topic Re: SDFCU Application Process ??? in Credit Card Applications

SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 01:56:04 GMT

So I read on these forums how SDFCU pulls EX strictly for their credit cards. So I joined, opening up a basic checking & savings account using ACC (American Consumer Council) as the qualification. No problem. I than decided to apply for their unsecured VISA card, which in my opinion, has some incredible terms, including 6.9% APR for both purchases and cash advances and No AF. I filled out their application requesting 15K CL. This morning I received an email stating:

"Thank you for applying with State Department Federal Credit Union. We are glad that you chose SDFCU for your lending needs; however we must regretfully inform you that your online application HAS NOT been completed."

So I replied back with the ref # they gave me and than received another email to sign a document via DocUsign website. It showed my EX FICO2 score of 790 and basically a truth in lending form with their terms, 15K CL, 6.9% APR, etc..... So I signed using my finger and sent it back. Got a response stating they received it and no other doc's are remaining.
Does this mean I definitely was approved or is this just part of what they do prior to an approval or sending it to underwriting ??? Anyone else have experience with SDFCU ??? I'm hoping this means I was approved and with a 15K CL at 6.9% APR. Thanks.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 02:06:47 GMT

@Anonymous wrote:
So I read on these forums how SDFCU pulls EX strictly for their credit cards. So I joined, opening up a basic checking & savings account using ACC (American Consumer Council) as the qualification. No problem. I than decided to apply for their unsecured VISA card, which in my opinion, has some incredible terms, including 6.9% APR for both purchases and cash advances and No AF. I filled out their application requesting 15K CL. This morning I received an email stating:

"Thank you for applying with State Department Federal Credit Union. We are glad that you chose SDFCU for your lending needs; however we must regretfully inform you that your online application HAS NOT been completed."

So I replied back with the ref # they gave me and than received another email to sign a document via DocUsign website. It showed my EX FICO2 score of 790 and basically a truth in lending form with their terms, 15K CL, 6.9% APR, etc..... So I signed using my finger and sent it back. Got a response stating they received it and no other doc's are remaining.
Does this mean I definitely was approved or is this just part of what they do prior to an approval or sending it to underwriting ??? Anyone else have experience with SDFCU ??? I'm hoping this means I was approved and with a 15K CL at 6.9% APR. Thanks.

You're approved but but most credit unions will still have an underwriter look at it. I'm sure it will go thru. Once they have you sign those docusign firms, it's pretty much all over other then mailing out your card. Congrats!. Great APR

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 02:16:09 GMT

Oh that's awesome. I started rebuilding my credit this past Jan as I hadn't used ANY credit in about 7 years since my CH 7. I couldn't get any unsecured cards (besides Credit One), so I got secured WF, USB, USAA Amex. Cap One gave me a 5K QS ten day's ago, while being declined by Discover, Barclays, and BOA. My EX score is alot higher than my TU or EQ so I'm trying to only apply to banks that generally use EX. So if I do indeed have this SDFCU, it'll be my 2nd unsecured card. I was thinking about trying for Amex as I've read they pull EX primarily, but I have 6 recent inquiries and I really hate to use a HP for a decline. Suggestions ??? Thanks.

Re: SDFCU Application Process ???

B335is — Thu, 28 May 2015 02:48:18 GMT

Congrats on getting in with SDFCU!! I'd go for Amex if your EX is 790. They're probably the least sensitive to inquiries.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 02:53:22 GMT

Generally speaking with Amex: is it any harder to get one of their charge cards (Green, Gold, Gold Rewards, Plat) or one of their credit cards (Blue Cash, Everyday, etc...) ??? Any chance of apping for one of each the same day with 1 HP ??? If so, how, online or phone ??? Thanks !!

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 03:42:55 GMT

@Anonymous wrote:
Generally speaking with Amex: is it any harder to get one of their charge cards (Green, Gold, Gold Rewards, Plat) or one of their credit cards (Blue Cash, Everyday, etc...) ??? Any chance of apping for one of each the same day with 1 HP ??? If so, how, online or phone ??? Thanks !!

Generally the revolvers are harder to get then the charge cards. If you do it, go for both by applying for charge card then the revolver. The three charge cards have the same underwriting criteria so choose one that fits your needs and look for available offers out there. Apply online as there is no difference. Good chance that it will be one HP

Re: SDFCU Application Process ???

revjamesl — Thu, 28 May 2015 05:50:47 GMT

Congrats.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 05:58:14 GMT

Just so I understand correctly: charge cards are the monthly pay in full, Green, Gold, Plat, while revolvers are in fact used like a VISA/MASTERCARD with min payment each month, correct ??? And it's easier to get the charge cards (Green, Gold, Plat) than the revolvers, generally speaking ?? Thanks !!

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 06:08:54 GMT

Welp applied for Gold Rewards. Got the "pending we will notify you once we are done etc.....". My EX is 790, EQ 720, but my TU is the "low hanging fruit on the vine" at 660. If they pull TU, I'm sure I'll be declined. I've got 2 open judgements from 5 year's ago I'm working on trying to get vacated and my CH 7 from 2007 all on TU. My income is 125K with 1% UTI. I'm just hoping I put the income in correctly as it stated no periods or symbols. I put in: 125000 Not sure I should've put in: 12500000
I'm anticipating the same DSC, BOA, BARKLEY, decline. Damm.

Re: SDFCU Application Process ???

rlx01 — Thu, 28 May 2015 07:36:59 GMT

You might get a surprise approval email.

Check the application status site.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 07:41:48 GMT

I've been there a few times so far, but still pending. Got my fingers crossed, but am preparing for the decline. Think I'll be forced to wait a few month's till I get my TU cleaned up and my newest cards, Cap One and hopefully SDFCU, are posting. I'm going to call tomorrow afternoon if the pending status doesn't change. Thanks !!

Re: SDFCU Application Process ???

B335is — Thu, 28 May 2015 14:02:40 GMT

Pending isn't always a bad thing with Amex. It can go either way. You might want to call in and ask if there's any info you can provide.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 16:20:42 GMT

@B335is wrote:
Pending isn't always a bad thing with Amex. It can go either way. You might want to call in and ask if there's any info you can provide.

Well, apparently you were correct. I went to the Amex status webpage this morning and saw the "approved". So felt really good. Until I than opened my email and saw I had an alert from EQ (not EX). Went to EQ and found out SDFCU pulled my credit again. After receiving and having to sign the SDFCU "truth in lending" and loan doc's yesterday, I thought I was "in" with them and done. Apparently not. I also had to send them a copy of my drivers license this morning. I have absolutely no idea now what the outcome with SDFCU will be. Guess I'll cross my fingers. SDFCU definitely does things a bit different. Stay tuned........ Thanks for everyone's help.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 16:55:59 GMT

Back to being "high again". I made a mistake. While I did receive an alert from EQ, it was to let me know SDFCU pulled my CR from EX. I totally forgot that with all the CA's monitoring service, they not only monitor their own CR's, but every CA reports. So SDFCU did NOT do a second HP with EQ. EQ simply alerted me that I had received an HP on my EX. Crazy. EQ actually alerted me quicker about an HP on EX, than did EX itself. So I believe I'm "still good to go" with SDFCU. Sorry for the confusion.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 17:56:38 GMT

Congrats on the Amex approval. Did you try as well for another card? What offer did you apply for under for the PRG?

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 18:11:41 GMT

I really wanted to apply for a 2nd card, maybe a BCE or something, but after I initially applied, I received the following email and I held off from putting in a 2nd application:

"We are excited that you've decided to apply for the Premier Rewards Gold Card, and we're reviewing your application now. We promise to let you know when we're finished, or if we need more information.

While we're reviewing your application, please don't apply for another Premier Rewards Gold Card. Thank you for your interest in American Express."

It only requests that I "don't put in for another Premier Rewards Gold Card", but should I try applying, possibly calling AMEX and request another card under the same HP from today ??? I've read where people who put in multiple applications that Amex pulled EX for the first, but than pulled EQ and TU for the second application. I'd hate to have another HP, and my chances of being approved if they pull EQ, or worse yet, TU, would be significantly less. My EX score is 790, but my EQ is 720 and TU like 670. Should I try and call today and ask if I could possibly get one of their "credit cards" under the same, initial EX HP from earlier today, or just leave well enough alone ??? Thanks.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 18:55:15 GMT

So I called Amex just now to ask about applying for the BCE card under the same EX HP from a few hour's ago. The lady stated she can't confirm either way. She said Amex requires a credit check for each and every application, even if it's all in the same day. She said if you apply for 3 card's, they'll "most likely pull 3 separate HP's". With that said, she did say that's NOT in stone, and there's a 50/50 chance they may just pull once. In other words, she wouldn't guarantee me they would or wouldn't pull again if I apply for a 2nd card today. I don't really need another CC at this point. So should I just garden with these new cards and hit Amex up for the BCE in 6 months OR pull the trigger and go for the BCE today ??? Hmmmm, decisions, decisions. Advice ??? Thanks !!!

Re: SDFCU Application Process ???

rlx01 — Thu, 28 May 2015 21:05:06 GMT

Did you actually apply today or last night?

Has to be on the same day for the 1 HP thing.

Nothing to lose.

Re: SDFCU Application Process ???

rlx01 — Thu, 28 May 2015 21:11:15 GMT

Also... I don't really know why people bother calling CCC's.

You can get all the information you need here or FT, and the frontline CSRs know almost nothing.

CCC's do multiple HPs per day. CRAs merge them into one if they come from the same puller on the same day.

The point of the charge + revolver is that the revolver denial is a SP.

Re: SDFCU Application Process ???

Anonymous — Thu, 28 May 2015 21:15:48 GMT

I applied at 1 AM this morning, about 13 hrs ago. Not sure what that constitutes. I'm thinking I should probably just sit tight and be extremely happy with what I've been approved for do far. I did the Amex prequal prior to applying for the Gold Rewards and it showed nothing. I just did it again while on their website hoping for a BCE or the other Blue Cash card, but still showing no offers. I've got that itchy finger knowing it's probably 50/50 on the HP and possible approval. Also in the back of my mind is the fact the Gold Rewards wasn't instantly approved and went "pending". Granted it wasn't like I had to Recon to get the Gold, so who knows why that went pending. Perhaps the 6 - 7 recent injuries on EX was the reason it went pending. So should I apply for BCE or just wait a few month's ??? Advice appreciated. Thank you!!!!