topic Re: Mid app spree, 1 approval, 2 pending and 1denial in Credit Card Applications

Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Wed, 08 May 2019 14:43:19 GMT

No new cards in 3 years. All mid 7xx Fico 8 scores. Oldest 11 years Average age 4 years. Personal loan and auto loan summer 18.
Yesterday the 6th,
Pre approved Disco 1st, approved and deets in approval section. EQ and EX pull
2. Pre approved CSP, 24 hours later 30 day notice, EX and TU pull.
3. Cold app, Barclay Arrival Plus, 24 hours later in review still and 10 day notice.
4. Joined Penfed and cold app cashplus card. DENIED. “Number of accounts, uti of accounts, and derrogotary or negative remarks” I plan to recon and would appreciate help in this process. On this EQ pull only, I have ZERO negative remarks of any sort(on any bureau), 11% total uti, and no new accounts except an auto and personal last summer. $165k income. I’m in shock.

Re: Mid app spree, 1 approval, 2 pending and 1denial

pinkandgrey — Wed, 08 May 2019 16:40:23 GMT

Sorry about the Penfed denial. Weird to say the least. Congrats on the Disco! And good luck on those pending apps

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Wed, 08 May 2019 17:10:08 GMT

Congrats on discover! Fingers crossed for CSP!

Re: Mid app spree, 1 approval, 2 pending and 1denial

hawkins — Wed, 08 May 2019 17:17:31 GMT

Yea PenFed has definitely changed. If you would of apped this time last year I would say you would most definitely of been approved. This year I see they hav been very conservative in lending to the point I think I have read more denials this year then approvals. Definitely call and try to recon but I was told by a rep a couple months ago they were in the process of changing policies on that as well. Who knows. Best of luck.

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Wed, 08 May 2019 17:22:05 GMT

I called for recon, and the csr told me that i can not speak to a loan officer without a written and signed letter, via fax or email, asking for them to contact me for recon. Which i have just done, begrudgingly.

Re: Mid app spree, 1 approval, 2 pending and 1denial

seattlecredit08 — Thu, 09 May 2019 01:24:01 GMT

Interesting on PenFed. That is definitely a shocker. Would definitely be interesting to see if they provide more info.

On Barclays, it seems that they often delay due to the requirement of an additional security check. Multiple people have reported recently having to send in their ID and address documents for final approval (I had to recently do this for their Uber card).

Thanks!

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 01:46:13 GMT

Do I/should I follow up with Barclays? Or just wait?

Re: Mid app spree, 1 approval, 2 pending and 1denial

coldfusion — Thu, 09 May 2019 01:56:51 GMT

Wait on the CSP, 30 days means that they haven't fully reviewed the application yet. Call the automated recall line daily to check status.

If it changes to 14 days you'll almost certainly be approved.

If it changes to 7-10 days call the recon line and speak to a CSR. It could be a rejection, but it could also mean that they just need additional verification.

Re: Mid app spree, 1 approval, 2 pending and 1denial

clevo4040 — Thu, 09 May 2019 02:04:06 GMT

Congrats! Newbee question what does CSP stand for???

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 02:07:43 GMT

Chase sapphire preferred.

Coldfusion, seems u know the process with the csp. Are “pre-approved” apps usually solid with them?

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 12:33:52 GMT

Barclay denied as of this morning per status website. Unknown yet why. Is Barclays worth calling recon? Any success there ever?

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 14:33:38 GMT

Just got off phone with security, they want physical front and back copies of drivers license, social security card, and a utility bill. Wow. Archaic process.

Re: Mid app spree, 1 approval, 2 pending and 1denial

hawkins — Thu, 09 May 2019 14:41:46 GMT

This is only my opinion but you are better off without having any Barclays cards. The arrival plus as well as the uber card are both great cards but Barclays is a very finicky lender to say the least. They will CLD, cancel, etc... to you and not even give you a reason half the time. Just my 2 cents. But you have the CSP which is a fantastic card so no real loss.

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 14:47:03 GMT

The csp is still pending. And I understand your point, I want at least one of the two for the Traveling SUB however. Really hoping csp doesn’t get denied above the barclay card. But yea, I really want one of the two for a large upcoming purchase. And a vacation in the works this winter.

Re: Mid app spree, 1 approval, 2 pending and 1denial

Anonymous — Thu, 09 May 2019 16:33:18 GMT

CSP apprroovveeddd.

Called automated line this morning, its been 48hours btw. 30 day message. Said screw it and called recon line because im an **bleep**. Guys says, "im gonna send you a text code and some security questions" in a generic manner. Then says give me a minute while i submit for approval(my heart pounding haha). Comes back on phone, congrats youve been approved for $23,400, you'll see it in a week or two. 5 minutes later it shows up in my chase app, which i needed to verify thinking no way he said $23,400 lol.

Re: Mid app spree, 1 approval, 2 pending and 1denial

coldfusion — Thu, 09 May 2019 17:36:06 GMT

BTW Barclay is almost always worth a recon if for no other reason than the UW are prone to giving real feedback on why the denial and what to target to improve odds for next time.

As has been alluded they keep a close eye on overall credit status and can be jumpy in response to an adverse shift in your credit profile.