topic Re: Sallie Mae Rewards MC chances? in Credit Cards

Sallie Mae Rewards MC chances?

Anonymous — Tue, 21 Jan 2014 17:05:12 GMT

Hello everyone, this is my first post here. I believe this place has just become my new favorite online forum.

Does anyone know if Barclays has a more lenient approval for the Sallie Mae MC than they do for their own Barclay cards? I am asking b/c I know the Salle Mae is kind of geared toward college students, so I was hoping maybe their standards aren't as rigid as for the other Barclaycards.

I am no longer in college, but the 5% cash back on groceries and Amazon would be a perfect fit for my typical spending. However, 2 weeks ago I applied for the Barclaycard Rewards MC and was denied due to too few satisfactory accounts. That wasn't a surprise but I figured I would try anyways. That was before I knew about the Sallie Mae.

I just was approved for the Discover It after being denied by Barclays. Before that, I basically had no credit accounts of any kind for about 3.5 years. My overall credit history is so limited that I didn't even have a FICO score from any of the 3 bureaus when I applied for the Barclays and Discover. So should I go ahead and try for the Sallie Mae, since I don't exactly have a whole lot to lose? BTW, I live in NC, and Barclays pulled Experian, which was unexpected.

Re: Sallie Mae Rewards MC chances?

efranklin23 — Tue, 21 Jan 2014 18:51:59 GMT

@Anonymous wrote:
Hello everyone, this is my first post here. I believe this place has just become my new favorite online forum.

Does anyone know if Barclays has a more lenient approval for the Sallie Mae MC than they do for their own Barclay cards? I am asking b/c I know the Salle Mae is kind of geared toward college students, so I was hoping maybe their standards aren't as rigid as for the other Barclaycards.

I am no longer in college, but the 5% cash back on groceries and Amazon would be a perfect fit for my typical spending. However, 2 weeks ago I applied for the Barclaycard Rewards MC and was denied due to too few satisfactory accounts. That wasn't a surprise but I figured I would try anyways. That was before I knew about the Sallie Mae.

I just was approved for the Discover It after being denied by Barclays. Before that, I basically had no credit accounts of any kind for about 3.5 years. My overall credit history is so limited that I didn't even have a FICO score from any of the 3 bureaus when I applied for the Barclays and Discover. So should I go ahead and try for the Sallie Mae, since I don't exactly have a whole lot to lose? BTW, I live in NC, and Barclays pulled Experian, which was unexpected.

I think the standards are simliar to the other Barclays accounts. But now that you have the It card, I would get history for that card and then re-apply for your Sallie Mae MC.

BTW, WELCOME TO THE DISCOVER FAMILY!

Re: Sallie Mae Rewards MC chances?

alvon123 — Tue, 21 Jan 2014 19:14:11 GMT

@Anonymous wrote:
Hello everyone, this is my first post here. I believe this place has just become my new favorite online forum.

Does anyone know if Barclays has a more lenient approval for the Sallie Mae MC than they do for their own Barclay cards? I am asking b/c I know the Salle Mae is kind of geared toward college students, so I was hoping maybe their standards aren't as rigid as for the other Barclaycards.

I am no longer in college, but the 5% cash back on groceries and Amazon would be a perfect fit for my typical spending. However, 2 weeks ago I applied for the Barclaycard Rewards MC and was denied due to too few satisfactory accounts. That wasn't a surprise but I figured I would try anyways. That was before I knew about the Sallie Mae.

I just was approved for the Discover It after being denied by Barclays. Before that, I basically had no credit accounts of any kind for about 3.5 years. My overall credit history is so limited that I didn't even have a FICO score from any of the 3 bureaus when I applied for the Barclays and Discover. So should I go ahead and try for the Sallie Mae, since I don't exactly have a whole lot to lose? BTW, I live in NC, and Barclays pulled Experian, which was unexpected.

congrats on the Discover

Re: Sallie Mae Rewards MC chances?

Anonymous — Tue, 21 Jan 2014 23:52:07 GMT

A few weeks ago I applied for some stuff:

Sallie Mae MC : Denied. Recon failed too.

BoA Better Balance Rewards: Approved

Discover It: Approved

Yesterday I applied for Barclaycard Arrival WMC (AF version) and was denied, but approved for the Platinum MC (AF Version).

So no, I disagree that the Sallie Mae MC has similar requirements to other Barclaycard cards considering I had no inquiries or accounts newer than 1 year when I applied (and was denied) for it, yet I was approved for Arrival after having at least 2 new inquiries (on TU).

Re: Sallie Mae Rewards MC chances?

Anonymous — Wed, 22 Jan 2014 01:15:33 GMT

Thanks for the info. The Discover It I was approved for is now the only card I have, and they only pulled TU apparantly. My only other inquiry was the Barclaycard, which pulled Exp. I wonder if Barclay will pull Exp again if I apply for the Sallie Mae, or if they will go the usual route and pull TU?

Since Barclays denied me for having too few satisfactory accounts in my history, my guess is they will probably say the same thing if I apply for the Sallie Mae MC. It seems like Barclay is wary of my limited credit history, but I have always read they frown upon new/recent credit inquiries - especially with other creditors. If I apply for the Sallie Mae MC, do you think I stand a better chance at getting approved now, or later on this year? (once the Discover has built up a history) My guess is waiting can only improve my chances. I know another poster suggested that.

Re: Sallie Mae Rewards MC chances?

Swapmeet — Wed, 22 Jan 2014 01:22:21 GMT

You should definitely wait until later this year. Use your It card wisely for 6 months or so, then you can go after Sallie.

PS welcome.

Re: Sallie Mae Rewards MC chances?

indiolatino61 — Wed, 22 Jan 2014 04:40:55 GMT

@Anonymous wrote:
Hello everyone, this is my first post here. I believe this place has just become my new favorite online forum.

Does anyone know if Barclays has a more lenient approval for the Sallie Mae MC than they do for their own Barclay cards? I am asking b/c I know the Salle Mae is kind of geared toward college students, so I was hoping maybe their standards aren't as rigid as for the other Barclaycards.

I am no longer in college, but the 5% cash back on groceries and Amazon would be a perfect fit for my typical spending. However, 2 weeks ago I applied for the Barclaycard Rewards MC and was denied due to too few satisfactory accounts. That wasn't a surprise but I figured I would try anyways. That was before I knew about the Sallie Mae.

I just was approved for the Discover It after being denied by Barclays. Before that, I basically had no credit accounts of any kind for about 3.5 years. My overall credit history is so limited that I didn't even have a FICO score from any of the 3 bureaus when I applied for the Barclays and Discover. So should I go ahead and try for the Sallie Mae, since I don't exactly have a whole lot to lose? BTW, I live in NC, and Barclays pulled Experian, which was unexpected.

Congrats on your Discover approval.

Re: Sallie Mae Rewards MC chances?

DieGo2SHAE — Wed, 22 Jan 2014 04:51:59 GMT

I just found out about this card a few days ago and I am absolutely itching to apply for it. I don't know how this card gets so little attention; when I found it I thought there must be something blatantly bad about it (besides the caps) for it to be so relatively unknown. Maybe because the card is, unfortunately, ugly looking?

Re: Sallie Mae Rewards MC chances?

Anonymous — Wed, 22 Jan 2014 13:44:38 GMT

@Anonymous wrote:
Thanks for the info. The Discover It I was approved for is now the only card I have, and they only pulled TU apparantly. My only other inquiry was the Barclaycard, which pulled Exp. I wonder if Barclay will pull Exp again if I apply for the Sallie Mae, or if they will go the usual route and pull TU?

Since Barclays denied me for having too few satisfactory accounts in my history, my guess is they will probably say the same thing if I apply for the Sallie Mae MC. It seems like Barclay is wary of my limited credit history, but I have always read they frown upon new/recent credit inquiries - especially with other creditors. If I apply for the Sallie Mae MC, do you think I stand a better chance at getting approved now, or later on this year? (once the Discover has built up a history) My guess is waiting can only improve my chances. I know another poster suggested that.

They pulled TU for me (Sallie Mae MC and Arrial)

Re: Sallie Mae Rewards MC chances?

Hockeyplayrr — Wed, 22 Jan 2014 16:23:38 GMT

They pulled transunion for me yesterday and I am located in New Jersey. Approved for 3.8k with a 742 TU Fico (according to discover). Discover gives a free credit score, if you have generated a statement, you may want to check what it is. I don't make much a year only 35k but my AAoA is about 2 years.

Re: Sallie Mae Rewards MC chances?

sr383 — Wed, 22 Jan 2014 16:17:28 GMT

@DieGo2SHAE wrote:
I just found out about this card a few days ago and I am absolutely itching to apply for it. I don't know how this card gets so little attention; when I found it I thought there must be something blatantly bad about it (besides the caps) for it to be so relatively unknown. Maybe because the card is, unfortunately, ugly looking?

I prefer to think of it as "plain." Looks aren't everything, though. It's still my favorite card, by far.

Re: Sallie Mae Rewards MC chances?

Swapmeet — Wed, 22 Jan 2014 16:18:01 GMT

@DieGo2SHAE wrote:
I just found out about this card a few days ago and I am absolutely itching to apply for it. I don't know how this card gets so little attention; when I found it I thought there must be something blatantly bad about it (besides the caps) for it to be so relatively unknown. Maybe because the card is, unfortunately, ugly looking?

This is obviously not much of a problem for you....lol. I see that Forward in your sig....haha just playing, but really, it's ugly!

Re: Sallie Mae Rewards MC chances?

sr383 — Wed, 22 Jan 2014 16:27:08 GMT

@Swapmeet wrote:
@DieGo2SHAE wrote:
I just found out about this card a few days ago and I am absolutely itching to apply for it. I don't know how this card gets so little attention; when I found it I thought there must be something blatantly bad about it (besides the caps) for it to be so relatively unknown. Maybe because the card is, unfortunately, ugly looking?
This is obviously not much of a problem for you....lol. I see that Forward in your sig....haha just playing, but really, it's ugly!

Just a few vericose veins, is all.

Re: Sallie Mae Rewards MC chances?

Anonymous — Wed, 22 Jan 2014 17:29:59 GMT

@Anonymous wrote:
@Anonymous wrote:
Thanks for the info. The Discover It I was approved for is now the only card I have, and they only pulled TU apparantly. My only other inquiry was the Barclaycard, which pulled Exp. I wonder if Barclay will pull Exp again if I apply for the Sallie Mae, or if they will go the usual route and pull TU?

Since Barclays denied me for having too few satisfactory accounts in my history, my guess is they will probably say the same thing if I apply for the Sallie Mae MC. It seems like Barclay is wary of my limited credit history, but I have always read they frown upon new/recent credit inquiries - especially with other creditors. If I apply for the Sallie Mae MC, do you think I stand a better chance at getting approved now, or later on this year? (once the Discover has built up a history) My guess is waiting can only improve my chances. I know another poster suggested that.
They pulled TU for me (Sallie Mae MC and Arrial)

+1 for TU pull.

Also I opened four new cc accounts after Barclay's SM and they haven't said anything - been wondering if they would CLD or close the account due to their notorious sensitivity to new accounts.