topic Re: SDFCU false CC approval?! in Credit Card Applications

SDFCU false CC approval?!

biglista88 — Sun, 18 Nov 2018 14:18:24 GMT

So I just applied for a membership to SDFCU and simultaneously applied for their secured CC. I entered all the info, requested a 400$ limit and input my banking info to secure my 400$ deposit.

Everything goes thru and I get confirmation my application is complete and had been “referred” to UW I suppose for final approval. OK. I go to check the status online since some institutions update with auto declines instantly but to my dismay, I see an “INSTANT APPROVED” next to my CC application. “Credit limit 2000$”!. Yeah ummmm NO WAY! lol The status of the credit union membership app still says “pending”. Anyone have any idea what’s going on? Thanks

Update: I uploaded a screenshot of the approval to help others understand my confusion.

Re: SDFCU false CC approval?!

Gmood1 — Sun, 18 Nov 2018 13:32:34 GMT

SDFCU normally does a manual review of your CC apps. You'd be one of the first I've seen get a instant approval. They are normally very conservative. They denied me a few years ago, but every year since, they send me prequalified $4500 checks to cash twice a year. Makes absolutely no sense to me. lol

Maybe things are changing at SDFCU..though I doubt it. lol

I'm guessing they've lost a ton of revenue with that UW they had in charge. Honestly I don't know how they make any money being so strict?

Congrats, if it turns out to be the real thing!

Re: SDFCU false CC approval?!

biglista88 — Sun, 18 Nov 2018 13:51:12 GMT

???? How can this be?? lol

Re: SDFCU false CC approval?!

Gmood1 — Sun, 18 Nov 2018 14:05:58 GMT

Take it and run with it!

You see at the bottom about conditional approval?

Yeah that's how they bring up your hopes and then shoot them down. lol

The only product they give rock solid approvals on are those SP cashable checks.

Re: SDFCU false CC approval?!

biglista88 — Sun, 18 Nov 2018 14:08:00 GMT

Yeah , it’s safe to assume there will be a manual review (as you previously mentioned), with a decline soon to follow lol I’m still confused as to how this happened in the first place. I guess I’ll find out more sometime this week if they actually process the app soon. I’d be over the moon if I got it but realistically there’s no way.

Re: SDFCU false CC approval?!

Gmood1 — Sun, 18 Nov 2018 14:18:50 GMT

@biglista88 wrote:
Yeah , it’s safe to assume there will be a manual review (as you previously mentioned), with a decline soon to follow lol I’m still confused as to how this happened in the first place. I guess I’ll find out more sometime this week if they actually process the app soon. I’d be over the moon if I got it but realistically there’s no way.

Well you never now. The Gods may be shining down upon you this time!

Best of luck, hopefully with the holiday spending approaching, they'll be a little more aggressive like other banking institutions with approvals.

Re: SDFCU false CC approval?!

CreditCuriosity — Sun, 18 Nov 2018 23:38:24 GMT

locked as it appears you posted another thread in approval section as this one was in approval section earlier. Lets just assume you got your approval as corss posting isnt allowed on this forum being two posts with simliar questions by same poster.