Technology Credit Union (Tech CU) - in the SF Bay Area

[BIGSTARXXX]

Has anyone applied for the Technology Credit Union for a credit card. They are in the SF Bay area - I bank with them, and they just started offering their own credit cards. I spoke with them and they pull EXP, and said they require a score of 740 (seems high)

Has anyone applied for this ? any data points - a search does not reveal anything

Thanks

[AverageJoesCredit]

Wow, 740 begining. Wonder if you have to have M.I.T type background lol

[Anonymous]

Just another example of what's wrong with California, smh

[BIGSTARXXX]

I had a long call with a different  CSR, lot of good info

she said the 740 was not true - they don't have a magic cut-off per se

they place a lot of emphasis on

low util

long credit history (seem to be new acct sensitive)

past Tech CU experience helps

they do all manual reviews - and look at everything

Visa Classic: up to 25K limits

Visa Signature: up to 50K limits

In the end I did not apply - on score alone I would get approval, but I  have 3 new accts in last 6 months

I really want a cc with the bank I do all my biz with, but it can wait

[sjt]

It has not been confirmed that they require a 740 score. Also, there are many California CU that do not require that high of a score to be approved for their lending products. There are many in other states that do require a high score......

[BIGSTARXXX]

see my last reply (I spoke with a diff't CSR who had add'l info)

[austinguy907]

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@BIGSTARXXX wrote:

I really want a cc with the bank I do all my biz with, but it can wait

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Why?  While this seems to make logical sense it doesn't necessarily make financial sense.  A lot of people do this though but, When you can pick a checking account that makes 2.5% or more and TCU offers 0.05% on checking. If you keep anything worthwhile in cash this doesn't make sense.  If you keep a good cushion of 25-50K there's plenty of options that will pay you while you float everyday charges on your CC's.  When I was getting 2.5% up to 25K that's approx $50/mo of interest in my pocket.  

Do yourself a favor and put some time into finding an account that works for you

www.depositaccounts.com go under checking / reward checking