Credit Card COUNTER-OFFER stipulation?

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DarthVader550
 
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Credit Card COUNTER-OFFER stipulation?

Postby DarthVader550 » Sat Jul 23, 2016 11:11 am

I recently applied for a credit card and there are three fields at the top of the application now that I can see online. Currently it shows the following:

1. Application Status: "Counter-offer"
2. Denial Reason: "Escalating Debt, Judgement "
3. Stipulation: "$1,500"

Does anyone know what this means? Am I denied?


augiedog
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Re: Credit Card COUNTER-OFFER stipulation?

Postby augiedog » Sat Jul 23, 2016 2:10 pm

You should call and find out. You will likely have to call anyway to accept a counter-offer.

Sounds like they will approve you with a $1500 limit. Or maybe they want to see a $1500 payment go to one of your debts? You really can't be sure unless you call.
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MemberSince99
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Re: Credit Card COUNTER-OFFER stipulation?

Postby MemberSince99 » Sun Jul 24, 2016 4:30 pm

I agree with augie. Looks like a denial since they gave you a denial reason however they are counter offering so they didn't approve whatever request you made but it looks like they will conditionally approve you. That's how I interpret it. Best to call as stated.

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CarefulBuilder14
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Re: Credit Card COUNTER-OFFER stipulation?

Postby CarefulBuilder14 » Sun Jul 24, 2016 7:29 pm

I'm thinking they are denying you for the card you actually applied for, but willing to offer you a different (presumably inferior) card.
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DarthVader550
 
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Re: Credit Card COUNTER-OFFER stipulation?

Postby DarthVader550 » Mon Jul 25, 2016 8:37 am

Turns out they were approving me for $1500.00. I guess their standard amount was more and they offered the counter offer. Georgia's Own Credit Union



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