General Fico Score needed for Very Prime Card?

[Repairman]

I know there are a lot of factors that go into credit card approval, but generally speaking, assuming your file is good, what type of Transunion score do you think one would need to get approved for a Prime credit card with low APR and $25,000 cl?

[AverageJoesCredit]

Very few lenders will give anyone a 25k card with a low apr. The only exception is Navy Federal and you could rock a 650 cs and still pull it off.  Best bets are CUs since even those super Prime cards usually are reward type cards with highish apr. If you have a good score and income you might get their best apr with a high limit but as per usual know thy lender

[rostrow416]

A score is only one factor.  Starting limits and APRs take into account your income, debt-to-income ratio, quality of your credit report (since you can have a high score even with dings), and any other factors a lender has established.

Basically, a good score can get your foot in the door, but it isn't solely used to determine the terms you receive.

[KJinNC]

I don't think the FICO score is going to be the determining factor, as long as you are above, say, 720. I think it will be more about other factors of your profile, such as how aged it is; some lenders focus on new accounts; some lenders focus on inquiries; income will probably be a major factor in approval for a high CL like that; relationship with that institution may be a large factor. Getting a starting CL of $25K is not super common with most issuers.

One of the things I have gradually learned over the past year and a half is that FICO score is less important than what is actually on your reports in most cases. There are people with 680 scores who seem to get whatever they apply for, and people with 800s who get surprise denials, and I've experienced both sides of that myself to some extent. JMO YMMV!

[FinStar]

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@Repairman wrote:

I know there are a lot of factors that go into credit card approval, but generally speaking, assuming your file is good, what type of Transunion score do you think one would need to get approved for a Prime credit card with low APR and $25,000 cl?

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Which "Prime" credit card are you aiming for that pulls TU?  What do you define as a low APR in the hypothetical scenario you are describing?  Any specific reason for the $25K threshold?  Is $15K-$20K "too low"?

[Repairman]

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@rostrow416 wrote:

A score is only one factor.  Starting limits and APRs take into account your income, debt-to-income ratio, quality of your credit report (since you can have a high score even with dings), and any other factors a lender has established.

Basically, a good score can get your foot in the door, but it isn't solely used to determine the terms you receive.

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Yes. That is correct. I said the same thing in my post, which is why I said generally speaking, assuming your file is good. As an example, even with a "good," file you probably wouldn't be approved for a $25,000 cl, sub 10% APR Prime card from a Credit Union with a 500 score. But would you with a 700? Or 750? Or would an approval offer like that likely be strictly reserved for 800+ scores? That's basically, my question.

[Repairman]

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@FinStar wrote:

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@Repairman wrote:

I know there are a lot of factors that go into credit card approval, but generally speaking, assuming your file is good, what type of Transunion score do you think one would need to get approved for a Prime credit card with low APR and $25,000 cl?

---

Which "Prime" credit card are you aiming for that pulls TU?  What do you define as a low APR in the hypothetical scenario you are describing?  Any specific reason for the $25K threshold?  Is $15K-$20K "too low"?

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Just asking because I've seen prime Credit Union cards that offer high "$25,000" credit limits as a selling point for "qualified applicants." I define low APR sub 10%. I don't particularly want a card with a $25,000 cl, I'm just curious as to what type of score would qualify you for such a card, considering you have no major dings on your report.

[FinStar]

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@Repairman wrote:

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@FinStar wrote:

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@Repairman wrote:

I know there are a lot of factors that go into credit card approval, but generally speaking, assuming your file is good, what type of Transunion score do you think one would need to get approved for a Prime credit card with low APR and $25,000 cl?

---

Which "Prime" credit card are you aiming for that pulls TU?  What do you define as a low APR in the hypothetical scenario you are describing?  Any specific reason for the $25K threshold?  Is $15K-$20K "too low"?

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Just asking because I've seen prime Credit Union cards that offer high "$25,000" credit limits as a selling point for "qualified applicants." I define low APR sub 10%. I don't particularly want a card with a $25,000 cl, I'm just curious as to what type of score would qualify you for such a card, considering you have no major dings on your report.

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Speaking from my own experience, I have been approved for a variety of CUs (local & geo-fenced ones + UNFCU, NFCU, BECU, etc.) with sub-10% APRs (although the APR is a non-event for me) with SLs > $20K.   The score, while it may have been a factor in UW, would've been evaluated through each CU's own FICO versions (I've fluctuated from ~780 to ~820 FICOs with any given approval).   The other factors that appeared to be  more influential were things like income/DTI, overall breadth of profile, and perhaps a sprinkle of relationship.  Score alone isn't really a thing - it can serve as a benchmark but that alone isn't going to be the final say.

You can see what others have achieved based on recent DPs, such as @coldfusion and his recent Andrews FCU approval.  There's others who have achieved similar successes (by count of CUs in their signature or previous experiences) include @Gmood1, @woodyman100, @SouthJamaica, @K-in-Boston, @CreditCuriosity, @galahad15, @DaveInAZ and plenty of other members.

Of noteworthy, don't limit your opportunities with a specific CRA, plenty of other great CUs also use EX and EQ.

[Repairman]

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@FinStar wrote:

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@Repairman wrote:

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@FinStar wrote:

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@Repairman wrote:

I know there are a lot of factors that go into credit card approval, but generally speaking, assuming your file is good, what type of Transunion score do you think one would need to get approved for a Prime credit card with low APR and $25,000 cl?

---

Which "Prime" credit card are you aiming for that pulls TU?  What do you define as a low APR in the hypothetical scenario you are describing?  Any specific reason for the $25K threshold?  Is $15K-$20K "too low"?

---

Just asking because I've seen prime Credit Union cards that offer high "$25,000" credit limits as a selling point for "qualified applicants." I define low APR sub 10%. I don't particularly want a card with a $25,000 cl, I'm just curious as to what type of score would qualify you for such a card, considering you have no major dings on your report.

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Speaking from my own experience, I have been approved for a variety of CUs (local & geo-fenced ones + UNFCU, NFCU, BECU, etc.) with sub-10% APRs (although the APR is a non-event for me) with SLs > $20K.   The score, while it may have been a factor in UW, would've been evaluated through each CU's own FICO versions (I've fluctuated from ~780 to ~820 FICOs with any given approval).   The other factors that appeared to be  more influential were things like income/DTI, overall breadth of profile, and perhaps a sprinkle of relationship.  Score alone isn't really a thing - it can serve as a benchmark but that alone isn't going to be the final say.

You can see what others have achieved based on recent DPs, such as @coldfusion and his recent Andrews FCU approval.  There's others who have achieved similar successes (by count of CUs in their signature or previous experiences) include @Gmood1, @woodyman100, @SouthJamaica, @K-in-Boston, @CreditCuriosity, @galahad15, @DaveInAZ and plenty of other members.

Of noteworthy, don't limit your opportunities with a specific CRA, plenty of other great CUs also use EX and EQ.

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Thanks for the insight! Any reccommendations of CUs with great opportunity for low APR/high limit/good perks ccs?

[Anonymous]

Navy and PenFed jump out as the 800lb gorillas in the CU room for their cards' high limit possibilities. There are others but you'll find the most info on these two on the forum. As a DP, I replied to a PenFed mailer back in September and with no prior relationship but with an aged (AoOA 14 years) and thick (29 accounts open and closed) CR and a 772 TU9 score, was approved for a PCR card with an $8750 limit. I had one baddie on the report which was aged and is now about 3 months from falling off. I suspect it might've been a higher approval without that, but the length of my history and the diversity and bulk of my CR likely helped overcome that derog for a good SL. With a newer or thinner file that could well have been a smaller approval.

I joined Navy a week ago yesterday and even with five new cards and a car loan this year, I got a $1k card and a $7k personal loan within half an hour of each other, less than six hours after joining them for the first time. Again, content of my profile likely helped nab those two approvals with zero history otherwise.

Like is stated above, your file is likely what determines your approval terms. The score just gets you in the door.