Re: WOULD BECU BE A GOOD SPOT FOR ME

Anonymous · ‎09-01-2019

Been goin back and forth about joining or not joining another CU outside of Navy. I was considering RBFCU and BECU. I joined RBFCU mainly because of the trans pulling for products. After a day or 2 after being approved for membership, I apped for a cc and was denied only becuz of the amount of new accounts in last 12mths even pulling my fico trans of 720+. I thought I did enough research on it to know if they weren't new account sensitive. I guess I learned the hard way. After reading @JnBmom post about new membership and cc approval with BECU, I'm thinking I chose the wrong one and should I possibly(only if it's TRUE facts)that they are not sensitive to new accounts and/or inquiries. If not I'll wait till next summer......NO BIGGIE. Anyone can verify, deny if these facts are true. Thanks for the advise in advance. God bless!

Anonymous · ‎09-01-2019

@Anonymous wrote:
Been goin back and forth about joining or not joining another CU outside of Navy. I was considering RBFCU and BECU. I joined RBFCU mainly because of the trans pulling for products. After a day or 2 after being approved for membership, I apped for a cc and was denied only becuz of the amount of new accounts in last 12mths even pulling my fico trans of 720+. I thought I did enough research on it to know if they weren't new account sensitive. I guess I learned the hard way. After reading @JnBmom post about new membership and cc approval with BECU, I'm thinking I chose the wrong one and should I possibly(only if it's TRUE facts)that they are not sensitive to new accounts and/or inquiries. If not I'll wait till next summer......NO BIGGIE. Anyone can verify, deny if these facts are true. Thanks for the advise in advance. God bless!

I can confirm that BECU is not new accounts or inq’s sensitive.

KELSTAR · ‎09-01-2019

I think your experience could have almost mirrored mine 2 years ago as far as Fico scores go.

I see the limits on accounts and they are all over the board. What is your income? Can any the the banks prove it by you being a customer?

I would recommend picking two banks that meet your needs and run your income through them and wait 6 months and see.

For me, a real banking relationship with deposits and payment routinely has made a huge difference in offerings and starting lines.

The banks I am referring to are Chase and now very recently US BANK is pulling out all the stops for me to move everyday business and personal accounts over. They are offering $100k business line of credit with the US BANK BUSINESS CASH+ VISA with a TU hard pull to verify.

Just an fyi IMO, just as in person to person relationships, you'll get more after dating the banks for a bit before asking for more.

Take care all!

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21

Anonymous · ‎09-01-2019

@KELSTAR - all my deposits run thru chase as the limits show for at least 10 years now. Started making deposits to navy when I opened the account with my wife in July. We are starting a business so I wanted to have separate bank and or CU for that just to see who will benefit us better. Incomes are over 100k....

KELSTAR · ‎09-01-2019

I would continue as such with Chase. I don't know what card you would want from another bank to equal the rewards. Get the Freedom card and maybe upgrade to the CSR for travel in the meantime. The Freedom Unlimited for 3% this year and your CSP are great. What other card for you makes sense other than the Freedom?

$100K running through them is enough. I can tell you the bankers at the branch know my name when I walk in with over 100K going through recently in Wisconsin.

Make Your Know!

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21

KELSTAR · ‎09-01-2019

I also would like to think tht your 10 years relationship would go a long way over opening another bank account.

Some have had poor relationships with many lenders but your long term relationship with Chase should make you interesting to them.

Your scores represent some troubles in the past but talk to a person at Chase first. They gave you over 17k CSP limit so that is a good indicator after the fact.

Make your Know!

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21

Anonymous · ‎09-01-2019

Main reason why I chose Navy, how their cards grow and the their rates. From reading here, I saw that BECU had generous lending as well. I know I have chase in my pocket if nothin else meets my goals.

KELSTAR · ‎09-01-2019

FYI

Chase if offering a $300 bonus to open a business checking account,

TERMS= $1500 in account for 60 days and 5 debit card transactions. I received this bonus last fall.

Signature as of 10/01/21. Clean file. MYFICO 3B. I live in Green Bay, Wisconsin for those tracking what credit bureau is pulled by location.
FICO 8 EQ=796 TU=799 EX=801
FICO 9 EQ=816 TU=816 EX=813
MORTGAGE SCORES EQ=773 TU=782 EX=787
AAoA=4Y3M AoOA=11Y4M AoYA=5M
VANTAGE SCORES EQ=825 TU=813 EX=813
BUSINESS CREDIT SCORES. Formed LLC 6/1/18. YEARLY SALES=3M
EXPERIAN BUSINESS CREDIT SCORE=77 EXPERIAN FINANCIAL STABILITY RISK RATING=1 SMALL BUSINESS SCORE SERVICE SCORE=210 D+B=80
HARD PULLS last 12 months EQ=1 TU=1 EX=1 Three new accounts reporting.
HARD PULLS last 24 months EQ=1 TU=2 EX=2 Four new accounts reporting.
INCOME=$290k as of 10/01/21 for income stated on applications. DTI=2.5% Business sales 300k monthly.
MAIN BUSINESS and PERSONAL BANKING=CHASE
MORTGAGE=800K 03/21 2.25%
INSTALLMENT LOAN. Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE.

OPEN PERSONAL ACCOUNTS/OPEN DATE
DISCOVER=34k 10/17 CITI COSTCO VISA=16k 06/18 US BANK CASH+=7k 06/18 PENFED PLATINUM REWARDS=10k 07/18 CHASE FREEDOM=10k 07/19 CHASE SAPPHIRE RESERVE=14.1k 09/20 AMEX PLATINUM= NPSL 04/21 AMEX HILTON SURPASS=10k 05/21

OPEN BUSINESS ACCOUNTS/OPEN DATE
CHASE INK CASH=10k 07/18 AMEX MARRIOT BONVOY=10k 02/19 CHASE INK UNLIMITED=10k 09/19 US BANK BUSINESS CASH=29k 10/19 WELLS FARGO BUSINESS PLATINUM=20k 11/19 AMEX LOWES BUSINESS=15k 11/19 AMEX BLUE BUSINESS PLUS=35k 02/20 CHASE INK PREFERRED=50k 07/20 AMEX BUSINESS GOLD=NPSL 09/20 AMEX BUSINESS PLATINUM=NPSL 05/21 CHASE BUSINESS LINE OF CREDIT= 225k 09/21

Hockeypnc1 · ‎09-01-2019

Both are regional banks, Washington and Texas

Anonymous · ‎09-01-2019

My credit history is short in general as my oldest card is 2 yrs old. My main reason for the lower scores is my AU accounts(family member) has carried a 50% uti on both the cards so I'm down for that. Their investors si I understand.

WOULD BECU BE A GOOD SPOT FOR ME

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WOULD BECU BE A GOOD SPOT FOR ME