Counter offer upon applying

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awc264
 
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Counter offer upon applying

Postby awc264 » Tue Nov 24, 2015 10:46 am

Hi,

I am currently looking to rebuild my credit and don't want to get declined for a card.
I have heard that banks offer counter off for declined application with different apr etc
Does anybody know which cards offer this?
What kind of counter offer should I expect?


kdm31091
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Re: Counter offer upon applying

Postby kdm31091 » Tue Nov 24, 2015 12:34 pm

awc264 wrote:Hi,

I am currently looking to rebuild my credit and don't want to get declined for a card.
I have heard that banks offer counter off for declined application with different apr etc
Does anybody know which cards offer this?
What kind of counter offer should I expect?


The only counter offers I hear about are generally Bank of America and Discover, and usually the counter offer is just a secured and/or joint version of what you applied for. Also, it's not really a counter offer thing but Capital One offers varying levels of cards for rebuilding, including the QS One that is reasonably easy to qualify for. You may want to look into that.

jcarte29
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Re: Counter offer upon applying

Postby jcarte29 » Tue Nov 24, 2015 1:35 pm

awc264 wrote:Hi,

I am currently looking to rebuild my credit and don't want to get declined for a card.
I have heard that banks offer counter off for declined application with different apr etc
Does anybody know which cards offer this?
What kind of counter offer should I expect?



Chase offers a website to "pre approve" (off a soft pull) for one:

https://creditcards.chase.com/prequalif ... g=masthead


Capital One does too:

https://findmycard.capitalone.com/en/Pa ... E_V01.aspx


Let us know what you find :)
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Cap One Quick $2,600[4-10]

yfan
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Re: Counter offer upon applying

Postby yfan » Tue Nov 24, 2015 4:32 pm

If you at all can, don't rely on counter-offers. There's no certainty a bank will offer it to you, even if it has to others. What stage of rebuilding are you at? How are reports? What are the baddies? How are you working on them?

USADR
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Re: Counter offer upon applying

Postby USADR » Fri Nov 27, 2015 6:16 pm

I was in your same position 2 months ago. A member here helped with advice and sent me to Barclay. They approved me and this card is my first in 7 years. And my credit is not very good. When I applied on line they could not give me an answer. I called and explained my situation and they approved me on the spot. Then a week later I received a letter in mail telling me that I was denied. But that was the online application. Thank God I called.

ingramjuan
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Re: Counter offer upon applying

Postby ingramjuan » Sun Nov 29, 2015 11:36 pm

awc264 wrote:Hi,

I am currently looking to rebuild my credit and don't want to get declined for a card.



My suggestion is just go straight to Capital One and get a secured card?? Hope you post what you decide and what card did you finally get!!

Good Luck!
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Vermonster
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Re: Counter offer upon applying

Postby Vermonster » Mon Nov 30, 2015 10:06 am

Rebuilding is a very different animal than "no credit."

To offer the best advice we would need to know why you are rebuilding and which banks you may have burned in the past. Other things like your current Fico score can help a little more.
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4ktvs
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Re: Counter offer upon applying

Postby 4ktvs » Mon Nov 30, 2015 10:44 pm

If you really want to be sure you get a card go for the Open Sky secured visa. But I would try capital one first before doing that.



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