topic Re: Credit Union Rewards CC in Credit Cards

Shell Federal Credit Union CC

chaveza27 — Tue, 07 Oct 2014 16:15:31 GMT

My Credit Union offers a Rewards MasterCard Credit Card for scores over 680 with a $25 annual fee, 2.99% for first 12 months, then an APR between 7-14% after the intro rate. Credit line is at least $3000.

I only have one other card but thinking about getting this to increase my available credit

Apply or pass?

Re: Shell Federal Credit Union CC

Anonymous — Tue, 07 Oct 2014 16:18:30 GMT

That depends, do you need it? Will it fit your profile and will you use it?

Re: Shell Federal Credit Union CC

chaveza27 — Tue, 07 Oct 2014 16:25:09 GMT

I don't "Need" it but I could use the increase in available credit to possibly increase my score and decrease credit utilization.

Re: Shell Federal Credit Union CC

1GaDawg85 — Tue, 07 Oct 2014 16:43:08 GMT

i wouldnt pay an AF for that card

Re: Shell Federal Credit Union CC

chaveza27 — Tue, 07 Oct 2014 16:59:15 GMT

Another reason is they wouldn't have to pull my credit because they already have a report that's less than 90 days old.

Re: Shell Federal Credit Union CC

Anonymous — Tue, 07 Oct 2014 17:20:29 GMT

@chaveza27 wrote:
Another reason is they wouldn't have to pull my credit because they already have a report that's less than 90 days old.

But then you get stuck with a card that has an AF next year that a) doesn't sound like you need, and b) isn't that great. (7% would be good, 14% not good).

If you really want to increase your credit, I would just apply for a better card without an AF that suits your goals and spending.

Re: Shell Federal Credit Union CC

Themanwhocan — Tue, 07 Oct 2014 22:17:10 GMT

@chaveza27 wrote:
My Credit Union offers a Rewards MasterCard Credit Card for scores over 680 with a $25 annual fee, 2.99% for first 12 months, then an APR between 7-14% after the intro rate. Credit line is at least $3000.

I only have one other card but thinking about getting this to increase my available credit

Apply or pass?

Pass. But what did they claim your FICO score was?

Re: Credit Union Rewards CC

chaveza27 — Wed, 08 Oct 2014 02:52:39 GMT

689 EQ

Re: Shell Federal Credit Union CC

Anonymous — Wed, 08 Oct 2014 04:30:59 GMT

I would pass on this. Plenty of lenders are offering much better rewards with no annual fee. I personally do not have and will not get any annual fee card unless I start traveling more for work.