topic Re: Abound CU Platinum Visa in Credit Cards

Abound CU Platinum Visa

Beast26 — Tue, 01 Jun 2021 15:31:34 GMT

How are the starting lines on this card? Is it still $2500 for people outside their state? I've read that one guy had his account closed after a year with no negatives due to the credit union not liking the fact that the person aquired too much new credit. Just wondering if anybody else with the card experienced this? Trying to decide between this and the PNC Cash rewards.

Re: Abound CU Platinum Visa

batsy71 — Tue, 01 Jun 2021 17:05:28 GMT

Iv had Abound CU (previously FKFCU) for now maybe 5 yrs or so. I applied and approved from out of state. Never lived in their geography. My original credit limit was 2.5k or 5k (cant remember). Last year asked for credit increase from out of state and they increased it to 10k.

Re: Abound CU Platinum Visa

Beast26 — Tue, 01 Jun 2021 17:12:41 GMT

Have you had any problems with the credit union in any way? Do you have to show some kind of activity with their checking or savings account to keep the card open?

Re: Abound CU Platinum Visa

TheBoondocks — Tue, 01 Jun 2021 17:49:24 GMT

Hey bro, I've read that too and I'm still waiting on PNC to finish to conversion with BBVA. I'm going to get the PNC Cash Rewards. It sucks that you gotta wait for it to hit $25 but whatever. Gotta take a loss of $125/y tho. I heard a lot of good reviews about PNC. $625; 4% instead of $500; 5%, not too much of a difference compared to $833 at 3%

Re: Abound CU Platinum Visa

Beast26 — Tue, 01 Jun 2021 18:19:44 GMT

What conversion is PNC doing I haven't heard of that before. I would be losing about $15 per year if I chose PNC over a 5% card which isn't much but something. Unless another 5% card comes out before december I may get the PNC but I'd rather have a 5% gas card. Discover and Chase covers Gas for half the year and I don't want to keep buying gift cards for gas for 6 months a year. Technically these 2 cards cover my gas for the whole year but buying gift cards can be a hassle sometimes. I don't want to be 65 years old still hustling for gift cards to save on gas for specific stores.

Re: Abound CU Platinum Visa

batsy71 — Tue, 01 Jun 2021 22:19:42 GMT

> Have you had any problems with the credit union in any way? Do you have to show some kind of activity with their checking or savings account to keep the card open?

On that front, the CU has been pretty nice to me. I have little activity on their checkings/savings. it probably has close to the minimum balance sitting on it for years. My only major activity is using the card monthly for gas purchases and auto-pay it from an external CU and likewise the CU has never bothered me about any of my accounts. The only hassle I have faced is my online logins not working occasionally, especially around the time they tranisitoned their website from FKFCU to Abound CU and me having to call to recover log in credentials.

Re: Abound CU Platinum Visa

Beast26 — Tue, 01 Jun 2021 22:39:07 GMT

You just gave me good info on the card. I may just wait and get this instead of PNC. I'm trying to get every category 5% and I Know having a 4% gas card would bother me lol Also the extra rotating category would be a bonus that would probably offset not having a sign up bonus.

Re: Abound CU Platinum Visa

batsy71 — Wed, 02 Jun 2021 20:39:11 GMT

> I may just wait and get this instead of PNC.

Just do some search on their app approval chances, especially if you are out of state. From what I remember, recently someone posted either in this forum or DoC that they have stopped accepting apps from out of their geography. Also 5-6 yrs ago, when I had applied, they had this weird requirement for me to send them a scan of my SSN card (yea just providing my SSN number wasnt enough) they prolly thought I was an illegal or something due to my name or something lol. i felt weird as no bank has ever asked me for a scan of my SSN card, but I obliged as the reward was getting 5% discount on gas for life

Re: Abound CU Platinum Visa

coldfusion — Wed, 02 Jun 2021 20:54:15 GMT

@batsy71 wrote:
> I may just wait and get this instead of PNC.

Just do some search on their app approval chances, especially if you are out of state. From what I remember, recently someone posted either in this forum or DoC that they have stopped accepting apps from out of their geography. Also 5-6 yrs ago, when I had applied, they had this weird requirement for me to send them a scan of my SSN card (yea just providing my SSN number wasnt enough) they prolly thought I was an illegal or something due to my name or something lol. i felt weird as no bank has ever asked me for a scan of my SSN card, but I obliged as the reward was getting 5% discount on gas for life

The requirement to provide a scan or photo of your Social Security card is pretty typical nowadays when applying online for credit union membership.

Re: Abound CU Platinum Visa

Beast26 — Wed, 02 Jun 2021 21:10:07 GMT

It is very hard finding recent info on this card. If you find something solid saying they stopped accepting out of state apps let me know.

Re: Abound CU Platinum Visa

DataPoint — Thu, 03 Jun 2021 20:04:10 GMT

Abound confirms that proximity to Kentucky is still no longer a requirement to applying for membership - I happened to have the same question and called them earlier today.

Re: Abound CU Platinum Visa

Taurus22 — Tue, 03 Aug 2021 01:47:37 GMT

I hadn't checked out this CU in a while since they converted from Fort Knox to Abound. Went to the website and found they still carry their 5% Gas Platinum card. It's always in the back of my mind.....what will I do if FNBO ever discontinues the grandfathered Ducks UNL card? PNC has been on my radar as a potential @ 4% as well....

But after looking at the card again, I noticed this:

Since this is stating valid July 1 - Sept 30, this seems to infer QTR 3 of a rotating schedule. Having a rotating schedule on top of the 5% Gas would make this a very intriguing card. I was hoping maybe some Abound members could chime in and verify if this IS what it looks like? If so, what bonuses do the other QTR's offer?

The checking/savings products aren't really anything to sneeze at, but a (5% Gas + Rotator) CC might merit parking some small amounts just for that benefit. The CU is also in the Co-Op network and evidently still accepts out-of-state membership, from previous posts.

I know @batsy71 and @Rockysocks are current members, maybe they could shed some light?.....and if anyone else is a member or has any info, it would be greatly appreciated....

Re: Abound CU Platinum Visa

batsy71 — Tue, 03 Aug 2021 01:57:34 GMT

Weirdly, I did not receive any email notifications about this. I dug through my emails to check and found one offer from them in Oct 2020, when they gave 5% cash back on Amazon from Oct 13-14.

Besides that, they once offered complimentary ID Navigator Powered by NortonLifeLock service around Feb 2021.

I also checked my last cc statement and checked through my abound online portal and found no signs or notifications of quarterly categories.

If they offer a permanent quarterly 5% rotator category that would be pretty solid. We can only wait and watch.

Re: Abound CU Platinum Visa

Taurus22 — Tue, 03 Aug 2021 02:21:51 GMT

Thanks for the feedback @batsy71 . If you happen to get anymore information from the CU on this, please let us know. I am very intrigued.

Re: Abound CU Platinum Visa

Taurus22 — Tue, 03 Aug 2021 02:51:39 GMT

It also shows this:

"Periodic rotation of additional cash back specials" ......this really looks like they are adding Rotators. This could be a really big thing...

Re: Abound CU Platinum Visa

Rockysocks — Tue, 03 Aug 2021 02:57:32 GMT

Sorry I'm late!! I first saw those extra offers in Q4 of 2020. I've seen them for restaurants, home improvement, and, I think, summer outdoor activities like camping and amusement parks. I never knew they started the extra offerings until I stumbled upon it.

Re: Abound CU Platinum Visa

Taurus22 — Tue, 03 Aug 2021 03:00:49 GMT

@Rockysocks Wow. So this looks to be a permanent rotation then? I can see this taking off as one of the top Gas cards now.

Re: Abound CU Platinum Visa

Rockysocks — Tue, 03 Aug 2021 03:05:48 GMT

Yup, so far they've had a solid extra offer every quarter! I don't think they want to make it really official with advertisements and such just so they can as quietly end the program if unprofitable. I'm not complaining while it lasts lol.

Re: Abound CU Platinum Visa

Taurus22 — Tue, 03 Aug 2021 03:15:28 GMT

@Rockysocks This is very similar to the Affinity FCU card....Affinity's card has (5% Amazon & Bookstores + 5% Rotating Categories)....and I wonder if it's the next evolution in CU-based CC's. (5% Fixed category + 5% Rotating)

And with most CU's being member-owned, they are able to offer cards like this because they are somewhat less profit-based than the big banks. It's working for AOD, Affinity, US Alliance and others. And I would imagine the myFICO wave for each CU has certainly boosted their ability to maintain it.

I'm keeping my eye on this.... Thanks for the feedback @Rockysocks

Re: Abound CU Platinum Visa

Rockysocks — Tue, 03 Aug 2021 03:20:27 GMT

You're welcome!!!