topic Re: Need opinions - NASA credit card in Credit Cards

Need opinions - NASA credit card

Metalcards — Tue, 10 Aug 2021 23:52:39 GMT

I've stated elsewhere that I prequalified for nasa card about 2 months ago for $12K. When I finalized my app I was quickly denied for too many inq.

I did the prequalify again yesterday and was prequalified for $30K @Anonymous.9%. I received an email asking me to finish app so I can enjoy my new card.

Should I app or wait for some inq to fall off? I don't want a hard pull for nothing.

ex-754 uti-4%

Re: Need opinions - NASA credit card

Shooting-For-800 — Wed, 11 Aug 2021 00:03:56 GMT

I would go for it for $30k.

GL!

Re: Need opinions - NASA credit card

credit_is_crack — Wed, 11 Aug 2021 00:23:24 GMT

Other than the offer is higher, it's hard to say what might happen without more info. Are your inquiries less now than the first time? I ask specifically since you said that was your main rejection reason the first time

the higher amount is definetly a good sign but to be sure I'd do a comparison.

inquiries now vs then

New accounts now vs then

utilization now vs then

Re: Need opinions - NASA credit card

Metalcards — Wed, 11 Aug 2021 00:30:24 GMT

Everything pretty much the same. It was only 2 months ago. Uti between 4-5%. Inq with ex at 11 ( I know). It feels like they're teasing me. I feel like Charlie Brown about to kick the football and Lucy pulls it away!

Re: Need opinions - NASA credit card

Metalcards — Wed, 11 Aug 2021 00:32:16 GMT

Re: Need opinions - NASA credit card

credit_is_crack — Wed, 11 Aug 2021 00:59:22 GMT

Of the 11, when you applied how many were in the prior 6 months, and is that the same now?

Re: Need opinions - NASA credit card

Metalcards — Wed, 11 Aug 2021 01:13:58 GMT

I just checked. I applied May 21 to NASA. I had 4 inq from April,2021 and 2 from October 2020 and 1 from from may 2020. The other 3 are from 2019.

Re: Need opinions - NASA credit card

credit_is_crack — Wed, 11 Aug 2021 02:02:50 GMT

I would hold off until October or November for them to at least get to 6 months. Those 4 in April are very likely what stopped you last time. Of course you're the owner of your decision but I don't see what would make them say yes today based on what you shared. I could also just be plain wrong

Re: Need opinions - NASA credit card

Metalcards — Wed, 11 Aug 2021 02:32:47 GMT

Arrrrgg. I was just about to pull the trigger! I have an itch that I can't scratch!
What you said makes sense. Another 2 months won't hurt, can only help raise scores. Thanks credit_is_crack for the advise.

Re: Need opinions - NASA credit card

Taurus22 — Wed, 11 Aug 2021 02:59:42 GMT

That's good advice. If they denied you for INQ's 2 months ago, they likely will again given there's been no changes in that regard. I'd play it safe, otherwise you end up with yet another HP that digs your hole deeper.

Re: Need opinions - NASA credit card

Metalcards — Wed, 11 Aug 2021 23:03:10 GMT

They keep teasing me!

Re: Need opinions - NASA credit card

risingup2day — Thu, 12 Aug 2021 07:32:39 GMT

YOLO!!!

Do it! 😂🤣

J/K.... no, not really.

Minor disclosure - I cannot be held liable for the statements made within this forum. This is a public forum to share experiences and knowledge. Your result will most definitely vary.

Re: Need opinions - NASA credit card

Metalcards — Mon, 20 Sep 2021 23:05:59 GMT

Update.

I pulled the trigger on the 30K prequalify and finished app. Instantly denied. I did another prequalify and was prequalified for $15K for platinum rewards. I applied for that and was instantly denied. All were soft pulls.

I'm done with NASA unless I get a mailer (or until December 😳).

Re: Need opinions - NASA credit card

FinStar — Mon, 20 Sep 2021 23:17:58 GMT

@Metalcards wrote:
Update.

I pulled the trigger on the 30K prequalify and finished app. Instantly denied. I did another prequalify and was prequalified for $15K for platinum rewards. I applied for that and was instantly denied. All were soft pulls.

I'm done with NASA unless I get a mailer (or until December 😳).

Sorry to hear about both denials. At least both attempts were SP!

Have you found out why your applications were denied yet?

Re: Need opinions - NASA credit card

Metalcards — Tue, 21 Sep 2021 01:02:14 GMT

Same thing. Too many inquiries in the last 12 months ( I've have 5). uti is 5%. No lates, no derog. Doesn't that show on a soft pull? They ask if you want to transfer balances from other cards and they show what you owe other cards.

Why prequalify you, give you an amount of credit you would be getting, give you an apr, ask you in multiple emails to finish applying so you can reap the benefits of their card, then deny you when you do?

Re: Need opinions - NASA credit card

FinStar — Tue, 21 Sep 2021 01:11:07 GMT

@Metalcards wrote:
Same thing. Too many inquiries in the last 12 months ( I've have 5). uti is 5%. No lates, no derog. Doesn't that show on a soft pull? They ask if you want to transfer balances from other cards and they show what you owe other cards.
Why prequalify you, give you an amount of credit you would be getting, give you an apr, ask you in multiple emails to finish applying so you can reap the benefits of their card, then deny you when you do?

Because it's not technically an approval. The portal is a pre-qualification tool that runs only preliminary data that may potentially (key word: potentially) extend you a pre-approved offer with a CL that would be a little more solid. That being said, NASA can be somewhat conservatve, especially these days (but their rules, not mine) and even pre-approved offers may not always be 100% solid in a variety of cases. If you have too much available credit in their eyes, it will likely be a "no". Same if you have opened too many cards in the past 12 months or so. Inquiries, same thing. Pyramiding or escalating debts, ditto as well.

Don't get me wrong, they are a decent CU (IMO), but things have to be aligned just right for you to get an approval. So, it may take a few tries.