Affinity FCU Cash Rewards

[xenon3030]

What is the odd to get approved for this card?

I have Fico8~780+, ~4/24 (2 new cards in the past 6 months) and ~6-7 HP in the past 12 months across each credit bureau (mostly mortgage/auto). Is it fine to apply now or shall I wait for a few months to drop a few HPs?

Note that some credit card companies cannot identify correctly the HPs due mortgage/auto and they count all HPs in the UW step.

[spiritcraft1]

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@xenon3030 wrote:

What is the odd to get approved for this card?

I have Fico8~780+, ~4/24 (2 new cards in the past 6 months) and ~6-7 HP in the past 12 months across each credit bureau (mostly mortgage/auto). Is it fine to apply now or shall I wait for a few months to drop a few HPs?

Note that some credit card companies cannot identify correctly the HPs due mortgage/auto and they count all HPs in the UW step.

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The DW was approved easily for $15k being 8 or 9/24 with maybe 7 INQ's and a 760 EX 08 score. 

[xenon3030]

I plan to apply for this card soon. I recently opened a new CC (2 months ago). Can it be sensitive to the new accounts?

Also, does it pull from TU or the other credit bureaus?

[FinStar]

@xenon3030-- posts were moved onto a separate topic of its own given that the main topic of discussion was not associated with the applications process plus to avoid thread-jacking. Please be mindful of this going forward to avoid any confusion that it can create with commingling unrelated topics.

[Taurus22]

@xenon3030   Affinity FCU pulls EX8 for credit apps.

Also, if you are worried about your new accounts/INQ's, you could always just get your foot in the door by applying for the CU membership first. They do a SP Chex Systems for membership. Then whenever you feel comfortable enough to app for the CC, you will already be a member which may hold some weight in itself. Also, as it is with most CU cards, they are as much concerned with your DTI% as they are your credit scores....maybe moreso.

[ZackAttack]

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@Taurus22 wrote:

@xenon3030   Affinity FCU pulls EX8 for credit apps.

Also, if you are worried about your new accounts/INQ's, you could always just get your foot in the door by applying for the CU membership first. They do a SP Chex Systems for membership. Then whenever you feel comfortable enough to app for the CC, you will already be a member which may hold some weight in itself. Also, as it is with most CU cards, they are as much concerned with your DTI% as they are your credit scores....maybe moreso.

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That's good to know because I just opened my membership on the 8th and eyeing the cash rewards card. Of course, I am probably going to wait until Jan knowing that my EX will have 0 HP <12 months. My hope is that DCU will offer that 0% 6-month promo once again when it comes Jan for me to play my cards right to avoid a large number on the DTI.

[Duriel]

I've been aggressive with new accounts and they approved me with a lower score. 

[ZackAttack]

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@Duriel wrote:

I've been aggressive with new accounts and they approved me with a lower score. 

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What was the score at the time, new accounts <12 & <24, and AAoA across all open acts?

[Duriel]

730-something ex8. 3/6 10/12 11/24. I think 3.5 years AAoA? It's lower now from new accounts. Also no negatives. 

[xenon3030]

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@Duriel wrote:

730-something ex8. 3/6 10/12 11/24. I think 3.5 years AAoA? It's lower now from new accounts. Also no negatives. 

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Therefore, it should be straightforward. Anyway, I applied for the membership to do risk mitigation . I am completing a SUB on my latest card within a month and afterward, I will apply for this card.