SF Fire Credit Union credit card = best Visa around?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Crashem
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SF Fire Credit Union credit card = best Visa around?

Postby Crashem » Sat Apr 07, 2012 5:10 pm

Joined SF Fire Credit Union recently. I have noticed CU's return their "profits" to their members in various ways. Some give great CD rates or loan rates. Seems like this CU returned "profits" in a no fee checking account including unlimited ATM surcharge rebates.

But noticed their VISA looked pretty amazing too. BTW, never been through the approval process for a VISA with a CU but I was impressed. It was much more personal and for people having credit issues, you have a chance to directly explain to the underwriter what is going on. They seemed to take FICO score only in determining borrowing rate.

In any case, you decide if this VISA credit card looks amazing:

  • Basically there are no fees aside from $15 late payment. No foreign transaction fee, no balance transfer fee, no cash advance fee, no over the limit fee, no annual fee. Rewards program that basically does 1% cash back at worse (not sure how much better with airline miles etc.).
  • The interest rate is freaking low. Something like Prime + X% depending on credit. For 720 FICO, you get their best rate which was sub 8%. 680 was sub 9%. This wasn't an intro rate but your regular rate. With the no cash advance fee, you can easily BT by getting cash advance and giving money to current card.
  • Here is the bad part. SF Fire Credit Union is only open to firefighters or those living/working/worshipping in San Francisco, and relatives of members. But I would encourage those qualifying to look into it.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k


DavidNY
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Postby DavidNY » Sat Apr 07, 2012 11:18 pm

If one carries a balance it seems worth a look for the low APR, but if one pays in full monthly I don't see a benefit compared with, say, a BofA card.

Crashem
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Postby Crashem » Sun Apr 08, 2012 12:55 am

No BT fee, No foreign transaction fee, no annual fee. Same rewards
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

DavidNY
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Postby DavidNY » Sun Apr 08, 2012 12:31 pm

Crashem wrote:No BT fee, No foreign transaction fee


Cool. What about rewards?

Crashem
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Postby Crashem » Sun Apr 08, 2012 1:49 pm

Rewards program. you get points at 1 to 1. I know you can get 1% cash back in your account monthly with points. There are other options including airline miles but can't comment on it yet. Don't think rewards is exceptional but pretty competitive. Given the lack of fees with rewards is what makes it interesting
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k



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