05-15-2010 11:47 AM - edited 05-22-2010 11:55 AM
05-15-2010 01:16 PM
In my experience, PSECU is very generous with giving credit. My profile was very similar to yours (AAoA was >5 years though) when I applied for their Visa and LOC (I did them 2 weeks apart unfortunately -- cost was 3 hards rather than 2). I was approved for a 10K Visa and a 10K LOC tied to the Visa and to checking -- both were auto approved within a couple of minutes.
PSECU's "auto" approval is a little different than most -- I applied, got an "under consideration" page and then, after a couple of minutes the approval showed up on my messages page. That happened for both the Visa and the LOC. My understanding is that $20K is the maximum exposure they will go for but, when you link your Visa and LOC, you get 2 tradelines reporting for $20K each.
05-15-2010 03:28 PM
They do take their time processing the paperwork by mail. I think you will get the credit card. With your AAOA, I am not sure about the LOC right away.....The credit card is score driven. All other loans are looked at by a loan officer, I believe.
05-15-2010 05:47 PM
Thanks alot! Okay, so if I applied for the savings account - they are going to pull experian right off the back? am i correct?
and if I apply for the visa, that's another pull right?
05-15-2010 07:39 PM
I opened an account 2 weeks ago and on a whim apped their visa, I asked for 15k and was approved instantly at 9.9%. My scores are around 700 but when I got my experian score from them this week is was 658!!!! I dont get it! It does take a little while to get back your membership #. AAA in my book!
05-15-2010 08:25 PM
One more ? what were your score?
One EX pull for memebership, another for the Visa.
No idea what my actual FICO scores were -- low 700's based upon what PSECU are currently reporting.
05-15-2010 09:27 PM - edited 05-15-2010 09:27 PM
They do 1 EX pull for membership. If you don't apply for a credit card, they will usually send you a pre-approval letter inviting you to apply for a credit card if you qualify a few weeks after your deposit accounts are open. If you accept, they then do a second pull. Others have just gone ahead and applied.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO