I was approved for a 30K LOC and 30K Travel Rewards off the bat with an online application upon opening membership a few years back. INQ and new accounts were both at LOL/24. 6 months later I opened another Cash Rewards card and was given a 30K CL.
NFCU also hands out credit to anybody with a pulse. Mainly because a large majority of their membership is military related and there’s a guaranteed garnishment if things go south.
BCU is willing to extend high limits and ignore new accounts and inquiries, but it does require the income to match. NFCU could care less usually either way.
That being said BCU’s products aren’t anything to write home about either. It’s just that their underwriting is easy to work with and they’re just the FOTM right now. I’ve had other CUs offer me just as high limits without balance transfer or cash advance fees that BCU charges, plus better insurance suite benefits.
I have my auto loan with BCU but I hardly ever use their credit card and I have another LOC with a fixed 8% rate that I use instead, but BCU’s rate is decently close if your credit is good enough.
Having said all that, BCU just recently opened the floodgates and their Account Protection team was already twitchy with restricted membership eligibility, so I can just imagine what this free-for-all eligibility is gonna do. Imagine BECU’s Financial Crimes Unit level of invasiveness. Do NOT lie or mis-state facts, not that I should even have to say that. LifeMoneyYou is the free eligibility option and follow that path. I’ve seen too many people ask how they can get in and it looks like they’re not even trying to figure out how.
Everybody gets a “welcome” agent at BCU upon opening membership. They’re not a dedicated agent for your account. They don’t have any special access or tools other than just inquiring with underwriting if they’re willing to budge on an automated approval.
