DCU Rewards Visa

[M_Smart007]

DCU is very vague in what they offer as far as rewards

I am pretty sure Underwriting would be the same for both cards?

I think most people go for the low APR of the Platinum card.

Maybe @coldfusion could clarify on the rewards structure of the rewards card? ..(He's the human encyclopedia of cards)

Benefits

Earn rewards - Turn your spending into rewards with points for everyday purchases.

I have been denied twice by them for a CC.

First time, "Too Many Inquiries"  and or "Too Many New Accounts"   ..(They're not wrong)

Second denial "Too Much Available Credit"  .. (How can one have too much credit as a myFICO'er?)

I will now wait until or "IF" they give me the quarterly Pre Approved orange offer.

ETA: I believe they HP Equifax and use EQ F5 for their scoring model.

Upate: Confirmed Equifax Hard Pulls

Apr 27, 2021 DIGITAL FEDERAL CREDIT UN/CUDL
Oct 18, 2021 DIGITAL FEDERAL CREDIT UN/CUDL

Sorry for all the edits

[coldfusion]

The rewards card earns you 1 point per dollar  spend, and they have a promo during Christmas season that I think applies to both the rewards and non-rewards versions of the Platinum card that also earn you 1% cashback.

You click through their online site to redeem,  options include merchandise, vendor-specific gift cards, or a vanilla Visa prepaid card.  Gift cards value points as worth .83 cents each with redemptions in multiples of $25 (3,000 points) whereas the prepaid Visa is only available in multiples of $100 with points valued at 1 cent each (10,000 points).

There is no cashback or apply-to-card-balance option.

I've commented before here that IMO the card really isn't all that attractive other than every January they extend 0% APR 0% fee 6 month BT options.

[greatscott85]

Wholly agreed with @coldfusion here. The cards are just ok. But the limits can be decent and the preapprovals are nice. 

[ptatohed]

I wish providing a link was a requirement for this forum.

https://www.dcu.org/borrow/credit-cards.html

[Cory88]

Not to sound stupid, How do you know if you are pre approved for the one with no rewards or the one with rewards? I know the gold button that you click if you are pre approved. It the knowing is what APR you are getting is what if it rewards card or not?

[coldfusion]

You aren't sounding stupid, it's a very reasonable question and it's better to ask now so you know what you would be accepting before you did it.

If the preapproval is for a  "DCU Platinum Visa Rewards" it will specifically say so, else it will just say "DCU Visa Platinum"

(I have the Rewards card but am deservedly not preapproved for a CLI this cycle)

The other potential tipoff is that if the preapproval shows an APR of between 8.5% and 11% it's definitely going to be for the non-rewards card.

[Cory88]

I will be at 6m in Jan so I hope to see an offer. My FICO 5 last update was 756. I have for this whole month made sure that they report a zero balance to hope to get the score up a little more. I have very small balance with everything instalments and credit cards $2600, with $600 for credit card and $2000 for student loans that are in repayment.