Just submitted my first application

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
7 posts
tamale
 
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Joined: Tue Dec 04, 2012 11:39 pm
Location: Houston

Just submitted my first application

Postby tamale » Tue Dec 04, 2012 11:46 pm

Hi!

So I have been researching and lurking here to see which card is best for me, since I have never applied. I decided to go for the Freedom card. I applied today and I got a response saying they will let me know in one week.

Does this mean they denied probably will deny me since I wasn't instantly approved?

Here's some info about my situation:

1. International Student
2. Got a job on campus, so along with that an s.s.
3. No credit

Also my school wasn't listed so maybe that was a problem?

My question is, should I go ahead and call a back door number and talk to someone just to make sure everything is good?

Thanks!


MaxPunishment
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Postby MaxPunishment » Sat Dec 15, 2012 12:21 am

Banks will only approve you instantly if there is absolutely no flag whatsoever that is brought up by your application. My credit is Experian 783 and Equifax 780 and personally I've never been approved for a card instantly and I've applied for several in recent weeks. You mentioned at least 3 flags in your post that they will have to investigate so that's why it may take a few days.

To be honest, applying for a Chase Freedom off the bat probably wasn't the best move as you require excellent credit for that card and even people with very good credit have been denied for that card, but the advantage you have with Chase is they have a very good reconsideration line and they'll be able to tell you exactly why you were denied if you aren't able to pitch a strong case to them to get yourself approved.

Your best bet is to be proactive and call the applications line now and make your case before the decision has been made. Make sure you listen carefully to the info they give you as other banks will probably have the same concerns and that will help you figure out what direction to go in with your next application

jdauria
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Postby jdauria » Sat Dec 15, 2012 8:43 am

I applied for Chase Freedom as well and its been a few days. I called Chase application line, just told me to wait a few days. I applied for Citi Forward and was immediately approved with $6k CL. I'll be using Citi Forward for restaurant, bookstore, music store purchases because they give 5 pts per $1.

You may be better off getting a "secured" card. One were you deposit money into it upfront that way you don't over the limit and building creditworthiness
[font=Times New Roman][size=80]American Express Green[color=green] [NPSL][/color]
American Express Blue Cash Preferred
Chase Freedom

Future:
American Express Premier Rewards Gold[/size][/font]

MemberSince99
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Postby MemberSince99 » Sat Dec 15, 2012 6:05 pm

Wow congratulations on your Forward jdauria. I have applied with Citi a number of times and they simply do not like me so I've been declined every time. Congratulations to you for getting in with them.

As for the original poster another one to consider is Discover More, the student card. Should have relaxed requirements a bit.

Last but not least Max, you've NEVER gotten instant approval? How many have you applied for and do you have any baddies? That's surprising to me. I have no red flags at all though currently a number of inquiries and new accounts, and I've been approved instantly for a number of cards with lower scores, most recently the Barclays. I'm thinking maybe you only apply for the uber-conservative cards like Simmons and so on? Heck I've gotten Amex instant approvals for that matter. So your score is sure good enough I can tell you that!

MaxPunishment
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Postby MaxPunishment » Thu Dec 27, 2012 2:26 pm

MemberSince99 wrote:Wow congratulations on your Forward jdauria. I have applied with Citi a number of times and they simply do not like me so I've been declined every time. Congratulations to you for getting in with them.

As for the original poster another one to consider is Discover More, the student card. Should have relaxed requirements a bit.

Last but not least Max, you've NEVER gotten instant approval? How many have you applied for and do you have any baddies? That's surprising to me. I have no red flags at all though currently a number of inquiries and new accounts, and I've been approved instantly for a number of cards with lower scores, most recently the Barclays. I'm thinking maybe you only apply for the uber-conservative cards like Simmons and so on? Heck I've gotten Amex instant approvals for that matter. So your score is sure good enough I can tell you that!


I've never had a late payment, never not paid the balance in full on any card I've owned and have had perfect history with all bills and leases. Not sure why I don't get instant approval, but that's actually fine with me because I feel like when I immediately call reconsideration lines they just look at the screen blankly as to why I wasn't approved and just give me a higher credit limit than I normally would've gotten just for my inconvenience.

However, in the past few weeks my SSN has been associated with over a dozen applications (half of which were solely in my name, another half others where I was authorized users on other family members' accounts) so that may have something to do with it, but I was not getting instant approval on even my first and second application and those were my first credit card applications in over two years!

MemberSince99
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Postby MemberSince99 » Thu Dec 27, 2012 7:48 pm

All I can really say about that is wow. Hard to believe.

jdauria
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Postby jdauria » Fri Dec 28, 2012 6:44 am

jdauria wrote:I applied for Chase Freedom as well and its been a few days. I called Chase application line, just told me to wait a few days. I applied for Citi Forward and was immediately approved with $6k CL. I'll be using Citi Forward for restaurant, bookstore, music store purchases because they give 5 pts per $1.

You may be better off getting a "secured" card. One were you deposit money into it upfront that way you don't over the limit and building creditworthiness


I was originally denied by Chase for the Freedom card, called the reconsideration line and was approved 3 minutes later.
[font=Times New Roman][size=80]American Express Green[color=green] [NPSL][/color]

American Express Blue Cash Preferred

Chase Freedom



Future:

American Express Premier Rewards Gold[/size][/font]



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