topic Re: GE MONEY BANK in Credit Card Approvals

GE MONEY BANK

virgo — Sun, 23 Mar 2014 02:14:40 GMT

Finally broke through with GE Money Bank. Just approved for Walmart. Cheesy limit but from what Im reading, once you're in with them, you're in the will.

Sheesh, this credit business is a second job.

Thanks again to the FicoPros.

Re: GE MONEY BANK

toi34 — Sun, 23 Mar 2014 02:19:45 GMT

What was your experience with GE in the past? Why is this a breakthrough?

Re: GE MONEY BANK

kris10smom — Sun, 23 Mar 2014 02:20:16 GMT

Do you any baddies on your report? What CB did they pull? What's the credit score that got you in?

I've been wanting a WM card for awhile...just don't want to waste an INQ if denied.

Thanks in advance!

Re: GE MONEY BANK

gdale6 — Sun, 23 Mar 2014 02:21:50 GMT

@virgo wrote:
Finally broke through with GE Money Bank. Just approved for Walmart. Cheesy limit but from what Im reading, once you're in with them, you're in the will.

Sheesh, this credit business is a second job.

Thanks again to the FicoPros.

Grats on your approval It can be for some....

Re: GE MONEY BANK

toi34 — Sun, 23 Mar 2014 02:22:20 GMT

WM is a minimum of 630 on TU (from my experience).

Re: GE MONEY BANK

Jarnog — Sun, 23 Mar 2014 02:26:19 GMT

@kris10smom wrote:
Do you any baddies on your report? What CB did they pull? What's the credit score that got you in?

I've been wanting a WM card for awhile...just don't want to waste an INQ if denied.

Thanks in advance!

I have a lot of collections on my report, working on getting them cleared. Almost all are 2+ years old at least. Got approved for $600

They pulled TU for me, and according to the WM site (free Fico), I have a 622 TU fico score.

Its YMMV though, because my wife applied with way less baddies all over 3 years old, and a 644 TU score from My Fico, and a 599 EQ score (score watch) and she was denied, and they pulled EQ for her (which was odd to me).

Re: GE MONEY BANK

CreditUnionFan — Sun, 23 Mar 2014 02:26:29 GMT

@toi34 wrote:
WM is a minimum of 630 on TU (from my experience).

Sometimes more than 630, from my experience. They solicited me several times with letters that made it sound like all I had to do was sign the form to get the card, but would perform multiple HPs on my reports (sometimes the same one) only to decline.

I did finally get in. Took a $500 limit and worked it up to $10k in no time.

Re: GE MONEY BANK

virgo — Sun, 23 Mar 2014 03:16:35 GMT

I couldn't even get the Chevron starter card.

Im sorry, I dont know who they pulled yet. Scores 696-703. No baddies whatsoever on all reports. NFCU, DIscover, Chasex2, Cap 1.

I wanted the Walmart Discover. Can I recon for a higher limit? Its not worth the hard pull for that cheesy limit.

Re: GE MONEY BANK

toi34 — Sun, 23 Mar 2014 03:17:12 GMT

How long did it take to gor from $500 to $10,000???? Explain how you did it.

Re: GE MONEY BANK

azguy13 — Sun, 23 Mar 2014 03:20:36 GMT

Congrats on the GE card buddy!

Re: GE MONEY BANK

Anonymous — Sun, 23 Mar 2014 03:28:13 GMT

Congrats on joining the Walmart family!

Re: GE MONEY BANK

Sooners2013 — Sun, 23 Mar 2014 04:42:35 GMT

Please give us the details on how you went from 500 to 10,000?

Re: GE MONEY BANK

CreditUnionFan — Sun, 23 Mar 2014 04:53:51 GMT

@Sooners2013 wrote:
Please give us the details on how you went from 500 to 10,000?

I accepted their $500 credit limit they originally approved.

Once the card was in hand, I called Credit Solutions (see sticky) and asked for more. The underwriter asked how much, and I jokingly said my other Discover had a $9200 limit (which it did) and it would be great if the WalMart Discover had a similar limit, so roughly $10k.

The underwriter put me on hold, came back a few minutes later, and it was approved.

Once your foot is in the door, Credit Solutions is your friend. In a similar fashion, after receiving an initial CL of $500, I called twice on a Toys R Us card... once I thought $3k was enough for it, and then when my wife started talking about all of the purchases she had in mind, I called back and requested the $6k. Got $6k through Credit Solutions even before the first statement.

On my last attempt at GECRB, I got $3k out of the gate on the EBay MC, so I left that one alone.

Re: GE MONEY BANK

virgo — Sun, 23 Mar 2014 06:02:00 GMT

It probably sounds like Im complaining but I have worked really hard to get to the point where I am so I felt that a higher limit would mitigate the hit my AAoA will take.

Is Credit Solutions their underwriting arm?

Re: GE MONEY BANK

coldnmn — Sun, 23 Mar 2014 10:47:18 GMT

Congrats on the Walmart card! Thanks for sharing.

Re: GE MONEY BANK

alvon123 — Sun, 23 Mar 2014 11:45:03 GMT

congrats

Re: GE MONEY BANK

-Wade- — Sun, 23 Mar 2014 19:02:57 GMT

@virgo wrote:
Finally broke through with GE Money Bank. Just approved for Walmart. Cheesy limit but from what Im reading, once you're in with them, you're in the will.

Sheesh, this credit business is a second job.

Thanks again to the FicoPros.

Congrats on your approval

Re: GE MONEY BANK

SunriseEarth — Mon, 24 Mar 2014 21:07:11 GMT

Approvals are a good thing. Congrats!

They always pull TU, AFAIK. I was ~620 when approved with $300 CL back in August. Just got CLI to $700 this month by LUV button. Never had luck with Credit Solutions.

That being said, Credit Solutions is SP, so there's no harm in trying them if you don't like your initial CL.