08-30-2009 12:36 PM - edited 08-30-2009 12:38 PM
08-30-2009 01:32 PM
How nice is that! So I understand clearly, you actually received 40k worth of credit in one phone call?
I joined USAA, sent them 5 figures of deposit, and then realized I was not a "full" member so I closed my savings account with them as I could not qualify for any of their insurance products. I understand I could apply for a credit card without being a full member though.
Congratulations! I sure wish I could be a full member of USAA an outstanding FSB ( I think that is their status)
Yes and no. It was during 1 call, but I applied online while on that call.
As CSR explained that Deposit@home was limited to credit qualified members, she asked if I wanted to apply. The app takes about 10-15 seconds online, so I submitted and it came back APPROVED on the MC for $20,000.
When I told the CSR what I was seeing, she said "Well, do you want an AMEX too?" So I submitted application online at that time too.
Both cards were 8.9% APR (variable), so I didn't quite get the best rate available, which is 7.75%.
FYI: I pulled my CR just now and it only pulled a single EQ inquiry....so only 1 hard for 2 approvals.
08-30-2009 01:38 PM - edited 08-30-2009 01:43 PM
OMG! I wish banks were that generous. Do you think your income is what contributed to the high limits? Have you already had other cards with higher limits?Message Edited by DI on 08-30-2009 02:38 PM
I have to assume that income has a significant play in this. If I only made $30-40k per year, I doubt they would have started with those CL's....but I really don't have any experience here.
I have a $25,000 NFCU CL Visa, $20,000 with PSECU and $15,000 NFCU Navcheck. So far NFCU and USAA have been the most generous overall with $40k in revolving credit each.
Other than that my highest other CL's are all $10,000.....well actually I have $15k Juni Biz and $25k BoA Biz, but they don't personally report.
08-30-2009 01:46 PM - edited 08-30-2009 01:46 PM
Thanks for clearing that question up for me. Your subject line says 20k and I had to do a double take when I read your post!
I must say your approval run is nothing short of astounding!
Once again, very big congratulations!
BTW... I thought you had been gone for awhile for a well deserved a champagne lunch! LOL
08-30-2009 01:49 PM
I updated the subject line of OP so that it was a little clearer
08-30-2009 06:03 PM
08-30-2009 08:00 PM
Congrats on the approval for new cards. I have limited membership with them, all I could open is savings and checking account with them.
So it will not allow you to app CC's? I thought limited members were only prohibited from insurance products....but banking and loans were available.
08-30-2009 08:47 PM
08-31-2009 06:58 AM - edited 08-31-2009 08:26 AM
WOWZA a 1,2 punch at USAA is worth its weight in gold...Navy, PSECU and USSA appear to offer some of the most generous initial CLs among issuer, looks like they worked for you too-super congrats!
ideally you can keep your AAoA above 4 before you have to app again.
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