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Approved $10k Visa - PSECU

New Contributor

Approved $10k Visa - PSECU

I happen to be one of the lucky ones for PSECU.  I attended a qualifying school.


I joined as a member with $6 Share deposit and $25 to checking.  I got my welcome packet and letter about 2 weeks later and activated my online login.


I applied for a Capitol Visa Cash Reward Card.  I asked for $10k.  I got the "LO will review" message.  I checked status 4 hours later and was APPROVED!


I printed out the required activation document, signed and faxed back.


This CU really seems nice.  They have 3.99% BT with no fees.  Cash and Purchase rate of 9.9%.  Visa can be set as overdraft to checking.  They provide 3.99% BT convenience checks too.



Message 1 of 7
Super Contributor

Re: Approved $10k Visa - PSECU

Congrats! The highest initial credit limit I've ever received was from BOA $5000.  I closed that account back in April. Hated its customer service. 


Maybe by this time next year my current cards will give me CLI up to that amount. 

Message 2 of 7
Frequent Contributor

Re: Approved $10k Visa - PSECU

Congrats on that! That is a nice little CL from Psecu!

You mentioned that you went to a qualifying school - when you applied how did they validate that? Did you have to enter the info online or? I went to a college in PA as well which is also a qualifying school!

Do you know if they pulled EQ, EX or TU? and what are your scores like and income?

I have been contemplating whether to apply with them or not! Also, do you know if they pulled your credit twice or did they approve the CC on the initial pull for when you applied for membership?



Aim to be fiscally and physically fit...
EQ - 723 FICO as of Aug 2010
TU - 757 FICO as of Sept 2010
EX - 742 FICO as of Oct 2010 (PSECU)
Message 3 of 7
Senior Contributor

Re: Approved $10k Visa - PSECU

1) What did you have to do to validate your membership app?


2) What, if any, documentation did they ask you to provide for your CC app? Did you ask for $10K or did they come back with that amount?

Message 4 of 7
Frequent Contributor

Re: Approved $10k Visa - PSECU

Also, can you tell us your scores and report details? I went to a qualifying school and have been thinking about joining, thanks to txjohn's recommendation...they sound better every week! Smiley Happy

Starting Score: 670 EQ and 674 TU
Current Score: 670 EQ and 674 TU
Goal Score: 750 both EQ and TU

Take the FICO Fitness Challenge
Message 5 of 7
Frequent Contributor

Re: Approved $10k Visa - PSECU

PSECU uses the National Student Clearinghouse to verify student records.
Message 6 of 7
New Contributor

Re: Approved $10k Visa - PSECU

Okay, I will try to answer as much as I can.


PSECU pulls EX exclusively.  They hard pull on membership.  I app'ed online and they hard pulled again.  Possibly if I had called in and requested a phone app they might use original pull?  I don't know on that part.


I don't know my EX FICO.  This is part of why I originally joined PSECU.  However, I had around 750 TU/EQ when I began my app spree.


At the time of my PSECU app I had 4 new accounts showing on my CR - Discover, NFCU, USAA and Addison Avenue.  I had 2 recent EX inquiries (Addison and PSECU).


I have no derogs.  My oldest account is about 13 years.  My AAoA is around 3 years (before new accounts).  I had about $14,000 in CC balances reporting at time of app.


I have 6 figure income.  They did not request any income documentation.


My highest reported CL's at time of app were BoA $10k, NFCU $20k, Addison Avenue $15k and USAA $15k.


I don't know how PSECU validates eligibility info.  The application asked me to select from a list on how I qualify which I selected "You or someone you are related to are alumni to a school in our field of membership" and then asked me to select which school (from list).  That was all it asked for.  It didn't ask any other questions on that subject nor ever bring it up again at any time.



Message Edited by Angel73 on 08-18-2009 02:31 AM
Message 7 of 7