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Contributor
Posts: 83
Registered: ‎11-03-2007
0

Simmons First Credit Card

Hello,

I applied for this card two days ago on line, and after what seemed for over a minute of 'flashing' lights I received a message which read: Your application has been received and processed. Unfortunately we are unable to make a decision at this time.'et cetera', etc.

today, I checked online to see the status of my application and received this message:

 

Congratulations! Your application has been approved.   If you applied for a credit card, you will be notified
by mail in 7 to 10 business days.  If you applied for a loan, listed below are the terms of your loan and a
representative will contact you shortly.    Please print this page for your records.  

 

What would be the next step? Or better put, what should be my next step? Should I call them to find out which card I was approved for, how much my credit limit is? Or, instead wait patiently?

 

Your suggestions would be well appreciated.

Thanks!

Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Simmons First Credit Card

Wait 7 to 10 days for the mail.

 

Or, call in and see if a CSR can/will tell you anything.  But some companies can't tell you anything, cause the CSR doesn't see the details.

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Contributor
Posts: 2,708
Registered: ‎10-16-2008
0

Re: Simmons First Credit Card

Anticipation is half of the fun!  I'd wait for the mail. 

 

And congrats on the approval!  That's a nice card to have.

Regular Contributor
Posts: 180
Registered: ‎05-01-2009
0

Re: Simmons First Credit Card

tx is right on.  It is best to be patient with Simmons.  They are a great national--small bank.  I have had a MC with them for many years and upgraded it to the Plat Visa last year.  Although the 7.25 fixed went to variable, the card--and bank--are keepers.  Enjoy your relationship with them!

Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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Contributor
Posts: 83
Registered: ‎11-03-2007
0

Re: Simmons First Credit Card

Alright! Great advice from the Fico forum members. I'll keep the forum updated, as I patiently meander through the process of establishing this account. Details to follow.

Thank you everyone!

Established Member
Posts: 29
Registered: ‎01-06-2010
0

Re: Simmons First Credit Card

You may want to call in and check the status or check online again for the status. I recieved the same response on the system on 1/8/10. I called today to see what the cl was and int rate. She said i would get a letter in the mail explaining everything. Explaining??? Come to find out their system gives that response to tell you that they have recieved your application and that is stil has to go through underwriting to get approved. Craziness i tell you.
Contributor
Posts: 83
Registered: ‎11-03-2007
0

Re: Simmons First Credit Card

Thanks! I've just checked again online, and it still reads 'Your application has been approved'. I hope I get something in the mail soon to confirm this. Another interesting fact is that they have pulled only 1 report, this was from TU.

Regular Contributor
Posts: 180
Registered: ‎05-01-2009
0

Re: Simmons First Credit Card

Simmons only pulled TU when I upgraded.  My card took the whole 7-10 business days to arrive.  All looks to be in line with their timeline.  Hopefully the card will be in your mailbox shortly.  Enjoy!

Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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Contributor
Posts: 83
Registered: ‎11-03-2007
0

Re: Simmons First Credit Card

Update: After waiting for 5 bank working days, I received my card in the mail today. I telephoned the toll free number indicated on the removable label to activate my new $5000. credit line.

I must state that so far, I am greatly impressed with the way this bank does things.

My question now is: Does Simmons grant automatic credit line increases?

Regular Contributor
Posts: 180
Registered: ‎05-01-2009
0

Re: Simmons First Credit Card

Congratulations!

 

None that I know of.  They are a conservative bank, but increases should not be a problem with a good history with them.


Starting Score: TU 766 EQ 788
Current Score: TU 788 EQ 811
Goal Score: TU 800 EQ 800


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