dfm990 wrote:Ive been thinking of joining one... but i wouldnt know how to go about it really i here that you have to get a savings or checkings account. but i already have those at BoA, all i really want a credit card, to increase more score, and gradually gain their trust so they higher my limits... would i have to open those type of accounts and just keep them open to apply for a card?
You may join many credit unions just based on where you live or work. It looks like you are in Miami. Check out Tropical Financial CU. I believe the only requirement is that you live in Dade County (I still can't believe they renamed it Miami Dade County). They offer a pretty solid credit card.
With a credit union, you are a member and part owner. As such, you have to have the minimum amount in your Share account (credit union speak for Savings; Share Draft is checking) to maintain your membership. Tropical Financial requires $25. So as long as you have the $25 in your Share account, you are a member and you may apply for any other products you want. You do not have to have a CD or a checking account. And once you are a member, you are a member for life even if you move to a different state.
A local credit union like Tropical Financial can also be beneficial as you can walk into their branches and talk face to face with a loan specialist. There is also Dade County Federal CU and Miami Federal CU (hardest to join I believe as it is for government employees). I believe you can even join Space Coast Credit Union. Do some research to see which ones offer the best rates for what you are looking for. I personally belong to three credit unions so there is no real limit to how many you can join. But in your situation you may want to go with one for now that you can build a relationship with.
Credit unions are moutwateringly hot so says I. Let us know which one you choose. Keep in mind because of the Patriot Act, all credit unions/banks will pull a bureau for joining, so you might as well take that opportunity to apply for a card (most CU's will use the inquiry for membership for the credit card app). Best to go in person and speak to someone about your chances of approval for the card before you decide.