topic Re: gtefcu credit card in Credit Cards

gtefcu credit card

taxi818 — Wed, 28 Jan 2015 23:37:12 GMT

Any members have this card. i just applied the other day and since my equifax was frozen they called me and ask me to unfreeze it. which i complied.

got approved for 5k. however. i noticed they are not using a fico score.

they pulled eq. but it also shows transunion on the t and c.

it said score ranges from 343 low to 818 highest.

i ranged a 661.

not sure what that means.

my eq fico is 663 but my transunion is 706. not sure where the number came from. for sure no mention of a fico.

anyway. i get another call today from a rep. advisinge me no balance transfer fees.

interest rate i got was 9.99 percent. although the lowest is 6.99 percent. i told her i had 4 accounts i could put on there and she said. send her my last statement from each account. now i have made payments on every account since then. and most of the statements does not have my account numbers. as they are blocked out.

Rep then called me back on phone. said she contacted all the lenders and got my current balances. and sent checks out to them already. How in the hell when i never gave her the account numbers. im not mad. just curious this is awesome service. for a small credit union. any one else know them. let me know.

Re: gtefcu credit card

Skye12329 — Wed, 28 Jan 2015 23:59:08 GMT

Possible older model scoring system or internal score? Because 40 points is quite a large gap imo. Also I does a CR list or say account numbers? I never really look too closely at mine so I wouldn't know for sure. But maybe Thats how? Or the lenders gave out your account number after two verified your identity with them? I think that would be a little scary but interesting how she got all the transfers done.

Re: gtefcu credit card

Anonymous — Thu, 29 Jan 2015 00:01:07 GMT

A lot of CUs use internal scoring models with weird ranges. I know NFCU does

Re: gtefcu credit card

Anonymous — Thu, 29 Jan 2015 00:08:52 GMT

I guess the rep just called the other creditors and said "i wanna pay John Doe's bill". The other creditors were like "You wanna give us money? Ok."

Don't forget that both the CU and your other banks have your SSN

Re: gtefcu credit card

taxi818 — Thu, 29 Jan 2015 00:43:47 GMT

Yes i thought about it after. she must have given social to get the information. if they are like this now. i wonder what when i go for my car loan in june. this is who i will use.

Re: gtefcu credit card

B335is — Thu, 29 Jan 2015 00:45:47 GMT

Congrats taxi. They denied me with 765 Fico for new accts.

Re: gtefcu credit card

taxi818 — Thu, 29 Jan 2015 00:47:33 GMT

My god. were you already a member.?

Re: gtefcu credit card

B335is — Thu, 29 Jan 2015 00:50:15 GMT

Yes, they grilled me on why someone in CA wanted to join a CU in FL. I said they had a better reputation than the CUs out here. So the membership was approved and I spoke to them about opening a card. They will use the same pull if its within 30 days. She said I just had far too much credit available and it was too new.

Re: gtefcu credit card

taxi818 — Thu, 29 Jan 2015 01:20:42 GMT

@B335is wrote:
Yes, they grilled me on why someone in CA wanted to join a CU in FL. I said they had a better reputation than the CUs out here. So the membership was approved and I spoke to them about opening a card. They will use the same pull if its within 30 days. She said I just had far too much credit available and it was too new.

Very weird. I got 16 new accounts in a year. Also 14 inquiries on eq. But I've been member 14 months. Had a signature loan that I paid off in 6 months. So maybe that helped. I know it said instant approval in the loan section for credit card. Only reason I apped is my brother got 15k. Then they changed it to 6 k as he misstated his income. They ask for monthly. Not annual.

Re: gtefcu credit card

Anonymous — Thu, 29 Jan 2015 02:15:59 GMT

@taxi818 wrote:
@B335is wrote:
Yes, they grilled me on why someone in CA wanted to join a CU in FL. I said they had a better reputation than the CUs out here. So the membership was approved and I spoke to them about opening a card. They will use the same pull if its within 30 days. She said I just had far too much credit available and it was too new.
Very weird. I got 16 new accounts in a year. Also 14 inquiries on eq. But I've been member 14 months. Had a signature loan that I paid off in 6 months. So maybe that helped. I know it said instant approval in the loan section for credit card. Only reason I apped is my brother got 15k. Then they changed it to 6 k as he misstated his income. They ask for monthly. Not annual.

I wonder what'd they say for me with 659 EQ FICO..

I can spare an inquiry.

Ugh. Stop tempting me!

Re: gtefcu credit card

Revelate — Thu, 29 Jan 2015 08:10:39 GMT

@taxi818 wrote:
Any members have this card. i just applied the other day and since my equifax was frozen they called me and ask me to unfreeze it. which i complied.
got approved for 5k. however. i noticed they are not using a fico score.
they pulled eq. but it also shows transunion on the t and c.
it said score ranges from 343 low to 818 highest.
i ranged a 661.
not sure what that means.
my eq fico is 663 but my transunion is 706. not sure where the number came from. for sure no mention of a fico.
anyway. i get another call today from a rep. advisinge me no balance transfer fees.
interest rate i got was 9.99 percent. although the lowest is 6.99 percent. i told her i had 4 accounts i could put on there and she said. send her my last statement from each account. now i have made payments on every account since then. and most of the statements does not have my account numbers. as they are blocked out.
Rep then called me back on phone. said she contacted all the lenders and got my current balances. and sent checks out to them already. How in the hell when i never gave her the account numbers. im not mad. just curious this is awesome service. for a small credit union. any one else know them. let me know.

Are you certain it was not 334 - 818?

That would be EQ Beacon 5.0 real scoring range.

Re: gtefcu credit card

Anonymous — Thu, 29 Jan 2015 08:14:42 GMT

@Revelate wrote:
@taxi818 wrote:
Any members have this card. i just applied the other day and since my equifax was frozen they called me and ask me to unfreeze it. which i complied.
got approved for 5k. however. i noticed they are not using a fico score.
they pulled eq. but it also shows transunion on the t and c.
it said score ranges from 343 low to 818 highest.
i ranged a 661.
not sure what that means.
my eq fico is 663 but my transunion is 706. not sure where the number came from. for sure no mention of a fico.
anyway. i get another call today from a rep. advisinge me no balance transfer fees.
interest rate i got was 9.99 percent. although the lowest is 6.99 percent. i told her i had 4 accounts i could put on there and she said. send her my last statement from each account. now i have made payments on every account since then. and most of the statements does not have my account numbers. as they are blocked out.
Rep then called me back on phone. said she contacted all the lenders and got my current balances. and sent checks out to them already. How in the hell when i never gave her the account numbers. im not mad. just curious this is awesome service. for a small credit union. any one else know them. let me know.
Are you certain it was not 334 - 818?

That would be EQ Beacon 5.0 real scoring range.

Does that typically spell out lower than EQ08?

Re: gtefcu credit card

Revelate — Thu, 29 Jan 2015 08:19:55 GMT

@Anonymous wrote:
@Revelate wrote:
@taxi818 wrote:
Any members have this card. i just applied the other day and since my equifax was frozen they called me and ask me to unfreeze it. which i complied.
got approved for 5k. however. i noticed they are not using a fico score.
they pulled eq. but it also shows transunion on the t and c.
it said score ranges from 343 low to 818 highest.
i ranged a 661.
not sure what that means.
my eq fico is 663 but my transunion is 706. not sure where the number came from. for sure no mention of a fico.
anyway. i get another call today from a rep. advisinge me no balance transfer fees.
interest rate i got was 9.99 percent. although the lowest is 6.99 percent. i told her i had 4 accounts i could put on there and she said. send her my last statement from each account. now i have made payments on every account since then. and most of the statements does not have my account numbers. as they are blocked out.
Rep then called me back on phone. said she contacted all the lenders and got my current balances. and sent checks out to them already. How in the hell when i never gave her the account numbers. im not mad. just curious this is awesome service. for a small credit union. any one else know them. let me know.
Are you certain it was not 334 - 818?

That would be EQ Beacon 5.0 real scoring range.
Does that typically spell out lower than EQ08?

For people on this forum, often as on average people get clean and start working on their derogatories and have plenty of tradelines.

Doesn't work in practice all the time though, people that have no credit cards open or to a lesser extent no installment lines open, or a bunch of inquiries get slammed under FICO 8 in comparison to the older FICO 04 anecdotally.

Also helps that nuisance collections are ignored under FICO 8.

For the edge cases of people like MVV and Android01 and similarly astonishingly gold plated reports, FICO 8 is always higher. Can get 850 under FICO 8 where as Beacon 5.0 capped at 818.

Re: gtefcu credit card

Anonymous — Thu, 29 Jan 2015 08:20:13 GMT

@Revelate wrote:
@Anonymous wrote:
@Revelate wrote:
@taxi818 wrote:
Any members have this card. i just applied the other day and since my equifax was frozen they called me and ask me to unfreeze it. which i complied.
got approved for 5k. however. i noticed they are not using a fico score.
they pulled eq. but it also shows transunion on the t and c.
it said score ranges from 343 low to 818 highest.
i ranged a 661.
not sure what that means.
my eq fico is 663 but my transunion is 706. not sure where the number came from. for sure no mention of a fico.
anyway. i get another call today from a rep. advisinge me no balance transfer fees.
interest rate i got was 9.99 percent. although the lowest is 6.99 percent. i told her i had 4 accounts i could put on there and she said. send her my last statement from each account. now i have made payments on every account since then. and most of the statements does not have my account numbers. as they are blocked out.
Rep then called me back on phone. said she contacted all the lenders and got my current balances. and sent checks out to them already. How in the hell when i never gave her the account numbers. im not mad. just curious this is awesome service. for a small credit union. any one else know them. let me know.
Are you certain it was not 334 - 818?

That would be EQ Beacon 5.0 real scoring range.
Does that typically spell out lower than EQ08?
For people on this forum, often as on average people get clean and start working on their derogatories and have plenty of tradelines.

Doesn't work in practice all the time though, people that have no credit cards open or to a lesser extent no installment lines open, or a bunch of inquiries get slammed under FICO 8 in comparison to the older FICO 04 anecdotally.

So it could honestly go either way...Good to know.

I may have a better chance at a Barclay's Ring in that case. At least until my EQ FICO joins the "Good" club.

Re: gtefcu credit card

taxi818 — Thu, 29 Jan 2015 09:51:06 GMT

Yes 334/818. Went back to look.

Re: gtefcu credit card

taxi818 — Thu, 29 Jan 2015 09:53:36 GMT

Your credit score can change, depending on how your credit history changes.
Scores range from a low of 334 to a high of 818 .