Thanks for your reply, pizza pie!
Sorry, I know that was bad
I've been a member of nfcu, both personal and biz, since june. Jumped through all the business hoops, took a few days to get it sorted.
Silly me, I was going by what the csr told me. You are correct, nowhere on the app she sent me does it ask for poi.
In your esteemed opinion, should I app for a 50k card, and risk being asked for poi, or cap it at 25? If my request is too high, will they counter with a lower one that they like, similar to amex?
Thanks and cheers
Sorry, I know that was bad
I've been a member of nfcu, both personal and biz, since june. Jumped through all the business hoops, took a few days to get it sorted.
Silly me, I was going by what the csr told me. You are correct, nowhere on the app she sent me does it ask for poi.
In your esteemed opinion, should I app for a 50k card, and risk being asked for poi, or cap it at 25? If my request is too high, will they counter with a lower one that they like, similar to amex?
Thanks and cheers
Thanks habu
They sure want a lot of stuff for a credit card
I'm assuming that was all you apped for at that time, and it wasn't a combined app for multiple biz products?
Weird that they wouldn't at least counter, saying, here's the SL we'll give you with POI, here's what we'll give you without.
I'm doing a weird real estate transaction. I can't do a regular mortgage because the seller refuses to be in contract longer than 2 weeks. So I'm looking for a business card with a low interest cash advance. Purchase the prop through non traditional means, then refi traditionally after I'm in title.
I have personal CU cards with good CA rates, but I don't want to beat up my score with util prior to a refi, hence CU biz cards. Easy.
Hopefully.
They sure want a lot of stuff for a credit card
I'm assuming that was all you apped for at that time, and it wasn't a combined app for multiple biz products?
Weird that they wouldn't at least counter, saying, here's the SL we'll give you with POI, here's what we'll give you without.
I'm doing a weird real estate transaction. I can't do a regular mortgage because the seller refuses to be in contract longer than 2 weeks. So I'm looking for a business card with a low interest cash advance. Purchase the prop through non traditional means, then refi traditionally after I'm in title.
I have personal CU cards with good CA rates, but I don't want to beat up my score with util prior to a refi, hence CU biz cards. Easy.
Hopefully.
The asking of Tax returns is not something new, and I think it just depends on which UW gets the business app 
They will pull personal credit, but if approved it doesn't report to personal or business that Ive been told.
I had a list of questions for my financial rep who has my account to ask the UW, and that was one of them. When I applied, (6 months ago, and declined), I wasn't asked for any financials, and I did request the Visa at $5k hoping for an approval, or at the least a counter offer to their min they will give for a card of $2.5.
Rep said they try to always approve for a min of $10k on biz cards, and counter to $5k if they can't, rarely will they ever do the min.
The application did have a spot for the amount I was requesting, so if its still their, ask for $25k, hoping to get it or a counter. Its not instant, and can take up to 3-5 days to hear something back since all business apps are MR with an UW.
They will pull personal credit, but if approved it doesn't report to personal or business that Ive been told.I had a list of questions for my financial rep who has my account to ask the UW, and that was one of them. When I applied, (6 months ago, and declined), I wasn't asked for any financials, and I did request the Visa at $5k hoping for an approval, or at the least a counter offer to their min they will give for a card of $2.5.
Rep said they try to always approve for a min of $10k on biz cards, and counter to $5k if they can't, rarely will they ever do the min.
The application did have a spot for the amount I was requesting, so if its still their, ask for $25k, hoping to get it or a counter. Its not instant, and can take up to 3-5 days to hear something back since all business apps are MR with an UW.
@pizza1 wrote:
The asking of Tax returns is not something new, and I think it just depends on which UW gets the business app
I had a list of questions for my financial rep who has my account to ask the UW, and that was one of them. When I applied, (6 months ago, and declined), I wasn't asked for any financials, and I did request the Visa at $5k hoping for an approval, or at the least a counter offer to their min they will give for a card of $2.5.
Rep said they try to always approve for a min of $10k on biz cards, and counter to $5k if they can't, rarely will they ever do the min.
The application did have a spot for the amount I was requesting, so if its still their, ask for $25k, hoping to get it or a counter. Its not instant, and can take up to 3-5 days to hear something back since all business apps are MR with an UW.
On the personal side, I've got two cards with them, a $29k individual card and a $25k joint card, so they aren't averse to offering me credit...
Interestingly, there was no spot on the application I filled out for CL requested--if you were applying for a loan there was a section for that, but not for a credit card. Once the online app eventually goes live, I'll try one more time, then look at moving my business banking to a different, more business friendly institution if I get the tax return request.
As a side note, I'm currently going through a $75k SBA LOC application with another bank and they haven't asked for tax returns, at least not yet anyways, and I've already filled out two rounds of paperwork...