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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Pre Approved [Accepted Offer]

[ Edited ]

Is there any reason I shouldn't accept the USAA pre approval for their world mastercard?

 

I am trying to garden and have a low AAoA and high number of INQs. 

 

I do not have a mortgage app plan or anything in the near future.

 

Would I likely get a higher limit with USAA if I wait a bit?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Senior Contributor
Ron1
Posts: 4,812
Registered: ‎05-23-2009
0

Re: Pre Aprooved


Dustink wrote:

Is there any reason I shouldn't accept the USAA pre approval for their world mastercard?

 

I am trying to garden and have a low AAoA and high number of INQs. 

 

I do not have a mortgage app plan or anything in the near future.

 

Would I likely get a higher limit with USAA if I wait a bit?


They're generous to give out high CL.  They approved me $14.4K a few years ago. They're sensitive to high utilization. 

 

 

 

Ron.

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Pre Approved

[ Edited ]

Ron1 wrote:

Dustink wrote:

Is there any reason I shouldn't accept the USAA pre approval for their world mastercard?

 

I am trying to garden and have a low AAoA and high number of INQs. 

 

I do not have a mortgage app plan or anything in the near future.

 

Would I likely get a higher limit with USAA if I wait a bit?


They're generous to give out high CL.  They approved me $14.4K a few years ago. They're sensitive to high utilization. 

 

 

 

Ron.


My utilization is around 5%. I think I am going to go ahead and app. I am a full member, does that help?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Pre Approved

[ Edited ]

The pre approval is for 15.9%. I never plan to carry a balance, but I wonder if doing a new app might result in a lower APR.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Pre Approved

No reason not to apply. I would apply since its your cards to acquire :smileywink:


$100K in Credit
Last Credit Card App: 11/16/13
Senior Contributor
Ron1
Posts: 4,812
Registered: ‎05-23-2009
0

Re: Pre Approved

I didn't get pre-approved a few years ago.  I got approved for $14.4K and the APR is 8.9%.  I am not a full member.  I think it helps to get higher limit and better terms when you're a full member.  They pulled EQ. I think you have a good chance to get the card. I should say go for it.

 

 

Ron.

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Pre Approved

Alright, thanks for the input. I am going to call them and see if they can offer a better rate.

 

I have a feeling they may stick to their initial 15.9% because I am so new to credit and have like 20 INQs on EQ.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Senior Contributor
Ron1
Posts: 4,812
Registered: ‎05-23-2009
0

Re: Pre Approved

[ Edited ]

Dustink wrote:

Alright, thanks for the input. I am going to call them and see if they can offer a better rate.

 

I have a feeling they may stick to their initial 15.9% because I am so new to credit and have like 20 INQs on EQ.


I don't think they will be able to answer your question. The CSR is pretty much clueless.  I think you have a good chance to get the card. 15.9% doesn't matter if you don't plan to carry any balance.

 

 

Ron.

Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Pre Approved


Ron1 wrote:

Dustink wrote:

Alright, thanks for the input. I am going to call them and see if they can offer a better rate.

 

I have a feeling they may stick to their initial 15.9% because I am so new to credit and have like 20 INQs on EQ.


I don't think they will be able to answer your question. The CSR is pretty much clueless.  I think you have a good chance to get the card. 15.9% doesn't matter if you don't plan to carry any balance.

 

 

Ron.


The rep actually sounded knowledgeable. Stated that most likely that is the best rate they will be able to offer since I am so new to credit. He told me the bank is currently closed, so I should wait until monday to apply. He also told me that on monday I can relay my questions to underwriting and see if they can do anything about the rate.

 

I may look into the rate advantage card, because the rewards on all of their cards aren't that great. So it may just be better to get a no reward card that I can use for low rate cash advances if I ever need it. Most likely I won't need it, so the card will just always be there to keep utilization down. There is no fee for transfers to USAA accounts and the rate is as low as 6.9%. Looks like a good way to have a line of credit sitting around.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Senior Contributor
Ron1
Posts: 4,812
Registered: ‎05-23-2009
0

Re: Pre Approved


Dustink wrote:

Ron1 wrote:

Dustink wrote:

Alright, thanks for the input. I am going to call them and see if they can offer a better rate.

 

I have a feeling they may stick to their initial 15.9% because I am so new to credit and have like 20 INQs on EQ.


I don't think they will be able to answer your question. The CSR is pretty much clueless.  I think you have a good chance to get the card. 15.9% doesn't matter if you don't plan to carry any balance.

 

 

Ron.


The rep actually sounded knowledgeable. Stated that most likely that is the best rate they will be able to offer since I am so new to credit. He told me the bank is currently closed, so I should wait until monday to apply. He also told me that on monday I can relay my questions to underwriting and see if they can do anything about the rate.

 

I may look into the rate advantage card, because the rewards on all of their cards aren't that great. So it may just be better to get a no reward card that I can use for low rate cash advances if I ever need it. Most likely I won't need it, so the card will just always be there to keep utilization down. There is no fee for transfers to USAA accounts and the rate is as low as 6.9%. Looks like a good way to have a line of credit sitting around.


I guess it is YMMV thing.  They treated full member differently. Rate Advantage card is a good card to have. 6.9 % is a good rate.  By the way. don't forget to ask for Chip and PIN option if you travel outide of the country a lot.

 

 

Ron.


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