MemberSince99 wrote:They've always been that way. It's always YMMV. If there is truly ONE thing you learn about the topic of credit cards, it is that your buddy may well be treated totally different by the same company than you will be treated even if you have profiles that seems pretty similar.
In the end being they are for profit corporations it must come down to their feeling of how profitable a customer you may be for them in terms of what they give you.
There's no "feeling" with the bank. They're doing things in a way that they think will make them the most money. So the differences between you and your buddy matter. You might not think they'd matter, and some of them might not matter much. But lots of credit decisions are binary: you either qualify, or you don't. If the internal system is such that anyone with a score of 700 gets the signature card, and anyone with a score of less than 700 doesn't, and your buddy has a score of 701 and you have a score 699, he gets it, you don't. Those two points could be from something you think of as inconsequential, like he's had the same address for 5 years, and you've only been in your place a year, or that your debt-to-income ratio is *worse* than his (because at some ranges, it increases the amount you'll pay in interest.). It looks random and capricious to the outsider, but there's a system to it.
(I'm not saying I think the banks are actually very good at this, just that they think they are. They're not at all the same thing.)