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WOULD BECU BE A GOOD SPOT FOR ME

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Regular Contributor

WOULD BECU BE A GOOD SPOT FOR ME

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!
CSP 17.8K
CHASE FU 7K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 1K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 700
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K
Score for Fico are: Ocr 2019 Util 20%
Eq= 673
Trans= 725
Ex= 669
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
13 REPLIES 13
Frequent Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME


@TruSaintsFan 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. 



Message 2 of 14
New Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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 is current as of 10/01/19. Clean file.
FICO 8 EQ=785 TU=783 EX=766
FICO 9 EQ=804 TU=792 EX=783
MORTGAGE SCORES EQ=739 TU=731 EX=755
AAoA=2Y10M AoOA=9Y8M AoYA=3M
Vantage Scores EQ=791 TU=758 EX=775
Hard pulls last 06 months EQ=1 TU=2 EX=2 ONE new account reporting.
Hard pulls last 12 months EQ=1 TU=2 EX=3 TWO new accounts reporting.
Hard pulls last 24 months EQ=12 TU=17 EX=17 TWELVE new accounts reporting. A lot of inquiries from mortgage rate shopping. I haven't been denied a credit application in a long time.
Utilization averages under 3%. I auto pay in full. I don't worry about AZEO. Everyday spend on all personal cards averages 4-6k monthly.
GOALS=My goal is to have all 3 FICO 8s above 780 and 20k+ limits on all cards.
INCOME=$240k as of 07/01/19 and what I use for income requests for current and any potential credit partners. DTI=3.7%
So you can track data points for what bureau is pulled for applications based on where one lives, I live in Green Bay, Wisconsin.
Mortgage opened 06/18. Paid off 05/19.
Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE no POI/COSTCO purchase. I will keep this open at 0% and not pay it off as it is my only installment account now and it's free money to invest.

PERSONAL ACCOUNTS/OPEN DATE
CHASE FU=24.1k 07/19 AMEX BCP=24k 06/18 CITI COSTCO VISA=8.5k 06/18 DISCOVER=30k 10/17 PENFED PLATINUM REWARDS=10k 07/18 US BANK CASH+=3.5k 06/18 CITI BEST BUY VISA=4k 11/17 CAP1 GMC MC=3K 12/17

BUSINESS ACCOUNTS/OPEN DATE
AMEX SPG=10k 02/19 CHASE INK CASH=19.6k 07/18 CHASE INK BUSINESS UNLIMITED=30k 09/19

PRE-APPROVALS
Pre-approved for all personal and business CHASE non-cobranded cards per business relationship manager in branch. All by-passing 5/24 with fixed apr. Thinking of how to get all of them in an orderly way. (CFU 07/19 1ST DONE) (BUSINESS UNLIMITED 09/19 2ND DONE) I do have my business checking running through CHASE averaging $100k a month in deposits as of 10/01/19. Company (KELSTAR) incorporated 06/18.
Message 3 of 14
Regular Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

@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....
CSP 17.8K
CHASE FU 7K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 1K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 700
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K
Score for Fico are: Ocr 2019 Util 20%
Eq= 673
Trans= 725
Ex= 669
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 4 of 14
New Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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 is current as of 10/01/19. Clean file.
FICO 8 EQ=785 TU=783 EX=766
FICO 9 EQ=804 TU=792 EX=783
MORTGAGE SCORES EQ=739 TU=731 EX=755
AAoA=2Y10M AoOA=9Y8M AoYA=3M
Vantage Scores EQ=791 TU=758 EX=775
Hard pulls last 06 months EQ=1 TU=2 EX=2 ONE new account reporting.
Hard pulls last 12 months EQ=1 TU=2 EX=3 TWO new accounts reporting.
Hard pulls last 24 months EQ=12 TU=17 EX=17 TWELVE new accounts reporting. A lot of inquiries from mortgage rate shopping. I haven't been denied a credit application in a long time.
Utilization averages under 3%. I auto pay in full. I don't worry about AZEO. Everyday spend on all personal cards averages 4-6k monthly.
GOALS=My goal is to have all 3 FICO 8s above 780 and 20k+ limits on all cards.
INCOME=$240k as of 07/01/19 and what I use for income requests for current and any potential credit partners. DTI=3.7%
So you can track data points for what bureau is pulled for applications based on where one lives, I live in Green Bay, Wisconsin.
Mortgage opened 06/18. Paid off 05/19.
Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE no POI/COSTCO purchase. I will keep this open at 0% and not pay it off as it is my only installment account now and it's free money to invest.

PERSONAL ACCOUNTS/OPEN DATE
CHASE FU=24.1k 07/19 AMEX BCP=24k 06/18 CITI COSTCO VISA=8.5k 06/18 DISCOVER=30k 10/17 PENFED PLATINUM REWARDS=10k 07/18 US BANK CASH+=3.5k 06/18 CITI BEST BUY VISA=4k 11/17 CAP1 GMC MC=3K 12/17

BUSINESS ACCOUNTS/OPEN DATE
AMEX SPG=10k 02/19 CHASE INK CASH=19.6k 07/18 CHASE INK BUSINESS UNLIMITED=30k 09/19

PRE-APPROVALS
Pre-approved for all personal and business CHASE non-cobranded cards per business relationship manager in branch. All by-passing 5/24 with fixed apr. Thinking of how to get all of them in an orderly way. (CFU 07/19 1ST DONE) (BUSINESS UNLIMITED 09/19 2ND DONE) I do have my business checking running through CHASE averaging $100k a month in deposits as of 10/01/19. Company (KELSTAR) incorporated 06/18.
Message 5 of 14
New Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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 is current as of 10/01/19. Clean file.
FICO 8 EQ=785 TU=783 EX=766
FICO 9 EQ=804 TU=792 EX=783
MORTGAGE SCORES EQ=739 TU=731 EX=755
AAoA=2Y10M AoOA=9Y8M AoYA=3M
Vantage Scores EQ=791 TU=758 EX=775
Hard pulls last 06 months EQ=1 TU=2 EX=2 ONE new account reporting.
Hard pulls last 12 months EQ=1 TU=2 EX=3 TWO new accounts reporting.
Hard pulls last 24 months EQ=12 TU=17 EX=17 TWELVE new accounts reporting. A lot of inquiries from mortgage rate shopping. I haven't been denied a credit application in a long time.
Utilization averages under 3%. I auto pay in full. I don't worry about AZEO. Everyday spend on all personal cards averages 4-6k monthly.
GOALS=My goal is to have all 3 FICO 8s above 780 and 20k+ limits on all cards.
INCOME=$240k as of 07/01/19 and what I use for income requests for current and any potential credit partners. DTI=3.7%
So you can track data points for what bureau is pulled for applications based on where one lives, I live in Green Bay, Wisconsin.
Mortgage opened 06/18. Paid off 05/19.
Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE no POI/COSTCO purchase. I will keep this open at 0% and not pay it off as it is my only installment account now and it's free money to invest.

PERSONAL ACCOUNTS/OPEN DATE
CHASE FU=24.1k 07/19 AMEX BCP=24k 06/18 CITI COSTCO VISA=8.5k 06/18 DISCOVER=30k 10/17 PENFED PLATINUM REWARDS=10k 07/18 US BANK CASH+=3.5k 06/18 CITI BEST BUY VISA=4k 11/17 CAP1 GMC MC=3K 12/17

BUSINESS ACCOUNTS/OPEN DATE
AMEX SPG=10k 02/19 CHASE INK CASH=19.6k 07/18 CHASE INK BUSINESS UNLIMITED=30k 09/19

PRE-APPROVALS
Pre-approved for all personal and business CHASE non-cobranded cards per business relationship manager in branch. All by-passing 5/24 with fixed apr. Thinking of how to get all of them in an orderly way. (CFU 07/19 1ST DONE) (BUSINESS UNLIMITED 09/19 2ND DONE) I do have my business checking running through CHASE averaging $100k a month in deposits as of 10/01/19. Company (KELSTAR) incorporated 06/18.
Message 6 of 14
Regular Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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.
CSP 17.8K
CHASE FU 7K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 1K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 700
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K
Score for Fico are: Ocr 2019 Util 20%
Eq= 673
Trans= 725
Ex= 669
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 7 of 14
New Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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 is current as of 10/01/19. Clean file.
FICO 8 EQ=785 TU=783 EX=766
FICO 9 EQ=804 TU=792 EX=783
MORTGAGE SCORES EQ=739 TU=731 EX=755
AAoA=2Y10M AoOA=9Y8M AoYA=3M
Vantage Scores EQ=791 TU=758 EX=775
Hard pulls last 06 months EQ=1 TU=2 EX=2 ONE new account reporting.
Hard pulls last 12 months EQ=1 TU=2 EX=3 TWO new accounts reporting.
Hard pulls last 24 months EQ=12 TU=17 EX=17 TWELVE new accounts reporting. A lot of inquiries from mortgage rate shopping. I haven't been denied a credit application in a long time.
Utilization averages under 3%. I auto pay in full. I don't worry about AZEO. Everyday spend on all personal cards averages 4-6k monthly.
GOALS=My goal is to have all 3 FICO 8s above 780 and 20k+ limits on all cards.
INCOME=$240k as of 07/01/19 and what I use for income requests for current and any potential credit partners. DTI=3.7%
So you can track data points for what bureau is pulled for applications based on where one lives, I live in Green Bay, Wisconsin.
Mortgage opened 06/18. Paid off 05/19.
Vehicle loan opened 08/18. Zero down. 45K at 0% for 60 months LINCOLN FINANCE no POI/COSTCO purchase. I will keep this open at 0% and not pay it off as it is my only installment account now and it's free money to invest.

PERSONAL ACCOUNTS/OPEN DATE
CHASE FU=24.1k 07/19 AMEX BCP=24k 06/18 CITI COSTCO VISA=8.5k 06/18 DISCOVER=30k 10/17 PENFED PLATINUM REWARDS=10k 07/18 US BANK CASH+=3.5k 06/18 CITI BEST BUY VISA=4k 11/17 CAP1 GMC MC=3K 12/17

BUSINESS ACCOUNTS/OPEN DATE
AMEX SPG=10k 02/19 CHASE INK CASH=19.6k 07/18 CHASE INK BUSINESS UNLIMITED=30k 09/19

PRE-APPROVALS
Pre-approved for all personal and business CHASE non-cobranded cards per business relationship manager in branch. All by-passing 5/24 with fixed apr. Thinking of how to get all of them in an orderly way. (CFU 07/19 1ST DONE) (BUSINESS UNLIMITED 09/19 2ND DONE) I do have my business checking running through CHASE averaging $100k a month in deposits as of 10/01/19. Company (KELSTAR) incorporated 06/18.
Message 8 of 14
Established Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

Both are regional banks, Washington and Texas

Message 9 of 14
Regular Contributor

Re: WOULD BECU BE A GOOD SPOT FOR ME

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.
CSP 17.8K
CHASE FU 7K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 1K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 700
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K
Score for Fico are: Ocr 2019 Util 20%
Eq= 673
Trans= 725
Ex= 669
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 10 of 14
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