topic Re: Mini App Spree! in Credit Cards

Mini App Spree!

chadwick — Wed, 21 Aug 2013 05:17:24 GMT

Ran a mini app spree...

USAA World Mastercard - app'd online and got a message saying to expect a decision within 2 hours by secure message. never got anything, called the next morning. the rep called underwriting and came back on the line saying it'll be 5-7 days to review. doesn't look good but they pulled my best file and last year I applied and got denied right away via email. will update when decision comes in. UPDATE: Approved for $7k!

Citi Simplicity - app'd over the phone. no instant decision. rep gave status # which I called and it stated I was denied due to limited history and delq accts. will try recon. UPDATE: multiple recons unsuccesful. shot down left and right. executive recon in progress.

Discover It Student - saw they usually pull EQ which is my best file so I went for it but of course they pull my worst TU. app'd over and instant denial. UPDATE: multiple recons also unsuccesful. executive recon in progress.

Local CU CC - app'd over the phone asked for $7500. told to call back in 4 hours. called and got counteroffer for $5000. accepted!

Navy Federal - app'd for membership and waiting for approval. will submit nrewards app once approved. UPDATE: membership STILL pending!!!

USAA FAKOs: EX 730 EQ 720 TU 602

UPDATE: USAA EX FICO 672 from approval letter. lots of room for improvement!

Re: Mini App Spree!

rex_03 — Sat, 17 Aug 2013 09:49:36 GMT

Congrats on the local CU card. Are these your first cards that you'll be getting? Any other history, baddies, etc..

Re: Mini App Spree!

LearningMoreAboutCredit — Sat, 17 Aug 2013 21:56:15 GMT

@chadwick wrote:
Ran a mini app spree...

USAA World Mastercard - app'd online and got a message saying to expect a decision within 2 hours by secure message. never got anything, called the next morning. the rep called underwriting and came back on the line saying it'll be 5-7 days to review. doesn't look good but they pulled my best file and last year I applied and got denied right away via email. will update when decision comes in.

Citi Simplicity - app'd over the phone. no instant decision. rep gave status # which I called and it stated I was denied due to limited history and delq accts. will try recon.

Local CU CC - app'd over the phone asked for $7500. told to call back in 4 hours. called and got counteroffer for $5000. accepted!

Navy Federal - app'd for membership and waiting for approval. will submit nrewards app once approved.

USAA FAKOs: EX 730 EQ 720 TU 602

If you're approved for membership with Navy Federal, consider the cashRewards instead because if you're approved for 5k or more it is a Visa Signature...if that is your goal of course.

Re: Mini App Spree!

chadwick — Wed, 21 Aug 2013 05:05:51 GMT

@rex_03 wrote:
Congrats on the local CU card. Are these your first cards that you'll be getting? Any other history, baddies, etc..

Thanks! I have had USAA's secured MC for a year with a $5k cl and an account at Fingerhut with a $250 cl. My baddie is this traffic ticket that has progressed from misunderstanding to collection account. Still trying to get it resolved. Doubt it'll come off my report (only TU thankfully) before the SOL is up but I'm keeping my fingers crossed.

Re: Mini App Spree!

chadwick — Wed, 21 Aug 2013 05:07:09 GMT

@LearningMoreAboutCredit wrote:
@chadwick wrote:
Ran a mini app spree...

USAA World Mastercard - app'd online and got a message saying to expect a decision within 2 hours by secure message. never got anything, called the next morning. the rep called underwriting and came back on the line saying it'll be 5-7 days to review. doesn't look good but they pulled my best file and last year I applied and got denied right away via email. will update when decision comes in.

Citi Simplicity - app'd over the phone. no instant decision. rep gave status # which I called and it stated I was denied due to limited history and delq accts. will try recon.

Local CU CC - app'd over the phone asked for $7500. told to call back in 4 hours. called and got counteroffer for $5000. accepted!

Navy Federal - app'd for membership and waiting for approval. will submit nrewards app once approved.

USAA FAKOs: EX 730 EQ 720 TU 602
If you're approved for membership with Navy Federal, consider the cashRewards instead because if you're approved for 5k or more it is a Visa Signature...if that is your goal of course.

I'm a newbie to the unsecured credit world...I looked up Visa Signature and it looks like it includes some extra benefits? What exactly are the advantages? MC doesn't have anything like this right?

Re: Mini App Spree!

djc1puno — Wed, 21 Aug 2013 05:36:55 GMT

congrats on the approvals

Re: Mini App Spree!

TiggerDat — Wed, 21 Aug 2013 06:51:30 GMT

I think the MC version of a Signature Card is the World card.

Re: Mini App Spree!

SnackTrader — Wed, 21 Aug 2013 10:59:16 GMT

This is not a mini app spree - this is a full app spree. It would be very rare in the world outside of this forum to see a person applying for 4 credit cards in one day. While it might happen in this forum often, we all must remember that the credit activities of those of us in here tend to differ significantly from "the outside world".

All the same, congrats on your successes - and remember to stay patient. Your profile will continue to improve in time.

Re: Mini App Spree!

JonStur — Wed, 21 Aug 2013 12:18:22 GMT

If this is a mini spree, I would hate to see a full on spree!!! time to let those tradelines age!!!

Re: Mini App Spree!

chadwick — Thu, 22 Aug 2013 04:34:15 GMT

@SnackTrader wrote:
This is not a mini app spree - this is a full app spree. It would be very rare in the world outside of this forum to see a person applying for 4 credit cards in one day. While it might happen in this forum often, we all must remember that the credit activities of those of us in here tend to differ significantly from "the outside world".

All the same, congrats on your successes - and remember to stay patient. Your profile will continue to improve in time.

Oh you're right - this started as a mini and has morphed into full blown app spree.

Re: Mini App Spree!

chadwick — Thu, 22 Aug 2013 04:45:18 GMT

Alright so I'm 2 for 4 right now with my apps.

Citi - waiting to hear back from their EO. rep from there is having the "credit policy" dept manually review my app.

Discover - their EO is much quicker to respond than Citi. the person I'm working with at Discover also had their credit dept do a manual review. she called me back this morning with an update: "I want to let you know that we can approve you for an account..." almost got excited and then heard "...with a qualified co-applicant." I told her I'd think about it and call her back. I really don't have anyone that would fall under qualified or who be willing to put up their name so I can get a cc. I'm thinking about calling her back and trying to negotiate a small limit to build history with them. What makes me sad is I agreed to let them pull EQ for another review (they pulled TU initially) and even after 2 pulls total I'm still having to use a cosigner. Bummer! Will update if things change.

Also, I've been a little more saddened to see my real FICO scores coming in on these approval/adverse action notices. I use USAA CCMP and they show significantly higher scores than the actual numbers.

Real FICO EX 670 EQ 672 TU ?