topic Re: Avant CB Card approved.... fooled again! in Credit Card Approvals

Avant CB Card approved.... fooled again!

acercode — Sat, 17 Dec 2022 03:17:59 GMT

I don't really need it but fell for the CK $50 guarantee once again.

$300 CL

1% CB

$59 AF

Re: Avant CB Card approved.... fooled again!

kickhard88 — Sat, 17 Dec 2022 03:27:06 GMT

doesnt avant have a prequalify where it shows how much you be approved or its nots accurate i never pulled the trigger on it

Re: Avant CB Card approved.... fooled again!

OmarGB9 — Sat, 17 Dec 2022 05:40:45 GMT

Congrats, but you should be wary of their advertising/$50 guarantee.

Re: Avant CB Card approved.... fooled again!

Aim_High — Sat, 17 Dec 2022 08:14:22 GMT

Congrats on your approval, @acercode, even though it was disappointing.

So is that how they get you on the $50 guarantee?

An approval but with low limit or unappealing terms?

If you don't need it and didn't expect the $59 AF, there's always the option to close it. On the one hand, you've already taken the inquiry and new account hit. But on the other hand, we often recommend to members that they close AF cards that are a financial drain unless they are a necessary evil for rebuilding. I don't know your other cards or situation, so I won't say which way to go unless I know more.

Re: Avant CB Card approved.... fooled again!

KingRue8500 — Sun, 18 Dec 2022 10:48:19 GMT

Congrats on your Avant Cash Back approval

Re: Avant CB Card approved.... fooled again!

FireMedic1 — Sun, 18 Dec 2022 11:50:30 GMT

Fooled again? You posted hoping to get denied for $50? Little lost here. Read the terms on all cards before applying. Since you already have it. Close it out before next years annual fee hits. By then you should be in better shape for better cards. For now it will help with rebuilding and gaining more history.

Re: Avant CB Card approved.... fooled again!

SUPERSQUID — Sun, 18 Dec 2022 13:19:30 GMT

@FireMedic1 wrote:
Fooled again? You posted hoping to get denied for $50? Little lost here. Read the terms on all cards before applying. Since you already have it. Close it out before next years annual fee hits. By then you should be in better shape for better cards. For now it will help with rebuilding and gaining more history.

Good advise, thats exactly what i did. closed the AF and monthly fee cards at 11 months after i started getting better cards.

Re: Avant CB Card approved.... fooled again!

citymunky — Sun, 18 Dec 2022 14:17:05 GMT

My understanding of the CK guarantee is that they will pay you $50 if you fail to get approved for the product. However, since you were approved, I don't see the problem. On the other hand, I wasn't aware that Avant offered a reward card. In either case, I was able to max out their CL and get rid of their AF in less than a year with good usage habits, although my card doesn't offer rewards.

Re: Avant CB Card approved.... fooled again!

Aim_High — Sun, 18 Dec 2022 17:39:46 GMT

@FireMedic1 wrote: Fooled again? You posted hoping to get denied for $50? Little lost here.
- - - - - - - - - - - - - - - -
@citymunky wrote: My understanding of the CK guarantee is that they will pay you $50 if you fail to get approved for the product. However, since you were approved, I don't see the problem.

I guess the post could be taken two ways @FireMedic1 and @citymunky .

I thought @acercode meant he hoped to get approved (due to the CK guarantee) but was disappointed in the terms with high AF, low rewards, low SL. But I suppose it could also mean he expected to not be approved so that he could collect the $50. Either way, the "fooled again" meant it didn't turn out like he expected.

Something tells me CK rarely if ever pays that $50 guarantee.

Re: Avant CB Card approved.... fooled again!

Jeffster1 — Sun, 18 Dec 2022 17:59:14 GMT

There are much less risky ways to earn 50 bucks. Now you're on the hook for 59. Dump it before the AF hits again at the end of 2023.

Re: Avant CB Card approved.... fooled again!

citymunky — Sun, 18 Dec 2022 21:16:24 GMT

@Aim_High I believe CK only put their guarantee on a produce that the data they collected when compared to your file would have a very high probability of approval (I would like to think that number is 99.9%). My CK guaranteed card is Indigo Reward Card which is targeted to people with a Bad credit rating and is stated to approve some with a FICO score as low as 300. I was to apply for Indigo now or even two years ago, their is no doubt in my mind I would have not been denied.

Re: Avant CB Card approved.... fooled again!

cashorcharge — Sun, 18 Dec 2022 23:20:53 GMT

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Re: Avant CB Card approved.... fooled again!

OmarGB9 — Mon, 19 Dec 2022 01:11:10 GMT

@citymunky wrote:
My understanding of the CK guarantee is that they will pay you $50 if you fail to get approved for the product. However, since you were approved, I don't see the problem. On the other hand, I wasn't aware that Avant offered a reward card. In either case, I was able to max out their CL and get rid of their AF in less than a year with good usage habits, although my card doesn't offer rewards.

IMO, OP expected to not get approved and collect the $50, hence the "fooled again."

Re: Avant CB Card approved.... fooled again!

coreyb80 — Mon, 19 Dec 2022 14:24:10 GMT

Congrats on the approval! A win is a win!!

Re: Avant CB Card approved.... fooled again!

CreditAggie — Wed, 21 Dec 2022 22:33:20 GMT

Congratulations on your Avant approval!

Re: Avant CB Card approved.... fooled again!

acercode — Sat, 22 Jul 2023 17:16:20 GMT

@acercode wrote:
I don't really need it but fell for the CK $50 guarantee once again.

$300 CL
1% CB
$59 AF

I'm being offered 2% CB and $0 AF from Avant on CK. Should I close this account in Nov and grab the better offer? It's not a guaranteed offer from CK though.

Re: Avant CB Card approved.... fooled again!

SouthJamaica — Sat, 22 Jul 2023 17:29:58 GMT

@acercode wrote:
I don't really need it but fell for the CK $50 guarantee once again.

$300 CL
1% CB
$59 AF

I think you should close the account.

Re: Avant CB Card approved.... fooled again!

ChargedUp — Sat, 22 Jul 2023 17:37:17 GMT

@SouthJamaica wrote:
@acercode wrote:
I don't really need it but fell for the CK $50 guarantee once again.

$300 CL
1% CB
$59 AF

I think you should close the account.

+2... $59AF with a CL that wouldn't cover a grocery trip for me is junk. Save the AF for a year and open a secured card if you need a decent rebuilder card. Use it wisely and you'll have the card worth keeping for a the long run, will grow with your use and profile... and your $708 back!

Re: Avant CB Card approved.... fooled again!

acercode — Wed, 26 Jul 2023 17:42:24 GMT

I'll call to ask if they'll waive the AF, if not, I will close it. I'm getting new offers with high CL, 5% CB and $0 AF so no need for this card. It did help me get here so I'm appreciative for that.

Re: Avant CB Card approved.... fooled again!

NoMoreDebt — Sat, 29 Jul 2023 19:51:13 GMT

Congrats on the approval