Credit Cards

[chnceit]

Does anyone know or think local banks in your state besides CU's are just as hard to obtain their CC's like national banks or are they easier?

I want to apply for a cc at my local bank that I already bank with, but don't want to be denied or given a low credit line.  

Thoughts?

[linux007969]

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chnceit wrote:

Does anyone know or think local banks in your state besides CU's are just as hard to obtain their CC's like national banks or are they easier?

I want to apply for a cc at my local bank that I already bank with, but don't want to be denied or given a low credit line.  

Thoughts?

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some don't even handle their own credit cards, some are issued and Administrated by companies like FIA Card Services, Elan Financial or even First National of Omaha.

[chnceit]

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linux007969 wrote:

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chnceit wrote:

Does anyone know or think local banks in your state besides CU's are just as hard to obtain their CC's like national banks or are they easier?

I want to apply for a cc at my local bank that I already bank with, but don't want to be denied or given a low credit line.  

Thoughts?

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some don't even handle their own credit cards, some are issued and Administrated by companies like FIA Card Services, Elan Financial or even First National of Omaha.

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You are correct my local bank offers two cards. One is serviced by them and one by FIA. I checked the T&C. But I want the one that is serviced by them. 

[SnackTrader]

It will all depend, and I'm not sure any information you will get on this site will help you determine your chances.  I say talk to a CSR or lender at the bank and ask about what they look for in a customer, or what types of profiles other people have had who have been approved for the card.  Obviously, they won't be able to tell you if you can get approved or not until you apply and they pull your credit, but they may be able to give you information about how they evaluate applications and what their primary criteria is (income vs. long credit history vs. no baddies, etc.)

Best of luck!

[TheConductor]

+1 SnackTrader

It is very much dependent on the specific bank. Some are strict in their lending requirements, some are more lenient. Some give a lot of weight to established checking/savings history with the bank; some give that no weight at all. Some are generous with credit lines but make obtaining a credit card difficult, while others are generous in giving cards and stingy with limits.

The good and the bad of community banks is there is a wide variety of them all with different business practices.  One of them will surely be right for you and your current credit profile, it just may not be the one you're with.

Definitely ask a banker at the bank. I've banked with credit unions, community banks, and mega-banks over the past 25 years, and in my experience it's the small community banks and credit unions who will be most frank with you about what they want and where you stand, before ever pulling a credit report.

Also, you can learn a lot about a bank's likely lending practices by checking out the Health tab on the bank's page at http://www.depositaccounts.com.  Explaining all those numbers and what they mean is a task beyond the scope of this thread, but if you invest some time in understanding them you can get a sense of how much a particular bank's lending is open to sub-prime and/or higher-risk borrowers.

[Jutz]

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linux007969 wrote:

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chnceit wrote:

Does anyone know or think local banks in your state besides CU's are just as hard to obtain their CC's like national banks or are they easier?

I want to apply for a cc at my local bank that I already bank with, but don't want to be denied or given a low credit line.  

Thoughts?

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some don't even handle their own credit cards, some are issued and Administrated by companies like FIA Card Services, Elan Financial or even First National of Omaha.

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I've seen this to be the case more often than not

[collinsridge]

Was wondering the same thing like for SunTrust, anyone know what it takes to get approved there?