limits!

IME, I believe so -- when I first apped and was given the Classic VISA, they asked for a scanned copy of my paystub (but not my bank statement tho I believe). They did the same when I later upgraded my Classic VISA to a Gold VISA.

ETA: sorry, not sure about if they need paystubs for every CLI or not

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 19:32:02 GMT

WOW! This credit union makes ultra-conservative look like Evil Knieval! I have never heard of any bank/credit union ever ask for paystubs/bank statements on CLI requests.

I'm going to email them today hopefully about self-employed and 1099 employees to see if 1-2 months bank statements will suffice for income verification.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

galahad15 — Fri, 19 Aug 2016 19:36:47 GMT

@Anonymous wrote:
WOW! This credit union makes ultra-conservative look like Evil Knieval! I have never heard of any bank/credit union ever ask for paystubs/bank statements on CLI requests.

I'm going to email them today hopefully about self-employed and 1099 employees to see if 1-2 months bank statements will suffice for income verification.

Sorry my fault, I may have accidentally misread the question on first glance, when I read it -- they asked for my paystubs when apping, and then later I was given a CLI at the same time when I upgraded to VISA Gold where I also had to provide a paystub, but I am not really sure if they necessarily need a paystub for every CLI though? Again my apologies, for the confusion on my part there when answering your earlier question.

Re: Update: Unify CU CSR mentioned that go-interest rate is actually 12.5%, not 8.5% as cited earlie

Anonymous — Fri, 19 Aug 2016 19:37:56 GMT

Ok, then we need a sacrificial Unify lamb member to go ask for a CLI on a credit card to see if you have to prove income again with them.

Any takers?

Don't be shy, grab the Unify glory!