I decided to join DCU, in order to establish a relationship with a credit union, and during the application it said I was pre-approved for an auto loan up to $30,000 (woo!) and a credit card up to $5,000. I plan to purchase a new car in august, so at the least the pre-approval is nice to see. I went ahead and bit the bait and marked the box to include the credit card in my application.
Anyone have any experience with this new membership pre-approval? Do you think I can call in the morning to see if it was actually approved? I have short credit history and a lot of inquiries (high single digits), but no baddies.
What will DCU want from me for the regular membership?
Yes I am aware. After the car, I'll be in the garden to get all my hard pulls to drop off.
Make sure your membership is approved before apping for anything else.
Some people have had difficulty joining DCU, and if you app for the loan or CC you will be burning extra inquiries for things you won't be eligible for if they don't grant you membership.
I called up, and got some information. Approved for $3,000, woo!
Hopefully my membership goes through, I don't forsee any issues though.