topic Re: DCU Pre-Approved CLI on Visa Card Question??? in Credit Cards

DCU Pre-Approved CLI on Visa Card Question???

Anonymous — Thu, 06 Jul 2017 15:05:00 GMT

DCU is showing an approved increase on my Visa card from $5000 to $10,000 that I can accept. Before I hit the accept button can anyone advise whether this pre-approval is a soft pull or hard pull. I would love the larger limit so I can balance transfer at a future date but it's not important enough to burn a hard pull at this time.

Thanks for any help.

Re: DCU Pre-Approved CLI on Visa Card Question???

pipeguy — Thu, 06 Jul 2017 16:02:17 GMT

I would assume its not a HP considering they've already "approved" you, however you can call or SM and see what they say. If it was me, I wouldn't care... HP's are for getting better lines and cards and that's what they are for (I know you didn't ask that).

Re: DCU Pre-Approved CLI on Visa Card Question???

Anonymous — Thu, 06 Jul 2017 21:45:18 GMT

@pipeguy wrote:
I would assume its not a HP considering they've already "approved" you, however you can call or SM and see what they say. If it was me, I wouldn't care... HP's are for getting better lines and cards and that's what they are for (I know you didn't ask that).

Thanks for your response. I am not much on calling and I tried their chat link that didn't work. I also sent the question in email yesterday but have not received any response. They are usually quite quick in their response but not this time.

Re: DCU Pre-Approved CLI on Visa Card Question???

Anonymous — Thu, 06 Jul 2017 22:54:07 GMT

My experience with DCU is that it's always a hard pull, even pre-approvals.

Re: DCU Pre-Approved CLI on Visa Card Question??? - UPDATED W/Response

Anonymous — Fri, 07 Jul 2017 01:40:18 GMT

@Anonymous wrote:
My experience with DCU is that it's always a hard pull, even pre-approvals.

This is the response I finally received from DCU:

Thank you for your secure email with regard to increase of your VISA
credit limit. My name is XXXXX and I am happy to assist you today.

When you see approvals in your Loan Suite in online banking when it says
"pre-approved" there is not a credit pull needed. Simply click on the
apply link and an application is generated to the loan team. Typically
within 1 business day after accepting your offer, an email is sent to
you with a link to upload your most recent pay stub.

This answered my question. When I accepted I had to list monthly income but they have not asked me to send any proof regarding the income thus far. A screen popped up saying Congratulations your VISA increased from $5000 to $10,000.

Re: DCU Pre-Approved CLI on Visa Card Question??? - UPDATED W/Response

DeeBee78 — Sat, 08 Jul 2017 04:13:39 GMT

@Anonymous wrote:
@Anonymous wrote:
My experience with DCU is that it's always a hard pull, even pre-approvals.
This is the response I finally received from DCU:

Thank you for your secure email with regard to increase of your VISA
credit limit. My name is XXXXX and I am happy to assist you today.

When you see approvals in your Loan Suite in online banking when it says
"pre-approved" there is not a credit pull needed. Simply click on the
apply link and an application is generated to the loan team. Typically
within 1 business day after accepting your offer, an email is sent to
you with a link to upload your most recent pay stub.

This answered my question. When I accepted I had to list monthly income but they have not asked me to send any proof regarding the income thus far. A screen popped up saying Congratulations your VISA increased from $5000 to $10,000.

I believe only require income verification on new loans, not CLI's. This looks like a combination of two different answers.

Notice they said, "when you click the apply link," when there is no apply link for preapprovals, it says, "accept"

You're probably good to go.