Well, did what I said I would never do again... apply for the latest hot card @ fico. For those who are new to these boards- every so often someone on fico "finds" an obscure card with rewards, CL's, and/or liberal underwriting which seem too good to be true and it takes off like a wildfire. Some of the most recent ones were Huntington Bank, PenFed Fort Knox, and the infamous OCCU (ie Duck/Beaver) Cards.
The OCCU card was a classic example of a relatively small credit union unprepared for 21st century communication as they quickly overextended themselves and then realized their mistake after the fact.
What happened next is a source of much debate (and if you asked Member or others who have/had the cards, they may vehementy disagree with my take on what happened), but I think everyone agrees that (1) There were those who were extended credit who should have never gotten it from OCCU (see this post
if you have doubts about that).(2) The way OCCU went about closing accounts was dishonest and probably unethical. Lying about "security breaches" and telling people you are closing their account because they are not a member of the credit union (not true- I was never a member of OCCU but was not closed) isn't a good way to do business, especially in the internet age where it is easy to "compare notes" with others.
So like a dog returning to their vomit... I apped for the new fico craze. Got the 3-5 message from NASA but I think based on some of the other approves, I should get in (someone with a comparable score/income got 25k and they have a bankruptcy- which I don't). If I get something comparable, the Duck is dead. I think I've gotten in early enough with NASA because eventually they'll probably tighten up their criteria.
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450