topic USAA Preferred Cash Rewards WMC Approval!! in Credit Card Approvals

USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 21:42:18 GMT

I have a thread in the applications forum about an unplanned app for the USAA Preferred Cash Rewards WMC. When I apped, I got a "being reviewed" message. I called in yesterday and the CSR was unable to contact anyone in underwriting and suggested I call back on Monday.

Well, this evening I checked the email:

Thank you for choosing USAA Savings Bank and our USAA Preferred Cash Rewards® World MasterCard® for your credit card account ending in XXXX. Your card has a credit limit of $12500.00 and will arrive within 10 business days.

I am completely speechless. This is completely nuts. 13 months ago I got my first rebuild card from Cap 1, a $300 Platinum card in credit steps. Now, in the last 3 weeks or so I have received the following:

Cap 1 Venture $5000

Discover it $1300

Chase Freedom $2200

Amex BCE $1000

Lowes $12,000

Amazon $1400

and today...USAA Preferred Cash Rewards World MasterCard $12,500

Re: USAA Preferred Cash Rewards WMC Approval!!

gingerflower — Sun, 12 Jul 2015 21:48:28 GMT

Congratulations with your credit success;-)

Re: USAA Preferred Cash Rewards WMC Approval!!

gingerflower — Sun, 12 Jul 2015 21:48:59 GMT

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 21:53:56 GMT

You have had a good run.. Congrats!!

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 22:00:44 GMT

Congrats on the USAA approval along with the others

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 22:09:41 GMT

@Anonymous wrote:
I have a thread in the applications forum about an unplanned app for the USAA Preferred Cash Rewards WMC. When I apped, I got a "being reviewed" message. I called in yesterday and the CSR was unable to contact anyone in underwriting and suggested I call back on Monday.
Well, this evening I checked the email:

Thank you for choosing USAA Savings Bank and our USAA Preferred Cash Rewards® World MasterCard® for your credit card account ending in XXXX. Your card has a credit limit of $12500.00 and will arrive within 10 business days.

I am completely speechless. This is completely nuts. 13 months ago I got my first rebuild card from Cap 1, a $300 Platinum card in credit steps. Now, in the last 3 weeks or so I have received the following:

Cap 1 Venture $5000
Discover it $1300
Chase Freedom $2200
Amex BCE $1000
Lowes $12,000
Amazon $1400
and today...USAA Preferred Cash Rewards World MasterCard $12,500

Knew it would be good news. Congratulations. You've earned it.

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 22:26:19 GMT

Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 22:48:55 GMT

@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.

Never say never-at least to maybe one more card. There is still probably one more big one waiting for you before you stay on the wagon. I'm still angling for my 1st $10k card which I know will happen when I get my UTI under 10% which should happen in the fall. Like you I started out with $300 Cap 1 10 1/2 months ago, and have come a long way. USAA opened the door as my first $5K card. Once I hit 720 across the board then I can get my mortgage through BBVA. Good luck Smokeyhill. Wish you all the best.

Re: USAA Preferred Cash Rewards WMC Approval!!

msbia — Sun, 12 Jul 2015 23:34:29 GMT

@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.

Well look at that; I knew it!! Congratulations Smokeyhill, I am so happy for you! Now don't forget to put a reminder in your phone for six months from tomorrow to request a credit limit increase....then you can enjoy your $22,000 WMC!

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 23:35:15 GMT

I don't think there's another big one out there for me. Looking my SL's for most of the recent cards tells me that the big boys are waiting to see how this all goes for awhile. I have to look at the facts. Discover, Chase and Amex are all starter limits, or very close to it. Even the Venture, even though it's a 5K siggy card, is still a starter limit for that card. Maybe in the future I'll look into the Sallie Mae and get rid of the Amazon, but I don't shop at Amazon often, so there's no hurry there. Besides, I need to learn more about what cards to mix and match for the best configuration. I have enough credit now to buy whatever I want. I have more than enough credit to get me into serious trouble. I think I'll just put it all in a holding pattern and see what happens from here. This is rapidly becoming too much too fast. Heck, I've never even received a card offer in the mail since that Cap 1 Platinum offer just over a year ago.

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Sun, 12 Jul 2015 23:38:21 GMT

@msbia wrote:
@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.
Well look at that; I knew it!! Congratulations Smokeyhill, I am so happy for you! Now don't forget to put a reminder in your phone for six months from tomorrow to request a credit limit increase....then you can enjoy your $22,000 WMC!

Thanks msbia! You were right! I don't need to put it in my phone, I have a spreadsheet that I keep all my CC stuff on. I already have the 6 month date set for CLI. That was a loooong approval wait. I don't ever want to do that again...LOL

Re: USAA Preferred Cash Rewards WMC Approval!!

msbia — Sun, 12 Jul 2015 23:40:07 GMT

Good plan. Lay low for six months to a year and let those cards and inquiries age. By this time next year you'll have Chase and Amex. If you don't mind annual fees, and you travel, the CSP is a nice combo with the Freedom for the Ultimate Rewards value. Congratulations again and keep your plan intact!

Re: USAA Preferred Cash Rewards WMC Approval!!

msbia — Sun, 12 Jul 2015 23:42:09 GMT

@Anonymous wrote:
@msbia wrote:
@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.
Well look at that; I knew it!! Congratulations Smokeyhill, I am so happy for you! Now don't forget to put a reminder in your phone for six months from tomorrow to request a credit limit increase....then you can enjoy your $22,000 WMC!
Thanks msbia! You were right! I don't need to put it in my phone, I have a spreadsheet that I keep all my CC stuff on. I already have the 6 month date set for CLI. That was a loooong approval wait. I don't ever want to do that again...LOL

Well the good thing about the credit limit increases is that you can use the app, and if you're even one day early it will not pull your credit! I use a spreadsheet as well, couldn't maintain without one lol. I like you Smokeyhill and I'll be looking out for your posts!

Re: USAA Preferred Cash Rewards WMC Approval!!

12njoy — Sun, 12 Jul 2015 23:54:18 GMT

@Anonymous wrote:
I have a thread in the applications forum about an unplanned app for the USAA Preferred Cash Rewards WMC. When I apped, I got a "being reviewed" message. I called in yesterday and the CSR was unable to contact anyone in underwriting and suggested I call back on Monday.
Well, this evening I checked the email:

Thank you for choosing USAA Savings Bank and our USAA Preferred Cash Rewards® World MasterCard® for your credit card account ending in XXXX. Your card has a credit limit of $12500.00 and will arrive within 10 business days.

I am completely speechless. This is completely nuts. 13 months ago I got my first rebuild card from Cap 1, a $300 Platinum card in credit steps. Now, in the last 3 weeks or so I have received the following:

Cap 1 Venture $5000
Discover it $1300
Chase Freedom $2200
Amex BCE $1000
Lowes $12,000
Amazon $1400
and today...USAA Preferred Cash Rewards World MasterCard $12,500

Congrats OP. You can really grow that Discover in undeer a year. It may take a HP or two but it can definitely grow. They offer SP and if they don't work, they'll ask you if you want a HP. It gives you the option.

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Mon, 13 Jul 2015 00:06:38 GMT

@msbia wrote:
@Anonymous wrote:
@msbia wrote:
@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.
Well look at that; I knew it!! Congratulations Smokeyhill, I am so happy for you! Now don't forget to put a reminder in your phone for six months from tomorrow to request a credit limit increase....then you can enjoy your $22,000 WMC!
Thanks msbia! You were right! I don't need to put it in my phone, I have a spreadsheet that I keep all my CC stuff on. I already have the 6 month date set for CLI. That was a loooong approval wait. I don't ever want to do that again...LOL
Well the good thing about the credit limit increases is that you can use the app, and if you're even one day early it will not pull your credit! I use a spreadsheet as well, couldn't maintain without one lol. I like you Smokeyhill and I'll be looking out for your posts!

I'm not sure what you mean by that. Could you explain? I love my spreadsheet. I set it up to track payment due date, available credit, %uti, Bal remaining, etc...

Re: USAA Preferred Cash Rewards WMC Approval!!

msbia — Mon, 13 Jul 2015 00:10:28 GMT

@Anonymous wrote:
@msbia wrote:
@Anonymous wrote:
@msbia wrote:
@Anonymous wrote:
Thanks BigDaddy! And thanks to you and msbia and the others who offered encouragement and support during the wait. It was a shock to see the email this evening. I was already resolved to wait 'till tomorrow night. To be honest, I was expecting a denial. I mean, I cold apped for a WMC. I guess I'm still not used to my credit being where it is now and have trained myself to expect to be denied. I'm done apping. I'm on the wagon. I'm not clicking anything that even remotely looks like a credit card ad. My plan from here forward is to grow what I have, combine the QS1 onto the QS (when available), close the NuVision and Kays cards and get ready for the construction loan to build our retirement house in the spring of 2017. I'm not near retirement age yet, but I never plan to leave this piece of West Virginia Heaven that I own.
Well look at that; I knew it!! Congratulations Smokeyhill, I am so happy for you! Now don't forget to put a reminder in your phone for six months from tomorrow to request a credit limit increase....then you can enjoy your $22,000 WMC!
Thanks msbia! You were right! I don't need to put it in my phone, I have a spreadsheet that I keep all my CC stuff on. I already have the 6 month date set for CLI. That was a loooong approval wait. I don't ever want to do that again...LOL
Well the good thing about the credit limit increases is that you can use the app, and if you're even one day early it will not pull your credit! I use a spreadsheet as well, couldn't maintain without one lol. I like you Smokeyhill and I'll be looking out for your posts!
I'm not sure what you mean by that. Could you explain? I love my spreadsheet. I set it up to track payment due date, available credit, %uti, Bal remaining, etc...

Sure. USAA does hard pull for each credit limit increase. If you use the app for the request and it is even one day too early (6 months between increases) they will not pull your credit and will tell you you need to wait six months. I hope that helps explain what I meant. My husband set up my spreadsheet the same way, I'm terrible with Excel but anal about my finances and credit lol.

Re: USAA Preferred Cash Rewards WMC Approval!!

Gmood1 — Mon, 13 Jul 2015 00:11:49 GMT

Congrats!!

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Mon, 13 Jul 2015 00:18:50 GMT

Thanks Gmood1!

And thank you msbia for the explanation. That does clear it up. I wasn't aware that USAA does a HP for CLI's. Do they do auto CLI's? I could risk one HP in 6 months, that would put it in January, just about 1 year from apping for the construction loan. I don't want any HP's that would carry beyond that date and be less than a year old.

Re: USAA Preferred Cash Rewards WMC Approval!!

msbia — Mon, 13 Jul 2015 00:24:58 GMT

Smokeyhill, I believe they do auto CLI but ive never been patient enough to wait for one lol. There used to be an option to stop automatic increases, but I cannot see it right now. Good idea to stop the apps before construction; I will be closing some cards, and consolidating others before my mortgage in January 2017. Good luck to ya!

Re: USAA Preferred Cash Rewards WMC Approval!!

Anonymous — Mon, 13 Jul 2015 00:35:21 GMT

@Anonymous wrote:
I don't think there's another big one out there for me. Looking my SL's for most of the recent cards tells me that the big boys are waiting to see how this all goes for awhile. I have to look at the facts. Discover, Chase and Amex are all starter limits, or very close to it. Even the Venture, even though it's a 5K siggy card, is still a starter limit for that card. Maybe in the future I'll look into the Sallie Mae and get rid of the Amazon, but I don't shop at Amazon often, so there's no hurry there. Besides, I need to learn more about what cards to mix and match for the best configuration. I have enough credit now to buy whatever I want. I have more than enough credit to get me into serious trouble. I think I'll just put it all in a holding pattern and see what happens from here. This is rapidly becoming too much too fast. Heck, I've never even received a card offer in the mail since that Cap 1 Platinum offer just over a year ago.

I'm with you on that. Once Venture opened up the door to bank card heaven, with you profile other leaders will feel comfortable giving you large SLs. The good people on this forum will do you right and help you maximize your portfolio. This time next year, hopefully we will both be part of the $100k club. Enjoy your success-and thank the Misses. We're nothing without our better halves.