Update at the end.
Hi all-
I was looking for a card that started off with a 0% introductory APR and a solid variable APR based on the Prime Rate. I qualify for this Credit Union (General Electric Credit Union) as a former employee of GE and as an Ohio resident. I saw that APR's ranged from 7.24% - 13.24% after the introductory 12 months (0% APR) and figured I'd pull the trigger after checking out all the CU's in my area.
I have tons of new accounts & inquiries and was hesitant to even try, but they approved me for $15,000 SL (WOOO!) with an APR of 9.49% after the introductory period of 12 months (definitely the lowest APR I've ever received). I thought it would stay a Visa Classic no matter what but given that line, it said I was approved for the Visa Signature. Not interested in rewards at all for this one...
I am going to be BT'ing the remaining CC debt I have ($15,000) to this in chunks (while keeping util on the card below 30%) and paying it off aggressively. Woohoo!
DP below, though I'd imagine this CU is pretty restrictive to the entire forum...
Scores are updated as of today.
INQ: A LOT, LOT, LOT in the past week. Been on a little spree.
New accounts: Again, a LOT in the past week.
Highest limit: $50,000 (Bank of America Cash Rewards VS)
No notifications from MyFICO or any of the bureaus as to what they've pulled yet.
Income of $82,000 at age 31
Outside of a SERIOUS DEROGATORY for defaulting on my student loans in 2015, I've got nothing bad on my credit report.
Overall CL util: 7%
UPDATE 5/7/21:
Some awesome news. Not ONLY did they approve me with a $15k SL, the relationship manager reached out and requested paystubs. Of course I obliged and sent over other "net worth stuff" and they approved me with the lowest APR--7.24%.
- They pulled EQ for the card. Once I get the notice in the mail, I'll let you know which score.
Hope this helps some folks who are associated with General Electric (GE) or live in Ohio!
What I use (& strongly recommend): Chase Sapphire Reserve | BofA/ML (Premium Rewards VS, Cash Rewards VS, Merrill+ VS) | AmEx (Amazon Prime Business)
What I have: NFCU | PenFed | General Electric CU | Wright Patt CU | Discover | BBVA | Apple Card (GS)
Total CL with Bank of America = $100,000 (Platinum Honors Merrill Client). I am a CERTIFIED FINANCIAL PLANNER™ practitioner, so feel free to message me if you have any planning/credit questions.
EQ 759, EX 765, TU 771 (06/10/2022)
I started with scores in the 400s in 2016. This forum is a Godsend--focus on the journey, be patient, and you'll definitely get there no matter the circumstances!
Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677 
Carry on.
