I closed out a number of cards that were overlapping in benefits, had smaller limits that just didn't want to grow, etc, earlier this month. So I decided to try my hand at applying with BFSFCU.
Their Beyond VS offers 5x points on Flights, 3X on Hotels, 3X Restaurants, 2X Car Rental, 1X everything else plus a few travel protections and whatnot. It remains to be seen what those points to cash conversion rates are, but it seemed pretty good for a free card either way.
Put in the application, and was approved the next day for $50K @ 15.74% with no FTF/BT/CA fees. There's a 6 month 0% purchase promo and a 12 month 1.9% BT/CA promo. Not wanting to waste the inquiry, I put in for an LOC and was auto-approved for 30K @ 13.5%.
Going forward I'm going to further refine my open cards and close out what I don't need. I've gotten a few too many declines for "too much available credit" (750K Available) recently (such as Addition Financial whose lending app auto Approved, but declined after UW review, and Alliant after a CLI request) so I want to consolidate.
@northway wrote:I closed out a number of cards that were overlapping in benefits, had smaller limits that just didn't want to grow, etc, earlier this month. So I decided to try my hand at applying with BFSFCU.
Their Beyonds VS offers 5x points on Flights, 3X on Hotels, 3X Restaurants, 2X Car Rental, 1X everything else plus a few travel protections and whatnot. It remains to be seen what those points to cash conversion rates are, but it seemed pretty good for a free card either way.
Put in the application, and was approved the next day for $50K @ 15.74% with no FTF/BT/CA fees. There's a 6 month 0% purchase promo and a 12 month 1.9% BT/CA promo. Not wanting to waste the inquiry, I put in for an LOC and was auto-approved for 30K @ 13.5%.
Going forward I'm going to further refine my open cards and close out what I don't need. I've gotten a few too many declines for "too much available credit" (750K Available) recently (such as Addition Financial whose lending app auto Approved, but declined after UW review, and Alliant after a CLI request) so I want to consolidate.
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Congrats on the great approvals. Any DP's to share?
I bet the folks at BFSFCU will not know what hit them in the coming days. 
@spiritcraft1 wrote:Congrats on the great approvals. Any DP's to share?
I bet the folks at BFSFCU will not know what hit them in the coming days.
Membership is incredibly restricted. I only got in due to family. I wouldn't count on a FoTM here.
Not new account sensitive at all, not sure about INQs, utilization is at 3%, score came back as a 788 EX8.
Absolutely don't match any of the categories listed for eligibility! Congrats on the approval! 80K for the 2 would definitely create a FoTM feeding frenzy if not so restricted.
@CreditCuriosity wrote:Congrats and likely one of most restrictive credit union membership criteria I have ever seen. Don't see how they can really be in business with basically just certain employer groups.
They're actually larger than BCU, lmao. But I know what you mean.
Congrats on your approvals!
Congratulations on your new found liquidity!
Be aware the points are 0.83 cents each or that is what the website says.
Congrats on the approval
@zerofire Do you know where it says that? I've been looking everywhere trying to find out.
Although if that's the case it's still 4.15% back on airfare which isn't bad for a free card still and it's uncapped. Hotels and Restaurants would be 2.5% which isn't amazing, but won't keep me from dumping it anytime soon.