topic Re: Affinity & DCU Pre Approvals in Credit Cards

Affinity & DCU Pre Approvals

Cory88 — Thu, 16 Sep 2021 03:10:43 GMT

I know they do the pre approvals every quarter and their is no guaranties that I will get any. So anyone that already has both DCU & Affinity what time each quarter do they do them? Like the first day of the quarter or later in the month?

Re: Affinity & DCU Pre Approvals

KLEXH25 — Thu, 16 Sep 2021 03:27:42 GMT

I know that DCU does them the first day of the quarter, and I believe Affinity does too since I get emails that my preapproved offers end the last day of the quarter.

Re: Affinity & DCU Pre Approvals

Cory88 — Thu, 16 Sep 2021 03:38:45 GMT

@KLEXH25 wrote:
I know that DCU does them the first day of the quarter, and I believe Affinity does too since I get emails that my preapproved offers end the last day of the quarter.

DCU said my FICO as of 27 Aug "753". It's much better if they used a new credit model. LOL. When I spoke to a rep they said it "ok" credit score, I felt like saying if you used FICO 8 or 9 it would be more like 796.

Affinity has yet to post my FICO, but it should be around "790." AMEX EX 8 score.

Are for both a SP if you accept an offer?

I'm hoping that Affinity gives me the PLOC as an offer as I like to have that! Can you use the PLOC with them for just advances? Not just overdraft.

DCU I want just the credit card.

Re: Affinity & DCU Pre Approvals

KLEXH25 — Thu, 16 Sep 2021 03:57:10 GMT

A 753 EQ5 score is more than enough to get approved for the DCU credit card. I've gotten plenty of preapproved offers from them with an equal or lower score. And I definitely get offered their lowest interest rates available, so that shouldn't be an issue. I can say for sure that if you accept a preapproved offer from DCU, there will be no hard pull. I have accepted both a CC CLI offer and an Auto refinance from them, and both were SPs, based on my EQ5 score with them.

As for Affinity, I imagine it works the same way, but I can't confirm since I have not taken them up on any offers. I do currently have a $10k preapproval for their checking LOC, but I'm on the fence about accepting.

ETA - how long have you been a member with either CU? Do you currently have any offers? Or are you hoping some open up in October?

Re: Affinity & DCU Pre Approvals

Cory88 — Thu, 16 Sep 2021 04:04:15 GMT

@KLEXH25 wrote:
A 753 EQ5 score is more than enough to get approved for the DCU credit card. I've gotten plenty of preapproved offers from them with an equal or lower score. And I definitely get offered their lowest interest rates available, so that shouldn't be an issue. I can say for sure that if you accept a preapproved offer from DCU, there will be no hard pull. I have accepted both a CC CLI offer and an Auto refinance from them, and both were SPs, based on my EQ5 score with them.

As for Affinity, I imagine it works the same way, but I can't confirm since I have not taken them up on any offers. I do currently have a $10k preapproval for their checking LOC, but I'm on the fence about accepting.

ETA - how long have you been a member with either CU? Do you currently have any offers? Or are you hoping some open up in October?

Both credit unions about 60 days. LOL. I'm hoping that I will get some but if not it's ok too. I really don't need any other cards on some level it makes you feel good that you can if you need something and are wanted. LOL. I may take a Auto loan if I get a good rate. Only thing that i have right now is a lot of student loans (All current) and they are new this year. Did for DCU have to give any docs after you accepted? Were is Affinity FCU page at. I don't have it anywhere on my page. Can you share the are I can look at? Thanks!

Re: Affinity & DCU Pre Approvals

KLEXH25 — Thu, 16 Sep 2021 23:30:11 GMT

Ah ok. So the accounts are still new. Just make sure you are signed up to receive your free Fico score with each CU (it's the only way to get preapproval offers). DCU gives your score every month and AFCU does it every quarter, I believe. And yeah, I totally get the satisfaction of having an offer lol.

As for finding the offers for AFCU, are you looking on the app or website? They recently updated so it looks different. I'm currently on my phone so I'll show you on the mobile app:

Re: Affinity & DCU Pre Approvals

Cory88 — Thu, 16 Sep 2021 23:30:35 GMT

@KLEXH25 wrote:
Ah ok. So the accounts are still new. Just make sure you are signed up to receive your free Fico score with each CU (it's the only way to get preapproval offers). DCU gives your score every month and AFCU does it every quarter, I believe. And yeah, I totally get the satisfaction of having an offer lol.

As for finding the offers for AFCU, are you looking on the app or website? They recently updated so it looks different. I'm currently on my phone so I'll show you on the mobile app:

Thank you so much for the info. I will call Affinity to make sure I'm sighed up for their FICO. I don't have a FICO yet with them (I have a FICO in general), DCU I have two credit score updates to date. I'm on a computer (mac).

Re: Affinity & DCU Pre Approvals

Taurus22 — Thu, 16 Sep 2021 23:31:35 GMT

Typically with Affinity, the pre-approved offers start appearing around approx. 6 months of membership. On the website they are found on the right side of the front page, next to your listed accounts....

Re: Affinity & DCU Pre Approvals

Cory88 — Thu, 16 Sep 2021 23:32:07 GMT

@Taurus22 wrote:
Typically with Affinity, the pre-approved offers start appearing around approx. 6 months of membership. On the website they are found on the right side of the front page, next to your listed accounts....

Did you accept any of the offers? Was it a SP or a HP? Did they request any docs?

AMEX Charge Cards Mortgage FICO 5

Cory88 — Thu, 16 Sep 2021 21:19:10 GMT

I had herd that AMEX Charge Cards affect Mortgage FICO 5 Scores. I don't know if anyone has any info on that. I'm not looking into a mortgage but it's the score that DCU uses and did not know if that will affect me any having a Charge Card. I'm going to apply and did not know if that will ding my FICO. My FICO EQ 5: 753 but my FICO 8/9 are in the high 795 ish range.

Re: AMEX Charge Cards Mortgage FICO 5

FinStar — Thu, 16 Sep 2021 22:41:54 GMT

If your reported balances are 0 (on any AmEx charge card you currently have -- or the last time your AmEx charge accounts reported), then it shouldn't pose an issue. But, technically, on the older FICO score models, charge card [highest reported] balances are reported as the credit limit.

Re: Affinity & DCU Pre Approvals

Taurus22 — Thu, 16 Sep 2021 23:28:01 GMT

@Cory88 I have not accepted any of the offers showing (else they wouldn't be there...lol) I also didn't apply for the CR card using these, although I do remember it was listed. I actually did my card application over the phone with a CSR and I did receive an EX HP, not thinking anything about those offers at the time.

In a recent conversation with a CSR about the auto loans, she did mention that Affinity does do SP credit checks each quarter when the pre-approved offers refresh. (which makes sense, to generate the offers) She made it clear to me though, that they use FICO 8 auto loan scoring to do auto loans.... .....ok. And other credit products would require an additional HP from FICO 8 bankcard scoring. So I couldn't use a single HP to apply for an auto loan & a PLOC, for instance, since they use different scoring models. That kinda blows. But I would imagine you could still double-dip on the HP if you applied for a CC and PLOC at the same time, since the same scoring model is used.

Re: Affinity & DCU Pre Approvals

Cory88 — Fri, 17 Sep 2021 01:38:55 GMT

@Taurus22 wrote:
@Cory88 I have not accepted any of the offers showing (else they wouldn't be there...lol) I also didn't apply for the CR card using these, although I do remember it was listed. I actually did my card application over the phone with a CSR and I did receive an EX HP, not thinking anything about those offers at the time.

In a recent conversation with a CSR about the auto loans, she did mention that Affinity does do SP credit checks each quarter when the pre-approved offers refresh. (which makes sense, to generate the offers) She made it clear to me though, that they use FICO 8 auto loan scoring to do auto loans.... .....ok. And other credit products would require an additional HP from FICO 8 bankcard scoring. So I couldn't use a single HP to apply for an auto loan & a PLOC, for instance, since they use different scoring models. That kinda blows. But I would imagine you could still double-dip on the HP if you applied for a CC and PLOC at the same time, since the same scoring model is used.

Thanks, for all the info people. Good data points.

Re: Affinity & DCU Pre Approvals

Cory88 — Fri, 17 Sep 2021 14:18:06 GMT

DCU seams to be the better of the two to deal with when it comes to pre approvals. My big fear is that I have a lot of new student loans (7) this year and that mite make it a no go on a cold app vs a pre approvals (I know their is no guaranties) but mite make it better as they are offering it to me.

Re: Affinity & DCU Pre Approvals

KLEXH25 — Fri, 17 Sep 2021 18:35:34 GMT

@Taurus22 wrote:
Typically with Affinity, the pre-approved offers start appearing around approx. 6 months of membership. On the website they are found on the right side of the front page, next to your listed accounts....

Just wanted to comment on this because I started getting preapprovals right away with them. However, I applied for a CC with them within a week of my membership approval, which resulted in a HP, so I think they used that score to show me other preapprovals. Also, those first preapprovals included their other credit cards, however after a few months, the CCs disappeared and all I see is for auto and PLOC. Does anyone else have SP preapprovals for their CCs? I just assumed they require a HP.

Re: Affinity & DCU Pre Approvals

Cory88 — Sat, 18 Sep 2021 00:08:41 GMT

@KLEXH25 wrote:
@Taurus22 wrote:
Typically with Affinity, the pre-approved offers start appearing around approx. 6 months of membership. On the website they are found on the right side of the front page, next to your listed accounts....

Just wanted to comment on this because I started getting preapprovals right away with them. However, I applied for a CC with them within a week of my membership approval, which resulted in a HP, so I think they used that score to show me other preapprovals. Also, those first preapprovals included their other credit cards, however after a few months, the CCs disappeared and all I see is for auto and PLOC. Does anyone else have SP preapprovals for their CCs? I just assumed they require a HP.

I was told my many reps that HP for cold apps and Pre Approvals. When I joined they told me a different story, it was in Jul 2021 so unless something changed lately.

DCU Pre Approvals!

Cory88 — Fri, 01 Oct 2021 22:08:33 GMT

It's 01 Oct has anyone gotten any offers yet?

Re: DCU Pre Approvals!

coldfusion — Fri, 01 Oct 2021 22:35:16 GMT

Not related to a credit card, but I do have refreshed offers.

Re: DCU Pre Approvals!

Murph2 — Fri, 01 Oct 2021 23:47:00 GMT

i have all the usual offers, auto loan 50k 1.99%, CC 10k 8.5% n all the others

Re: DCU Pre Approvals!

FinStar — Sat, 02 Oct 2021 00:16:11 GMT

@Cory88 wrote:
It's 01 Oct has anyone gotten any offers yet?

@Cory88-- two threads have been merged given you have asked for similar feedback less than 30 days ago. Please refrain from creating multiple topics on basically the same subject as it can create confusion for the community and is against the TOS. Thanks!