topic Re: Fidelity AMEX in Credit Card Applications

Fidelity AMEX

Anonymous — Sat, 28 Feb 2015 07:26:58 GMT

Uh oh.

Applied as a baddie just dropped off of EX, and got this:

We’re sorry but we’re unable to give you a decision at this time

Basically, said that the app is under review.

What do you guys think?

Re: Fidelity AMEX

Anonymous — Sat, 28 Feb 2015 08:25:52 GMT

That's the card I have always wanted......I hear it one of the hardest card to acquire...curious to read opinions on this one

Re: Fidelity AMEX

wacdenney — Sat, 28 Feb 2015 14:04:54 GMT

Review does not equal denial on this one. My application went to review before it was approved.

Re: Fidelity AMEX

Creditaddict — Sat, 28 Feb 2015 15:57:44 GMT

you should call the BofA backdoor, I think almost all apps for fidelity go to review.

Re: Fidelity AMEX

Anonymous — Sat, 28 Feb 2015 18:22:02 GMT

@wacdenney wrote:
Review does not equal denial on this one. My application went to review before it was approved.

@Agree with @wacdenney.. They probably just need to manually review it. But ring them as CreditAddict suggested.

Re: Fidelity AMEX

Christina_xyt — Sun, 01 Mar 2015 02:36:44 GMT

It doesn't always go to review. I got instant approve but only 2500$
But it is true that review doesn't mean denial. My friends app went to review and was approved 3000 a week and a half later.. She just received the card I think without any approval notice

Re: Fidelity AMEX

Anonymous — Sun, 01 Mar 2015 02:44:04 GMT

@Anonymous wrote:
That's the card I have always wanted......I hear it one of the hardest card to acquire...curious to read opinions on this one

Curious why it would be hard as well...

Would having a cash mgmt acct and 401k at Fidelity make for a better position? Or do they not see it at all... just BofA's UW?

Re: Fidelity AMEX

DaveInAZ — Sun, 01 Mar 2015 15:14:08 GMT

@Anonymous wrote:
@Anonymous wrote:
That's the card I have always wanted......I hear it one of the hardest card to acquire...curious to read opinions on this one
Curious why it would be hard as well...

Would having a cash mgmt acct and 401k at Fidelity make for a better position? Or do they not see it at all... just BofA's UW?

Yeah, I've read other posters here say it's the easiest Amex to get, because it's issued by FIA/BoA, not Amex.

You pretty much have to have a Cash Management Account because to get the 2% cash back it has to be deposited into a CMA. I recently transferred $3500 into an IRA with them but will wait to app for the Amex - I'm prequalifying for a new mortgage, and once my current house sells I'll be transferring a bunch more $$$ to them - I've looked at the app page and you include your CMA # in the app, so I would think the more $$$ you have in the account, the better your odds for approval.

Re: Fidelity AMEX

Anonymous — Sun, 01 Mar 2015 15:35:21 GMT

@DaveInAZ wrote:
Yeah, I've read other posters here say it's the easiest Amex to get, because it's issued by FIA/BoA, not Amex.

You pretty much have to have a Cash Management Account because to get the 2% cash back it has to be deposited into a CMA. I recently transferred $3500 into an IRA with them but will wait to app for the Amex - I'm prequalifying for a new mortgage, and once my current house sells I'll be transferring a bunch more $$$ to them - I've looked at the app page and you include your CMA # in the app, so I would think the more $$$ you have in the account, the better your odds for approval.

Good luck with the house!

I just opened a CMA a few weeks ago; gotta start diversifying my investments.

If I was to get this Fidelity card... I'll probably be opting for the black one. One recurring info I've been reading about is the payment options for the card. They talk about how FIA is a pain to make payment towards. InvestorJunkie has an article on the Visa counterpart from 9/2014 and the comments are abit disturbing regarding the FIA site for payments.

I'll probably still be pursuing this card in the near future and form my own opinions

Re: Fidelity AMEX

wacdenney — Sun, 01 Mar 2015 18:41:12 GMT

@Anonymous wrote:
@DaveInAZ wrote:
Yeah, I've read other posters here say it's the easiest Amex to get, because it's issued by FIA/BoA, not Amex.

You pretty much have to have a Cash Management Account because to get the 2% cash back it has to be deposited into a CMA. I recently transferred $3500 into an IRA with them but will wait to app for the Amex - I'm prequalifying for a new mortgage, and once my current house sells I'll be transferring a bunch more $$$ to them - I've looked at the app page and you include your CMA # in the app, so I would think the more $$$ you have in the account, the better your odds for approval.
Good luck with the house!

I just opened a CMA a few weeks ago; gotta start diversifying my investments.

If I was to get this Fidelity card... I'll probably be opting for the black one. One recurring info I've been reading about is the payment options for the card. They talk about how FIA is a pain to make payment towards. InvestorJunkie has an article on the Visa counterpart from 9/2014 and the comments are abit disturbing regarding the FIA site for payments.

I'll probably still be pursuing this card in the near future and form my own opinions

The FIA site is basically the same shell used by BofA with less options. Yes comparitively speaking it is minimal to say the least but it's not difficult to make payments. One thing credit card companies will always tend to make easy for you is sending them money.

Re: Fidelity AMEX

Anonymous — Sun, 01 Mar 2015 18:44:44 GMT

@wacdenney - thanks for the input! I have zero first-hand experience so I only have reviews to go by. This gives me abit of relief as I am familiar with BofA online banking.

Re: Fidelity AMEX

grinlikechelsea — Sun, 01 Mar 2015 19:35:28 GMT

Also the FIA site is infinitely better than it used to be!

Re: Fidelity AMEX

EaglesFan2006 — Tue, 19 May 2015 19:41:18 GMT

One of my two dream cards as well...who does FIA pull for the Amex (or Visa)?

Re: Fidelity AMEX

Creditaddict — Tue, 19 May 2015 19:43:36 GMT

Re: Fidelity AMEX

Anonymous — Tue, 19 May 2015 19:49:32 GMT

This is also one of my dream cards. Wanted this to be my second Amex card. Been banking a long time with BofA. Hopefully things will go smoothly.

Re: Fidelity AMEX

EaglesFan2006 — Tue, 19 May 2015 19:51:47 GMT

I'm probably going to wait a bit. I'd like to get my util down a bit more. My scores are in the mid-600s too, and I don't want to get this card with a shoddy limit, so odds are I'll wait. But I love my CM account (the only bank I use now) and my 401k is there. I got a letter from them to apply a few weeks ago hence the temptation. In a perfect world I'd get approved and transfer my balances over and that would be perfect, but that's probably a long shot.