Centra Credit Union Pre Approved Offer Insight

[Anonymous]

I received this pre approval mailer from Centra Credit Union where I have my car loan. Does anyone have insight or experience with Centra? What are thoughts on card?

Thanks!

[Anonymous]

LOL... reading the subject line the name "Centra Credit Union" rang a bell. Then I remembered that I had an auto loan with them back in 1997 when I lived/worked in Columbus, Indiana.

[Anonymous]

Card actually looks fairly decent. I was originally put off by the "10 day grace period" they advertise on the website and had made an entire draft of a post before I thought something was off and dug up the disclosure. It's actually a 10 day *late payment* grace period where you won't be counted as late and assessed their fee until you're 10 days late. 

Regular APRs range from 8.99-14.25% which is not bad but beware they charge 2% for BTs after 60 days ($10 cap), 2% on cash advances ($10 cap), and 1% FTF ($10 cap). 

http://marketing.centra.org/acton/attachment/10773/f-011e/1/-/-/-/-/centra-cc-disclosures.pdf

[Anonymous]

Thank you so much for the review. So the offer is for the lowest or next to lowest apr that they disclose...I was wondering if there was something here that I was not seeing as I never get any pre approvals and lately have been bombarded by Citibank (sometimes 2x a day) and then this came...

My journey started about 2 years ago from mid 500's with two collections and a secured card with Capitol One to now mid 700's no baddies and pre approvals like this and looking to add NFCU Flagship to open credit line of $44k. I owe all of that to MF and people such as yourself! Thank you!