Are you more apt to be approved if..

Booner72 · ‎04-08-2012

You sign up for that b.s. balance protection thing? Maybe the banks feel a little better about approval if you do?

DH signed up when he got the Lowe's approval. Wondering if ya'll have talked about this before? (probably is my guess).

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720

drkaje · ‎04-08-2012

I doubt it.

Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO

Take the FICO Fitness Challenge

Chris123nTx · ‎04-08-2012

I dont think they can legallly condition an offer of credit based on your buying a seperate.product. could be wrong, but i am pretty sure that is a no no on a card issuers part. I am disabled and had someone ask me if i would like that "protection". Told them i would be happy too as long as they were going to pay my card balances all the time for me.

boomhower · ‎04-08-2012

For that no, but I do think at times if you indicate a BT on an app it can help. But also hurt depending on the card.

crunching_numbers · ‎04-08-2012

@boomhower wrote:
For that no, but I do think at times if you indicate a BT on an app it can help. But also hurt depending on the card.

I am not so sure that indicating a BT helps you get approved as much as it might influence the CL. Not even sure if that is true of just something we believe.

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)

LS2982 · ‎04-08-2012

I dont think it helps, anytime i was ever declined by GE i signed up for the protection

EQ FICO 548 3/3/16