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Mazuma Credit Union Credit Card Approval!... kind of

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Regular Contributor

Mazuma Credit Union Credit Card Approval!... kind of

Well, this is a first. Also not sure if this is in the right forum so I'll post it here. 697 on Transunion and I have a previous paid auto loan with this particular credit union. Applied for a credit card this morning and requested a limit of $5000. They approved me for that limit with an APR of 11.09% Fantastic! But they asked me for 2 references - okay, I can deal with that. ...and then PROOF OF INCOME?! Normally POI wouldn't be a big deal, but I'm 1099 and they don't accept bank statements... so I was ultimately declined. Has anyone else ever been asked for POI for a credit card app? First time for me.
Current Score (01/13/2020): EXP: 680; TU: 684; EQ: 665
Gardening as of 01/13/2020

Community America CU Cash Rewards - $10000 | Discover It Cash Back - $4000
Nordstrom Credit Card - $4000 | BMO Harris Cash Back MasterCard - $4000
Discover It Cash Back - $2000 | US Bank Cash+ Visa Signature - $2000
Target Red - $1100 | Chase Starbucks Visa - $1000
Capital One Quicksilver - $700

Total Credit: $28800
Message 1 of 5
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Moderator

Re: Mazuma Credit Union Credit Card Approval!... kind of


@jordandhale95 wrote:
Well, this is a first. Also not sure if this is in the right forum so I'll post it here. 697 on Transunion and I have a previous paid auto loan with this particular credit union. Applied for a credit card this morning and requested a limit of $5000. They approved me for that limit with an APR of 11.09% Fantastic! But they asked me for 2 references - okay, I can deal with that. ...and then PROOF OF INCOME?! Normally POI wouldn't be a big deal, but I'm 1099 and they don't accept bank statements... so I was ultimately declined. Has anyone else ever been asked for POI for a credit card app? First time for me.

Never from the bank, but yes by a couple of CUs

That's standard practice for many and it can be profile dependent. 

 

I've only been asked when my CR looked like I was trying to rob the world with new accounts 🤷‍♀️

Message 2 of 5
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Regular Contributor

Re: Mazuma Credit Union Credit Card Approval!... kind of

hi..my first time hearing about this credit union...can you share who they pulled and is mem bership required for CC?

Message 3 of 5
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Super Contributor

Re: Mazuma Credit Union Credit Card Approval!... kind of


@Remedios wrote:

@jordandhale95 wrote:
Well, this is a first. Also not sure if this is in the right forum so I'll post it here. 697 on Transunion and I have a previous paid auto loan with this particular credit union. Applied for a credit card this morning and requested a limit of $5000. They approved me for that limit with an APR of 11.09% Fantastic! But they asked me for 2 references - okay, I can deal with that. ...and then PROOF OF INCOME?! Normally POI wouldn't be a big deal, but I'm 1099 and they don't accept bank statements... so I was ultimately declined. Has anyone else ever been asked for POI for a credit card app? First time for me.

Never from the bank, but yes by a couple of CUs

That's standard practice for many and it can be profile dependent. 

 

I've only been asked when my CR looked like I was trying to rob the world with new accounts 🤷‍♀️


City National Bank wanted to see my latest paystub.   That's the only time I've ever had a bank directly request POI.  Credit unions, different story.

 

 

(5/2020)
FICO 8 (EX) 782 (TU) 782 (EQ) 793


$1M+ club
Message 4 of 5
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Regular Contributor

Re: Mazuma Credit Union Credit Card Approval!... kind of

Mazuma Credit Union pulls Transunion, FICO 8 and a membership is required - a savings account with $1 deposit will suffice.
Current Score (01/13/2020): EXP: 680; TU: 684; EQ: 665
Gardening as of 01/13/2020

Community America CU Cash Rewards - $10000 | Discover It Cash Back - $4000
Nordstrom Credit Card - $4000 | BMO Harris Cash Back MasterCard - $4000
Discover It Cash Back - $2000 | US Bank Cash+ Visa Signature - $2000
Target Red - $1100 | Chase Starbucks Visa - $1000
Capital One Quicksilver - $700

Total Credit: $28800
Message 5 of 5
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