Thoughts on Creditcard.com's "Your Match" results...

[dodgerslv]

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@a3quit4s wrote:

Was matched to BCP on that site; app'd and was declined

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awww, sorry to hear that. Then i guess there may not be so much thruth to that. According to the cards on your siggy, im sure you have pretty good scores. Do you know the reason for denial yet?

[Pilotdude]

I know nobody is pushing me to rush. Everyone's information is greatly appreciated. Believe me, I fully understand the value of people's opinions here who have done all I am doing previously when I hear don't do something, especially from someone pushing 100k in revolving credit limits, I tend to stop what I am doing and take an objective look at what I was considering.
I believe Bcp is out of my reach until maybe next year this time. Maybe it is and maybe it isn't but I want to play it safer if possible.
My strategy is to go for the card that will be harder to get first and then tackle the easier ones last. So I am thinking at best, BCE if it has a good bonus, discover it and chase freedom.
I find myself being tempted by the current Bcp and BCE bonuses though and I don't want to screw this up.

[ceemee2203]

I think most people are going to get the same offers.

I'm getting the same offers as everyone else, and I didn't even put in my SSN.

Somehow, I don't think this tool is very credit report specific.

[mikka1]

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@Pilotdude wrote:

(...)I believe Bcp is out of my reach until maybe next year this time. Maybe it is and maybe it isn't but I want to play it safer if possible.
My strategy is to go for the card that will be harder to get first and then tackle the easier ones last. So I am thinking at best, BCE (...).

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A little bit offtopic, but from the lender perspective, I don't really think there's any difference between BCE and BCP acceptance criteria.

I can even assume that BCP might have slightly lower acceptance score threshold than BCE, as it has a potential of generating slightly higher fee income from AF.

So if you really want BCP and think it fits your profile better, than BCE does, I'd go for it. I have personally chosen BCE because I don't like AFs at all and I shop a lot in Target and Walmart, and AFAIK Amex does not give 6% on BCP in those stores, but not because I thought it's easier to get it than BCP...

Similarly, I don't really think that PRG or even Platinum cards have much stricter acceptance criteria than Green - as a lot is only about limit, not the color of the card...

Thought It's just IMHO, I might be wrong here.

[Pilotdude]

Thanks mikka.
I have heard that as well but slap me in the noggin and call me crazy, I just don't understand how a Preferred" higher echelon card could have the same lending criteria.
Of course I could be dead wrong and I'd love the 6% back (we shop 500 per month at Ralph's easy).

[Henchman21]

Do you need to avoid the inq? If it won't hurt you too bad to get a denial...

[a3quit4s]

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@dodgerslv wrote:

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@a3quit4s wrote:

Was matched to BCP on that site; app'd and was declined

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awww, sorry to hear that. Then i guess there may not be so much thruth to that. According to the cards on your siggy, im sure you have pretty good scores. Do you know the reason for denial yet?

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http://ficoforums.myfico.com/t5/Credit-Cards/AMEX-RECON/td-p/1944895

[Pilotdude]

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@Henchman21 wrote:

Do you need to avoid the inq? If it won't hurt you too bad to get a denial...

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Yea.  I'd like to avoid a inq if there is a good chance it won't result in an approval.  I might very well be overly cautious in that regard though. 

My inq picture is:

EX 7 but all old (well over a year and a half)

EQ 2 1 old, one from Jan 13

TU 2 1 old, one from Jan 13

[Henchman21]

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@Pilotdude wrote:

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@Henchman21 wrote:

Do you need to avoid the inq? If it won't hurt you too bad to get a denial...

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Yea.  I'd like to avoid a inq if there is a good chance it won't result in an approval.  I might very well be overly cautious in that regard though. 

My inq picture is:

EX 7 but all old (well over a year and a half)

EQ 2 1 old, one from Jan 13

TU 2 1 old, one from Jan 13

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I don't blame you for not wanting any more. I suppose there's not some sort of SP pre-approval you can use. Maybe you can convince yourself to hold out until the EX inq's fall off?

[RhubarbPie]

I've mentioned this before on this board, but I don't really think creditcards.com is a very valid card "matching" service (especially considering you don't need to give them your SS to get matched), but they do have signup bonuses that are not found elsewhere. That is definitely the biggest value of the their matching service.