topic Re: Curious about Wayfair store card, Comenity etc in Credit Cards

Curious about Wayfair store card, Comenity etc

Anonymous — Fri, 28 Dec 2018 22:15:25 GMT

Since my credit sucks and I have a too-recent baddie (90-day late) I am not wasting any hard pulls right now. I'll be getting a Discover secured in a bit.

But I get an itchy finger and so on a whim filled out a pre-approval thingie for a Wayfair store card, out of curiosity. And got pre-approved!

My first thought was:

And I don't. But, they (I think) checked Equifax, and Equifax is my best score right now... so...could they, would they have approved me?

But the thing is, I don't really need a Wayfair credit card right now. I'm not going to get one, just because I (in theory) maybe would be approved.

I could use a different Comenity store card, though. (Big Lots has some appeal.)

So, what sayeth the rest of you? I'm staying in the garden for a while yet, but maybe in the next few months...? Maybe? Is there any hope of this, or is Comenity/Wayfair's preapproval feature just a big old tease and they wouldn't have followed through?

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 00:55:21 GMT

At this point, especially with a 90 day derog, any positive tradeline is better than no tradeline (unless it's a predatory card). A positive tradeline with a hard inquiry would help even better.

You may be a good candidate to try for a "shopping cart trick" card. Search on these forums for SCT to learn more. Pick one you will use and try for it, may take a while. Just don't go hog wild and fill your sock drawer with cards you'll never use.

I had the Wayfair card and never regretted getting it but requested closure a few days ago as wife also has one and mine hasn't been used in 16 months.

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 01:43:21 GMT

Thanks for your advice! I tried to get the shopping cart trick to work in Overstock, but it doesn't appear to be going for it. I'll contemplate where I'd like to get a store card with Comenity.

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 01:50:25 GMT

I've read on these forums somewhere that certain cards tend to pop more with certain browsers. I'm thinking someone on here said using Firefox increases the chance of an Overstock pop up. Would explain why I've never gotten it using Chrome.

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 02:10:31 GMT

Ah, yes! I use Chrome too. That might explain it. Thanks for the tip!

Re: Curious about Wayfair store card, Comenity etc

forestgreenrover — Sat, 29 Dec 2018 04:15:52 GMT

SCT cards are no longer SP's, per FireMedic's excellent thread. The CLI's on them typically are still SP though, which is nice.

I have a soft spot for Green Dot btw. My credit rebuild began two years ago with that card (was First Choice Primor back then).

Anyway, I have the Wayfair store card, opened it in March at 1.5k (got it as a SCT SP), and it is now up to 7.5k. Put new living room furniture (just bought our first home 11/17) on the card, took advantage of the special financing. So you can get yourself something nice, or use the account for UTI padding, or both.

Good luck!

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 05:15:52 GMT

Well, I was a fool and applied to Overstock. (No Shopping Cart Trick, as that seems pointless now?) I got the dreaded 7-10 day message. I guess some people get approved after that...but...I don't believe I will!

At least the HP was on Experian, which has only one other HP, so I guess it's not the end of the world...

Forestgreenrover, yes, I like my Green Dot too! It's been very useful.

Re: Curious about Wayfair store card, Comenity etc

joltdude — Sat, 29 Dec 2018 15:54:24 GMT

Just like the Cake is a Lie...

The Shopping Card Trick is a Lie...

Its no longer an SP, Its a HP....

-J

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 16:44:23 GMT

If you are going with Comenity, might as well try for a co-branded card. The easiest one to get is Sportsmans Guide Visa. Be sure and load the "Buyers Guide" subscription while paying. That's what triggers the popup. Do not back out and refuse to buy what you placed in your cart once you get approved. That's grounds for getting the card cancelled before you get it.

Rule #1. Do not apply for cards just to have a card. Try to stay away from store cards without being co-branded with a major financier.

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Sat, 29 Dec 2018 20:31:10 GMT

Thanks everyone.

At least I wasted a hard pull on a card I wanted! I was thinking, "It would be cool if I got this card because this store has stuff I could actually use and at decent prices." But I don't think it was meant to be.

I knew it was a long shot...knew it. Oh well!

I hope I've learned my lesson this time. No more inquiries until I apply for a secured card (most likely Discover for starters). I have a real shot at Discover and moreso in probably 3 months, when things have aged a little more.

Re: Curious about Wayfair store card, Comenity etc

Anonymous — Fri, 04 Jan 2019 19:05:42 GMT

UNBELIEVABLE!!!! I got a letter from Comenity, asking for more info. I gave it and was approved for $250 limit! I know, a baby limit but I DON'T CARE!! I was approved! And it's actually for a card I want and can use!

Wow, I never would have believed it.

I must now start a celebratory approval thread in the appropriate forum!

Re: Curious about Wayfair store card, Comenity etc

K-in-Boston — Fri, 04 Jan 2019 19:18:34 GMT

Thread locked to new replies. Approval thread located here:

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Overstock-approval-for-250-Clearly-they-have-no-standards-But/td-p/5456830