Should i apply for USAA (approved?)

[keikdasneak]

Hi guys/gals

 

This forum has always been helpful in my decision with credit and learning from other experiences. I am looking to apply for USAA credit card but i am curious if i even have a chance. I want to close 1 of my small balance credit cards and hopefully open another card up with USAA with a better interest rate and higher limit.

 

Equifax is 728 Fico Score

 

Here is a little summary of my credit report.

 

Length of Credit History: 11 Years , 5 Months
Average Account Age: 2 Years, 11 Months

 

Public Records - 0
Negative Accounts - 1
Collections - 0

 

Inquiries in the Last 2 Years - 14

[LTomBerry]

Go for it!

When I got approved for my USAA MasterCard I had about a 690, and the only open tradeline was my student loan. I had a handful of old closed accounts and there might have even been a baddie or two in there. They gave me the platinum card because the CL was less than $5000. Within 6 months I had the button pop up offering to upgrade to World MasterCard and had a CLI from 3000 to 11000. I think your previous history with USAA plays as big a part as your CH with them. (You are already a USAA member, right?)  As long as your debt/income ratio isn't horrible you should be OK. They pull Equifax.

[haulingthescoreup]

By the way, have you checked your Offers button? There might be one waiting for you, and if so, my understanding is that they won't pull a hard inquiry.

(Someone please confirm that last bit for me, though!)

[Anonymous]

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@haulingthescoreup wrote:

By the way, have you checked your Offers button? There might be one waiting for you, and if so, my understanding is that they won't pull a hard inquiry.

(Someone please confirm that last bit for me, though!)

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I am also interested -- I recenty went to the Amex site and looked for offers, but they asked for the last 4 digits of my ssn and I got cold feet. I know that's not enough for them to get a hard inquiry, but perhaps they already have the rest? Could the form trigger a hard inquiry?

[-Cain-]

Checking for existing offers on the Amex site shouldn't result in a hard pull.

[keikdasneak]

I don't have any accounts with them, and no offers. I applied and got the verication menu to verify some credit items. Then got this message on the next screen.


"Thank you for your interest in MasterCard®. We are reviewing your application. Please print a copy of this page for your records."

[Ron1]

I think you might get approved with your score. Your AAOA is a little short. By the way, how many inquiries do you have within six months.  They usually give you instant decision. Did you apply for Platinum Mastercard or World Mastercard?

Ron.

[keikdasneak]

Platinum, also I received all my inquries with 6 months. When I was car shopping.

[umair]

I was declined with a score of 748... not a clue what the hell went wrong there....

[score_building]

USAA is likely worth a shot at upgrading cc limits and rates with a great lender based on current profile, especially as a full member. 

Consider improving upon the proportion of accts w/ balances to at least less than 50% (looks like 6 out of 8 currently report balances) to potentially increase the odds of landing their most favorable terms.