Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Cards
Profile Image

Question By

13 Contributions
3 People Helped
Is it wise to accept a credit card from your bank?
I have received an offer from my Credit Union for a very low interest rate 9.9% Visa card. It is not an introductory rate, it is permanent, and there is no annual fee, balance transfer fee or any other catch. Is there anything wrong with accepting this offer. Do these type of cards carry any kind of restriction I don't know about. Or does it negatively affect my credit with my bank if I am interested in a Home loan down the line?

I am thinking of getting it, and transferring my balances off of my higher interest rate card to it.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.