A Bonus? For Me?
Monday, October 26th, 2009
What do you get for the family member or friend who has everything? How about a savings of 0.25% on an auto or personal loan interest rate or a 0.25% increase in the interest rate on a certificate? With the GHCU PurplePoints program, you can gift some of your acquired PurplePoints to friends or relatives and put (or keep) some money in their pocket.
PurplePoints are the gift that keeps on giving: just 2,500 Points can decrease an auto loan by a quarter percent for the lifetime of the loan. Or, with 2,500 Points, a member can increase the interest rate on any certificate by a quarter-point. Over time, those extra savings or increased returns can really add up!
It’s easy to give the gift of Purple—just call us at 206-298-9394 or 800-562-5515 and provide us with the recipient member’s name and the number of points you’d like to gift. There’s no limit to how many PurplePoints you can give away or to whom (except that they must also be GHCU members), so spread the wealth around this holiday season!
1Annual Percentage Rate
2Some restrictions apply. PurplePoints are not applicable to first mortgages or home equity line of credit loans.
Is there a way I can use the purple points to lower my credit card interest rate?
Maco,
Thanks for the excellent question. I’m afraid PurplePoints cannot be used to affect your credit card interest rate. Other personal loans (excluding mortgages and home equity lines of credit) may be eligible for PurplePoints adjustments, however; contact your branch for more information: 206-298-9394.
Again, thanks for a great question!
Shannon