topic Re: UMB Simply Rewards chances in Credit Card Applications

UMB Simply Rewards chances

Paranoid — Fri, 17 May 2019 05:24:49 GMT

Would like to apply for this card. As far as I know they pull TU (but I do not know if the use TU for MA residents). I would apply through the local bank website (https://www.milfordfederal.com/visa-platinum-credit-card-2/).

I have 0 inquiries in the last 24 mo in TU (but I have 8/3/1 in 24/12/6 mo in EX), 2 recent accounts were opened 8 mo ago, TU Fico 8 score is about 735. The oldest account -- 3 yrs 4 mo, AAoA -- 1 yr 6 mo. I do not have any negative marks in my profile. The utilization is 7 % right now.

Do I have any chances to get this card? Or it is better to zero the utilization to increase my score and try then? Or...?

Thank you!

Re: UMB Simply Rewards chances

issac2x — Fri, 17 May 2019 07:59:06 GMT

I applied at the beginning of the year and my TU was 4/24 with my EX being 6/24. Since your 0/24 with TU and the latest account you opened was 8 months ago I'd say you have a pretty good chance. My TU score was a bit higher than yours at 761 but I don't think it'll make much difference; you could wait a few more months just to be sure.

Also all apps will have a two week review notice but if you're approved right away you'll get the card in a week (mine arrived in 5 days).

Re: UMB Simply Rewards chances

Paranoid — Fri, 17 May 2019 17:12:34 GMT

If I live in MA, I need to apply through the local bank (Milford Federal) only? I see on the UMB website the info: "15,000 bonus points when you make $1,500 in purchases with your card within the first 90 days of account opening". Does it apply only for direct UMB applications?

Re: UMB Simply Rewards chances

Paranoid — Fri, 17 May 2019 21:10:55 GMT

Today I called UMB and the CSR told me that any person from any state in the US can apply for their credit cards. After finding a lot of conflicting information on the internet regarding that I decided to double-check and started to chat with another CSR. She didn't know the answer and asked their manager, so the answer was that I COULD NOT apply for thair credit cards if I was from out of their service area.

Re: UMB Simply Rewards chances

issac2x — Fri, 17 May 2019 21:33:56 GMT

Anybody in the continental US can apply for the UMB card but only those in their banking footprint will be approved for it. Those of us in other states have to go through the affinity route yours being Milford federal OP. And unfortunately the SUB is only available for the main card not the affinities.

Re: UMB Simply Rewards chances

Anonymous — Fri, 17 May 2019 21:46:53 GMT

Still a worthwhile card if you can get approved if you shop at Walmart — the UMB card is the only one I know of that has 3% back at both groceries and discount stores so even if you can’t get the SUB, if you shop at Walmart, it’s worth it over time.

I wouldn’t mind having this one but they would laugh me right out of UW with my 6 TU inquiries and 6/6, 10/12, and 11/24 stats so I’m much more likely to go for the Bank Of The West card next time I see a SUB — that one has the same structure but is just missing the discount stores and I don’t shop at Walmart anyway.

Re: UMB Simply Rewards chances

zerofire — Sun, 19 May 2019 11:07:39 GMT

I have reason to believe that if they use TU then you are a customer that they will want to issue plastic for. As to the sign up bonus that would be something you should ask them after you are done with your application. I have reason to believe that they might not offer anything if you are using an affinity institution to join them but you never know since they can pull something out of a hat or offer it to all.

Re: UMB Simply Rewards chances

Paranoid — Sun, 19 May 2019 18:03:07 GMT

@zerofire wrote:
I have reason to believe that if they use TU then you are a customer that they will want to issue plastic for.

Do you mean that if they decide to decline my application, they will not do a HP? And I can at least try to apply directly with them without fear of wasting the HP?

Re: UMB Simply Rewards chances

zerofire — Sun, 19 May 2019 18:48:22 GMT

There have already been people that tried applying with the UMB affinity code while being in MA and it was an auto fail. I guarantee that you will need to use the Milford Federal affinity code. The application should come with a HP regardless of pass/fail. If you look closely all applications go via UMB anyway. What I said is that based on your statement of what is in the TransUnion report you are likely to get the card if they ask TransUnion(TU). I have historic info that they used to pull TU but who knows what they will pull on your app.

Eyeing UMB Simply Rewards

Anonymous — Mon, 27 May 2019 04:28:45 GMT

as my next cc and was told by a phone rep that anybody can apply thru affinity cards. So ppl in CA rejoice!

Re: Eyeing UMB Simply Rewards

zerofire — Mon, 27 May 2019 10:49:35 GMT

Yea you just need to find your affinity institution. You cannot apply with the application that is directly linked at UMB's site. You need to find the affinity institution, follow their crosslink to UMB, and then fill out the application with their affinity code in the URL. I know CA is a huge place so am not sure how easy it will be to find that one in a boatload.

Re: Eyeing UMB Simply Rewards

Anonymous — Mon, 27 May 2019 10:50:37 GMT

Keep in mind affinity apps don’t qualify for the SUB if that’s important to you.

Re: Eyeing UMB Simply Rewards

issac2x — Wed, 29 May 2019 03:56:15 GMT

Doc has a post about the UMB card and in the comments below there are links to several affinity cards. For California residents it'd be First National Bank of Staunton, even though it's an Illinois based bank.

UMB Simply Rewards cardholders

Anonymous — Fri, 31 May 2019 00:49:53 GMT

can you tell me what was your approved SL

Re: UMB Simply Rewards cardholders

issac2x — Fri, 31 May 2019 01:20:24 GMT

Mine was 2500. Small but UMB supposedly doesn't give out huge SL with a few exceptions.

Re: UMB Simply Rewards cardholders

Paranoid — Wed, 19 Jun 2019 04:09:46 GMT

I was about to apply tonight, but decided to clarify at the last moment -- I have opened 5 credit cards in the past 24 months (but TU has 0 pulls). Since UMB is very conservative do you think this will be a barrier? I prepared myself last month, reduced the utilization to almost zero (it is 1 % right now), my credit scores were updated, I think now my credit rating is above 740. The only thing that stops is 5 credit lines in 2 years. I do not want to waste the HP, but I would gladly have got this card. Thank you!

Re: UMB Simply Rewards cardholders

Anonymous — Wed, 19 Jun 2019 04:19:17 GMT

A HP isn't going to kill you. It's a couple of points at most and a chance to get this card that you've spent so much time on already. I went for it even being geo-restricted because they let me apply. I got denied for not being in their service area or close enough to the branch they do have in the state. If the categories fit your spend then just pull the trigger and either you get approved or denied but, at least you know and can move onto the next target on your short list.

Re: UMB Simply Rewards cardholders

issac2x — Wed, 19 Jun 2019 06:27:25 GMT

@Paranoid I think you have a good shot at it. As I mentioned upthread I was 4/24 at the time and I got approved so you'll probably be fine. Don't be discouraged about a potential wasted HP there is always the recon route and UMB from what I remember does recon.

Re: UMB Simply Rewards cardholders

Paranoid — Wed, 19 Jun 2019 16:04:08 GMT

I have applied and received a message: "Thank you for applying. Your application has been received and you will hear from us shortly. If you have questions, please contact our customer service center at 800.821.5184." Do not know is it a good sign or not..

Re: UMB Simply Rewards cardholders

Anonymous — Wed, 19 Jun 2019 16:05:15 GMT

Oh, yeah, everything is a manual review. Usually takes them a couple of days to get to the app. I forgot about that part of it.