topic Re: the duck card question in Credit Cards

the duck card question

slap_happy — Fri, 18 Oct 2013 20:36:33 GMT

hey guys, seeing a lot of talk about the duck and beaver recently,

I checked the card out, mostly 2x gas and grocery, 1x everything else, 3x duck stuff but not all of us like the ducks lol

seems like the rewards are not great, lots of other cards with better stuff, so i was trying to understand what all the fuss is about...

is it that they are giving out high CL's? that seems to be to me the only "good thing" about the card. am I missing something?

Re: the duck card question

09Lexie — Fri, 18 Oct 2013 20:39:47 GMT

I think its the high CL's and the fact that you do not have to be a member of the CU.

Re: the duck card question

Anonymous — Fri, 18 Oct 2013 20:52:30 GMT

Yeah I think it was the high CL's they were giving out. I applied and received a $1000 limit and now I'm wondering why i ever applied for the card in the first place...I'll keep it for the extra CL but I don't think it will be in my long term plans.

Re: the duck card question

FinStar — Fri, 18 Oct 2013 20:56:52 GMT

@slap_happy wrote:
hey guys, seeing a lot of talk about the duck and beaver recently,
I checked the card out, mostly 2x gas and grocery, 1x everything else, 3x duck stuff but not all of us like the ducks lol
seems like the rewards are not great, lots of other cards with better stuff, so i was trying to understand what all the fuss is about...
is it that they are giving out high CL's? that seems to be to me the only "good thing" about the card. am I missing something?

Not sure what you mean about "big fuss" just like other posters have mentioned what the big fuss is about having a Visa Signature or even someone asking about the big fuss on the CSP.

Generally, individuals will gravitate to any new trends or products based on demand, experiences, feedback or simple curiosity - perhaps exiting a horrible bank relationship?...remember the Discover it? How many flocked to that!?

IME, it was an easy choice based on my own research and the ease of not having to be pegged to a membership requirement with OCCU just to apply for specific producs - plus one HP overall. And, I can always expand the relationship beyond just the CC. It this were NFCU, by the time I finish posting this message, I would have incurred roughly 20 HPs? maybe Lexie can chime in... LOL. Generous CLs? Sure. Great overall C/S? Absolutely. Competitive products or rewards comparable to peer CUs or similarly sized CBs? To a great extent, but not horrible by any means.

Most CUs can require an initial membership, but on the upside, offer very generous benefits with the overall relationship. It also just happens that NFCU is out of reach for me, and I didn't gain much momentum or interest in others like SDFCU, DCU or Alliant.

Re: the duck card question

DiabolicallyRandom — Fri, 18 Oct 2013 21:27:54 GMT

I already have cards that meet my spending habits. It was mostly curiosity that was rewarded with a high limit. I figure I will just use it for small things that have no better rewards options.

Re: the duck card question

B335is — Fri, 18 Oct 2013 21:43:31 GMT

Like others have posted I did not get this card for the rewards. It was an easy in with a CU for me. I am not eligible for NFCU or anything similar so this was the next best thing.

Re: the duck card question

09Lexie — Fri, 18 Oct 2013 21:45:33 GMT

@FinStar

That's 20+1 hp for typing NFCU.

Re: the duck card question

slap_happy — Fri, 18 Oct 2013 21:50:21 GMT

ok, I would consider myself new to credit cards and what I mean by that is I had CC my whole life but did not Understand them the way I do now via this board,, you guys have helped my alot within just a few short months, my fakos have jumped 100+ points in 3 months, I can only imagine what my real fico is, my facos are in the low 800's now where they were in the 650's in july.

you guys mention that you are getting in with a CU. is there a benifit with that?

Re: the duck card question

B335is — Fri, 18 Oct 2013 21:54:41 GMT

I did mostly to expand my financial relationships. They may offer more competitive financing (car, house) down the road as well.

Also, if one bank shuts down my credit for whatever reason I feel others will most likely follow, but CU not necessarily

Re: the duck card question

slap_happy — Fri, 18 Oct 2013 21:58:49 GMT

@B335is wrote:
I did mostly to expand my financial relationships. They may offer more competitive financing (car, house) down the road as well.

Also, if one bank shuts down my credit for whatever reason I feel others will most likely follow, but CU not necessarily

ok, another question, I live in FL, you mention car, house ect. obviously I would not be a member of OCCU since they are in oregon, wouldnt that pose a problem?

Re: the duck card question

emptypockets — Fri, 18 Oct 2013 22:02:45 GMT

OCCU does not have residency requirements for the Duck or Beaver cards.

Re: the duck card question

B335is — Fri, 18 Oct 2013 22:03:37 GMT

Not necessarily. They dont seem to have residency restrictions, but I didnt get into all those details with their analyst. Its another potential financial option opened in the future.

Re: the duck card question

FinStar — Fri, 18 Oct 2013 22:04:33 GMT

@slap_happy wrote:
@B335is wrote:
I did mostly to expand my financial relationships. They may offer more competitive financing (car, house) down the road as well.

Also, if one bank shuts down my credit for whatever reason I feel others will most likely follow, but CU not necessarily
ok, another question, I live in FL, you mention car, house ect. obviously I would not be a member of OCCU since they are in oregon, wouldnt that pose a problem?

You would need to contact them to determine what products would be offered outside of their general footprint area. Not all CUs have the ability to underwrite specific products beyond membership or their specific charters.

Re: the duck card question

Anonymous — Mon, 11 Nov 2013 21:14:59 GMT

oh well in my app-0rama i got the 7-10 letter for applying for the DUCK.. no biggie i scored many other great cards already..i guess my run is over.

Re: the duck card question

armbenderc — Mon, 11 Nov 2013 21:18:49 GMT

@Anonymous wrote:
oh well in my app-0rama i got the 7-10 letter for applying for the DUCK.. no biggie i scored many other great cards already..i guess my run is over.

Did you call them?

Re: the duck card question

Anonymous — Mon, 11 Nov 2013 22:37:45 GMT

nope.. there closed today for holiday

Re: the duck card question

Credit-hoarder — Tue, 12 Nov 2013 00:43:50 GMT

@Jbb2788: I felt the same way you do when I got the $1500 CL. But in all fairness at the time I app'ed my 2nd highest CL reporting was Discover IT-$1400 so they probably were "matching" that limit b/c my credit is not stellar. But at least it is 0% APR for 12 months. I'll see what the first CLI looks like before I send the card packing after the 12 mos. is over.