Reply
Established Contributor
Posts: 1,048
Registered: ‎12-12-2011
0

ELAN Cards

[ Edited ]

What is the credit requirements for an ELAN card and CL's they give. Do they extend you credit or does the bank they service? The Bank is Center State.

Walmart / SYNCB - 1,000/12,000 | JCP MasterCard / SYNCB - 5,500 | Dillard's / Wells Fargo - 5,000 | Amazon / SYNCB - 1,000 | Belk / SYNCB - 3,000 | Aeromexico Visa / US Bank - 300 | Capital One - 500/3,700 | Bank Of America 123 Cash Back - 12,000 | Wells Fargo - 300 | AMEX Hilton HHonours - 2,000 | PenFed Platinum Rewards Visa Signature - 30,000 | PenFed Travel Rewards AMEX - 10,000 | PenFed PLOC - 5,000 | PenFed Thrifty Credit - 500 | Discover IT - 8,800 | Wyndham / Barclays - 2,500 | Citi Simplicity - 3,800 | Amazon.com Visa Signature - 5,000 | Chase Freedom Visa Signature - $6,200.
Frequent Contributor
Posts: 273
Registered: ‎09-30-2012
0

Re: ELON Cards

Do you mean ELAN?


Frequent Contributor
Posts: 273
Registered: ‎09-30-2012
0

Re: ELON Cards

I have an Associated Bank Visa. $800 CL, 2 months ago. Check my siggy, my scores have not changed much


Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: ELAN Cards

If it is issued by Elan Financial Service it is a card underwritten by US Bank. US Bank is conservative.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Posts: 1,507
Registered: ‎07-24-2011
0

Re: ELAN Cards


trumpet-205 wrote:

If it is issued by Elan Financial Service it is a card underwritten by US Bank. US Bank is conservative.


Underwritten by US Banks?  Really?  That is very interesting because I have a Visa that I opened through my local CU that I have to use Elan Financial services to view and pay my bills.  As for them being conservative I would say definitely yes because they only gave me a starting limit of $900 and I have major CC's from 2000 to 7500.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Valued Contributor
Posts: 1,357
Registered: ‎02-07-2010
0

Re: ELAN Cards

[ Edited ]

trumpet-205 wrote:

If it is issued by Elan Financial Service it is a card underwritten by US Bank. US Bank is conservative.



this isn't the credit crunch era anymore. Simmons First, PenFed, and Iberia Bank are Conservative. CapitalOne is Conservative too, its just that its Conservative Aggressive;

 

Us Bank cannot possibly be conservative, because it offers higher credit limits than average, and you dont have to have excellent credit to get a card with them. Now, perhaps the card i have with them (cash plus), they are being somewhat conservative about, as some cannot get approved for the cash plus card.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Valued Contributor
Posts: 1,357
Registered: ‎02-07-2010
0

Re: ELAN Cards

of all of the credit offers i have received, 70 percent have come from Elan/Us Bank.... and 100 percent of all of the credit offers i have received from all kinds of small credit unions or banks have ALL been offers via ELAN.....

 

i think this is part of what motivated me to finally aquire a product from us bank. i was never interested in them until early this year.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: ELAN Cards

[ Edited ]

I'm comparing US Bank to Chase, Citi, and BofA, and US Bank is the most conservative among them. No doubt that there are lenders that are more conservative than US Bank like Iberia bank, Penfed, FNBO, etc.

 

However, it is inaccurate to use pre-approval offer to judge the approval criteria (or whether or not it is conservative). Pre-approval, pre-selected, invitation to apply, etc whatever you want to call it, all come from a simple process. Lender basically approach CRA with a very generic criteria (say no BK for the last 7 years). CRA produces a list that matches that criteria, and lender sends offers to everyone on the list. These offers means very little of what the lender is looking for.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.