General Electric Credit Union The Classic Card Review

This is a credit card issued by General Electric Credit Union. If you're wondering whether General Electric Credit Union The Classic Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. General Electric Credit Union The Classic Card has a variable purchase APR that ranges from 7.24% up to 13.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. General Electric Credit Union The Classic Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1.5% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Does General Electric Credit Union The Classic Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the General Electric Credit Union The Classic Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Travel Accident Insurance
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for General Electric Credit Union The Classic Card?

It has a variable purchase APR that ranges from 7.24% up to 13.24%. The card has a variable balance transfer APR that ranges from 7.24% up to 13.24%. It also has a variable cash advance APR that ranges from 7.24% up to 13.24%. Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for General Electric Credit Union The Classic Card?

The following fees apply:

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does General Electric Credit Union The Classic Card report your account activity to credit bureaus?

Yes, General Electric Credit Union The Classic Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for General Electric Credit Union The Classic Card

• Visit the General Electric Credit Union The Classic Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.