Upgrade Card Preapproval

pip3man · ‎07-23-2022

Ran the prequalification tool and it came back with this. How reliable are these folks with their preapprovals? Is it gonna be a HP or SP? I've read conflicting info on the board so I'm totally confused. Interest rate sucks but then again I'm only 2yrs post BK-7 and I'll pay in full should I absolutely ever have use for it, which would be in an EXTREME emergency. Got it mostly for the $400 bonus for opening a Rewards checking and just making only 3 debit card transactions.

shane82388 · ‎07-25-2022

Did you actually apply or just pre-approval?

If you did, I was reading they ask for income documentation and other things like that, is that true?

TRC_WA · ‎07-26-2022

It's not a bad account to have... mine is $2k and I use it once every few months for a small charge and PIF.

It reports as a LOC and their preapproval is solid. You're in if you want it IMO. They didn't ask me for income verification and it is a HP.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24

FireMedic1 · ‎07-26-2022

29.48% APR !?!?! Really 29 1/2%. Pass. Dont let the credit line lure you in. Thats crazy!

TRC_WA · ‎07-26-2022

@FireMedic1 wrote:
29.48% APR !?!?! Really 29 1/2%. Pass. Dont let the credit line lure you in. Thats crazy!

I don't disagree... which is why I'm using it on a very limited basis.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24

CreditCuriosity · ‎07-26-2022

That apr is up their with 1st premier and the likes.. wowzers

Janneman · ‎07-26-2022

@pip3man wrote:
Ran the prequalification tool and it came back with this. How reliable are these folks with their preapprovals? Is it gonna be a HP or SP? I've read conflicting info on the board so I'm totally confused. Interest rate sucks but then again I'm only 2yrs post BK-7 and I'll pay in full should I absolutely ever have use for it, which would be in an EXTREME emergency. Got it mostly for the $400 bonus for opening a Rewards checking and just making only 3 debit card transactions.

Sorry but i dont know...and i see nobody answered as well ...following....

TRC_WA · ‎07-26-2022

@Janneman wrote:
Sorry but i dont know...and i see nobody answered as well ...following....

Ummmm... it was answered a few posts up.

FICO8 current as of : 4-17-24 EQ: 724 TU: 707 EX: 706
Hard INQs last 12 months: EQ: 5 | TU: 8 | EX: 9
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 27% --- AAoA: 5.5 years --- Income: $200k
Last app: 4-6-24