topic Re: M&T Bank Visa card in Credit Card Approvals

M&T Bank Visa card

Nocredometer69 — Sun, 09 Mar 2025 13:00:03 GMT

Manufacturers and Traders Bank out of Buffalo NY. They are a regional bank. Received a preappoval offer for the Singature Visa card. Currently 15 billing cycles 0% purchases and balance transfers with no fees. Standard 1.5% rewards on all purchases .Decided to take advantage of the no fee transfer. So these credit card applications are manually underwritten. You will not get an instant approval just a message stating your application has been submitted. It will take a few days to hear back but if approved when you log in to your account the credit card will appear with the credit limit. Was approved $13500 with one bureau pulled, Experian,792 score.

Re: M&T Bank Visa card

firefox100 — Sun, 09 Mar 2025 19:23:56 GMT

@Nocredometer69 wrote:
Manufacturers and Traders Bank out of Buffalo NY. They are a regional bank. Received a preappoval offer for the Singature Visa card. Currently 15 billing cycles 0% purchases and balance transfers with no fees. Standard 1.5% rewards on all purchases .Decided to take advantage of the no fee transfer. So these credit card applications are manually underwritten. You will not get an instant approval just a message stating your application has been submitted. It will take a few days to hear back but if approved when you log in to your account the credit card will appear with the credit limit. Was approved $13500 with one bureau pulled, Experian,792 score.

congratulations on very nice approval, oldfashioned bank real people do real work.

Re: M&T Bank Visa card

Nocredometer69 — Sun, 09 Mar 2025 19:26:26 GMT

I spent years working as consumer loan underwriter. Credit unions still manually underwrite auto, personal and credit card applications. The smaller regional banks and credit unions are still doing business the old fashioned way.

Re: M&T Bank Visa card

firefox100 — Sun, 09 Mar 2025 19:33:51 GMT

How long does it take to underwrite a creditcard application and they call your employer?

Re: M&T Bank Visa card

Nocredometer69 — Sun, 09 Mar 2025 19:38:50 GMT

I would have authority to $15000 before needing to send to a higher level underwriter. I would say 15 minutes. Review of checking account, credit history, history with the credit union , credit score, ability to repay etc. I would then email or call the credit union member with decision . My job was graded on number of monthly closed loans and loan volume. No calls to employer but verify income if warranted based on score or believable income commensurate with job.

Re: M&T Bank Visa card

user979797 — Sun, 09 Mar 2025 22:45:22 GMT

Congratulations on your wonderful sl and approval 😊

Re: M&T Bank Visa card

Anonymous — Sun, 09 Mar 2025 23:16:37 GMT

Congrats, looks like you received a very nice pre-approval offer since the standard offer for the card only;

0% APR on purchases and BTs for 12 months and 4% balance transfer fee

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1.5% everything
No Foreign Transaction Fee

0% introductory APR on balance transfers and purchases for 12 billing cycles from account opening
4% balance transfer fee

Re: M&T Bank Visa card

Nocredometer69 — Mon, 10 Mar 2025 11:01:32 GMT

Yes 15 months and no fees on transfer as the Truth in lending statement is different than the standard one online . I have one card at 6.99% I'm gonna transfer over. Fairly rare to get a transfer with no fees for first 60 days from account open .

Re: M&T Bank Visa card

cashorcharge — Mon, 10 Mar 2025 22:32:50 GMT

Nicely done!! Congratulations on your Approval!!👏🏼🍾

Re: M&T Bank Visa card

CreditAggie — Thu, 13 Mar 2025 21:14:35 GMT

Congratulations on your M&T Bank approval!

Re: M&T Bank Visa card

NoMoreDebt — Sat, 15 Mar 2025 12:39:21 GMT

Congrats

Re: M&T Bank Visa card

Repskifinance — Thu, 09 Apr 2026 16:57:40 GMT

How long did you have a business relarionship with M&T before applying ?

I'm hearing mixed reviews from 4 different bankers at M&T. A Couple have said as long as you have over 680 score, you can apply within 30-60 days and still get solid approvals 20K+, but if under 680 more documentation might be asked for . Then other bankers are recommending 6 months of a relationship before applying..

No problems with scroe being 760+, but account open for a little less than 6 weeks. So was curious to know if yu remmeber how long your relationship was before applying and any insight on the process with them and what was required?

Re: M&T Bank Visa card

zerofire — Tue, 21 Apr 2026 14:00:51 GMT

Congratulations on your new found liquidity!

M&T entered my area via acquisition so I cannot say if they are good or bad. I can say that they are reasonable when your idea of a bank aligns with them.

Lastly while most smaller banks and credit unions will do manual underwriting they also have less applications given to them. Credit unions only get applications from their members. Small banks usually have local area expertise and appropriate coverage. The good institutions will however have auto denial based on a low credit score. I personally will never want to lend to someone with a score under 600.