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Posts: 15,429
Registered: ‎10-07-2014
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Re: Xcel so called Pre-Approvals more like Pre-selected lol


Gmood1 wrote:
Andrews FCU seems to have their stuff together. They offer some great products and rates across the board. It's a SP on TU to join and all you need is a 720 FICO EX for the best rates. They were probably the fastest of all my CUs at getting my debit card and checks out.

Thanks!  They use FICO 8?  Usually require POI?

Senior Contributor
Posts: 3,340
Registered: ‎05-27-2015

Re: Xcel so called Pre-Approvals more like Pre-selected lol

I asked the CSR, she wasn't for sure what FICO score they used. My best guess is FICO 8. I haven't pulled the trigger on any of their products as yet. I've read mixed reviews on the PIO. For some reason they don't ask everyone who applies for their products.
FICO 8 Scores EQ=754 TU=779 EX=761 (INQ) EQ=19 TU=14 EX=18 TCL=$528,800
Moderator
Posts: 15,429
Registered: ‎10-07-2014

Re: Xcel so called Pre-Approvals more like Pre-selected lol


Gmood1 wrote:
I asked the CSR, she wasn't for sure what FICO score they used. My best guess is FICO 8. I haven't pulled the trigger on any of their products as yet. I've read mixed reviews on the PIO. For some reason they don't ask everyone who applies for their products.

I joined the ACC and waiting for their membership number to go ahead and join Andrews.  Might have to hit them up for something before too lonh.

Senior Contributor
Posts: 3,340
Registered: ‎05-27-2015

Re: Xcel so called Pre-Approvals more like Pre-selected lol

[ Edited ]

Thats great, did you use the code "consumer" to join for free? Once you join Andrews they'll pay your lifetime membership with ACC. They offer $100,000 limit CCs for the deep pocket folks like yourself. Lol Actually it's $75k for business and $50k for personal I think.
The auto loan rates are attractive as well.

FICO 8 Scores EQ=754 TU=779 EX=761 (INQ) EQ=19 TU=14 EX=18 TCL=$528,800
Established Contributor
Posts: 886
Registered: ‎02-13-2012

Re: Xcel so called Pre-Approvals more like Pre-selected lol

Okay, I've gone back and looked over my previous bookmarks and I don't see any info on Xcel FCU. So, how did you join? Was it a SP or HP? If HP, did you get any other products with the same pull? I know I have information on Andrews so I guess I'll join them now instead. Please reply at your convenience! Smiley Tongue

**FICO 8 Scores Sept 2017 EQ 747 EX 732 TU 741**


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Senior Contributor
Posts: 3,340
Registered: ‎05-27-2015
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Re: Xcel so called Pre-Approvals more like Pre-selected lol

[ Edited ]

Hey LadyJ, they pull EX unless something has changed. It's a HP to join. You can use that pull for 30 days to apply for other products. Use your ACC membership to join. I have the Xcel debit card locked in to Amazon. I hit the gift card recharge for 50 cents, 12 times to meet the 12 debit transactions. Last year I would spend $6 or $8 a month with Amazon and get almost $80 deposited monthly back into the account. I buy my home's HVAC filters from Amazon. So no money wasted.
They dropped the max from $50k to $25k for the rewards checking account.
This is the only thing you have to do in order to receive the 2% back. Unlike most that want a direct deposit or some other crazy hoop jumping qualifications.

 

I don't have any of their products as yet. They send out these preapprovals about every quarter. I've watched all the limits in the preapprovals rise and APRs go down over the last year or so. They will ask for POI and still do a HP on these so called pre-approvals. The screen cut them off, but there's more than what is showing in the screen shot.

 

 

Xcel used to be called the New York Port Authority Credit Union. I suppose they changed the name to let folks know they're open to everyone.

FICO 8 Scores EQ=754 TU=779 EX=761 (INQ) EQ=19 TU=14 EX=18 TCL=$528,800
Valued Contributor
Posts: 1,607
Registered: ‎04-13-2014

Re: Xcel so called Pre-Approvals more like Pre-selected lol

Im a member of three CUs... 

 

HFCU - a bit conservative but friendly and has some competitive products.. Not a lot of "deep pocket" CL on CCs .. Also has an interesting forced savings product that makes 3% .... 

 

MIT FCU - Used to be good but after they opened it up to students... the fees went up and the offers became less tasty. Not really credit builder/rebuilder friendly..

 

Alliant- Conservative esp for CCs, but both savings and checking are interest bearing and home of the A.S.S loan (Alliant Secure Share Loan) 

CDs at Alliant are decent... not the best but still competitive...

 

Regret missing the boat on Navy.. 

 

Pondered DCU since they are so big around here... 

 

-J

 

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