Bank Credit Cards

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
5 posts
dfm990
Platinum Member
Platinum Member
 
Posts: 66
Joined: Sat Apr 02, 2011 2:28 pm
Location: Miami

Bank Credit Cards

Postby dfm990 » Tue Apr 12, 2011 8:47 pm

Would having an checking/savings account at a bank help any in getting a credit card under that banks name. Or is it the same as applying for any other credit.

Example: would it be easier to get a Chase Sapphire card if i had bank accounts with them.
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)


c0Ld
Gold Member
Gold Member
 
Posts: 25
Joined: Tue Jan 25, 2011 4:12 pm
Location: Illinois

Postby c0Ld » Tue Apr 12, 2011 9:56 pm

At a larger bank, it's a tossup. With a small bank or credit union, though, the customer service is usually more local and personal. I know my credit union issued me an unsecured card before I had even a drop of credit history, just because I'd been banking with them ever since getting my first job. They were able to see my direct deposits and how I manage my money, and figured I'd be low risk.

A big bank like Chase, though? Who knows.

jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Wed Apr 13, 2011 1:05 pm

The credit card programs of many credit unions and other smaller institutions are often outsourced to companies such as major banks (like Bank of America) or other large companies that provide CC services to third parties. Many small institutions don't want to or can't afford to have the CC liability on their books and don't have the staff/expertise to administer a CC program in house. That is not an argument against credit unions or credit union-branded credit cards; it's just a fact of which consumers should be aware.

Since you might end up dealing with a large institution (when "dealing" with a small one), it's probably worth it to consider major banks with which you have a relationship. For instance, at Chase I've had a checking account along with credit cards. I could view all the accounts on the same website and even got extra reward points on my credit card for being a checking customer. I think if you speak with a credit supervisor and point out to them that you also are a savings/checking customer it will help your case.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

dfm990
Platinum Member
Platinum Member
 
Posts: 66
Joined: Sat Apr 02, 2011 2:28 pm
Location: Miami

Postby dfm990 » Wed Apr 13, 2011 6:42 pm

Hmm cool i see, thank you, you two.
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)

sytico
 
Posts: 1
Joined: Tue Jun 14, 2011 3:51 am
Location: New York

Postby sytico » Sat Jun 18, 2011 2:07 am

I think it depends on the bank. Sometimes it helps and sometimes its doesn't really matter. So, it depends.



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests