- Centurion Member
- Posts: 3959
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
otter wrote:I think the Citi Double Cash is one of those cards you expect to be big on fico because it's by a major prime issuer. The ones which amaze me are the obscure banks and especially credit unions which go viral over there. Imagine you're an underwriter at a small credit union and you average maybe 20 credit card apps a week. Sure, you might be a little more generous with CL's, but cards aren't a big part of the CU's portfolio. You might not even be the only analyst who reviews credit card apps- your CU is small so everyone does mortgages/auto loans/personal loans, etc. All of a sudden, you go from 20 apps a week to 50, then 500 then 7000 and so on... you... you would think these credit unions would be cautious initially instead of waiting until the "fixmycredit's" jump into the pond...
I just checked on myfico and it really is incredible...almost half the threads in the credit card section have 'NASA' in the title.
The card caught on, and people started apping heavily. The credit union staff got uneasy, and started manually declining people who were approved by the computer.
And then the flood of recon calls.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May