topic Re: OCCU ELIGIBILITY in Credit Cards

OCCU ELIGIBILITY

virgo — Tue, 20 May 2014 19:22:10 GMT

Apparently OCCU has changed their eligibility requirements for membership and or cards. Oh well.

Re: OCCU ELIGIBILITY

Involver — Tue, 20 May 2014 19:24:35 GMT

Yes this happened a few months ago.

Re: OCCU ELIGIBILITY

compassion101 — Tue, 20 May 2014 22:36:50 GMT

Changed it to what? Are existing cardholders grandfathered in?

Re: OCCU ELIGIBILITY

B335is — Tue, 20 May 2014 22:53:43 GMT

@compassion101 wrote:
Changed it to what? Are existing cardholders grandfathered in?

Nope, I was one of many they kicked to the curb. The purge started in January 2014.

Re: OCCU ELIGIBILITY

Burned2manybridgesB4 — Tue, 20 May 2014 22:58:48 GMT

Had mine since Aug '13. Still on, still using it. Not one bit of criteria fit.

Re: OCCU ELIGIBILITY

Ron1 — Tue, 20 May 2014 22:59:55 GMT

My Duck card was opened in Oct of last year. It is still active.

Ron.

Re: OCCU ELIGIBILITY

wHiTeSoL — Wed, 21 May 2014 02:19:49 GMT

I'm with Ron, still open.

Re: OCCU ELIGIBILITY

grinlikechelsea — Wed, 21 May 2014 02:23:13 GMT

Was there any rhyme or reason on which accounts got purged? I remember following that and I never understood why some accounts were flagged and closed and others weren't.

Re: OCCU ELIGIBILITY

B335is — Wed, 21 May 2014 02:53:06 GMT

@grinlikechelsea wrote:
Was there any rhyme or reason on which accounts got purged? I remember following that and I never understood why some accounts were flagged and closed and others weren't.

I just got the standard form letter that I didn't fit their criteria. Nothing negative on my reports or anything, I've always had a tough time with ~~amateurs~~ CU's for whatever reason.

Re: OCCU ELIGIBILITY

virgo — Wed, 21 May 2014 03:00:26 GMT

you go on there website now and click on 'are you a member' and put 'no' it brings you to an eligibility screen.. Its pretty self explantory from there.

Its too bad, they have really nice customer service people. I was hoping to get a card with them.

Although I did find out a couple of things. They use Fico 04 scoring model and the min score needed is 620. . Found this out the hard way after applying.

MyFico score from here says my score is 650, But this site uses Fico 08. Because OCCU uses Fico 04 they pulled a 609. Far below what is needed. That is a 42 pt difference. I called MyFico and was told to ask what scoring model is used before I ap[ly. Really?! Well, I tried that. I called all the majors and someminors. How many do you think know the scoring model that is used? Zero.

Is it any wonder why there are so many declines and inquiries building up on CR's.

This also explains why Chase has so many approvals on re-cons. They are purely a judgemental creditor. They rarely look at score alone.

Where does that leave the consumer? As usual, at the bottom. Your thoughts are appreciated.

Re: OCCU ELIGIBILITY

awp317 — Wed, 21 May 2014 06:03:17 GMT

I am according to them still open as well, however i lost the card almost 3 months ago and still have not received my replacement, I have requested it 7 times, always told by the representitive they didnt see the request and they go ahead and "request" it, just called last friday so maybe lucky number 7 will be it!. So while my account hasnt been closed, im not able to use the account and they dont want me to it seems.