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State Department Federal Credit Union Credit Card question?

Regular Contributor

State Department Federal Credit Union Credit Card question?

I applied for the SDFCU credit card and was denied.  I do have one collection, was late on a loan around december last year and have a bunch on credit inquiries this last couple of months.  Should I recon?  Anybody has been successfully getting the card after being denied?  I was just approved for a $13,000.00 car loan with a 5.4 apr.  Thoughts?







Starting Score: 10/2016 EQ 582 TU 606 EX 584
Current Score: EQ 666 TU 671 EX 682
Goal Score: 700


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Message 1 of 8
7 REPLIES
Established Contributor

Re: State Department Federal Credit Union Credit Card question?

Never any harm in trying to recon, but beware some places pull again for recon.

 

You could always get their secured cc to start to build history with SDFCU.

 

Otherwise, I'd wait 6 months/no inqs to try again.  In the meantime, pfd that collection and try to goodwill that late.

 

 

Message 2 of 8
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Senior Contributor

Re: State Department Federal Credit Union Credit Card question?

I'd wait until your lates were at least two years old before tangling with SDFCU again.
Out of all the CUs. You picked one of the most conservative when it comes to CCs.
Stick with the larger banks and CUs for now. Big banks seem less adverse to a dirty file verses small CUs. I know all too well. I've been denied by several of the smaller ones over the years. That's with a clean file.😉
Message 3 of 8
Valued Contributor

Re: State Department Federal Credit Union Credit Card question?


@Gmood1 wrote:
I'd wait until your lates were at least two years old before tangling with SDFCU again.
Out of all the CUs. You picked one of the most conservative when it comes to CCs.
Stick with the larger banks and CUs for now. Big banks seem less adverse to a dirty file verses small CUs. I know all too well. I've been denied by several of the smaller ones over the years. That's with a clean file.😉

That being said, I did get a Visa from Apple FCU (Northern VA) last year with a BK on the reports, but then Apple is well-known for being BK-friendly for its relatively small size.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO 10/15/18:TU 671 FICO 8 or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 682 FICO 9 (NFCU 9/30), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 4 of 8
Regular Contributor

Re: State Department Federal Credit Union Credit Card question?

I have been with the State department for going on 2 years. I've tried twice to get one and was denied...recon'ed after the second one and they pulled me again and denied. They finally sent me an offer for their card, so I app'ed and got denied...so I'm done with their card.

What I know from working with them is they,  A. don't like new accounts, and B. Don't like inq's

So I found there are plenty of really good cards out there and to pick ones that want your business. 

EQ - 717 TU-724 EX -725>
Message 5 of 8
Frequent Contributor

Re: State Department Federal Credit Union Credit Card question?

While there are not as many threads on SDFCU, what is discussed is consistent:

 

  1. Banking with SDFCU is a long-term strategy and churners need not apply 😂
  2. Preferred profiles: High incomes, high scores, no recent derogs (minimum of 36-48 months), and low DTI. Some applicants have met the preferred criteria but received denials for too much available credit (take this as you may).
  3. Be prepared to provide POI as it is often required.
  4. It may be in your best interest to establish membership and wait for a pre-approved offer if you don't hit all of the criteria highlighted in points #2 and #3. Alternatively, if you reside or work in SFCUs service area, submitting an application via branch *may* be helpful.

 

$mart $$$: Save 30% + Track every cent + $0 CC interest
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Message 6 of 8
Regular Contributor

Re: State Department Federal Credit Union Credit Card question?

@Namaste7,

I sure wish I would've seen this post before applying for the SDFCU account and CC.
Starting Score: EX 551|TU 565|EQ 556
Current Score: EX 551|TU 565|EQ 556
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Message 7 of 8
Frequent Contributor

Re: State Department Federal Credit Union Credit Card question?

SDFCU is a community based CU and is a tough cookie to crack. As mentioned in your other thread, there are other CUs and banks that have more favorable underwriting requirements.
$mart $$$: Save 30% + Track every cent + $0 CC interest
Garden Goal: Mortgage ready and below 5/24
Message 8 of 8