topic Re: Synchrony/American Eagle denial No credit history in Credit Card Applications

Synchrony/American Eagle denial No credit history

Anonymous — Fri, 22 Jan 2016 18:24:42 GMT

I am just staring out with no credit history thought the first step would be a store card heard Synchrony was easy with approvals for those with no credit; but I was denied for no credit history. Do they reconsider and will I be denied for all other Synchrony also denied by Comenity for a store card based on no history. I only want to apply for another credit card if I can be almost certain the store will accept me as my secured card hit me with an inquiry on each report and an overdraft application(Didnt need it anyway) went on my credit report along with the denials from Discover Synchrony and Comenity. so 4 inquirries on both Equifax an transunion. Im expected another one because I applied at a credit union which will hard pull(SInce im assuming another secured card is my only option if I can even get that) I did manage to get one other store card so I have Capsecured and VonMaur(Approved based on submission of sufficient income documents) Thanks so much for your guys' help.

Re: Synchrony/American Eagle denial No credit history

Anonymous — Fri, 22 Jan 2016 19:28:02 GMT

Welcome to the forums. You will need to have a year of positive credit history with your major secured card before many other cards will open their doors; how long have you had the Capital One card? You may be trying to do too much too soon. Build a positive history for a year, keep reasonable utilization, and pay in full each month over that year, and then re-apply, and you will get a different answer.

If you are being denied for store cards, that is a clear message that you need to take the time to build a positive history before applying for anything else. Anything worth having does not happen overnight, and takes patience.

Re: Synchrony/American Eagle denial No credit history

Anonymous — Fri, 22 Jan 2016 19:37:00 GMT

Ive only had the Capital one a month I read somewhere that it helped to have atleast 3 cards reporting on your credit history initally so I am trying to get to 3 only 1 more approval needed so that I can stop applying for a while. I was thinking about Cabelas but do not know there approval odds with people who have no credit history

Re: Synchrony/American Eagle denial No credit history

Anonymous — Fri, 22 Jan 2016 21:19:36 GMT

If you are getting turned down for store cards, you need to stop applying, listen very seriously to the message you are getting from credit grantors and garden what you have. Do not apply for a Visa or Mastercard (i.e., Cabela's) if you have been turned down for a store card, that would not make any sense. Work on the turndown reasons that are printed in the denial letters you receive. You need to build a credit history with secured cards first and stop applying for more!

Re: Synchrony/American Eagle denial No credit history

stellar — Sat, 23 Jan 2016 00:27:44 GMT

If you want to start off with 3 cards now, you will need to get secured credit cards. Go for ones with almost guaranteed approval and low/no fees like Open Sky and SDFCU.

Re: Synchrony/American Eagle denial No credit history

KSK1912 — Mon, 25 Jan 2016 04:02:30 GMT

I can also recommend getting wells fargo or bank of america secured credit cards. The reason suggesting those is that they do graduate to unsecure, so you get your money deposit back and end up with unsecured credit cards without any hard inquiries. These would be a lot better than going with credit cards that have very high annual fees and monthly maintanance fees and such. US Bank even has secured card that gives you cash back if i am not mistaken. These would be your best bet, and even a 6 months of on time payments paired with low utilization will make a big difference in your credit. You don't want to keep applying for cards that you will not be able to get, and keep getting hard inquiries. When the time comes and you will have the credit file to get approved for better cards, then you will have to deal with those inquiries.