topic FNBO Amex Decline in Credit Card Applications

FNBO Amex Decline

Anonymous — Tue, 27 Oct 2015 19:11:53 GMT

This past weekend I got the "By Invitation Only" envelope in the mail from FNBO for their Amex. I wouldn't even have considered applying for this one on my own, but a quick google search and it looked like these are fairly solid approvals from a highly liked bank. I logged in today to check application status, and it's been declined. I'm annoyed for the EX hard pull, but honestly, this decline hasn't bummed me out the way it would have a few months ago. I have some decent accounts now (including a Centurion backed Amex), and I know I'm on the right path to even better cards in a few months.

As always, I'm thankful for these boards because a) I wouldn't have any of the cards I have now; and b) I know that good, qualified people get declined all the time, and it's not the end of the world.

Re: FNBO Amex Decline

FinStar — Tue, 27 Oct 2015 20:11:04 GMT

FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.

Re: FNBO Amex Decline

Anonymous — Tue, 27 Oct 2015 20:14:34 GMT

@Anonymous wrote:
This past weekend I got the "By Invitation Only" envelope in the mail from FNBO for their Amex. I wouldn't even have considered applying for this one on my own, but a quick google search and it looked like these are fairly solid approvals from a highly liked bank. I logged in today to check application status, and it's been declined. I'm annoyed for the EX hard pull, but honestly, this decline hasn't bummed me out the way it would have a few months ago. I have some decent accounts now (including a Centurion backed Amex), and I know I'm on the right path to even better cards in a few months.

As always, I'm thankful for these boards because a) I wouldn't have any of the cards I have now; and b) I know that good, qualified people get declined all the time, and it's not the end of the world.

You are absolutely right!

Re: FNBO Amex Decline

Anonymous — Tue, 27 Oct 2015 20:17:10 GMT

@FinStar wrote:
FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.

Thanks. I know all of that. I knew it was going to be a HP, I'm just annoyed that I wasted one. I'm waiting for the letter to see what their reasons are, although very little has changed in my profile recently, other than a few SP CLIs.

Re: FNBO Amex Decline

ddemari — Tue, 27 Oct 2015 21:50:50 GMT

with nothing changing in your profile than ya Id be really annoyed too! I have no experience with them, but with these type of offers as solid as they might seem, glitches happen or they decline u for whatever reasons.

maybe they are recon friendly people?

Re: FNBO Amex Decline

12njoy — Wed, 28 Oct 2015 00:49:01 GMT

@Anonymous wrote:
This past weekend I got the "By Invitation Only" envelope in the mail from FNBO for their Amex. I wouldn't even have considered applying for this one on my own, but a quick google search and it looked like these are fairly solid approvals from a highly liked bank. I logged in today to check application status, and it's been declined. I'm annoyed for the EX hard pull, but honestly, this decline hasn't bummed me out the way it would have a few months ago. I have some decent accounts now (including a Centurion backed Amex), and I know I'm on the right path to even better cards in a few months.

As always, I'm thankful for these boards because a) I wouldn't have any of the cards I have now; and b) I know that good, qualified people get declined all the time, and it's not the end of the world.

Sorry to hear op

Re: FNBO Amex Decline

sjt — Wed, 28 Oct 2015 01:08:15 GMT

What were the resons for the decline?

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 05:19:33 GMT

@sjt wrote:
What were the resons for the decline?

I don't know yet. The status just says declined. I'll post more once I receive the letter.

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 10:54:25 GMT

@FinStar wrote:
FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.

It's not "pre-approved", it's invitation. I am certain on this because I received this mailer last week.

Re: FNBO Amex Decline

12njoy — Wed, 28 Oct 2015 13:46:21 GMT

@Anonymous wrote:
@FinStar wrote:
FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.
It's not "pre-approved", it's invitation. I am certain on this because I received this mailer last week.

If that's the case, that means you met some preliminary criteria that the creditor got from the CRA. Only basis for this preliminary criteria is to say you fit within a certain criteria. Whether that be based on credit score, geography, etc... invitations doesn't get you closer to approval than anyone else IMO

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 14:43:01 GMT

@12njoy wrote:
@Anonymous wrote:
@FinStar wrote:
FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.
It's not "pre-approved", it's invitation. I am certain on this because I received this mailer last week.
If that's the case, that means you met some preliminary criteria that the creditor got from the CRA. Only basis for this preliminary criteria is to say you fit within a certain criteria. Whether that be based on credit score, geography, etc... invitations doesn't get you closer to approval than anyone else IMO

Exactly. I meant this to clarify the OP and the mailer clearly states invitation, and thus gives you an invitation #.

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 16:41:08 GMT

Mine actually had the words "You're pre-approved" in the letter, though.

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 16:44:48 GMT

And I think everyone is missing the point of my post, which was "Thanks to these forums and the wealth of information I've learned here, I kind of don't care about the denial."

Re: FNBO Amex Decline

12njoy — Wed, 28 Oct 2015 17:09:40 GMT

@Anonymous wrote:
And I think everyone is missing the point of my post, which was "Thanks to these forums and the wealth of information I've learned here, I kind of don't care about the denial."

Sorry OP no disrespect intended to you. In your initial post you only referenced by invitation only which is why we stated what we stated. We were doing that only because it appeared that you stated you were invited to apply and then denied, thus our comments about the difference between preapproval vs invitation to apply. I meant you no ill will, just was providing information based on the information that I was provided

Re: FNBO Amex Decline

Anonymous — Wed, 28 Oct 2015 23:17:46 GMT

@Anonymous wrote:
@12njoy wrote:
@Anonymous wrote:
@FinStar wrote:
FNBO pre-approval offers can be solid provided not much changed in your overall profile from the time they pre-screened your information. That's why some folks refer to them as bungee pre-approvals.

That's just the nature of the credit beast. So there must have been something drastic that changed that made them no longer interested. Also, the fine print on the pre-approval lists those conditions. Plus, regardless if approved or not, it was still going to be HP for their review.

You may need to review the declined letter to see what reasons they cited for not getting approved.
It's not "pre-approved", it's invitation. I am certain on this because I received this mailer last week.
If that's the case, that means you met some preliminary criteria that the creditor got from the CRA. Only basis for this preliminary criteria is to say you fit within a certain criteria. Whether that be based on credit score, geography, etc... invitations doesn't get you closer to approval than anyone else IMO
Exactly. I meant this to clarify the OP and the mailer clearly states invitation, and thus gives you an invitation #.

Their letters may vary - mine says pre-approved and doesn't even "invite me to apply" it states to go to their website to "accept my card".

as far as the recent changes, i received one this spring - i had just opened about 5-6 new accounts the past few weeks and was worried, as i had no idea when they did their SP, so i didn't apply. after gardening a few months, i think 3, i received another offer. since i KNEW nothing had changed, and was declined within hours. reason on the letter was my charged off student loan from 4-5 years ago. they really ticked me off, but to their credit, they didn't bother sending me any more offers. i HATE when i get a preapproval 2 weeks after i'm declined for a card. nice enough of them to not pour salt in the wound.

anyways, everyone else says their pre-approvals are pretty solid, and i don't think 1 or 2 declines changes that much. just wanted to note that solid doesn't equal guarantee. stating the obvious, i know.