10-21-2013 07:44 PM - edited 10-21-2013 07:47 PM
Applied Oct.12 for the Duck card. Received Instant Approval. Didn't bother to call and ask CL. Waited it out and finally received a letter with my credit score on Friday Oct. 18
EQ score of 819. Oldest account is 16 years 10 months old. AAOA is 7 years. My utilization at time of application was 6%. No negatives on any of my CRs
4 INQ on EX, 3 INQ on EQ, 4 on TU. Received the card in the mail today with a $15000 CL and APR is 9.99%
I'm currently in the rebuilding phase. Just recently applied and was approved for Discover IT ($1500) and Capital One ($300) in August.
Debating whether I want to try for the Beaver card too. I may use the card well for a few months just to establish a good relationship with them before trying for the Beaver card.
10-21-2013 08:11 PM
Congrats! Thats an excellent limit.
None of us have made an attempt at both the Duck and the Beaver. I think I would be cautious about that since it is a smaller credit union. Wouldnt want to frighten them.
10-21-2013 08:22 PM
app'ed 10/18/2013 reveived 7-10 days . called this morning was approved for 20K CL. 4x inquiries,1 paid CO,5 new accounts in 3 months fico score 702. Personal income x,xxx,xxx,xx Business income xx,xxx,xxx,xx.Trying recon for 100K.They said they can give me Max limit right now for 50K if i fax last year tax return or bank statement, thats fine i'll fax it tomorrow.
10-21-2013 08:30 PM
Thanks, DiabolicallyRandom. Congrats to you too on the approval and CL. I was just happy with the nice CL. This should help me establish a better credit history. Definitely help with Utilization. Maybe in a few months I can use this credit limit to talk Discover and Capital One into giving me larger CL. Not holding my breath on Capital One.
10-21-2013 08:43 PM - edited 10-21-2013 09:11 PM
Now I am curious about CLI. They seem to be generous with inital CL. This card by far is my largest CL.
Time will tell if they are also generous with CLI.
10-22-2013 10:11 AM
10-22-2013 12:09 PM
FWIW I was approved with 33% util, however I am high earner.
Got congrats instant approval mesasge and says card will arrive 7-10 days (not to be confused with 7-10 day message).
My highest CL's are in the 30-50k range so I am interested to see what this one is since I have seen some high lines with people here with less profile than mine
10-22-2013 12:19 PM - edited 10-22-2013 12:30 PM
Am I way off in concluding that the Duck/Beaver card is best for people with already high scores and the necessary incomes for high initial CL's but who currently don't with other lenders for whatever reason?
10-22-2013 01:43 PM - edited 10-22-2013 01:45 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO