topic Re: AOD Visa Denial in Credit Card Applications

AOD Visa Denial

Clegga — Tue, 19 Apr 2022 21:35:05 GMT

I applied for an AOD visa signature about a month ago after joining NEABA. It's been a long back and forth with lots of waiting, but the reason they gave me was that my employment with my current employer hasn't been long enough. They did offer me a savings account which I accepted. How long have you guys worked for your employers that did get approval for this card?

Re: AOD Visa Denial

Mr_Mojo_Risin — Wed, 20 Apr 2022 00:14:09 GMT

@Clegga wrote:
I applied for an AOD visa signature about a month ago after joining NEABA. It's been a long back and forth with lots of waiting, but the reason they gave me was that my employment with my current employer hasn't been long enough. They did offer me a savings account which I accepted. How long have you guys worked for your employers that did get approval for this card?

When I was approved almost a year ago, I had been with my employer for about 8 years.

Re: AOD Visa Denial

BenTramer1978 — Wed, 20 Apr 2022 10:06:34 GMT

Man I sure hope 4-5 years is good enough when I apply in a few months. I am really not getting my hopes up with this card.

Re: AOD Visa Denial

arifjk — Wed, 20 Apr 2022 12:26:31 GMT

@Clegga wrote:
I applied for an AOD visa signature about a month ago after joining NEABA. It's been a long back and forth with lots of waiting, but the reason they gave me was that my employment with my current employer hasn't been long enough. They did offer me a savings account which I accepted. How long have you guys worked for your employers that did get approval for this card?

I was with my current employers for 2 years when I applied AOD VS Sig.

Re: AOD Visa Denial

collics — Wed, 20 Apr 2022 14:18:01 GMT

Sorry for the Denial OP.

For reference, how long have you been at your current job?

Re: AOD Visa Denial

Aim_High — Wed, 20 Apr 2022 21:58:17 GMT

@Clegga wrote:
I applied for an AOD visa signature about a month ago after joining NEABA. It's been a long back and forth with lots of waiting, but the reason they gave me was that my employment with my current employer hasn't been long enough. They did offer me a savings account which I accepted. How long have you guys worked for your employers that did get approval for this card?

Sorry to hear of the denial, @Clegga. Yes, AOD FCU has been very selective at times in their underwriting. I also wondered how long you've been with your current employer? Did you try to ask them if they could tell you a minimum length they were hoping to see?

When I applied and was accepted two years ago, I had over 21 years with the same employer. Based on reports about their assumptions regarding income sources and amounts and debt repayment (in particular student loan debt), it appears they want to make very conservative calculations about your ability to repay debt. To them, less time on a job = less stability = potential disruption to ability to repay based on that current income. I would take the savings account opportunity, let it age, and reapply in another year or two.

Re: AOD Visa Denial

Clegga — Wed, 20 Apr 2022 23:55:21 GMT

I'm about to graduate college, so I had only just finished onboarding when I applied

Oh well, I'll reapply in a year or two once I've been with my company longer. I did ask about how long they want someone to be with an employer, and I'll update everyone when I get a reply.

Re: AOD Visa Denial

1GaDawg85 — Thu, 21 Apr 2022 19:41:44 GMT

@Clegga wrote:
I'm about to graduate college, so I had only just finished onboarding when I applied
Oh well, I'll reapply in a year or two once I've been with my company longer. I did ask about how long they want someone to be with an employer, and I'll update everyone when I get a reply.

did you have a signed offer letter from your company when you applied with AOD?

Re: AOD Visa Denial

SPChaser — Fri, 22 Apr 2022 11:44:50 GMT

@Clegga wrote:
I applied for an AOD visa signature about a month ago after joining NEABA. It's been a long back and forth with lots of waiting, but the reason they gave me was that my employment with my current employer hasn't been long enough. They did offer me a savings account which I accepted. How long have you guys worked for your employers that did get approval for this card?

Sorry about your denial but even though their UW can be a bit much, don't give up hope on getting accepted. When I applied back in May of last year, I had only been with my current employer, at the time, for 5 months and was approved, so it's very profile dependent with them.

Re: AOD Visa Denial

Clegga — Sun, 24 Apr 2022 18:43:17 GMT

@1GaDawg85 wrote:
@Clegga wrote:
I'm about to graduate college, so I had only just finished onboarding when I applied
Oh well, I'll reapply in a year or two once I've been with my company longer. I did ask about how long they want someone to be with an employer, and I'll update everyone when I get a reply.
did you have a signed offer letter from your company when you applied with AOD?

I did not receive something like this nor was I asked for it by AOD. They simply said I didn't have enough time with my employer and offered the savings account. My rep did not respond to my question about time with an employer, but I have accepted the savings account.

Re: AOD Visa Denial

sznthescore — Fri, 29 Apr 2022 17:29:02 GMT

@Clegga wrote:
@1GaDawg85 wrote:
@Clegga wrote:
I'm about to graduate college, so I had only just finished onboarding when I applied
Oh well, I'll reapply in a year or two once I've been with my company longer. I did ask about how long they want someone to be with an employer, and I'll update everyone when I get a reply.
did you have a signed offer letter from your company when you applied with AOD?
I did not receive something like this nor was I asked for it by AOD. They simply said I didn't have enough time with my employer and offered the savings account. My rep did not respond to my question about time with an employer, but I have accepted the savings account.

What credit bureau do they pull from?

Re: AOD Visa Denial

FinStar — Fri, 29 Apr 2022 18:06:28 GMT

@sznthescore wrote:
@Clegga wrote:
@1GaDawg85 wrote:
@Clegga wrote:
I'm about to graduate college, so I had only just finished onboarding when I applied
Oh well, I'll reapply in a year or two once I've been with my company longer. I did ask about how long they want someone to be with an employer, and I'll update everyone when I get a reply.
did you have a signed offer letter from your company when you applied with AOD?
I did not receive something like this nor was I asked for it by AOD. They simply said I didn't have enough time with my employer and offered the savings account. My rep did not respond to my question about time with an employer, but I have accepted the savings account.
What credit bureau do they pull from?

They pull EQ.

@Clegga(or anyone) - if you are going for the AOD Visa Signature, it looks like it's a done deal. Based on the recent developments discussed on the last few pages of this thread, it appears the 3% c/b Visa Signature is no longer available to new applicants.

https://ficoforums.myfico.com/t5/Credit-Cards/AOD-Visa-rumor-reducing-3-cash-back/m-p/6528271#M1814899