COVID-19 Response

Beginning Monday, May 18th, all Listerhill branch lobbies will resume service during normal business hours, but with limited capacity. Read more...

Spilling Coins Cropped

What You Can Do With Your Loan's 1.5% Cash Giveback

See our tips for saving extra money you get just by financing a loan with Listerhill.

So you got that loan at Listerhill at a great rate, which is going to save you money over the life of the loan. You’re psyched! 

Then the Member Advocate informs you that you’re getting cash back. “Cash back for what?” you ask. You then hear that Listerhill is giving 1.5% cash back for all auto, personal, and recreation loans for a limited time. That debt consolidation loan not only saved you a bundle each month, but it also just yielded a deposit straight to your account. Wait, is that right?

A text notification from Listerhill informs you that the money has been deposited into your account. A quick look at Listerhill Mobile confirms it. Awesome!

So now you’re ready to go on a shopping spree! Not so fast.

In today’s topsy-turvy economy, getting a surprise burst of moula is no longer the instant trip to Tunica it used to be. There are some considerations you want to make to show you are still the captain of your financial ship and the master of your money domain.

Here are a few quick tips that might help you prioritize your sudden cash influx:

Check Yo’ Debt

You weren’t counting on this extra cash, but like death and taxes, bills always seem to be certain. And even though many companies are extending payment windows and offering help with those who might suddenly be struggling, it’s always best to pay what you can when you can. This extra cash could help you stay current or catch up on a payment that can help boost your credit. Paying down your debt will also help you get out from under it sooner.

Save For a Rainy Stormy Day

Admit it – you weren’t counting on this money suddenly appearing in your account. And while you might feel secure in your “essential” job today, you might also realize that you’re one more pandemic away from being in financial straits. Sure, your cash back amount won’t get you the penthouse at the Four Seasons, but it could mean the difference between you having the essentials for a couple more weeks and having to go without. Open a secondary savings account and mark it “Emergency Fund.” 

Give Back The Giveback

So you’re not hurting for cash and you’ve got plenty saved up – at least enough to take care of 3-6 months of expenses. Great job! But even if you don’t have a stockpile of cash, there’s nothing more fulfilling than being able to help someone or support an organization whose mission is helping people. In these times, we might be able to purpose some of that cash giveback in a way that changes someone else’s life. Consider using your blessing to be a blessing and you’ll see more givebacks than you thought possible.

Maybe you have your own ideas for ways to use your Listerhill cash back! We would love it if you share your ideas and use the hashtag #myloangiveback on your Facebook, Instagram, or Twitter account!

Acceptable: “I am putting half of my giveback into my son’s education fund, donating part of it to charity, and using the rest to buy my family takeout tonight!”

Probably Not Acceptable: “I am buying my mother-in-law a one-way ticket to Antarctica."

Click here to learn more about Loans That Pay You Back. 

default icon for Solution Finder Intro
What can we help you with?
default icon for Checking For Mature Members
What are you borrowing for?
default icon for Checking For Mature Members
Vehicle Options
default icon for Checking For Mature Members
Home Options
default icon for Carrolls
What are you saving for?
default icon for Carrolls
How old are your kids?
default icon for Cord
Which of these banking options are you interested in?
default icon for Cord
How old are you (or your child)?
default icon for Cord
Are you a UNA student?
default icon for Cord
What do you want to do?
default icon for Cord
What do you want to do?
default icon for Cord
What do you want to do?
default icon for Cord
What do you want to do?
default icon for Cord
How old are you?
search popup background

What are you looking for?

Common Links

Frequently Asked Questions

  • What can I expect in regard to credit limit?

    The credit limit on your Listerhill business credit card will be dictated by numerous factors, including your current debt-to-income ratio. Although there is no single answer to this question, it is worth noting that small business owners in 2016 had a median total credit limit of $56,100 across all of their credit cards. If you are concerned about the credit limit you are granted, our account representatives are here to provide you with assistance. 

    Your credit limit may also be affected by your personal credit score. If your FICO score is below a certain threshold, you could find yourself with a lower credit limit than you would like. The good news is that there are many steps you can take to improve your FICO rating, ultimately increasing your credit limit over time.

  • Will my personal credit be impacted?

    Generally, business owners’ personal credit scores are not affected by business credit card applications. Talk to your Listerhill Credit Union representative if you have any questions regarding your personal credit score and how it could be impacted. 

    It is important to note that if your Listerhill business credit card activity does appear on your personal credit report, there will be no differentiation between the two. In other words, business expenditures will be treated the same as personal purchases by the credit bureaus. Thus, it is crucially important to keep your new business Visa in good standing.

  • Why should I choose the Listerhill Business Credit Card?

    We know you have a lot of choices when it comes to applying for a business credit card. At Listerhill Credit Union, we take pride in providing our clients with more benefits than they can count! First and foremost, you will have access to the best customer service in the industry. You are more than a number to us and we will always be here to provide you with the assistance you need.

    We also provide our clients with peace of mind if their Visa cards become lost or stolen. Whether you drop your card while running errands locally or it gets stolen on an overseas business trip, our team is here to make sure you are taken care of. 

    Finally, the advantages of the Listerhill Business Visa itself are worth the application. Our rates and fees will always remain competitive, so you can trust you’re never paying too much for your business expenses. You will also earn the aforementioned rewards on eligible purchases every time you use your card.

  • When can I apply?
    • Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders. 
    • Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
  • Who can apply?

    All businesses - including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors - with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries.