topic Re: Discussion on First Tech Credit Union.... in Credit Cards

First Tech Credit Union $100,000 limit

sladesurfer — Sat, 22 May 2021 18:54:21 GMT

Anyone familiar with First Tech Credit Union? They Have a nice credit card line up and one of them Goes up to $100,000

https://www.firsttechfed.com/

Re: First Tech Credit Union $100,000 limit

Anonymous — Fri, 21 Aug 2020 04:08:25 GMT

Secured card can go up to 25K? That must be the highest ever I seen. But for the one that can go up to 100k, I must be dreaming!

Re: First Tech Credit Union $100,000 limit

sladesurfer — Fri, 21 Aug 2020 04:12:40 GMT

@Anonymous wrote:
Secured card can go up to 25K? That must be the highest ever I seen. But for the one that can go up to 100k, I must be dreaming!

Yeah, Minimum of $25,000 lol

Re: First Tech Credit Union $100,000 limit

digitek — Fri, 21 Aug 2020 04:18:12 GMT

From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.

Re: First Tech Credit Union $100,000 limit

wasCB14 — Fri, 21 Aug 2020 04:24:04 GMT

@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.

...and they do require POI on CC apps.

Re: First Tech Credit Union $100,000 limit

Azza — Fri, 21 Aug 2020 04:52:06 GMT

Yo I live in Portland! I have a First Tech down the street from my house I've seen that card. It's neat, but it doesn't have anything super worthwhile for me to justify that annual fee.

FTFCU is a great business, though. Check out their cards!

Re: First Tech Credit Union $100,000 limit

sladesurfer — Fri, 21 Aug 2020 04:59:50 GMT

@Azza wrote:
Yo I live in Portland! I have a First Tech down the street from my house I've seen that card. It's neat, but it doesn't have anything super worthwhile for me to justify that annual fee.

FTFCU is a great business, though. Check out their cards!

$75 Annual Fee for their highest card. What type of benefits do i get from World Elite Card and is it worth $75 annually? Maybe the $100k Credit limit

Re: First Tech Credit Union $100,000 limit

Azza — Fri, 21 Aug 2020 05:10:33 GMT

@sladesurfer wrote:
@Azza wrote:
Yo I live in Portland! I have a First Tech down the street from my house I've seen that card. It's neat, but it doesn't have anything super worthwhile for me to justify that annual fee.

FTFCU is a great business, though. Check out their cards!
$75 Annual Fee for their highest card. What type of benefits do i get from World Elite Card and is it worth $75 annually? Maybe the $100k Credit limit

You would have to read up on it. World Elite is really targeted at travelers. If you travel frequently then it might be worth your while! World Elite is to MC what Infinite is to Visa. I personally wouldn't get much mileage out of the card, but it would be a nice, low cost option to slot in my wallet for travel after I'm out of the garden!

Re: First Tech Credit Union $100,000 limit

coldfusion — Fri, 21 Aug 2020 05:23:27 GMT

@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.

If your total CL across all cards is greater than about $200-250K you're outside of their target demographic and being approved for membership is tough.

Re: First Tech Credit Union $100,000 limit

wasCB14 — Fri, 21 Aug 2020 05:25:10 GMT

@Azza wrote:
@sladesurfer wrote:
@Azza wrote:
Yo I live in Portland! I have a First Tech down the street from my house I've seen that card. It's neat, but it doesn't have anything super worthwhile for me to justify that annual fee.

FTFCU is a great business, though. Check out their cards!
$75 Annual Fee for their highest card. What type of benefits do i get from World Elite Card and is it worth $75 annually? Maybe the $100k Credit limit
You would have to read up on it. World Elite is really targeted at travelers. If you travel frequently then it might be worth your while! World Elite is to MC what Infinite is to Visa. I personally wouldn't get much mileage out of the card, but it would be a nice, low cost option to slot in my wallet for travel after I'm out of the garden!

Odyssey can give discounts at some merchants, but there are generally a lot of other ways to get such discounts, and the same discounts are ususally available on no-AF WEMC cards. I know I wouldn't pay an AF for Odyssey.

I applied for Choice Rewards three years ago to have just a basic primary Chip and PIN card. I passed the underwriting and was tentatively approved for $20k at their lowest APR, but I had just moved and they rejected my membership on proof of identity grounds.

Re: First Tech Credit Union $100,000 limit

coldfusion — Fri, 21 Aug 2020 05:28:08 GMT

@Azza wrote:
@sladesurfer wrote:
@Azza wrote:
Yo I live in Portland! I have a First Tech down the street from my house I've seen that card. It's neat, but it doesn't have anything super worthwhile for me to justify that annual fee.

FTFCU is a great business, though. Check out their cards!
$75 Annual Fee for their highest card. What type of benefits do i get from World Elite Card and is it worth $75 annually? Maybe the $100k Credit limit
You would have to read up on it. World Elite is really targeted at travelers. If you travel frequently then it might be worth your while! World Elite is to MC what Infinite is to Visa. I personally wouldn't get much mileage out of the card, but it would be a nice, low cost option to slot in my wallet for travel after I'm out of the garden!

World Elite is the Top Tier Mastercard, but it isn't on a par with a Visa Infinite in the US.

One also has to look carefully at the actual benefits being extended for any given World Elite Mastercard as a number of the perks are in fact optional. For a simple example look at the benefits offered by the Citi World Elite DoubleCash.

Re: First Tech Credit Union $100,000 limit

NRB525 — Fri, 21 Aug 2020 06:52:10 GMT

Two points on dining. Ok.

Boxed, Postmates and Shoprunner.

$75 AF. No mention of real travel benefits or lounge access.

But I guess the $100k potential CL might be a draw.

Re: First Tech Credit Union $100,000 limit

Revelate — Fri, 21 Aug 2020 09:39:13 GMT

@coldfusion wrote:
@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.
If your total CL across all cards is greater than about $200-250K you're outside of their target demographic and being approved for membership is tough.

Interesting, I didn't have an issue getting a card there a few years ago (2017) for C+P MasterCard for the win.

My own travel plans got cut short in a hurry when the company stopped their overseas office openings and I didn't make it to Europe anyway, but FirstTech for me has always been easy and fast and I like their UI, definitely one of the more modern CUs from a technology standpoint.

That said I went with their no frills card, I have no need for that size tradeline (think UNFCU offered up to 100k back in the day too) but I did max out their UW both in limit and APR.

Re: First Tech Credit Union $100,000 limit

coldfusion — Fri, 21 Aug 2020 10:46:21 GMT

@Revelate wrote:
@coldfusion wrote:
@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.
If your total CL across all cards is greater than about $200-250K you're outside of their target demographic and being approved for membership is tough.
Interesting, I didn't have an issue getting a card there a few years ago (2017) for C+P MasterCard for the win.

My own travel plans got cut short in a hurry when the company stopped their overseas office openings and I didn't make it to Europe anyway, but FirstTech for me has always been easy and fast and I like their UI, definitely one of the more modern CUs from a technology standpoint.

That said I went with their no frills card, I have no need for that size tradeline (think UNFCU offered up to 100k back in the day too) but I did max out their UW both in limit and APR.

UNFCU still has the $100K cap on their Elite. Mine isn't near that level but IIRC FinStar's is.

Re: First Tech Credit Union $100,000 limit

K-in-Boston — Fri, 21 Aug 2020 10:59:09 GMT

@NRB525 wrote:
Two points on dining. Ok.

Boxed, Postmates and Shoprunner.

$75 AF. No mention of real travel benefits or lounge access.

But I guess the $100k potential CL might be a draw.

On the other hand, there is also the entire portfolio of Bank of America cards which can have higher earnings and no annual fee (or an easy net negative AF on Premium Rewards) that I'd assume anyone qualifying for $100k on that card could likely qualify for with BOA (although perhaps it might need a few CLI requests). (Okay, $99,900; that last $100 is still a sore subject. 😂)

I was tentatively interested in getting the card and POI is no issue, but if they have an issue with massive TCLs I am severely out of luck.

Re: First Tech Credit Union $100,000 limit

calyx — Fri, 21 Aug 2020 13:57:47 GMT

@coldfusion wrote:
@Revelate wrote:
@coldfusion wrote:
@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.
If your total CL across all cards is greater than about $200-250K you're outside of their target demographic and being approved for membership is tough.
Interesting, I didn't have an issue getting a card there a few years ago (2017) for C+P MasterCard for the win.

My own travel plans got cut short in a hurry when the company stopped their overseas office openings and I didn't make it to Europe anyway, but FirstTech for me has always been easy and fast and I like their UI, definitely one of the more modern CUs from a technology standpoint.

That said I went with their no frills card, I have no need for that size tradeline (think UNFCU offered up to 100k back in the day too) but I did max out their UW both in limit and APR.
UNFCU still has the $100K cap on their Elite. Mine isn't near that level but IIRC FinStar's is.

SDFCU also has a $100K cap on their cards (though the Premium Cash back "only" has a 5k minimum), and theoretically their secured card goes to $100k as well (I asked while I had someone on the line back when, they said it could, but no one seems willing to deposit $100k for security on a card with few benefits - go fig ).

Re: First Tech Credit Union $100,000 limit

Anonymous — Fri, 21 Aug 2020 19:23:02 GMT

I think they are well aware that even non-management tech salaries (software engineers, specifically) can easily double when taking into account the annual vesting of RSUs. There are some scary high numbers on the west coast for TC (total compensation) that I would not believe if I did not know someone personally who was compensated in this way. My friend works for Google as an L5 senior SWE and his taxable income for the year as a single man was $315k.

Re: First Tech Credit Union $100,000 limit

NoMoreE46 — Fri, 21 Aug 2020 20:12:10 GMT

@digitek wrote:
From what I remember, First Tech Credit Union is all about that annual income. They kind of cater to high income members, which probably explains the really high credit limits on those cards. One of the very few Mastercards available in the US that can be had in true Chip + PIN.

High income. I need to find like a Sixth Tech CU then.....

Re: First Tech Credit Union $100,000 limit

Anonymous — Wed, 26 Aug 2020 13:30:39 GMT

First year free as well. For a $100k limit, it's not bad in my opinion..just for the fun of having a high limit haha

Re: First Tech Credit Union $100,000 limit

wasCB14 — Wed, 26 Aug 2020 15:55:20 GMT

@Anonymous wrote:
First year free as well. For a $100k limit, it's not bad in my opinion..just for the fun of having a high limit haha

Keep in mind that $100k is far from guaranteed!

We don't know exactly what income or history they require an applicant to have - or what other available credit would turn them away.

If someone has a clean profile and is willing to provide proof of a high income, it might be easier to reach $100k on an Amex revolver via a few 3x requests.