Which banks do manual credit card reviews for application?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Maximilian
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Which banks do manual credit card reviews for application?

Postby Maximilian » Sun Apr 22, 2012 10:29 am

Hello,

It seems that for some reasons whenever I apply online, I never ended up getting approved for a credit card -- it may be due to the fact that my credit history is fairly new here in the US (6 months old). However I've managed to obtain a number of credit/charge cards, including American Express Platinum card when my application was reviewed manually and not through the "60 Second" decision making system.

Can someone list the name of the banks and/or credit card issuers which would review your application manually?

Thanks,
Maximilian.


CC Deville
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Postby CC Deville » Sun Apr 22, 2012 5:32 pm

Instant approvals are based on risk models. Someone with a verifiable SSN and 10+ years of solid, good credit history is more likely to be instantly approved than others. Many times there is something that makes the bank want to take a harder look at the applicant. It could be geographical location mismatch (recently moved, multple unit or apartment numbers per street address etc); it could be that you have a ton of avaialble credit so they will want to know why you want more(BofA did this to me); it could be something that they cannot verify etc.

I do not have a "list" of banks that will automatically process a manual review because any bank/credit union can do this. Obviously, they have spent time and money on setting up instant approvals; however, on occasion they may manually review the application. Many if not most credit unions do a manual review and many of these request financials before being approved.

Crashem
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Postby Crashem » Sun Apr 22, 2012 9:55 pm

Do a search for it online. Most of the large issuers have reconsideration line.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Maximilian
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Postby Maximilian » Mon Apr 23, 2012 10:34 am

Thanks for the response.

As far as the reconsideration is concerned, would that mean your credit will get another hard hit, or will they use the same report to re-evaluate your application?

Thank you.

Regards,
Amir Golestan.

Crashem
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Postby Crashem » Mon Apr 23, 2012 9:52 pm

Depends but if you do it right away, they are more likely to use the hard inquiry they have. Ask them though. Do search for reconsideration line for whoever rejects you
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k



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