Hi guys. I haven't posted in a very long time. But I wanted to share info with the community. I have been reading the credit forums just recently because I wanted to find out if anyone was talking about this card. I also received a mailer regarding this card recently, almost the same date this thread was started. With the mailer in my hand, I logged onto my account to see if there was some sort of pre-approval messge of some sort (wishful thinking) but there was none. Next thing I know, I was applying for the card. After I applied I felt kinda bad, because I knew my CRs haven't yet reported $0 balances on credit cards that I recently paid off. Then I started to feel like I pulled the trigger too early, and started to feel like I wasted a HP for nothing. I checked the status of my application hours later and it says REFERRED. Which to me, is another bad sign because I have seen this mesage before when I first applied for a credit card with them last year and was later denied. When reviewing my already submitted application on the website, the website allows you to write a message and upload documents (pay stubs) etc. And so....I wrote them a message. I was honest, I told them that I may have pulled the trigger too early and stated I recently paid down cards that may not yet been reported on my CRs. I even stated that I am hoping to be approved for even a low limit to start off with. I even uploaded my two most recent pay stubs without them asking for it, just hoping that they will see I have the income to support my credit application.
I applied for the card Saturday mid monring on 5/5. Thinking the loan dept will just later deny my request by the afternoon. Saturday goes by, and I had a feeling I won't get a reponse until Monday on 5/6. Monday I am checking my app status and it still shows REFERRED. Then by mid monday morning, I get a secured email message (DocuSign) with a credit card agreement, credit score disclosure, risk based pricing notice, etc. I admit, I was a bit suprised/shocked/confused. Was this just a new procedure they do now? They didn't do this last year when I was denied. I keep checking status every few hours like a mad man, lol. Still nothing. Tuesday rolls by, and I am checking status when I can during work. Then I get another email. I was shocked....I was approved for $5K. APR is high at 18%. I later found out that $5K is the minimum for this card. Max runs up to $100K. Just a few quick stats. I filed for CH7 back on December of 2015. Discharged around April 2016. They pulled EX and the credit score disclosure had me at 626 out of a score range of 320 - 844. This is now my highest limit card since BK. I have been in rebuild mode, and have opened about 10 different cards that have been low limits. The highest CL I have open is a Walmart card with $3500. The last few months I have been paying off balances and closing the low limit cards with fees. I really think the message I sent, and including my two recent paystubs helped in getting approved. I have applied for CCs with other CUs that I am a member of, and everyone has turned me down. Only SDFCU is giving me a chance. I hope this info helps anyone interested in the card.
