topic Re: Store Card App for One-time Use? in Credit Card Applications

Store Card App for One-time Use?

Anonymous — Fri, 23 Feb 2018 19:13:19 GMT

Has anyone here ever apped for a store card just for a one-time promotional discount on a large purchase?

I understand that no two profiles are alike but would doing so generally hurt an otherwise prime credit file?

Any and all thoughts on this are certainly welcome...

Re: Store Card App for One-time Use?

simplynoir — Fri, 23 Feb 2018 19:18:55 GMT

@Anonymouswrote:
Has anyone here ever apped for a store card just for a one-time promotional discount on a large purchase?

How big a discount are we talking here? Because while I wouldn't normally advocate someone getting a card to just use a promotion, if the amount saved is big I would just see it as a churner getting a card solely for the signup bonus which I can relate to.

Re: Store Card App for One-time Use?

Anonymous — Fri, 23 Feb 2018 19:30:19 GMT

@simplynoirwrote:
@Anonymouswrote:
Has anyone here ever apped for a store card just for a one-time promotional discount on a large purchase?
How big a discount are we talking here? Because while I wouldn't normally advocate someone getting a card to just use a promotion, if the amount saved is big I would just see it as a churner getting a card solely for the signup bonus which I can relate to.

I'm looking at a $500 discount (20% on $2500 spend) available one day only with the Synchrony store card (which I would immediately PIF).

Re: Store Card App for One-time Use?

Anonymous — Fri, 23 Feb 2018 19:36:52 GMT

I would say if you're profile looks good otherwise and doesn't have a ton of inquiries, that would be worth it to me. That's a decent savings.

Re: Store Card App for One-time Use?

simplynoir — Fri, 23 Feb 2018 19:38:52 GMT

@Anonymouswrote:
I would say if you're profile looks good otherwise and doesn't have a ton of inquiries, that would be worth it to me. That's a decent savings.

Agreed.

Re: Store Card App for One-time Use?

Anonymous — Fri, 23 Feb 2018 21:25:42 GMT

@simplynoirwrote:
@Anonymouswrote:
I would say if you're profile looks good otherwise and doesn't have a ton of inquiries, that would be worth it to me. That's a decent savings.
Agreed.

Many thanks!

The funny thing is, I went into the store with my shopping list fully prepared to pay for everything with another card...until the sales clerk gave me the heads-up on this upcoming promotion. I'm sure there are some who will take advantage of this offer only to pay the 29.99% stated on the Synchrony Application.

Re: Store Card App for One-time Use?

AverageJoesCredit — Sat, 24 Feb 2018 00:43:40 GMT

If i was going to get $500 off something that would indeed cost $2500 with no other discounts or specials that would bring it down, sure id do it. Its a Sync card, so despite ridiculous apr, if you are gonna pif , it can grow in the sd lol. $500 you could buy something else you now have $500 to use

Re: Store Card App for One-time Use?

Anonymous — Sat, 24 Feb 2018 07:00:34 GMT

To better inform you it would be best if you told us your profile scores AAoA etc. To see if youd get possible approval. And also what that SL might be .Because sure you may get approved but it may only be a $300 SL knowing Sync. So what card is it you're looking at?

Re: Store Card App for One-time Use?

Anonymous — Sat, 24 Feb 2018 12:35:42 GMT

@Anonymouswrote:
To better inform you it would be best if you told us your profile scores AAoA etc. To see if youd get possible approval. And also what that SL might be .Because sure you may get approved but it may only be a $300 SL knowing Sync. So what card is it you're looking at?

Fair enough, Roy21...thanks for replying.

AAoA is about 3.8 years (five new accounts in the past two months); EQ=758/3; TU=727/5; EX=747/4.

So, that said...would it be better to apply in-store (and hope for an EX HP) or online for a likely TU HP?

Re: Store Card App for One-time Use?

DeeBee78 — Wed, 28 Feb 2018 00:30:34 GMT

@Anonymouswrote:
Has anyone here ever apped for a store card just for a one-time promotional discount on a large purchase?

I understand that no two profiles are alike but would doing so generally hurt an otherwise prime credit file?

Any and all thoughts on this are certainly welcome...

I did this, but not intentionally. I was approved at the register for the Williams Sonoma Visa, and used the temp card that day to save a few hundred dollars on my purchases.

I got the alert from MyFICO telling me Comenity had closed the account before I received the physical card. So I guess it was an app for a one-time purchase

Re: Store Card App for One-time Use?

Anonymous — Wed, 28 Feb 2018 01:58:37 GMT

I've done it several times. I wish any of the discounts were $500!