Reply
Valued Contributor
Posts: 1,935
Registered: ‎09-11-2013
0

Re: The Duck Card

@op,

 

I agree that you should go with one credit card with $1,000 limit as opposed to two cards at $500.  As far as the Duck card, I applied last year some time and was denied due to delinquency in the las two years.  My score at that time was about 687 EQ FICO.  The Duck folks generally tend not to like delinquencies in the past two years.  This is most likely especially true with a thin file, as I had/have.  The 7-10 message is pretty common also.  They may call you to verify two creditors from your credit report and then tell you that they will continue your review.  I think at that point, your application is sent to an underwriter for a manual review.  They seem to be very generous to those with 700+ EQ scores with no baddies and thick files.  What are your stats (i.e. EQ score, any baddies & age, number of inquiries on EQ).  With that information, you may be able to obtain a rough guess as to which way they will go.  Good luck to you.

EX FAKO 733/FICO 717 EQ FAKO 716/FICO 701 TU FAKO 732/FICO 715
Total Credit Limits: $338,390 (July 2013 starting credit limits totaled $2,700) - Goal SURPASSED (What to do now...)
current utilization: 3% - current AAoA: 1.8-2.4 years
In my wallet: Amex(25.1k), Barclays(12.9k), BofA(30k), Chase(10k), Diners Club(30k), Discover(14.5k), 5/3(18k), Key Bank(3.5k), NASA FCU(5k), NFCU(65k), State Farm(4k), Synchrony(42k), Tires Plus(2.2k), USAA(42k), US Bank(5k), and Wells Fargo(30k).
Established Contributor
Posts: 569
Registered: ‎10-30-2013
0

Re: The Duck Card


12njoy wrote:

@op,

 

I agree that you should go with one credit card with $1,000 limit as opposed to two cards at $500.  As far as the Duck card, I applied last year some time and was denied due to delinquency in the las two years.  My score at that time was about 687 EQ FICO.  The Duck folks generally tend not to like delinquencies in the past two years.  This is most likely especially true with a thin file, as I had/have.  The 7-10 message is pretty common also.  They may call you to verify two creditors from your credit report and then tell you that they will continue your review.  I think at that point, your application is sent to an underwriter for a manual review.  They seem to be very generous to those with 700+ EQ scores with no baddies and thick files.  What are your stats (i.e. EQ score, any baddies & age, number of inquiries on EQ).  With that information, you may be able to obtain a rough guess as to which way they will go.  Good luck to you.


EQ 689. Capital One Secured Card 4 Months. GE Capital Car Care One card. And student loan payments ontime 4 years, and I think 7 inquiries. What do you think?

Valued Contributor
Posts: 1,935
Registered: ‎09-11-2013
0

Re: The Duck Card

@op,

 

I would say you have a good shot at getting in.  However, I wouldn't expect a generous limit.  I would think it would be under 5K and probably more along the lines of 500-2.5k.  That's just my opinion what I have read here on other approvals and denials.

EX FAKO 733/FICO 717 EQ FAKO 716/FICO 701 TU FAKO 732/FICO 715
Total Credit Limits: $338,390 (July 2013 starting credit limits totaled $2,700) - Goal SURPASSED (What to do now...)
current utilization: 3% - current AAoA: 1.8-2.4 years
In my wallet: Amex(25.1k), Barclays(12.9k), BofA(30k), Chase(10k), Diners Club(30k), Discover(14.5k), 5/3(18k), Key Bank(3.5k), NASA FCU(5k), NFCU(65k), State Farm(4k), Synchrony(42k), Tires Plus(2.2k), USAA(42k), US Bank(5k), and Wells Fargo(30k).
Established Contributor
Posts: 569
Registered: ‎10-30-2013
0

Re: The Duck Card


12njoy wrote:

@op,

 

I would say you have a good shot at getting in.  However, I wouldn't expect a generous limit.  I would think it would be under 5K and probably more along the lines of 500-2.5k.  That's just my opinion what I have read here on other approvals and denials.


Honestly, that would be great at this point, my Car Care One card limit was 1,000. And my capital one was 500, so do you think my limit will be at least 1.5K? Isn't it usually a multiple of your total available credit previously?

Valued Contributor
Posts: 1,935
Registered: ‎09-11-2013
0

Re: The Duck Card

@op,

 

It seems with the generous limits, they have at least matched the individual's highest limit or exceeded it.  I haven't seen that with thin files or scores less than 700.  I would think you would be at 500-1.5k based on your current limits.

EX FAKO 733/FICO 717 EQ FAKO 716/FICO 701 TU FAKO 732/FICO 715
Total Credit Limits: $338,390 (July 2013 starting credit limits totaled $2,700) - Goal SURPASSED (What to do now...)
current utilization: 3% - current AAoA: 1.8-2.4 years
In my wallet: Amex(25.1k), Barclays(12.9k), BofA(30k), Chase(10k), Diners Club(30k), Discover(14.5k), 5/3(18k), Key Bank(3.5k), NASA FCU(5k), NFCU(65k), State Farm(4k), Synchrony(42k), Tires Plus(2.2k), USAA(42k), US Bank(5k), and Wells Fargo(30k).
Established Contributor
Posts: 569
Registered: ‎10-30-2013
0

Re: The Duck Card


12njoy wrote:

@op,

 

It seems with the generous limits, they have at least matched the individual's highest limit or exceeded it.  I haven't seen that with thin files or scores less than 700.  I would think you would be at 500-1.5k based on your current limits.


Gotta sstart somewhere right? :smileyhappy: Should I call tomorrow and check the status?

Valued Contributor
Posts: 1,935
Registered: ‎09-11-2013
0

Re: The Duck Card

@op,

 

Did you just apply today?

EX FAKO 733/FICO 717 EQ FAKO 716/FICO 701 TU FAKO 732/FICO 715
Total Credit Limits: $338,390 (July 2013 starting credit limits totaled $2,700) - Goal SURPASSED (What to do now...)
current utilization: 3% - current AAoA: 1.8-2.4 years
In my wallet: Amex(25.1k), Barclays(12.9k), BofA(30k), Chase(10k), Diners Club(30k), Discover(14.5k), 5/3(18k), Key Bank(3.5k), NASA FCU(5k), NFCU(65k), State Farm(4k), Synchrony(42k), Tires Plus(2.2k), USAA(42k), US Bank(5k), and Wells Fargo(30k).
Established Contributor
Posts: 569
Registered: ‎10-30-2013
0

Re: The Duck Card


12njoy wrote:

@op,

 

Did you just apply today?


Yes, why? How long should I give them? I got the 7-10 days message.

Valued Contributor
Posts: 1,935
Registered: ‎09-11-2013
0

Re: The Duck Card

@op,

 

When I applied last year.  It gave them a day and then called to verify information from my credit report.  Then it was another 3 days before I called back (well I called everyday) and was told I was denied.  You could call on Friday and just ask them if there is any additional information needed.

EX FAKO 733/FICO 717 EQ FAKO 716/FICO 701 TU FAKO 732/FICO 715
Total Credit Limits: $338,390 (July 2013 starting credit limits totaled $2,700) - Goal SURPASSED (What to do now...)
current utilization: 3% - current AAoA: 1.8-2.4 years
In my wallet: Amex(25.1k), Barclays(12.9k), BofA(30k), Chase(10k), Diners Club(30k), Discover(14.5k), 5/3(18k), Key Bank(3.5k), NASA FCU(5k), NFCU(65k), State Farm(4k), Synchrony(42k), Tires Plus(2.2k), USAA(42k), US Bank(5k), and Wells Fargo(30k).
Established Contributor
Posts: 569
Registered: ‎10-30-2013
0

Re: The Duck Card


12njoy wrote:

@op,

 

When I applied last year.  It gave them a day and then called to verify information from my credit report.  Then it was another 3 days before I called back (well I called everyday) and was told I was denied.  You could call on Friday and just ask them if there is any additional information needed.


If I don't get approved are there any other cards I should try or any of the other secured cards?

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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.