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Cash back card for utilities?

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Established Contributor

Re: Cash back card for utilities?


@SouthJamaica wrote:


Applying for the savings & checking accounts:

 

No hard pull.

Had to upload a better copy of drivers license, and evidence of eligibility (in my case receipt for donation to one of the organizations)

By next day I was advised my application was granted.

 

Applying for credit card:

 

After getting my deposit accounts set up, I applied for a credit card. The application was simple, prompted me to request a certain credit limit. I put in the maximum for that card.

Oddly I have not received any indication of a hard pull anywhere, although I assume there must be one somewhere.

Within a couple of hours I received a phone call from a very nice representative saying that my credit card application was "fully approved and all" but she wanted to make sure I had intended to apply for the specific card I had applied for, which was the case. I thanked her for the great service.

Within an hour or so, the account actually appeared on the website along with my deposit accounts, and I was able to use it to transfer funds into my checking account. The credit limit was the amount I'd asked for, and the interest rate was the lowest rate offered Smiley Happy

 

Awesome experience.

 

As to unusal fees, I do have to pay $3 a month to use the billpay service. I could avoid the fee by using one of their better checking accounts, but I'm using the stripped down version.


Thanks for coming back and sharing your experiences! If you don't mind posting, can you share some stats like income range, FICO, CL, # of inqs, etc? 

Message 31 of 41
Super Contributor

Re: Cash back card for utilities?


@SBR249 wrote:

@SouthJamaica wrote:


Applying for the savings & checking accounts:

 

No hard pull.

Had to upload a better copy of drivers license, and evidence of eligibility (in my case receipt for donation to one of the organizations)

By next day I was advised my application was granted.

 

Applying for credit card:

 

After getting my deposit accounts set up, I applied for a credit card. The application was simple, prompted me to request a certain credit limit. I put in the maximum for that card.

Oddly I have not received any indication of a hard pull anywhere, although I assume there must be one somewhere.

Within a couple of hours I received a phone call from a very nice representative saying that my credit card application was "fully approved and all" but she wanted to make sure I had intended to apply for the specific card I had applied for, which was the case. I thanked her for the great service.

Within an hour or so, the account actually appeared on the website along with my deposit accounts, and I was able to use it to transfer funds into my checking account. The credit limit was the amount I'd asked for, and the interest rate was the lowest rate offered Smiley Happy

 

Awesome experience.

 

As to unusal fees, I do have to pay $3 a month to use the billpay service. I could avoid the fee by using one of their better checking accounts, but I'm using the stripped down version.


Thanks for coming back and sharing your experiences! If you don't mind posting, can you share some stats like income range, FICO, CL, # of inqs, etc? 


1. They did do a hard pull at EX. I don't know if it was for membership, or just for the credit application.

2. My inquiries are many. Most credit unions turn me down for credit because of that.

3. My EX FICO 8 was 754 but I don't know what FICO formula VW uses.


Total revolving limits 730000 (603500 reporting) FICO 8 scores: EQ 722 TU 764 EX 734
Message 32 of 41
Community Leader
Super Contributor

Re: Cash back card for utilities?

Thanks SJ for the info! I'm officially a member now. Ha ha
Can't log in till tomorrow. Though I have my account and membership information. I did have to join the bicycle club. That $15 will be offset by the $50 cash back I get using a CC to make the initial deposit hopefully.
Message 33 of 41
Super Contributor

Re: Cash back card for utilities?


@Gmood1 wrote:
Thanks SJ for the info! I'm officially a member now. Ha ha
Can't log in till tomorrow. Though I have my account and membership information. I did have to join the bicycle club. That $15 will be offset by the $50 cash back I get using a CC to make the initial deposit hopefully.

Oh I forgot to tell you, you have to go to Tucson to make withdrawals Smiley Happy


Total revolving limits 730000 (603500 reporting) FICO 8 scores: EQ 722 TU 764 EX 734
Message 34 of 41
Community Leader
Super Contributor

Re: Cash back card for utilities?

😲....Lol ...yeah that might be a problem. 😂 VW is officially the farthest west I've gone with credit unions. If things go south. I'll just blame SJ.😜

 


@SouthJamaica wrote:

@Gmood1 wrote:
Thanks SJ for the info! I'm officially a member now. Ha ha
Can't log in till tomorrow. Though I have my account and membership information. I did have to join the bicycle club. That $15 will be offset by the $50 cash back I get using a CC to make the initial deposit hopefully.

Oh I forgot to tell you, you have to go to Tucson to make withdrawals Smiley Happy


 

Message 35 of 41
Senior Contributor

Re: Cash back card for utilities?


@SouthJamaica wrote:

1. They did do a hard pull at EX. I don't know if it was for membership, or just for the credit application.

2. My inquiries are many. Most credit unions turn me down for credit because of that.

3. My EX FICO 8 was 754 but I don't know what FICO formula VW uses.


Vantage West is my primary CU, I live & work in an AZ county that is in their geographic area. I joined in Dec. 2015 when they snail mailed me a pre-qualified offer for their "regular" Visa, and joined when approved. My EX Fico was only in the 670s then. I don't believe they HP just to join, but like you they had the HP for the CC app. I have the eChecking account which is pretty basic, one free book of checks, no minimum balance or DD required for the free checking, and there's no charge for using Bill Pay.. I app'd for the Visa Connect Rewards (that's the one with 5% rewards category you choose) in Sept. as I got a car loan with them and the rep agreed to use the same HP. They may not be too concerned with inquiries, but I was turned down for too much "recent new credit" - the new car loan, Penfed Home Equity LOC in August, PayPal 2% MC in July. But the loan rep was really nice, told me to wait 3 months for the new accounts to age, but I'm going to wait longer - 9 inquires on EX is too much for me, and my utility bill isn't that much and I get 2% from other cards.

 

You can use a CC to fund new accounts, up to $2k I believe. And it you don't want to come to Tucson to make a withdrawal (Smiley Wink) they participate in CU shared branching -https://co-opcreditunions.org/ - I use another CU with shared branching moe often than a VW branch as it's more convenient.


Fico 08: 734/716/734 TU/EX/EQ
Message 36 of 41
Senior Contributor

Re: Cash back card for utilities?


@SouthJamaica wrote:

@Gmood1 wrote:
Thanks SJ for the info! I'm officially a member now. Ha ha
Can't log in till tomorrow. Though I have my account and membership information. I did have to join the bicycle club. That $15 will be offset by the $50 cash back I get using a CC to make the initial deposit hopefully.

Oh I forgot to tell you, you have to go to Tucson to make withdrawals Smiley Happy


It's 78 degrees in Tucson this afternoon, might not be such a bad thing if you live in New England, Midwest, or especially if you live in Erie PA. Smiley Wink ( I have relatives Erie, 5 feet of snow the past few days)


Fico 08: 734/716/734 TU/EX/EQ
Message 37 of 41
Super Contributor

Re: Cash back card for utilities?


@DaveInAZ wrote:

@SouthJamaica wrote:

1. They did do a hard pull at EX. I don't know if it was for membership, or just for the credit application.

2. My inquiries are many. Most credit unions turn me down for credit because of that.

3. My EX FICO 8 was 754 but I don't know what FICO formula VW uses.


Vantage West is my primary CU, I live & work in an AZ county that is in their geographic area. I joined in Dec. 2015 when they snail mailed me a pre-qualified offer for their "regular" Visa, and joined when approved. My EX Fico was only in the 670s then. I don't believe they HP just to join, but like you they had the HP for the CC app. I have the eChecking account which is pretty basic, one free book of checks, no minimum balance or DD required for the free checking. I app'd for the Visa Connect Rewards (that's the one with 5% rewards category you choose) in Sept. as I got a car loan with them and the rep agreed to use the same HP. They may not be too concerned with inquiries, but I was turned down for too much "recent new credit" - the new car loan, Penfed Home Equity LOC in August, PayPal 2% MC in July. But the loan rep was really nice, told me to wait 3 months for the new accounts to age, but I'm going to wait longer - 9 inquires on EX is too much for me, and my utility bill isn't that much and I get 2% from other cards.

 


Me, I never even heard of them until I saw this thread. But I get a good feeling about them. I was shocked, within a couple of hours of my credit card application, to get a phone call from a really nice lady who tells me 'your application is fully approved and all', and was just calling to make sure that the Connect card -- rather than the Connect Rewards card -- was really the card I wanted. The customer service seems very good.

 

And it was very pleasant to see that the interest rate I was given was the lowest, the credit limit I was given was the max, and the account was already up on the site and ready to go.

 

 

 

 


Total revolving limits 730000 (603500 reporting) FICO 8 scores: EQ 722 TU 764 EX 734
Message 38 of 41
Senior Contributor

Re: Cash back card for utilities?


@SouthJamaica wrote:

Me, I never even heard of them until I saw this thread. But I get a good feeling about them. I was shocked, within a couple of hours of my credit card application, to get a phone call from a really nice lady who tells me 'your application is fully approved and all', and was just calling to make sure that the Connect card -- rather than the Connect Rewards card -- was really the card I wanted. The customer service seems very good.

 

And it was very pleasant to see that the interest rate I was given was the lowest, the credit limit I was given was the max, and the account was already up on the site and ready to go.

 


Wait! Are you sure it's the Connect card you wanted, not the Connect Rewards card???? The Connect Visa is what I have and called their "regular" Visa. Yes, it has a low variable APR, mine is 11.25% and no fee Cash Advances or BTs,  but it has a terrible rewards program, you need a gazillion points to redeem for overpriced merchandise. Because of that it's my least used card, I throw a small bill on it every few months to keep it active. If I need a cash infusion my Penfed Home Equity LOC at 4.25% & interest only payments is my go to account. 

 

It's the Connect Rewards card that has the 5% cashback rewards on the category you choose and can change. 

 

And yes, they are great to work with. I have accounts at Penfed, DCU & Vantage West and like VW the best.


Fico 08: 734/716/734 TU/EX/EQ
Message 39 of 41
Established Contributor

Re: Cash back card for utilities?

Just called in, my app for the connect rewards was declined for "escalating debt" and "insufficient income for the credit limit requested". 

 

I requested 10K which I knew was probably a little much, but was hoping for a counter-offer. 

 

I guess this brings my 3 month app-spree to an end. I have 6 new cards (5 reported new TLs) so this probably isn't too surprising. But was hoping that they wouldn't be too sensitive to new inqs or TLs. Guess my luck ran out. 

 

I'll probably garden for at least a year and see whether I want to app again. 

Message 40 of 41
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