12-29-2012 10:29 PM
12-29-2012 10:31 PM
12-29-2012 10:39 PM
Ugh. There isn't a USAA in my area either only First Federal and others. I guess it doesn't particularly matter
Usaa is geared toward active military that are overseas and nowhere near a branch. They are completely set up for online and phone banking. They do have some places where you can make a deposit in person, like UPS STORES, for example. But really you never need to do anything in person with them.
12-29-2012 10:43 PM
If you can possibley swing getting into NFCU do it, I am a member of all three banks and NFCU makes Penfed and USAA look horrible overall.
12-29-2012 11:09 PM
12-30-2012 05:53 AM
Don't use a HP on PenFed unless your credit history is near perfect and utilization are low.
USAA is a great bank, they just don't throw huge credit lines at people with low scores.
12-30-2012 06:13 AM
I joined PenFed by opening a Share Account in mid-September with the intent of building a relationship until 2013 and app'ing for the Platinum Rewards card. I work for a company that does a lot of Gov't contract work, and they are on the 'approved' company list, so opening the account/becoming a member was no problem.
In mid-October I called customer service with a question, and while we were on the phone the CSR asked if I was interested in the PR card. Told her I was interested, but was in the middle of a refi on my home, and couldn't afford a HP until that closed out. She said no problem, we'll use the one from opening the Share Account. 10 seconds later she tells me I'm approved with a $20K CL. Wow!
My refi closed at the end of November. I'd been curious about PenFed's used car refinance program with 1.49% up to 60 months. My truck was financed through BB&T at 7.99%. In early December I applied on-line for the refi and was approved - used the same HP from opening the Share Account in September.
My experience with PenFed so far has been great, and I will continue to grow that relationship as additional opportunities arise.
12-30-2012 06:49 AM
Meant to include that I set up small direct deposits in to the share account as soon as it was opened, my scores were in the 680-700 range across the CRAs, and I had a number of inquiries (7-9), mostly refi related, showing on all 3 CRAs. Frankly, based on reading how conservative PenFed is, I was surprised I was able to get the PR card. YMMV.
12-30-2012 09:10 AM
Thats great! Did you do all of this online as well? That seems like a really good idea but Im sure scores were much higher than mine at the time. I am still rebuilding.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.