topic PNC Cold Application in Credit Card Applications

PNC Cold Application

Anonymous — Thu, 30 Apr 2020 03:12:27 GMT

I know that they use FICO9 EXP but i'm not sure if I am over any of their internal rules.

Based on FICO8: 784, $96/$51,050 reporting, 721 scorecard 2, 720 scorecard 3 and 819 bankcard 8.

Last EXP inquiry was 12/24/2019.

New accounts: 17/24, 17/12, 6/6, 0/3

Average age of accounts: 1yr 1mos

Re: PNC Cold Application

Guyatthebeach — Thu, 30 Apr 2020 03:31:54 GMT

AddictedtoApprovals,

To be honest, I'm not sure. The scores look right for an approval, but it's going to be questionable with new accounts.

PNC is a very conservative lender, but they have also been good to me. I would try the website to see if the preapproval tool works for you.

Otherwise, I would wait 6 months then try, that's just my opinion.

Guyatthebeach

Re: PNC Cold Application

Anonymous — Thu, 30 Apr 2020 03:40:51 GMT

@Guyatthebeach wrote:
AddictedtoApprovals,

To be honest, I'm not sure. The scores look right for an approval, but it's going to be questionable with new accounts.

PNC is a very conservative lender, but they have also been good to me. I would try the website to see if the preapproval tool works for you.

Otherwise, I would wait 6 months then try, that's just my opinion.

Guyatthebeach

I had no idea PNC had a pre-approval tool, thanks for that note.

Re: PNC Cold Application

blindambition — Thu, 30 Apr 2020 03:48:05 GMT

I thought you got the AOD Signature, so that would be within 3 months. As stated, PNC is very conservative. Especially on first card. They don't like a lot of new accounts.

Re: PNC Cold Application

Anonymous — Thu, 30 Apr 2020 03:50:10 GMT

@blindambition wrote:
I thought you got the AOD Signature, so that would be within 3 months. As stated, PNC is very conservative. Especially on first card. They don't like a lot of new accounts.

Ah yes, I did get approved for that. It's not in my mind since i've not received my card yet, or seen it on my reports.

Re: PNC Cold Application

Anonymous — Thu, 30 Apr 2020 12:57:33 GMT

FWIW, I cold app'd for the PNC Cash Rewards card with a EX score of 751 in December 2019 and they instantly approved me with a SL of $15K and

I only had a checking account with them for 4 months (plus only 2 DDs of $55). Also, I had opened 6 new cards before then going back to April 2019.

However, my AAoA was around 4 years. If anything, this may be a problem for you.

Re: PNC Cold Application

SFLSpotter9210 — Thu, 30 Apr 2020 15:32:24 GMT

I just appd and was approved for their core account. My signature is accurate and up to date. I have many new accounts and 6 inquiries at the time of app. My aaoa is 2 yrs 5 months. Good luck with whatever you decide.

Re: PNC Cold Application

Meanmchine — Thu, 30 Apr 2020 23:43:33 GMT

What about Baxter CU ? Didnt you recently open this one too?

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Baxter-Credit-Union-BCU-20-000-Instant-Approval-Experian/td-p/5990947

Re: PNC Cold Application

coldfusion — Fri, 01 May 2020 02:09:57 GMT

@Anonymous wrote:
I know that they use FICO9 EXP but i'm not sure if I am over any of their internal rules.

Based on FICO8: 784, $96/$51,050 reporting, 721 scorecard 2, 720 scorecard 3 and 819 bankcard 8.

Last EXP inquiry was 12/24/2019.

New accounts: 17/24, 17/12, 6/6, 0/3

Average age of accounts: 1yr 1mos

Your scores are fine but the number of new accounts over the last 6/12 months combined with no existing relationship with them would give them pause.