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Moderator
Posts: 4,332
Registered: ‎12-18-2013
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Most generous CU thats open to all

[ Edited ]

Hello all!

 

I was just curious... which credit union (that anyone can join) would you consider to be the most generous with credit lines and CC approval standards? I know everyone's situation is different, just curious about everyone's experiences. Thanks!

New Contributor
Posts: 182
Registered: ‎11-26-2013
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Re: Most generous CU thats open to all

OCCU Duck/Beaver card seams popular.
Logix and Digital too
Discover Tu 730(2/14) DCU Eq 725(2/28)

Bouncing back from new accts and inqs. Hope to be back over 760 soon.
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Super Contributor
Posts: 6,503
Registered: ‎09-22-2012
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Re: Most generous CU thats open to all


samm90 wrote:
OCCU Duck/Beaver card seams popular.
Logix and Digital too

+1

 

OCCU does not have geographical or membership requirements (so no "donations" to various organizations as a prerequisite to join).  I also have not heard of them asking for income verification for card limits $20k and under, which is something CUs typically want to see up front for lines of credit.

 

Super Contributor
Posts: 10,048
Registered: ‎04-22-2013
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Re: Most generous CU thats open to all

Remember a reputation for big CLs doesn't override everything though, some people report $1K limits with Duck/Beaver, and also some rejections.

Frequent Contributor
Posts: 326
Registered: ‎10-20-2008
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Re: Most generous CU thats open to all

What type of credit? Excellent, average, or below average?   Overall I agree with the others that the Duck CU tends to be the generous CU of the last couple months.

Valued Contributor
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Registered: ‎10-21-2012
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Re: Most generous CU thats open to all


longtimelurker wrote:

Remember a reputation for big CLs doesn't override everything though, some people report $1K limits with Duck/Beaver, and also some rejections.


+1

And, agree with the others as far as OCCU not having the restrictive membership component as would NFCU, PenFed, etc.

Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Most generous CU thats open to all

The answer may depend on what you're looking for, and your credit history.

 

For example, Penfed is famous for giving people high CLs, but they are very conservative, and lots of people have trouble.  Whether we would call this "generous" depends on whether you're one of the lucky ones who qualifies.

 

You might ask yourself what you're looking for with a CU -- is it just a high CL, or do you want to do a BT or cash advance, or buy a car, or a mortgage?  The OCCU cards seem to have high CLs, but also a 3% fee for BTs and cash advances, and may not be a good choice for that purpose compared to some other CUs.

 

You also might find that it would work better to build a personal relationship with a local CU, and not worry about the national ones at all.

 

Established Contributor
Posts: 848
Registered: ‎10-21-2013
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Re: Most generous CU thats open to all


user5387 wrote:

The answer may depend on what you're looking for, and your credit history.

 

For example, Penfed is famous for giving people high CLs, but they are very conservative, and lots of people have trouble.  Whether we would call this "generous" depends on whether you're one of the lucky ones who qualifies.

 

You might ask yourself what you're looking for with a CU -- is it just a high CL, or do you want to do a BT or cash advance, or buy a car, or a mortgage?  The OCCU cards seem to have high CLs, but also a 3% fee for BTs and cash advances, and may not be a good choice for that purpose compared to some other CUs.

 

You also might find that it would work better to build a personal relationship with a local CU, and not worry about the national ones at all.

 

 

 

Exactly that- there's a reason why my CU credit card is not only my highest limit but also best terms...CU's value the relationship much more than banks (unless you have millions, lol), so by establishing an account and a relationship with a local CU, they're more apt to give you bigger and better chances, and to look at your well-being - as opposed to reading off a prompt and if you don't fit into all 9 catagories, you're systematically declined.

 

YMMV

 

 

 

Current cards: MSUFCU Platinum, Amex PRG, Amex Surpass, Amex BCE, Citi Double Cash, US Bank Cash +, Huntington Voice, US Airways, Sallie Mae, Discover IT, Chase Freedom TU:751 EQ Enhanced: 748
Valued Contributor
Posts: 1,651
Registered: ‎05-17-2013
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Re: Most generous CU thats open to all

[ Edited ]

user5387 wrote:

The answer may depend on what you're looking for, and your credit history.

 

For example, Penfed is famous for giving people high CLs, but they are very conservative, and lots of people have trouble.  Whether we would call this "generous" depends on whether you're one of the lucky ones who qualifies.

 

You might ask yourself what you're looking for with a CU -- is it just a high CL, or do you want to do a BT or cash advance, or buy a car, or a mortgage?  The OCCU cards seem to have high CLs, but also a 3% fee for BTs and cash advances, and may not be a good choice for that purpose compared to some other CUs.

 

You also might find that it would work better to build a personal relationship with a local CU, and not worry about the national ones at all.

 


+1

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