How do you build relationships with FIs for ULOCs?
I’m starting out building my available credit & planning to apply for some ULOCs in a few months to all FIs I can think of to that end. Figured I might as well apply to all of them since the credit hit is minimized if I do it all within the period of 2 weeks.
Would people here recommend accepting all offers even if the rates are like Prime +5%+, as long as there’s no opportunity cost with fees?
And what are some reputable FIs who want you to have some sort of relationship with them to approve the ULOC?
Like a lot of people, I don’t do daily banking with the big 6 - with Tangerine for that currently. But maybe I should open those free savings accounts with them and keep $10 in them for the sake of relationship building for the ULOC approval? What are some techniques people here use to maintain a relationship? Maybe credit cards at each FI?
Would people here recommend accepting all offers even if the rates are like Prime +5%+, as long as there’s no opportunity cost with fees?
And what are some reputable FIs who want you to have some sort of relationship with them to approve the ULOC?
Like a lot of people, I don’t do daily banking with the big 6 - with Tangerine for that currently. But maybe I should open those free savings accounts with them and keep $10 in them for the sake of relationship building for the ULOC approval? What are some techniques people here use to maintain a relationship? Maybe credit cards at each FI?
