topic Re: Question on US Alliance Preapproval in Credit Card Applications

Question on US Alliance Preapproval

bigseegar — Mon, 14 Mar 2022 19:20:31 GMT

I know...I know.....I'm having such a hard time crawling back in the garden lol.

Couple questions on US Alliance Preapproval. I checked and was preapproved for all tehir lending products, although I'd only be interested in credit card.

1) Main Concern: How reliable are the preapprovals before I take a Hard hit (assuming I will if I complete the App from the Preapproved Page

2) Do you have to already be a member to be approved following through on the Preapproved App

3) I've seen folks talking about docs request. I assuming that more to open the required member Acct that the card itself? What type of docs? Like just ID and maybe or maybe not Income info?

Re: Question on US Alliance Preapproval

FinStar — Mon, 14 Mar 2022 19:34:39 GMT

@bigseegar wrote:
I know...I know.....I'm having such a hard time crawling back in the garden lol.

Couple questions on US Alliance Preapproval. I checked and was preapproved for all tehir lending products, although I'd only be interested in credit card.

1) Main Concern: How reliable are the preapprovals before I take a Hard hit (assuming I will if I complete the App from the Preapproved Page They are not 100% reliable. It will be a HP on EX if you decide to proceed/accept.
2) Do you have to already be a member to be approved following through on the Preapproved App Yes, you have to be a member.
3) I've seen folks talking about docs request. I assuming that more to open the required member Acct that the card itself? What type of docs? Like just ID and maybe or maybe not Income info? They have been known to request POI (including conditional approvals, even if pre-approved) + other verification documents.

See above.

Re: Question on US Alliance Preapproval

coldfusion — Mon, 14 Mar 2022 19:35:46 GMT

Their online preapproval tool is not particularly accurate. However, if you are preapproved and do not immediately follow up with an application and your profile piques their interest you may get a followup phone call within a couple of business days.

They do sporadically mine existing members to extend solid preapprovals for their cards, which was how I got my card. From memory I did not provide POI when I joined but they definitely did not request POI when I followed up with their preappoval.

FYI they HP from Experian.

Re: Question on US Alliance Preapproval

bigseegar — Mon, 14 Mar 2022 20:35:43 GMT

Thanks for the insight and input and answers. I think I might just pass right now. Don't really need the card anyway and I think I'd rather wait a few months and apply for a PenFed card anyway since I joined there last year.