topic Re: DCU Pre-Aprroval - How sure of a sure-thing? in Credit Cards

DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 03:41:51 GMT

Hey All,

After ignoring a pre-approval notice for up to 5K for a DCU credit card for around 6 months,

I loggod on today to see that I'm pre-approved for up to 10K at a time when it could come in very handy.

How solid are their pre-approvals? Are they inq. sensitive? I have around 17 over the past 2 years on EX,

9 of which are over 12 months old. I have around 15 on EQ and 14 on TU.

Thoughts?

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 05:39:06 GMT

If they are popping up a pre-approval for you chances are it is legit. Does it give the interest rate as well? If so thats almost a sure thing

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 15:24:58 GMT

Curious what your relationship is with DCU OP. We've just started a relationship and I'm wondering what we might see in the way of preapprovals down the line. I opened a savings. Then DH got a car loan, opened a savings and checking. I'm joint on that savings and checking.

I also wonder, since it's pre-approved, if it'd be a SP or HP or what. Please keep us posted if you go forward with it.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 15:38:42 GMT

No interest rate. There's button that says accept and veritfy but I'm not sure if I want to proceed yet.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 15:43:46 GMT

Been a member since around June 2014. Applied on line and I have both checking and savings.

I applied for a home improvement loan soon after with scores in the 730s but was declined for too much new credit -

I got my first CC in April 2014. I tried for a CC with the same loan specialist and they were clear that they had nothing to

offer me. I've since maintained a balance of around 1K in the checking and paid bills here and there.

I started seeing the 5K pre-approval aorund 6 months ago and it just went to 10.

I'll let you know if it's an SP or not if I proceed.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Thu, 09 Jul 2015 16:44:52 GMT

Across all credit cards, I find the approval process somewhat inconsistent. Anyways, I applied for DCU Platinum (6-8 mos. ago) with scores in low 700s. I had the card in hand before they even asked me to become a member (which I then did). Then I applied for an auto loan and they approved that for 30K over the phone with no income verification. I ended up leasing a card but that 30K auto loan still sits in my account mgr w/them saying that it is pre-approved.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

CreditUnionFan — Sat, 11 Jul 2015 14:50:18 GMT

@Anonymous wrote:
Hey All,

After ignoring a pre-approval notice for up to 5K for a DCU credit card for around 6 months,
I loggod on today to see that I'm pre-approved for up to 10K at a time when it could come in very handy.

How solid are their pre-approvals? Are they inq. sensitive? I have around 17 over the past 2 years on EX,
9 of which are over 12 months old. I have around 15 on EQ and 14 on TU.

Thoughts?

The preapproval is probably very solid. Whether it's a HP or a SP on the EQ is another story. I've been told it was a HP when solicited for an upgrade to their Rewards offering, and didn't want to find out since once my score with them is above 724 I will be requesting the better APR on my existing Visa.

My partner accepted a preapproved auto loan and never saw a HP.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Sat, 11 Jul 2015 14:55:28 GMT

Is 724 when they give their best rate?

edit: grammar

Re: DCU Pre-Aprroval - How sure of a sure-thing?

CreditUnionFan — Sat, 11 Jul 2015 15:45:08 GMT

@Anonymous wrote:
Is 724 when they give their best rate?

edit: grammar

Yep, I was told that the best APR on the credit card is once the score is 724+.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Sat, 11 Jul 2015 17:28:32 GMT

Thanks. I love DCU for how easy it is to know where you would stand with them (auto loans, etc.)

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Simply827 — Sat, 11 Jul 2015 20:29:24 GMT

I'm pretty sure accepting will be an HP. They seem to be HP-happy. I had 4 inquiries from them alone on my EQ.

I've been pre-approved for a new auto loan, but I don't need it. I'd like to be pre-approved for a CLI on my CC.

I thought the best rates on their CC was given with a 730, perhaps they've loosened things a bit. Double check before you go for it.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Kenny — Sat, 11 Jul 2015 23:15:11 GMT

I've never had a HP for a preapproval from DCU... ever.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Anonymous — Sun, 12 Jul 2015 02:30:42 GMT

Thanks all for chiming in. Now I think about it, I don't think I got an HP for my checking account either. Only when I applied for the home improvement loan.

I think I'm gonna go ahead and pull the trigger when a few TLs report with lower util.

I'll keep you posted.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

Revelate — Sun, 12 Jul 2015 04:16:45 GMT

@Kenny wrote:
I've never had a HP for a preapproval from DCU... ever.

Meh, I have yet to get a DCU pre-approval even if my membership was established in 2000 (granted was inactive for a while but they never outright closed the accounts) have had an auto loan with them and 40 months on a secured card hehe.

Oh well, I know I'm bulletproof for a future auto loan from them and I've heard a rumor I might be able to get my secured card converted w/tradeline history to unsecured, so it's not like I'm not going to drop them out of my portfolio.

@OP: I would suggest the pre-approval is probably solid as a result hehe. They aren't very common apparently.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

prabs99 — Sun, 12 Jul 2015 04:23:41 GMT

For me it was solid. I had 8 inquiries on TU and 2 on EQ.

Re: DCU Pre-Aprroval - How sure of a sure-thing?

TheFate — Sun, 12 Jul 2015 07:08:26 GMT

I had the same offer and was approved.

DCU is on point with their pre approvals and since its a pre approval no hard pull required