topic Re: Duck, Beaver, BBVA, etc in Credit Cards

Duck, Beaver, BBVA, etc

DoroLucky — Thu, 07 Apr 2016 11:12:10 GMT

the Blispay madness has made lots of people mention the Duck and Beaver cards. Some of us weren't here for that train and don't know the story behind these references and/or cards. Can someone tell the rest of us what that was about? I hope it's as entertaining as anticipated.

****Edited and added BBVA, etc**** spillage please, we want to hear all the juicy deets!

Thanks,

Signed all the newbs

Re: Duck and Beaver

Anonymous — Thu, 07 Apr 2016 06:48:53 GMT

yeah, newb here. BBVA was mentioned too. i wonder what happened there as well.

Re: Duck and Beaver

lhcole77 — Thu, 07 Apr 2016 06:53:28 GMT

A few years ago a credit union out of Oregon was giving HUGE limits to applicants who had good scores AND not so good scores.

Gravy train ensued. Apps went crazy.

Then the CU shut down most cards, citing crazy reasons like fraud management, etc.

They over extended themselves, got hit with a lot of apps, then took most back.

It was hella cray!

ETA: CU serviced OSU and UO and the cards had beavers and ducks on them (OSU Beavers, UO Ducks)

Re: Duck and Beaver

Anonymous — Thu, 07 Apr 2016 07:02:33 GMT

@lhcole77 wrote:
A few years ago a credit union out of Oregon was giving HUGE limits to applicants who had good scores AND not so good scores.

Gravy train ensued. Apps went crazy.

Then the CU shut down most cards, citing crazy reasons like fraud management, etc.

They over extended themselves, got hit with a lot of apps, then took most back.

It was hella cray!

ETA: CU serviced OSU and UO and the cards had beavers and ducks on them (OSU Beavers, UO Ducks)

And pretty much the same thing happened with BBVA.

Re: Duck and Beaver

baller4life — Thu, 07 Apr 2016 09:27:27 GMT

@lhcole77 wrote:
A few years ago a credit union out of Oregon was giving HUGE limits to applicants who had good scores AND not so good scores.

Gravy train ensued. Apps went crazy.

Then the CU shut down most cards, citing crazy reasons like fraud management, etc.

They over extended themselves, got hit with a lot of apps, then took most back.

It was hella cray!

ETA: CU serviced OSU and UO and the cards had beavers and ducks on them (OSU Beavers, UO Ducks)

OCCU Duck, OSU Beaver

Yep, there was an app frenzy just like this Blispay. Everywhere you looked Duck Duck Beaver Beaver. $10k, $20k limits being handed out like candy. Then all of a sudden everyone's cards stopped working. They lied and said there was a data breach. WRONG. They simply got in over their heads with all those crazy approvals. And closed the majority of all those cards they approved. It was absolutely horrible!

Re: Duck and Beaver

DoroLucky — Thu, 07 Apr 2016 11:14:04 GMT

@beautifulblaquepearl wrote:
@lhcole77 wrote:
A few years ago a credit union out of Oregon was giving HUGE limits to applicants who had good scores AND not so good scores.

Gravy train ensued. Apps went crazy.

Then the CU shut down most cards, citing crazy reasons like fraud management, etc.

They over extended themselves, got hit with a lot of apps, then took most back.

It was hella cray!

ETA: CU serviced OSU and UO and the cards had beavers and ducks on them (OSU Beavers, UO Ducks)
And pretty much the same thing happened with BBVA.

Can we get the juicy deets please lol. Thanks!

Re: Duck and Beaver

DoroLucky — Thu, 07 Apr 2016 11:16:10 GMT

They don't know mfico'ers just sitting here refreshing and waiting for the next train?? LMAO

Re: Duck and Beaver

pipeguy — Thu, 07 Apr 2016 11:24:05 GMT

I didn't go for the Ducks or Beavers, but as far as BBVA I applied, was approved for a $20k SL and have had ZERO issues using this card, so I'm not sure the BBVA card should be tossed in with the critter cards. I know some people had issues with BBVA verifiying their ID, and I'm sure to those few it was a major PITA, but I don't think its on the same scale as having "most" issued cards approved and months later canceled due to the backer.

Re: Duck and Beaver

deltatee — Thu, 07 Apr 2016 11:30:52 GMT

Do a search on the forums for the long thread documenting the chaos. Someone posted it not too long ago, and it is a rather shocking read. Definitely worth a lunch break to read!

Re: Duck, Beaver, BBVA, etc

baller4life — Thu, 07 Apr 2016 11:33:02 GMT

BBVA NBA Amex was another "flavor of the month" and yes many had "unable to verify identity" issues. They were not able to open cards at all due to that issue. But those of us that were able to open cards are still up and running just fine. So you can't really put BBVA with the OCCU train wreck. People are still apping BBVA NBA to this day and getting approved. They just have a very strange application process and apparently have removed online apping capabilities. You now have to apply at a branch.

Re: Duck and Beaver

DoroLucky — Thu, 07 Apr 2016 11:36:38 GMT

@deltatee wrote:
Do a search on the forums for the long thread documenting the chaos. Someone posted it not too long ago, and it is a rather shocking read. Definitely worth a lunch break to read!

I saw that thread but never clicked on it. Went looking for it and couldn't find it. Also I'm on mobile, so it's kinda annoying for me. I'll look from my desktop when I get to work. But hopefully someone will post the link here LOL

Re: Duck, Beaver, BBVA, etc

DoroLucky — Thu, 07 Apr 2016 11:40:17 GMT

Guys thanks for clarity on BBVA from your experience but we still want to hear about the other it didn't work for.

Re: Duck, Beaver, BBVA, etc

DoroLucky — Thu, 07 Apr 2016 11:43:14 GMT

I'm honestly tempted to get on the BLISPAY train just for the heck of it since it seem like they only pull EXP. However my goal of buying a house and refi'ing my car deters me from adding yet another CC. See that was easy....the itch is now gone since reality kicked in LMAO!

Re: Duck, Beaver, BBVA, etc

SunriseEarth — Thu, 07 Apr 2016 12:00:24 GMT

There have definitely been a number of FOTM cards. Some have been good...others, not so much.

Citi DC was a FOTM when it came out. The frustration for those cards were low initial CLs and people doing 2nd HPs to get decent CLs. I jumped on that bandwagon and regret it, although many people are very happy with their CCs and it's been a stable product.

NASA CC was another FOTM for the SP approvals and large CLs...and the cool looking cards! It's not a bad card either, but doesn't fit my needs.

Overstock was another FOTM...SCT, SP approval, large initial CLs and typically an instant CLI. Monthly CLIs after that were common. I used my card once and only once for special financing. I will close it sometime between now and the end of the year.

Re: Duck, Beaver, BBVA, etc

baller4life — Thu, 07 Apr 2016 12:20:15 GMT

Oh and we can't forget Diners Club and all the fat approvals. Then abruptly suspended apps because they ran out of plastic to print cards and never re-opened applications.

Re: Duck, Beaver, BBVA, etc

Anonymous — Thu, 07 Apr 2016 12:38:18 GMT

@baller4life wrote:
Oh and we can't forget Diners Club and all the fat approvals. Then abruptly suspended apps because they ran out of plastic to print cards and never re-opened applications.

Some of that was also the hidden trade line, which people were up in arms about when it reported.

Re: Duck, Beaver, BBVA, etc

pipeguy — Thu, 07 Apr 2016 16:34:54 GMT

@baller4life wrote:
Oh and we can't forget Diners Club and all the fat approvals. Then abruptly suspended apps because they ran out of plastic to print cards and never re-opened applications.

I got in on that too at a $20k SL (still at that limit), the bonus was that it did not report for 18 months which allowed me to carry some family "estate expenses" on that card for over a year without hitting my utility report. Finally reported to the CRA's last month, it now carries a $00.00 statement balance but pads the over all utility. Still think the "critter cards" were more of a FOTM that crashed and burned.

Ed/Add: If this was last year I'd probably go for the Blispay Visa (737 EX, 786 TU, 767 EQ) but frankly I don't need another $5-10k card even with the nice 6 months same as cash attractive option. Right now I'm carrying a zero percent balance on one card and a Lowes promotional project balance at 5.99%, everything else is PIF every month. If this was a $20k CLI card I might take it and close out one or more of my 10k cards - IF and only IF the card proved to stick around.

My goal for 2016 is to get under 12 cards all with $15k plus limits.

Re: Duck, Beaver, BBVA, etc

Anonymous — Thu, 07 Apr 2016 14:03:55 GMT

BBVA's isn't as bad as the duck/beaver cards. They do have weird issues, like opening an account and then locking it for identity verification (verify identity first...), closing the card on first swipe for fraud, and even suspending cards during the 5% back bonus period. But the cases were more isolated than Oregon.

Oregon's first mistake was giving big limits to nonmembers and their second mistake was shutting down the accounts and lying about it. Their risk management was god awful and it led to a lot of people taking hard pulls and AAoA hits for an account that was closed a few months later. Some people did at least leverage those high CLs into other high CLs.

Re: Duck and Beaver

gdale6 — Thu, 07 Apr 2016 15:57:23 GMT

@DoroLucky wrote:
@deltatee wrote:
Do a search on the forums for the long thread documenting the chaos. Someone posted it not too long ago, and it is a rather shocking read. Definitely worth a lunch break to read!
I saw that thread but never clicked on it. Went looking for it and couldn't find it. Also I'm on mobile, so it's kinda annoying for me. I'll look from my desktop when I get to work. But hopefully someone will post the link here LOL

http://ficoforums.myfico.com/t5/Credit-Cards/OCCU-Duck-and-Beaver-cards-compromised-Keep-an-eye-on-your/m-p/2764491/highlight/true#M789090

Re: Duck, Beaver, BBVA, etc

baller4life — Thu, 07 Apr 2016 16:11:30 GMT

Yup that's the massacre thread. Sad sad day on MF!