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Valued Contributor
Posts: 1,808
Registered: ‎02-16-2016

DCU Visa approval

[ Edited ]

I was feeling bored at work today.. decided to app for a DCU card, since I don't have anything from them... Pulled Eq, my lowest score @663 - approved!    Is this a decent SL from them ? With this approval, I am going to send a few of my lower limit cards to the shredder - my CapOne QS1 ($2k), Merrick ($1200 that would double next month), and a few others... Just trying to get into some higher CL cards, and get rid of the crap!

 

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Chasex3/PenFedx3/NFCUx2/BofA/BMO/AMEX x5(4 revolvers +Platinum)/CapOnex2/DCU/Blispay/Cabelas/BBVA/BB&T/HSBC/Atira/Commerce Bank/State Farm Visa........I have them all. Except Barclays. They suck. And Sync. They suck worse! And Citi,, because I Have 9,000 Inq.
In the 520-530 range in 12/2015.... Currently EQ747/TU758/EX744
NFCU & PenFed are my best friends!!

In 3/2016 I had a $1800 fully secured CapOne QS. And that was it.. Current CL $221,000 (plus my auto and RV loans)
Valued Contributor
Posts: 2,050
Registered: ‎02-05-2016
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Re: DCU Visa approval

[ Edited ]

Congrats! Looks good to me. They show my FICO EQF at 645 and I got declined so you got the magic touch.  And please, chant my name as you shred Crapital One. 


Experian: 679 (32) | TransUnion: 695 (33) | Equifax: 694 (6)
Gardening as of: 5-30-2017
Updated 10-16-17
Valued Contributor
Posts: 2,633
Registered: ‎10-31-2011

Re: DCU Visa approval

Congrats OP, it's a great CU IMO, my scores are higher than yours and I was approved with a $5k SL which has yearly gone to $10k, then $15k. I also have two car loans with DCU at 1.49% and 1.74% .

 

Best thing with that card is the ability to give yourself a short term "payday" loan with no up front fee or extra APR - I use it all the time on the road when I need cash. 

Valued Contributor
Posts: 1,605
Registered: ‎04-13-2014

Re: DCU Visa approval

[ Edited ]

I would say DCU can be conservative and this is a great SL and a great limit in general for them.. 

 

Only thing id do different is let the Merrick double in the sock drawer.... then cancel it...

Have you tried for a CLI on the Cap One?  ... Just like the idea of both the merrick and Capone leaving with a CLI reporting on the report...(soft pulls only, of course)...  Ditch them after the increases if there are any... (as long as theres no fee/af due)

 

Think a congrats is in order....

DCU is big around where I live... Then again. they originally were the DEC Credit Union.... Yes their history is with the computer company.... (Digital Equipment Corp) which is no longer...  

 

Established Contributor
Posts: 505
Registered: ‎02-12-2017

Re: DCU Visa approval

Super congratulations fltireguy on your DCU approval with a great SL!
Established Contributor
Posts: 531
Registered: ‎02-22-2017
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Re: DCU Visa approval

Congratulations on the nice approval!

In the wallet:
Amex PRG ~ Amex BCE ~ Discover ~ NFCU Cash Rewards Visa Signature ~ NFCU Platinum Visa ~ NFCU Line of Credit ~ Chase Amazon Prime Visa Signature ~ PenFed Cash Rewards Visa ~ PenFed Promise Visa ~ Fairwinds Credit Union Cash Rewards Visa ~ CapOne QS1 ~ Lowes Store Card

Closed on mortgage 8/9/17!! Woot!
Valued Contributor
Posts: 1,605
Registered: ‎04-13-2014
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Re: DCU Visa approval


pipeguy wrote:

Congrats OP, it's a great CU IMO, my scores are higher than yours and I was approved with a $5k SL which has yearly gone to $10k, then $15k. I also have two car loans with DCU at 1.49% and 1.74% .

 

Best thing with that card is the ability to give yourself a short term "payday" loan with no up front fee or extra APR - I use it all the time on the road when I need cash. 


 

Pipe: iv heard of doing this.. is this because the DCU has no fee CAs, or is it someway else?

 

Valued Contributor
Posts: 2,633
Registered: ‎10-31-2011

Re: DCU Visa approval


joltdude wrote:

pipeguy wrote:

Congrats OP, it's a great CU IMO, my scores are higher than yours and I was approved with a $5k SL which has yearly gone to $10k, then $15k. I also have two car loans with DCU at 1.49% and 1.74% .

 

Best thing with that card is the ability to give yourself a short term "payday" loan with no up front fee or extra APR - I use it all the time on the road when I need cash. 


 

Pipe: iv heard of doing this.. is this because the DCU has no fee CAs, or is it someway else?

 


It's one of the "features" - you just transfer from your card to your checking account OR take a cash advance from an ATM (be careful on ATM fees, but they'll refund I think its up to $5 a month on ATM fees too). There is no limit transferring from the card to checking online, but ATM cash advances are limited to a daily limit - not sure exactly what it is, but I've taken $900 in cash on the road a couple of times with no problem. 

 

There is no grace period for paying interest, which is your regular card APR, but for a 5-7-10 day loan to yourself it's a great benefit IMO. Of course if you abuse this you can run your card up real fast if you don't think of it as a short term loan say less than 2 weeks tops, but as an option for quick cash - think antique shopping, flea markets, collectible auctions like coins, stamps, pens, etc where cash is king you can't beat it unless you want to carry $2-3 thousand in cash you may not need or use.

 

To be fair my CFCU card also offers this option, but the APR is higher than my DCU card - I've been known to spend a couple of grand on antiques/collectibles when I know I'm getting a great deal (a lot of times I resold quickly for a profit). 

Valued Contributor
Posts: 1,283
Registered: ‎03-01-2016
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Re: DCU Visa approval

[ Edited ]

Congrats on your approval!!
They do use Fico4 scores, so may be a little different. That is a good SL from DCU

State Farm Rewards (3,000) ~ Marvel MC (5,000) ~ PenFed Power Cash (5,000) ~ PenFed Promise (6,000) ~ PenFed OLOC (500) ~ Discover ($1,000) ~ Citi DC (1,700) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (1,700) ~ NFCU CLOC (15,000) ~ QuickSilver Visa (10,300) ~ DCU Visa (5,000) ~ Chase Freedom Unlimited (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG Business (3,000) ~ Care Credit (12,000)
Current Scores (7/8/17): 673 Transunion, 616 Equifax, 651 Experian
Super Contributor
Posts: 9,557
Registered: ‎04-23-2016

Re: DCU Visa approval

Great pickup fltireguySmiley Happy

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