topic Re: How solid are USAA pre-selected offers? in Credit Card Applications

How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 03:22:28 GMT

I'm planning on getting two credit cards this year. One will be the Citi Costco Card and I'm looking for a second

cash back card. My Equifax report is 3-4 months away from being clean.

I cold apped last July for a credit builder card and was denied. I called today to inquire and was first told they pull

EX but when asked again the csr told me it would be EQ. I will wait till my EQ is clean before I apply for this or the

Citi card.

Tu 8 - 747 AAOA - 2 yrs UT - 1%

EX 8 - 748 AAOA - 3 yrs UT - 1%

EQ 8 - 667 AAOA - 3 yrs UT - 1%

What I'm wondering, is how likely is an approval on this pre-selected offer?

Thanks in advance.

Re: How solid are USAA pre-selected offers?

baller4life — Sat, 09 Apr 2016 03:59:09 GMT

You currently have a pre-selected approval on your account? Those are pretty solid.

Re: How solid are USAA pre-selected offers?

jeffm4688 — Sat, 09 Apr 2016 04:01:42 GMT

Very likely unless you have something that has changed drastically since the offer popped up.

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 04:37:18 GMT

I received that and an auto loan offer.

I did apply for a refi on my auto (w/local credit union), but they pulled EX,

Only changes on my scores have been positive.

I'm worried about a denial and/or a low SL.

Re: How solid are USAA pre-selected offers?

jeffm4688 — Sat, 09 Apr 2016 05:03:57 GMT

USAA has been pretty good to me, even with baddies. I got 6K SL's on two cards with a single unpaid baddie for ~2K. My buddy got a pre selected offer for a card and got a 9500 SL with 40K income and only one card being 6 months old. But as always YMMV.

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 05:15:09 GMT

@jeffm4688 wrote:
USAA has been pretty good to me, even with baddies. I got 6K SL's on two cards with a single unpaid baddie for ~2K. My buddy got a pre selected offer for a card and got a 9500 SL with 40K income and only one card being 6 months old. But as always YMMV.

Thanks for the info. My EQ still has 8 baddies. 4 CO's and 4 OC's. The last should age off in July/Aug at the latest.

I was able to get EE w/TU & EX. I thought they had done a SP on my EX but didn't see it on my report .

I'd be happy with a 5K SL but know the only way to find out is to take the HP. I believe the offer is good until 5/31/16 so

I have some time to decide.

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 17:57:20 GMT

I think they are 99.9% approved!

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 18:36:17 GMT

Assuming I get approved, what would be a realistic expectation for a SL?

Thanks for the replies.

@Creditaddict wrote:
I think they are 99.9% approved!

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 18:38:04 GMT

That's like picking lottery numbers.

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 18:41:53 GMT

@Creditaddict wrote:
That's like picking lottery numbers.

Probably smarter to wait for my EQ report to be derog free. Does the fact that it's a Visa Sig card make a difference

as far as the minimum SL?

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 18:42:33 GMT

Yes

Re: How solid are USAA pre-selected offers?

Appleman — Sat, 09 Apr 2016 18:45:07 GMT

The pre-approval use to be solid gold for me. I had a few auto loans a few years back with USAA that they changed the term on me, 10% down and higher interest rate. Not saying it wasn't warranted give the profile at the time.

They really do not like a lot of inquiries or newly opened accounts (personal experience)

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 18:48:14 GMT

What apr and bt offer you get on USAA pre-approval?

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 18:49:15 GMT

@Creditaddict wrote:
Yes

Yes, I might expect a 5k SL or would that still be unrealistic?

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 18:50:52 GMT

If it's Visa Signature, those come with a 5k CL as minimum. I'm after that Preferred Cash Rewards Visa Signature (1.5% cash back) later in the year...hopefully USAA gives me an offer for a zero APR period or something.

@Anonymous wrote:
@Creditaddict wrote:
Yes
Yes, I might expect a 5k SL or would that still be unrealistic?

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 18:54:48 GMT

I jumped on a pre approved offer in October last year. They pulled EQ, which was 736 at the time and showing a tax lien. Approved for $7K.

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 18:56:00 GMT

I was approved for 2 $7k cards back to back... Under 680 score I believe at time.

Re: How solid are USAA pre-selected offers?

Creditaddict — Sat, 09 Apr 2016 18:56:09 GMT

No offers btw

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 21:23:14 GMT

You're pre-selected for a USAA Preferred Cash Rewards Visa Signature® credit card

Earn 1.5% cash back on every purchase.
Enjoy a 0% introductory APR on all purchases, balance transfers and convenience checks until 07/01/2017. After 07/01/2017, your Regular APR of 19.15% will apply to these introductory balances and any new transactions. Each balance transfer and convenience check has a transaction fee of up to 3%.See note1
Your 19.15% Regular APR will also apply to your cash advances immediately upon account opening. Your Regular APR will vary with the market based on the Prime Rate.
No annual fee. No penalty APR. No foreign transaction fees.

Re: How solid are USAA pre-selected offers?

Anonymous — Sat, 09 Apr 2016 21:40:47 GMT

@Creditaddict wrote:
What apr and bt offer you get on USAA pre-approval?

Earn 1.5% cash back on every purchase.
Enjoy a 0% introductory APR on all purchases, balance transfers and convenience checks until 07/01/2017. After 07/01/2017, your Regular APR of 19.15% will apply to these introductory balances and any new transactions. Each balance transfer and convenience check has a transaction fee of up to 3%.See note1
Your 19.15% Regular APR will also apply to your cash advances immediately upon account opening. Your Regular APR will vary with the market based on the Prime Rate.
No annual fee. No penalty APR. No foreign transaction fees.