General Electric Credit Union Visa Signature Credit Card

General Electric Credit Union Visa Signature Credit Card Review

This is a rewards card issued by General Electric Credit Union. If you're wondering whether General Electric Credit Union Visa Signature Credit Card is the right card for you, read on.

Key Takeaways

• 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.
• Signup bonus. Offers a signup bonus of 20000 points after spending $2,500 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. General Electric Credit Union Visa Signature Credit Card has a variable purchase APR that ranges from 13.74% up to 18.00%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. General Electric Credit Union Visa Signature Credit 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.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, identity theft protection, price protection, purchase protection, travel accident insurance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 680.

Pros & Cons of General Electric Credit Union Visa Signature Credit Card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 13.74% up to 18.00%. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Identity Theft Protection. Travel accident insurance. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. General Electric Credit Union Visa Signature Credit Card reports to multiple credit bureaus.

You need good credit to qualify. Charges a 3% balance transfer fee.

General Electric Credit Union Visa Signature Credit Card FAQ

Does General Electric Credit Union Visa Signature Credit Card have a cash back or rewards program?

General Electric Credit Union Visa Signature Credit Card is a rewards card.

General Electric Credit Union Visa Signature Credit Card Rewards

Minimum rewards rate	2x
Max rewards rate	2x
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	20000
Signup Bonus Spend Requirement	$2500
Signup Bonus Spend Period (months)	3 months

What are the General Electric Credit Union Visa Signature Credit Card benefits?

It provides the following benefits:

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

What are the relevant APRs for General Electric Credit Union Visa Signature Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

General Electric Credit Union Visa Signature Credit Card has a variable purchase APR that ranges from 13.74% up to 18.00%. The card has a variable balance transfer APR that ranges from 13.74% up to 18.00%. It also has a variable cash advance APR that ranges from 13.74% up to 18.00%. 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 Visa Signature Credit Card?

The following fees apply:

General Electric Credit Union Visa Signature Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$32
Late Payment Fee	up to $32

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

Does General Electric Credit Union Visa Signature Credit Card report your account activity to credit bureaus?

Yes, General Electric Credit Union Visa Signature Credit 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 Visa Signature Credit Card

• Visit the General Electric Credit Union Visa Signature Credit 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.