topic Re: Question about RBFCU approvals and inquiries.... in Credit Card Applications

Question about RBFCU approvals and inquiries....

crippus — Fri, 05 Jun 2015 22:42:39 GMT

Hello,

So i am building my credit, gone on a little bit of app spree(6-7-6 inquiries on the three bureaus), and have one trade line with Cap One for $2500, with a $100 balance. Been approved thus far for two Amex cards, highest limit is $4500, BOA cash rewards $1500, $1000 Cap One Quiksilver One. None showing as of yet. How is RBFCU for credit card/line of credit for good score, great income, no debt, and some recent inquiries? I was td for the Navy FCU LOC:-/ Fico scores from here are this:

Transunion 744

Equifax 713

Experian 720

Thanks

Craig

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 22:53:08 GMT

@crippus wrote:
Hello,

So i am building my credit, gone on a little bit of app spree(6-7-6 inquiries on the three bureaus), and have one trade line with Cap One for $2500, with a $100 balance. Been approved thus far for two Amex cards, highest limit is $4500, BOA cash rewards $1500, $1000 Cap One Quiksilver One. None showing as of yet. How is RBFCU for credit card/line of credit for good score, great income, no debt, and some recent inquiries? I was td for the Navy FCU LOC:-/ Fico scores from here are this:
Transunion 744
Equifax 713
Experian 720

Thanks
Craig

RBFCU pulls TU for membership and for all products.

your inquiries are good to go.

@Anonymous highest limit on cc at my time of apps was $9,600. I asked for $15k and they granted full amount @ 7.7%

@PLOC - $10k @ 8.9%

auto refi - 1.65%

My over all utl was 9%

Highest individual utl was 40 %

6 cards with balances

what is your income ?

What are you trying to achieve with them ?

Re: Question about RBFCU approvals and inquiries....

crippus — Fri, 05 Jun 2015 23:10:46 GMT

Own home free clear. Own car free clear. Income is $140,000+

Trying to actually establish some strong credit, as I have usually paid cash(family, mostly grandfather who taught me finances had the depression era mentality....pay cash or don't buy something), and am finding even though income, assets and scores are good, it's hard to get any substantial credit. As I said, I have 4 very recent approvals, totalling about 10k in total credit limit, but none of them are on report yet. I don't know if I should wait for them to hit, and possibly lower score, or try now, based on income and scores.

thanks

Craig

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 23:18:39 GMT

@crippus wrote:
Own home free clear. Own car free clear. Income is $140,000+

Trying to actually establish some strong credit, as I have usually paid cash(family, mostly grandfather who taught me finances had the depression era mentality....pay cash or don't buy something), and am finding even though income, assets and scores are good, it's hard to get any substantial credit. As I said, I have 4 very recent approvals, totalling about 10k in total credit limit, but none of them are on report yet. I don't know if I should wait for them to hit, and possibly lower score, or try now, based on income and scores.

thanks
Craig

With any lender nit just RBFCU you should wait 6 months - a year before going after big limits.... They will look at what you have experience with

rather than what's in your bank account.....during that one year try for SP cli to get the limits up...

If you can't/don't wait a year,mthen at least 7 months. A CU will give you $5k - $10k .....

Re: Question about RBFCU approvals and inquiries....

crippus — Fri, 05 Jun 2015 23:20:49 GMT

I'd honestly be ok with $3000-3500 to get foot in door and use card and pay in full monthly. Do you think that's a possibility? That way, I will have done the 3x cli with Amex as well by then..

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 23:26:46 GMT

I would wait 7 months so the account get good history then apply. For best results that is,

im sure you could get approved for a card but I wouldn't expect no more than $5k with only that 1 card..

if if your going to go for membership, it doesn't hurt to try as they will use the same HP for 45 days. You may apply for

any product of your choice(s)....... Where in Texas are you ?

Re: Question about RBFCU approvals and inquiries....

crippus — Fri, 05 Jun 2015 23:32:29 GMT

San Antonio. Should I call them to apply to remind them not to pull credit again?

Re: Question about RBFCU approvals and inquiries....

crippus — Fri, 05 Jun 2015 23:32:52 GMT

And joined and the accounts were opened today.

Thanks

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 23:44:04 GMT

Lending is open on Saturday 9am - 4pm. Yes give them a call to let them know you have a report on file.

You should be fine though.

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 23:46:53 GMT

How close to a branch are you ? I did all my membership and apps in a branch.

go to a branch if possible. And take All income docs with you. If not just app online and after your app

you can always call to have them in lending notate that you have a report on file.

Re: Question about RBFCU approvals and inquiries....

gdale6 — Fri, 05 Jun 2015 23:52:29 GMT

I have removed the duplicate thread and moved this to applications. Please do not cross post in multiple forums its against our policy to do so. Thanks for your understanding and have a great evening.

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Fri, 05 Jun 2015 23:55:01 GMT

Šif you app online / Phone..... It can take up to 4 hours for a decision

app in in branch and get a answer in 5 mins or less.

Re: Question about RBFCU approvals and inquiries....

crippus — Sat, 06 Jun 2015 02:44:11 GMT

I will do that. Did app at about 645 pm on phone. Car said he thought I should get 5000 most likely, and I'll take that. Hope he is right.

Re: Question about RBFCU approvals and inquiries....

ScoreOrBeScored — Sat, 06 Jun 2015 05:01:57 GMT

Okay sweet.... Keep us updated on everything.

Which card did you app for ? Premiere rate ? That's the none rewards card and starts at 7.7% APR

Re: Question about RBFCU approvals and inquiries....

crippus — Sat, 06 Jun 2015 06:19:09 GMT

Yes that's the one, and I will update as I get the news

Re: Question about RBFCU approvals and inquiries....

crippus — Sat, 06 Jun 2015 17:33:19 GMT

so I am confused.....

Caled this am, said they countered by $15,000 request on a signature loan to $5000 for 30 months at 9.9%. I spoke to analyst, explained I would like a recon to $10000, and they have submitted it, but they denied the credit card app:-/

I guess I will take what i can get.

Thanks

Craig

Re: Question about RBFCU approvals and inquiries....

crippus — Wed, 24 Jun 2015 18:42:39 GMT

update....

Scores are 754(TU) 743(Equifax) and 731(Experian)

Got approved for a $10,000 Synchrony Bank Walmart already reporting, and had my sister add me as an AU on a $11000 Citi card from 2006 and a $20k Wells Card that is relatively new. 6 Accounts total , 3% utilization , $55,400 total available, $800 balance.

Also have a $500 Navy FCU individual card, but am going through their FUN eligibility review(even though I am eligible, I joined online). I wonder if my chances would be much better now, and should I do it in branch vs on phone?

Thanks

Craig

Re: Question about RBFCU approvals and inquiries....

crippus — Wed, 24 Jun 2015 19:01:14 GMT

Looking for some advice as far as RBFCU(they approved me for $5000 line of credit with only the one AU reporting) and Navy FCU, as they denied me previously for the LOC, but I only had one AU for $2300 on the bureau. I now have a 9 year old $11400 AU Citi, $10000 Barclays(Au), $21000 Wells FArgo(AU), $10,000 Synchrony Bank Walmart(Individual), $500 Navy Fcu (individual)

Quite a few inquiries, as I have been Credit Union shopping, but AAOA now at 2.5 years.

I would think I should be ok now right? For decent limit cc and LOC?

Re: Question about RBFCU approvals and inquiries....

baller4life — Wed, 24 Jun 2015 19:46:40 GMT

If you are near a branch, I would go. I hear the app process is really cool. And you actually video chat with the loan officer.

Re: Question about RBFCU approvals and inquiries....

crippus — Wed, 24 Jun 2015 19:59:00 GMT

I am 5 min away. Going to go in person