topic Applying on computer vs mobile device? in Credit Card Applications

Applying on computer vs mobile device?

pinkandgrey — Mon, 26 Mar 2018 21:56:11 GMT

I read something that said credit card apps are more likely to be approved when completed on a computer as opposed to a mobile device. I thought it sounded ridiculous, but is there any credibility to it?

Re: Applying on computer vs mobile device?

Anonymous — Mon, 26 Mar 2018 22:01:43 GMT

I always applied on computer or at the branch however been tempted to apply on mobile... Good question above look forward to responses.

Re: Applying on computer vs mobile device?

Anonymous — Mon, 26 Mar 2018 22:08:08 GMT

Many banking websites aren't extremely mobile friendly, so while I doubt there is much credibility to this claim, I think people may be more prone to making errors when filling out an application on a phone.

Re: Applying on computer vs mobile device?

Gregory1776 — Mon, 26 Mar 2018 22:25:09 GMT

Haha I’d rather do it on my iPad, more real estate, but I’m sure it doesn’t matter. Just a silly rumor. 😋😋😋

Re: Applying on computer vs mobile device?

AverageJoesCredit — Mon, 26 Mar 2018 23:07:05 GMT

Honestly no clue, i figure if you can complete the app satisfactory on either medium, results will be the same if you qualify or dont

Re: Applying on computer vs mobile device?

Gregory1776 — Mon, 26 Mar 2018 23:23:54 GMT

Precisely 👆🏽

Re: Applying on computer vs mobile device?

Gmood1 — Mon, 26 Mar 2018 23:47:22 GMT

Some lenders now have began using your cell phones in order to approve you for credit cards and CLIs. Synchrony bank and Citi does this as well.
I'm trying to remember which one uses your phone location to detect fraud. I believe it's Bank of America.
I just changed phones and while updating my accounts. One of the lenders allowed me to activate this fraud protection. Basically if my card is swiped and they don't detect my phone in the same location. The transaction throws a red flag.

Re: Applying on computer vs mobile device?

Gregory1776 — Mon, 26 Mar 2018 23:49:10 GMT

@Gmood1wrote:
Some lenders now have began using your cell phones in order to approve you for credit cards and CLIs. Synchrony bank and Citi does this as well.
I'm trying to remember which one uses your phone location to detect fraud. I believe it's Bank of America.
I just changed phones and while updating my accounts. One of the lenders allowed me to activate this fraud protection. Basically if my card is swiped and they don't detect my phone in the same location. The transaction throws a red flag.

That’s neat! But their kinda following you....😗😕🤔

Re: Applying on computer vs mobile device?

Gmood1 — Mon, 26 Mar 2018 23:58:35 GMT

Lol..yeah, but they're tracking you anyways as you use their cards. 😂
I expect all lenders to eventually go that route.
Someone may get your card numbers but without your cellphone. They can't get pass the first swipe before the card is null and void.
Let's face it, in today's world we are all tracked by cellphones and cameras all around us.

Re: Applying on computer vs mobile device?

marmaladepie — Tue, 27 Mar 2018 00:08:04 GMT

I applied for Amex hilton on my phone browser and got a SL of 20k, despite burning them in bk 9 years ago. Prob just luck.

Interestingly though, this has to do more w personal loan lending, but my friend works for an investment firm and Sofi pitched them. Apparently Sofi tracks the amount of time a user or potential applicant spends on each page of the application. Particularly the page where you can use the slider to request the amount you’re asking to borrow. They see more risk with an user who quickly slides the marker to a larger amount and just leaves it there vs someone who spends more time “thinking” about and sliding the marker back and forth as to how much to borrow.

Re: Applying on computer vs mobile device?

pinkandgrey — Tue, 27 Mar 2018 00:08:56 GMT

@Anonymouswrote:
Many banking websites aren't extremely mobile friendly, so while I doubt there is much credibility to this claim, I think people may be more prone to making errors when filling out an application on a phone.

That sounds like a logical reason to me. The article didn’t give a reason, and I had to chuckle because it sounds like nonsense other than your reasoning of potential for error.

Re: Applying on computer vs mobile device?

Anonymous — Tue, 27 Mar 2018 00:45:35 GMT

Banks utilize similar architectures used to integrate front end applications or facades to back end systems that perform all the necessary processes to underwrite and price a product. No matter the front end be it Web, Mobile or other they all call the same services reaching the same backend systems. This means the same results. Mobile apps have been lighter weight in the past and this may have meant less entry validation, but that has and is changing across the top lenders. Mobile apps are catching up to and will soon be as robust as Web sites. The trick is usability on a smaller screen and thumb-type entry. Probably more than you wanted to know...