Decline for Chase, Discover & BankAmericard

[Tommy5746]

I apped for All three and was declined for all three! FML! I did a recon for all three as well and all said the same thing, a Stupid charge off from 2009.. UGH! My credit score was about 640, How much do you think my credit will drop after having 3 declines?

[johnnie23g]

I wouldn't be concerned about the declines but the INQs that cause the declines. I would say 10 points or so. Also it depends on how many current INQs you have on your credit.

[Anonymous]

Hi Tommy,

Those 3 banks you applied for are very prime institutions.  I recommend trying:

American Express Zync

Barclays Apple Financing card

Capital 1

Good luck!

[Anonymous]

---

---

@Anonymous wrote:

Hi Tommy,

Those 3 banks you applied for are very prime institutions.  I recommend trying:

American Express Zync

Barclays Apple Financing card

Capital 1

Good luck!

---

Are you implying that AMEX is a subprime bank, and therefore; the OP may get approved for the AMEX Zync?  Don't waste the inquiry with AMEX OP. 

[Anonymous]

Zync is AMEX's entry level account.  They put tighter reins on the card in exchange for more liberal approval.

[bichonmom]

---

@Anonymous wrote:

Hi Tommy,

Those 3 banks you applied for are very prime institutions.  I recommend trying:

American Express Zync

Barclays Apple Financing card

Capital 1

Good luck!

---

Barclay's isn't easy; they're just a little less stringent than some others.

Cap One has different levels -- you need to be sure you're apping for their lower level card. There is sub-prime and some that seem in-between sub-prime and a higher level card (don't know how else to distinguish it -- "more prime"? that requires excellent credit). I'd look at one that does NOT require excellent credit.

Zync may or may not work. Amex isn't easy, even the Zync.

It depends on how long your AAoA is, your oldest open account, the baddie (how recent/how much/paid/etc.), # of inq, your util... It's not just based on FICO, and 640 is low for a Zync. Maybe high 600s, depending.

You'll definitely take a hit for the inq At this point, you may want to take a breather and wait a few months for the dust to settle and your inq to age, and see if you can get your FICO up a bit. Just paying down your util can do that, depending on what it is now and how many card you have bals on.

[CreditCrusader]

---

@bichonmom wrote:

---

@Anonymous wrote:

Hi Tommy,

Those 3 banks you applied for are very prime institutions.  I recommend trying:

American Express Zync

Barclays Apple Financing card

Capital 1

Good luck!

---

Barclay's isn't easy; they're just a little less stringent than some others.

Cap One has different levels -- you need to be sure you're apping for their lower level card. There is sub-prime and some that seem in-between sub-prime and a higher level card (don't know how else to distinguish it -- "more prime"? that requires excellent credit). I'd look at one that does NOT require excellent credit.

Zync may or may not work. Amex isn't easy, even the Zync.

It depends on how long your AAoA is, your oldest open account, the baddie (how recent/how much/paid/etc.), # of inq, your util... It's not just based on FICO, and 640 is low for a Zync. Maybe high 600s, depending.

You'll definitely take a hit for the inq At this point, you may want to take a breather and wait a few months for the dust to settle and your inq to age, and see if you can get your FICO up a bit. Just paying down your util can do that, depending on what it is now and how many card you have bals on.

---

+1...From what is being reported at this forum lately, Barclay is not as liberal with their approvals (even after recon) as they were at the end of last year. Guess that holiday spirit has faded a bit

[Tommy5746]

---

@bichonmom wrote:

---

@Anonymous wrote:

Hi Tommy,

Those 3 banks you applied for are very prime institutions.  I recommend trying:

American Express Zync

Barclays Apple Financing card

Capital 1

Good luck!

---

Barclay's isn't easy; they're just a little less stringent than some others.

Cap One has different levels -- you need to be sure you're apping for their lower level card. There is sub-prime and some that seem in-between sub-prime and a higher level card (don't know how else to distinguish it -- "more prime"? that requires excellent credit). I'd look at one that does NOT require excellent credit.

Zync may or may not work. Amex isn't easy, even the Zync.

It depends on how long your AAoA is, your oldest open account, the baddie (how recent/how much/paid/etc.), # of inq, your util... It's not just based on FICO, and 640 is low for a Zync. Maybe high 600s, depending.

You'll definitely take a hit for the inq At this point, you may want to take a breather and wait a few months for the dust to settle and your inq to age, and see if you can get your FICO up a bit. Just paying down your util can do that, depending on what it is now and how many card you have bals on.

---

Thanks Bichonmom!