topic Re: DCU CLI in Credit Card Approvals

DCU CLI

ficojoe — Tue, 15 Jan 2013 22:46:36 GMT

How long after a new account is created should one wait to ask for a CLI from DCU? How often is it wise to ask?

Does DCU ever do automatic CLIs?

I want to avoid a FR. My income is only 36k. DCU gave me $7,500 as a starting limit. would a CLI request trigger a FR?

When I bought a car recently, DCU said that income verification was not required because of my FICO score being high enough (low 700s).

Re: DCU CLI

Revelate — Wed, 16 Jan 2013 05:17:54 GMT

The one person I know likely would be able to answer this question hasn't logged in for the past month.

That was the only individual that I recall on this forum gave a response when I was looking into reactiving my DCU account; since then quite a few people have joined and obtained cards, but I don't know there's enough data from longer-term cardholders to answer the question conclusively.

Think Google is your friend in this scenario.

As a point of technicality, FR is Amex specific; DCU while more documentation-intensive than most other lending organizations doesn't to my knowledge have the same "stop-the-world" inquiry process that Amex does. Also even in the Amex case, if you get a FR for a CLI, you can simply not choose to submit it and simply the CLI gets denied not your whole card suspended in this instance.

Hard to tell with DCU, they wanted income verification for me for a secured card.... seriously?

Re: DCU CLI

Anonymous — Wed, 16 Jan 2013 10:52:18 GMT

I was told to wait a year before I could ask for a CLI. In the SD it goes....I'll abuse my Discover instead.

Re: DCU CLI

jsickz32 — Wed, 16 Jan 2013 11:58:41 GMT

I opened my account in 10/12. I started with 7500 then about a month later while looking to do a BT they matched my NFCU CL to 10k. And around 12/12 i asked for a cli and was approved for a cli of 7500. It was a HP and i did it online.

Re: DCU CLI

Revelate — Wed, 16 Jan 2013 17:50:30 GMT

Yeah I did a little looking and it appears to generally be customer generated hard pull.

In happier news there was a post on DCU's website that they may unsecure with a HP, wonder if they keep tradeline history, going to have to call on that one .

Re: DCU CLI

ficojoe — Wed, 16 Jan 2013 23:43:53 GMT

I'm surprised it is a HP. I got an auto loan from DCU without a hard pull. I assumed DCU works like AmEx. They email me my FICO once a month, thought that would be enough checking my credit for them. Sounds like that isn't the case on a CLI. I'll wait about a year or call them when 6 months comes across.

Re: DCU CLI

Revelate — Thu, 17 Jan 2013 00:13:45 GMT

@ficojoe wrote:
I'm surprised it is a HP. I got an auto loan from DCU without a hard pull. I assumed DCU works like AmEx. They email me my FICO once a month, thought that would be enough checking my credit for them. Sounds like that isn't the case on a CLI. I'll wait about a year or call them when 6 months comes across.

May have been a pre-approval or something combined; I know my auto loan definitely resulted in an inquiry on EQ.