Success with USAA with only a 682 EFX!!

[Anonymous]

I just want to say USAA is great! Ive been a member for 3 years but never subscribed to any of their  banking products. I was reading in this forum how lax they seem to be very good about giving new credit out at the moment so I had to try them. I have a EFX score of 682 (just checked) and my oldest account TL is BoA (2yrs-9mos) two inquires at the time (USAA only pulled 1 hard inq. for the two below apps) Credit Util. 48% (EFX). I applied and this is what happened:

Credit Card Application

Thank you for trusting USAA, ****************! Please review your summary and find out what happens next.

Summary

Your Account Number 37**-******-*****

Approved Credit Limit $10,000.00

Current APRs

Purchase APR
11.9% (Variable Rate)

Cash Advance and Balance Transfer APR
11.9% (Variable Rate)

Shipping Method Regular Mail ... $0.00
Allow 7 to 10 business days for delivery.

So I got gutsy and applied for their Platinum Mastercard right after the above app approvial and this is what happened:

Credit Card Application

Thank you for trusting USAA, *******************! Please review your summary and find out what happens next.

Summary

Your Account Number 54**-****-****-XXXX

Approved Credit Limit $10,000.00

Current APRs

Purchase APR
11.9% (Variable Rate)

Cash Advance and Balance Transfer APR
11.9% (Variable Rate)

Shipping Method Regular Mail ... $0.00
Allow 7 to 10 business days for delivery.

2 approvals for $ 10,000 x2 = $ 20,000!!! This is the highest credit limit I have got to date!! Thanks for the Info here!!!

[haulingthescoreup]

lol, welcome to the fam!

Keep your nose uber-clean with them, and you will be rewarded over and over with time.

[Anonymous]

Wow!  Super Congrats!  Jeremy's buying the next round!    I had determined that they would be my next move (hauling, I promise no time soon   )

If you don't mind me asking, can you provide a brief run down on what your CR looks like?  What other TL's you have, any derogs, age of accounts, how old your newest (previous to USAA) account was?

Message Edited by txjohn on 05-02-2009 06:09 AM

[smallfry]

682 with 48% utilization? Bet you can get close to 700 under 9%. Congrats on the card and BTW 682 ain't bad. 

[Anonymous]

Yeah, he probably would have around 700 "before" apping.  Now with new inquiry and 2 new accounts, chances of 700 probably will have to have some aging.

[keithc]

Many many congrats Jeremy!! i am  an hon. discharged USAF vet and i wonder if i could join?? i am getting my util down to about 5%. shooting for 700!! if you listen to the Mods you will have your scores in the excellent cat! Tx john will pick your brain and turn you into a genius when it concerns fico scoring!!

[haulingthescoreup]

Yes, keithc, I think you can, depending on how long ago you separated. USAA keeps changing its eligibility around, but here's the current version:

Membership is open to:

* Active-duty officers and enlisted personnel.
* Children whose eligible parents have or had a USAA auto or property insurance product.1
* National Guard and Selected Reserve officers and enlisted personnel.
* Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).
* Former military personnel:
o Retired officers and enlisted personnel.
o Former officers and enlisted personnel who separated from the military on or after Jan. 1, 1996.
* Former USAA members who had USAA auto or property insurance.

USAA / Become a Member / Eligibility

I'm also reasonably convinced that my husband has a membership number as well, dating from the first time that we had auto insurance, many years ago. So there appears to be some additional family eligibility beyond the adult children bit.

[keithc]

THANKS so much Hauling!! i am an USAF vet-discharged in the 80's. USAF reserve in the late 90's!

[Anonymous]

Sorry for the temporary threadjack, but I just want to clarify membership.  My father is 67 and was an MP in the army many moons ago. Would he qualify for membership, and then as his daughter I could qualify?

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@haulingthescoreup wrote:
Yes, keithc, I think you can, depending on how long ago you separated. USAA keeps changing its eligibility around, but here's the current version:


Membership is open to:

* Active-duty officers and enlisted personnel.
* Children whose eligible parents have or had a USAA auto or property insurance product.1
* National Guard and Selected Reserve officers and enlisted personnel.
* Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).
* Former military personnel:
o Retired officers and enlisted personnel.
o Former officers and enlisted personnel who separated from the military on or after Jan. 1, 1996.
* Former USAA members who had USAA auto or property insurance.

USAA / Become a Member / Eligibility

I'm also reasonably convinced that my husband has a membership number as well, dating from the first time that we had auto insurance, many years ago. So there appears to be some additional family eligibility beyond the adult children bit.

---

[Anonymous]

Did your father retire?  It appears there are some date ranges which are listed if not retired:  "separation after on or after January 1, 1996."

I separated in October 2005, but was all ready with USAA because of my wife (daughter of warrant officer).  So, I had insurance with them (still do).

However, when we log in, I do notice that I am the "spouse" of the member and not showing as a member on my own.  I tried to "join" but when I entered my SSN it said my "access is restricted" and to call the 800 number.  So, I am going to call and see what my actual status is.