topic Re: AOD Visa Siggy Discussion Thread in Credit Cards

AOD Visa Siggy Discussion Thread

PullingMeSoftly — Sat, 26 Dec 2020 00:10:18 GMT

The unicorn that's more than the flavor of the month...3% flat-rate cash back card from Anniston Ordnance Depot (AOD) Federal Credit Union. Discuss your experience, interface with AOD's card management, denial DP's, and other relevant info relating to the Visa Signature card here.

For approvals and information pertaining to known approval factors (DP's, pulls, limits, APR's, etc), known successful eligibility memberships and paths for eligibility, go to the approval thread.

For card pics and discussion about the card's appearance/material properties, use the card design thread. (Thanks @Anonymous )

@fiddycal's original thread can also be referenced here.

(Courtesy of @M_Smart007 )

(Courtesy of @Hut1 )

Re: AOD Visa Siggy Discussion Thread

AllZero — Thu, 30 Apr 2020 18:30:12 GMT

👍 Maybe a link to the closed thread too?

Re: AOD Visa Siggy Discussion Thread

Anonymous — Thu, 30 Apr 2020 18:32:58 GMT

How long is it taking people to receive their cards? I was approved on 4/21, all docusigns done that day. Still haven't received my card as of yesterday's mail.

Re: AOD Visa Siggy Discussion Thread

Gmood1 — Thu, 30 Apr 2020 18:37:30 GMT

@Anonymous

It was 7 days for me, but that's right before the tidal wave.

Looks like 9 days or so from some of these post.

And of course, it also depends on how far from Omaha you are.

Re: AOD Visa Siggy Discussion Thread

CBrow — Thu, 30 Apr 2020 18:37:42 GMT

@Anonymous wrote:
How long is it taking people to receive their cards? I was approved on 4/21, all docusigns done that day. Still haven't received my card as of yesterday's mail.

I was also a 4/21 approval. Mine arrived 7 days after approval and Docusign completion.

Re: AOD Visa Siggy Discussion Thread

Anonymous — Thu, 30 Apr 2020 18:41:25 GMT

Alrighty, I'll give it a couple more days then give them a call if it hasn't arrived.

Re: AOD Visa Siggy Discussion Thread

Eagered2succeed — Thu, 30 Apr 2020 18:53:18 GMT

@Anonymous wrote:
How long is it taking people to receive their cards? I was approved on 4/21, all docusigns done that day. Still haven't received my card as of yesterday's mail.

My experience is probably a little different as my agent moved like snail mail, but I was approved on 4/23. Didn't receive docusign docs until the following day and he sent for my card to be opened on 4/28. Following showing in my online accounts. I presume I will have my card by 5/8. Definitely the longest approval process I've ever had.

Re: AOD Visa Siggy Discussion Thread

Anonymous — Thu, 30 Apr 2020 18:57:53 GMT

Membership docusign & cc do over docusign app done on 4/20. Received card on 4/28. When setting up elink you must contact AOD for temporary password.

Re: AOD Visa Siggy Discussion Thread

Aim_High — Thu, 30 Apr 2020 19:03:20 GMT

@Anonymous wrote:
How long is it taking people to receive their cards? I was approved on 4/21, all docusigns done that day. Still haven't received my card as of yesterday's mail.

Mine took 9 days but I was also towards the front of the "wave."

See my approvals thread which updated with card receipt date:

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/AOD-FCU-Visa-Signature-25K-7-49/m-p/5998229#M676145

Re: AOD Visa Siggy Discussion Thread

Aim_High — Thu, 30 Apr 2020 19:33:23 GMT

*Out of respect for moderator request (@CreditCuriosity), the following question was moved from the "The Anniston Tidal Wave…AOD FCU Approvals Thread" for answer and discussion here.

(https://ficoforums.myfico.com/t5/Credit-Card-Approvals/The-Anniston-Tidal-Wave-AOD-FCU-Approvals-Thread/m-p/6004710#M677285)

=====================

@Anonymous wrote:

I was asked for income docs above and beyond the pic of a check stub. I was asked for W2 or tax returns. I sent them my 1099 which is only half of my declared income because my wife and I are both Realtors and we split our income. I was then told they were declining me due to dti issues. My utilization is about 10% so not sure what they are looking at?
Good luck.

=====================

@Anonymous, sorry for your denial! Other postings about AOD have indicated that not only are they sensitive to and conservative about Debt To Income, but they don't look at all incomes the same way. One poster mentioned that they only took the straight 40-hour work week pay figure and excluded overtime and bonuses. So it appears they are trying to only depend on a "safe, reliable, and consistent" income standard, not one that could be variable. It's a very conservative approach. I'm not sure where that leaves people who are 1099's or depend on commission pay for most or all of their income.

It may also be industry-specific concerns since the coronavirus impact on the economy reportedly has dampened the realty market, and with both your household incomes from that industry it could put you more at risk.

They also may not have wanted you to list "household" income unless the card was a joint application. I never put household income unless a lender specifically asks for it, only individual. That might have tipped their hand to just throw the whole application out, especially if you told them about you working together and splitting income with your wife.

Also members have reported that the way student loan repayments are calculated often is conservative and assumes a debt repayment higher than your actual payment may be. Not sure if there's any way to override this calculation.

Most of my credit cards have not asked me for income verification, even some of those going back decades. This credit union underwrites credit loans similar to the process for a mortgage loan where documentation is asked.

I'm not sure if it would help your situation, but perhaps you could call and talk to underwriting to find out how they did their calculations. You might be able to convince them to reconsider, but if nothing else you might get information about how they do the numbers which would help other 1099's or commissioned sales people behind you.

Good luck!

Re: AOD Visa Siggy Discussion Thread

PrimeInterest — Thu, 30 Apr 2020 19:45:43 GMT

Does anyone know exactly what Visa Signature benefits this card includes?

I called the number on the card and they referred me back to AOD. I don't want to bother them knowing how busy they are.

I'm wondering if there are unwritten perks (insurances, warranties, purchase/price protections, etc.), since no concierge service is mentioned anywhere yet the card has a concierge 1-800 number on the back.

Re: AOD Visa Siggy Discussion Thread

CreditCuriosity — Thu, 30 Apr 2020 20:40:22 GMT

@PrimeInterest wrote:
Does anyone know exactly what Visa Signature benefits this card includes?

I called the number on the card and they referred me back to AOD. I don't want to bother them knowing how busy they are.

I'm wondering if there are unwritten perks (insurances, warranties, purchase/price protections, etc.), since no concierge service is mentioned anywhere yet the card has a concierge 1-800 number on the back.

Most of the useful perks such as price protection/extended warranties, etc are a thing of the past. mainly 99% of visa signature benefits no one will ever use. Never used any of my benefits and about all my cards are signatures/wemc. Only perks ever use is amex platinum concierge and ritz jpm concierge as well to obtain reservations/tickets that needed a bit of extra push to open a table or what not up in turn either amex or chase probably did them a favor back of some sort to keep joe customer happy. With that said doubt it even reports as a flexible spending account at least when i saw it on experian when reported dont recall seeing that nor most of my CU cc's that have huge limits that are signatures.

Re: AOD Visa Siggy Discussion Thread

Mv350 — Sun, 06 Dec 2020 03:57:17 GMT

Heads up AOD has added the ability to make payments from the mobile app.

Re: AOD Visa Siggy Discussion Thread

Taurus22 — Fri, 01 May 2020 00:26:20 GMT

@Mv350 I noticed that on mine as well. Seems they are adapting....

Also, I got my first paper statement today for the card. I was hoping the opt-in for e-statements from the checking/savings would also apply to the card, but they sent paper. But the statement itemizes all charges and also shows the 3% rewards at the very end of the statement. Pretty detailed.

Interesting that the rewards aren't shown on the portal, but when the statement cuts they have already automatically deducted your rewards % from the total due. You have to add all your charges for the month and do your 3% math to determine that it is correct, which mine was. They really need to add the rewards accumulation throughout the month on that portal.

Re: AOD Visa Siggy Discussion Thread

Gmood1 — Sun, 06 Dec 2020 03:57:41 GMT

@Mv350 wrote:
Heads up AOD has added the ability to make payments from the mobile app.

AOD is evolving right before our eyes! Good deal!

I wonder if you can add more than one payment account? If not, that would be a great option to have.

Re: AOD Visa Siggy Discussion Thread

CreditCuriosity — Fri, 01 May 2020 00:29:17 GMT

Impressed with card so far also have had one statement cut got 3% and still working perfectly.. Fingers crossed that 3% is here to stay

Re: AOD Visa Siggy Discussion Thread

Anonymous — Fri, 01 May 2020 00:33:15 GMT

@CreditCuriosity wrote:
Impressed with card so far also have had one statement cut got 3% and still working perfectly.. Fingers crossed that 3% is here to stay

Hope so for those involved! To me, the automatic 3% redemption makes things even more risky for the issuer, as there is no breakage. (We know people here who store up rewards for ages). OTOH, Penfed managed with the automatic 5% reward on gas, even though that card is no longer available to new users.

Re: AOD Visa Siggy Discussion Thread

blindambition — Sun, 06 Dec 2020 03:58:17 GMT

@Gmood1 wrote:
@Mv350 wrote:
Heads up AOD has added the ability to make payments from the mobile app.

AOD is evolving right before our eyes! Good deal!
I wonder if you can add more than one payment account? If not, that would be a great option to have.

You could add checking and savings at Make Payment link. Not sure if you could do more than 1 each.

Im glad I can pay from app now. Less hassle and steps.

Re: AOD Visa Siggy Discussion Thread

Anonymous — Fri, 01 May 2020 01:37:42 GMT

@CreditCuriosity wrote:
@PrimeInterest wrote:
Does anyone know exactly what Visa Signature benefits this card includes?

I called the number on the card and they referred me back to AOD. I don't want to bother them knowing how busy they are.

I'm wondering if there are unwritten perks (insurances, warranties, purchase/price protections, etc.), since no concierge service is mentioned anywhere yet the card has a concierge 1-800 number on the back.
Most of the useful perks such as price protection/extended warranties, etc are a thing of the past. mainly 99% of visa signature benefits no one will ever use. Never used any of my benefits and about all my cards are signatures/wemc. Only perks ever use is amex platinum concierge and ritz jpm concierge as well to obtain reservations/tickets that needed a bit of extra push to open a table or what not up in turn either amex or chase probably did them a favor back of some sort to keep joe customer happy. With that said doubt it even reports as a flexible spending account at least when i saw it on experian when reported dont recall seeing that nor most of my CU cc's that have huge limits that are signatures.

Yeah it just reports as a regular credit card for me where my SavorOne is a flexible spending card and reports as such.

I haven't heard of a VISA Signature that doesn't come with extended warranty benefits of at least a year, it's just MasterCard that got rid of them, but I don't really want to go through the work to find out what the specific benefits are on this card since I never use them anyway. With having the concierge, I am sure it's at least the standard VS bennies.

Re: AOD Visa Siggy Discussion Thread

Anonymous — Fri, 01 May 2020 01:44:11 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
Impressed with card so far also have had one statement cut got 3% and still working perfectly.. Fingers crossed that 3% is here to stay
Hope so for those involved! To me, the automatic 3% redemption makes things even more risky for the issuer, as there is no breakage. (We know people here who store up rewards for ages). OTOH, Penfed managed with the automatic 5% reward on gas, even though that card is no longer available to new users.

Yep I'm concerned for the same reason but they clearly have done the math and decided they can do it since the card is still up despite them finding their way to myFICO. I expect they'll shut abusers down fairly quickly though.