Interesting GM Experience

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
12 posts
Wildcat_1
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Interesting GM Experience

Postby Wildcat_1 » Wed Dec 18, 2013 5:15 pm

Hey All

Been a while since i last posted and have been working through some cards. Came across another one I wanted to have (primarily for World Elite Mastercard status), the no annual fee GM card by Cap One.

Well I went ahead and applied (credit score above 790 average) and it came back instant decline (no locks on credit or anything). I called them up and after about 20 minutes on hold was told they had no idea why but the credit file was pulled but did not give them any info. They then told me they pulled again from different bureau and now its in the hands of another department so I will be informed in 7-10 days.

This is just a day after applying and being approved for the BA chase card with a good limit.

Anyone had similar issues and is this likely to be approved or denied based on this final update ? As I just called the number on the application denial screen not sure if that was recon or not but pushed the guy for an answer and just said would let me know

Let me know your thoughts. Was actually kinda taken aback since other, harder to get cards have been approved

Thanks as always

WC


Wildcat_1
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Postby Wildcat_1 » Wed Dec 18, 2013 5:48 pm

Very interesting indeed and must be a sign of the level of service Cap One offers. I called back and another CSR asked verification questions and then told me approved. Why the first department and CSR did not do this I do not know

MemberSince99
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Postby MemberSince99 » Wed Dec 18, 2013 7:28 pm

Congratulations....I think.

Kripler68
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Postby Kripler68 » Wed Dec 18, 2013 8:44 pm

It still amazes me why people with great credit scores go for Cap 1
So many options out there.

DavidNY
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Postby DavidNY » Thu Dec 19, 2013 12:05 am

Kripler68 wrote:It still amazes me why people with great credit scores go for Cap 1
So many options out there.


If someone wants a consumer GM card there's no other option.

http://en.wikipedia.org/wiki/GM_Card

Wildcat_1
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Postby Wildcat_1 » Thu Dec 19, 2013 1:57 pm

David is right and really the ONLY reason I am picking this one up is that it is the ONLY card I am aware of with no annual fee that comes with top of the line World Elite Mastercard which is great for some of the perks. That is the sole purpose of adding this to the portfolio.

CC Deville
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Postby CC Deville » Sun Dec 22, 2013 1:57 pm

Wildcat_1 wrote:David is right and really the ONLY reason I am picking this one up is that it is the ONLY card I am aware of with no annual fee that comes with top of the line World Elite Mastercard which is great for some of the perks. That is the sole purpose of adding this to the portfolio.


GM really should try to team up with a different bank. I think someone else here recently applied for the GM Card and was approved...for a $600 limit. Nobody but Capital One would pull that cr@p! It also shows that MasterCard has lowered the requirements for a World Elite.

If you have a Citibank MasterCard you may be able to get them to upgrade it to a World Elite. I recently had my Dividend World MasterCard changed to a Dividend World Elite. It may seem shallow, but the only reason I did it was to get the holograph/silver MasterCard logo. The cards that I have heard of or seen as a no fee World Elite are the Dividend, Thank You Preferred and Cash Returns (no longer available to apply for).

Capital One also has another World Elite in the Saks Fifth Avenue MasterCard. I believe you have to first get the store card and then upgrade...but yeah, it's still Capital One.

hematino
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Postby hematino » Tue Dec 31, 2013 5:24 pm

You know what though, although we all know Crap One has poor customer service and a reputation for being usually stingy, the revamped GM rewards seem pretty good. According to the website it seems that the new system gives 5% per ANY purchase regardless of what the merchant is classified as, redeemable as a credit toward a purchase or lease of a new GM made vehicle. This goes up to $5000 a year, then its 2%. The reward also doesn't appear to have any caps or any limit on what you can put toward a new vehicle, nor does it expire. From what I can see, it actually sounds like a pretty good deal, provided you are interested a new GM vehicle (personally I like them but everybody has their own preferences). If a consumer is willing to engage in a little "ms" than it could be especially easy to take advantage of with minimal effort. And its also a WEMC with no annual fee? Cool.

The old system was MUCH less generous with the cash back.
Now she's eyeless.
The snakes she held once
Eat up her hands.

Kripler68
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Postby Kripler68 » Tue Dec 31, 2013 9:24 pm

CC, that is what i am talking about. It would be great for GM to partner with a better Company.
The limits are so out of line with them.

CC Deville
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Postby CC Deville » Wed Jan 01, 2014 9:20 am

Kripler68 wrote:CC, that is what i am talking about. It would be great for GM to partner with a better Company.
The limits are so out of line with them.


Agreed. I'd like to see Citibank issue them. Citibank used to have a card called Drivers Edge (the former Ford Citibank card) that allowed cardholders to redeem the rewards on ANY new OR used vehicle and they even gave extra rewards for mileage. That card is of course long gone now.

I miss the original GM Card issued by Household. That was a gorgeous card and the rewards were hard to beat. I guess nothing stays the same.



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