topic Re: Data point: No hard pull when accepting DCU platinum visa preapproval. in Credit Cards

Data point: No hard pull when accepting DCU platinum visa preapproval.

nmac — Fri, 05 Jun 2015 23:06:27 GMT

I’ve been a DCU member since August 2014 when I joined to get an auto loan through them. Last month I finally got around to accepting on of their preapprovals for the platinum visa card. I was approved (but not instantly) for 10K. It been a month and I’ve yet to see a hard pull on any of my reports. I don’t know if this is normal for DCU but I thought I would share because I probably would have got their credit card earlier if I would have known it wouldn’t be a hard pull. Is this normal or did they mess up?

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

Revelate — Sat, 06 Jun 2015 07:42:32 GMT

@nmac wrote:
I’ve been a DCU member since August 2014 when I joined to get an auto loan through them. Last month I finally got around to accepting on of their preapprovals for the platinum visa card. I was approved (but not instantly) for 10K. It been a month and I’ve yet to see a hard pull on any of my reports. I don’t know if this is normal for DCU but I thought I would share because I probably would have got their credit card earlier if I would have known it wouldn’t be a hard pull. Is this normal or did they mess up?

AFAIK DCU has been known to pull for everything. Take the money and run though; however, I'm kind of sad never seen a pre-approval from them hehe with 15 years membership.

Was thinking of opening one and closing my secured card once mortgage sorted or maybe a year after that. Have to see.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

Revelate — Sat, 06 Jun 2015 13:44:52 GMT

Actually a question, was the Venture already reporting when you picked up the DCU card?

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

CreditUnionFan — Sat, 06 Jun 2015 14:19:58 GMT

@nmac wrote:
I’ve been a DCU member since August 2014 when I joined to get an auto loan through them. Last month I finally got around to accepting on of their preapprovals for the platinum visa card. I was approved (but not instantly) for 10K. It been a month and I’ve yet to see a hard pull on any of my reports. I don’t know if this is normal for DCU but I thought I would share because I probably would have got their credit card earlier if I would have known it wouldn’t be a hard pull. Is this normal or did they mess up?

Congrats on the preapproval for the DCU Platinum card! It is surprising that sometimes they will HP for nearly anthing; I was told by a CSR that they would perform a HP for an upgrade from a Platium into the Platinum Rewards card, so I didn't accept that upgrade offer. My partner received a preapproval for a car loan after paying off the previous car, and there was no HP. Go figure.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

nmac — Sat, 06 Jun 2015 14:34:31 GMT

@Revelate wrote:
Actually a question, was the Venture already reporting when you picked up the DCU card?

It was reporting but it may have been reporting as a 10K limit as I only recently got it bumped to 13K.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

Kenny — Sat, 06 Jun 2015 14:37:56 GMT

I've never taken a HP with any of my DCU preapprovals.. just adding that data point on, as well. Even for auto loans, CLIs, and other things.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

nmac — Sat, 06 Jun 2015 14:39:20 GMT

@CreditUnionFan wrote:
@nmac wrote:
I’ve been a DCU member since August 2014 when I joined to get an auto loan through them. Last month I finally got around to accepting on of their preapprovals for the platinum visa card. I was approved (but not instantly) for 10K. It been a month and I’ve yet to see a hard pull on any of my reports. I don’t know if this is normal for DCU but I thought I would share because I probably would have got their credit card earlier if I would have known it wouldn’t be a hard pull. Is this normal or did they mess up?
Congrats on the preapproval for the DCU Platinum card! It is surprising that sometimes they will HP for nearly anthing; I was told by a CSR that they would perform a HP for an upgrade from a Platium into the Platinum Rewards card, so I didn't accept that upgrade offer. My partner received a preapproval for a car loan after paying off the previous car, and there was no HP. Go figure.

Good to know. My current theory (which could be very wrong) is that if you have a stale preapproval in the DCU account manager there is a chance of no hard pull.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

Kenny — Sat, 06 Jun 2015 14:40:36 GMT

Even a fresh preapproval = no HP for me personally...

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

nmac — Sat, 06 Jun 2015 14:43:22 GMT

@Kenny wrote:
I've never taken a HP with any of my DCU preapprovals.. just adding that data point on, as well. Even for auto loans, CLIs, and other things.

Thanks for contributing. Would you mind elaborating how you got CLI without a hard pull? Was this some sort of "you are preapproved for a X$ increase" or did you initiate it?

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

Kenny — Sat, 06 Jun 2015 14:45:17 GMT

@nmac wrote:
@Kenny wrote:
I've never taken a HP with any of my DCU pre-approvals.. just adding that data point on, as well. Even for auto loans, CLIs, and other things.
Thanks for contributing. Would you mind elaborating how you got CLI without a hard pull? Was this some sort of "you are pre-approved for a X$ increase" or did you initiate it?

Yes, it was a pre-approved CLI -- I called and said how much is it for? They said up to 10k... did something and said it was processing. I said hmmm ok. I went online after I hung up and clicked through the pre-approval online and boom the card had 10k.. no HP whatsoever.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

nmac — Sat, 06 Jun 2015 14:48:49 GMT

@Kenny wrote:
@nmac wrote:
@Kenny wrote:
I've never taken a HP with any of my DCU pre-approvals.. just adding that data point on, as well. Even for auto loans, CLIs, and other things.
Thanks for contributing. Would you mind elaborating how you got CLI without a hard pull? Was this some sort of "you are pre-approved for a X$ increase" or did you initiate it?
Yes, it was a pre-approved CLI -- I called and said how much is it for? They said up to 10k... did something and said it was processing. I said hmmm ok. I went online after I hung up and clicked through the pre-approval online and boom the card had 10k.. no HP whatsoever.

Nice! DCU has been so good to me, they're little difficult to get on the phone sometimes but the results are so worth it.

Re: Data point: No hard pull when accepting DCU platinum visa preapproval.

CreditUnionFan — Sat, 06 Jun 2015 15:27:47 GMT

@Kenny wrote:
Even a fresh preapproval = no HP for me personally...

I wonder if it's based on FICO range? 673 is the floor to get approved for car loans. I believe 710 is another tier, and a CSR told me once that the best rates on their credit card was 724. I wonder if they know you're above 724 that they stop HP'ing?