topic Re: Amazon Visa Rewards Application in Credit Card Applications

Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 18:45:00 GMT

I recently applied for the Amazon Visa Rewards Application and I got a message stating that it's under review and I will get a response in 30 days. Is this a denial? I haven't even received an email yet. It's been a few hours and I was just wondering if this is a denial. I know you financial gurus on here might know. My other credit card is CO Platinum.

Re: Amazon Visa Rewards Application

FinStar — Tue, 12 Jun 2018 19:02:13 GMT

The splash page that displays with the 30-day message is pretty standard.

You can track the status of your application by calling the number listed in the sticky thread provided in the link below:

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:10:03 GMT

Thanks,

But do you know if that message means it's an automated denial?

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:12:21 GMT

You can get a pretty good idea if it's a denial by calling the status line mentioned above and seeing what it says. Give a call and report back. It can absolutely go either way when you get the 30 day message.

Re: Amazon Visa Rewards Application

FinStar — Tue, 12 Jun 2018 19:13:46 GMT

OP, not necessarily. Keep in mind that there are a lot of factors that are considered for an approval.

That being said, how many other revolving tradelines do you currently have? What are your FICO scores? How about AAoA and utilization? Any negatives?

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:17:05 GMT

I have the following:

1 Mortgage

1 Auto

1 CC with Capital One

All in good standing.

No negatives, no BK and no judgements of any king.

I'm going to call and see what they say.

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:19:20 GMT

How long have you had the cap one plat? What is the credit line like?

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:25:27 GMT

The CAP ONE is under a year with $3K low utiliz.

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:28:59 GMT

BTW this thread is awesome!!! Very well done.

I just called the application line and they said it is under review and that I will get a response in the mail in 7 - 10 days. I guess it' a denial. Oh well. :-(

Thank you for all the help.

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:32:15 GMT

My mortage is 14 years in good standing

My auto being under a year in good standing with previous auto loan paid off two years only

My credit card is under a year in good standing

Re: Amazon Visa Rewards Application

FinStar — Tue, 12 Jun 2018 19:32:48 GMT

If the automated status line states either a 30-day or 2-week review message then it's likely heading in the right direction.

However, if it yields a 7-10 day message then it could be a 50/50 outcome. More often than not it may be declined, but in other situations it can be a request for further information or verification.

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:37:34 GMT

A mortgage or an auto loan is a secured debt; if you default the lender can foreclose or repossess the asset and recover their funds. A credit card is an unsecured debt and from your statement you do not appear to have much experience with credit cards. Chase typically prefers at least one year of credit experience before approving applicants for their cards. You'd be better off applying to a lender like American Express or Discover; they seem to approve thin credit files like yours.

@Anonymous wrote:
My mortage is 14 years in good standing
My auto being under a year in good standing with previous auto loan paid off two years only
My credit card is under a year in good standing

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:35:33 GMT

Should I call and ask to speak to someone? See what might be going on?

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:39:19 GMT

You can always call Chase and ask for a reconsideration but I'd advise you not to get your hopes up. Do you have an existing relationship with Chase like savings and/or checking accounts?

@Anonymous wrote:
Should I call and ask to speak to someone? See what might be going on?

Re: Amazon Visa Rewards Application

FinStar — Tue, 12 Jun 2018 19:39:41 GMT

How long ago did you apply?

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:44:13 GMT

I have had a checking account with Chase for about three years now. I trust your judgement. Thank you!!

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:46:14 GMT

About 4 hours ago. The message I got online said 30 days. Then the automated app line said 7 - 10 business days. :-(

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 19:54:59 GMT

You haven't been declined (yet) so I'd advise you to use a bit of patience. The 7-10 day notice can also mean that Chase is sending you a letter requesting you verify your identity; that's not unreasonable given that you don't appear to have much a history with credit cards.

@Anonymous wrote:
About 4 hours ago. The message I got online said 30 days. Then the automated app line said 7 - 10 business days. :-(

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 20:15:02 GMT

Thank you for the info. Helps me feel better. I'll keep everyone posted on outcome.

Re: Amazon Visa Rewards Application

Anonymous — Tue, 12 Jun 2018 20:34:12 GMT

I should caution you that the odds are NOT in your favor. Your previous comment indicated that your other credit card is a Capital One Platinum with a $3,000 credit limit. The card you applied for is the Amazon Rewards Visa Signature - a Visa Signature card typically comes with a minimum credit limit of $5,000 although Chase is known to approve the Amazon Rewards Visa Signature cards for less than the usual $5,000 credit limit.

But Chase also looks for prior experience handling large credit limits (i.e. $5,000 and above) and at least one year of experience overall with unsecured debts (credit cards). Those two factors will weigh very heavily against you. You might have been better off applying for the Amazon Store Card from Synchrony: https://www.amazon.com/Synchrony-Bank-Amazon-com-Store-Card/dp/B008A0GNA8

@Anonymous wrote:
Thank you for the info. Helps me feel better. I'll keep everyone posted on outcome.