topic Re: Overstock Secured Card by FNBO in Credit Cards

Overstock Secured Card by FNBO

Creditaddict — Wed, 03 Sep 2014 15:17:32 GMT

First National Bank of Omaha

Thank you for applying for our Credit Card. Your application has been received, and generally the review time is around 10 to 14 days. We will contact you if there is any additional information that we need in order to make a decision on your application.

To check the status of your application, please visit https://www.firstnational.com/RetailWeb/default/cardservices/application-status/show-form and enter the information you used to complete your application.

Re: Overstock Secured Card by FNBO

I_need_720 — Wed, 03 Sep 2014 16:03:27 GMT

There is already a thread running on this card:

http://ficoforums.myfico.com/t5/Credit-Cards/Overstock-com-Secured-Mastercard-through-First-Omaha-Bank/td-p/3399839

Re: Overstock Secured Card by FNBO

pizza1 — Wed, 03 Sep 2014 16:06:32 GMT

I've got a thread as well going.... I decided not to do it.... For now lol

Re: Overstock Secured Card by FNBO

CardHunter — Wed, 03 Sep 2014 16:11:52 GMT

@Creditaddict wrote:
First National Bank of Omaha

Thank you for applying for our Credit Card. Your application has been received, and generally the review time is around 10 to 14 days. We will contact you if there is any additional information that we need in order to make a decision on your application.

To check the status of your application, please visit https://www.firstnational.com/RetailWeb/default/cardservices/application-status/show-form and enter the information you used to complete your application.

Interesting, I didn't know they offered a secured card.

Re: Overstock Secured Card by FNBO

Creditaddict — Wed, 03 Sep 2014 16:19:54 GMT

yes, I just wanted to break off to post and keep track of my application progress!

and now just found out they have a store card too!!! by comenity!

Re: Overstock Secured Card by FNBO

pizza1 — Wed, 03 Sep 2014 16:26:12 GMT

Lmao!!!

Re: Overstock Secured Card by FNBO

CardHunter — Wed, 03 Sep 2014 16:29:22 GMT

@Creditaddict wrote:
yes, I just wanted to break off to post and keep track of my application progress!

and now just found out they have a store card too!!! by comenity!

Yeah I was just approved for that card with a pre approval pop up but still had to enter full SS in so waiting to see if it was a HP or not. I haven't got a alert yet from score watch.

Re: Overstock Secured Card by FNBO

CardHunter — Wed, 03 Sep 2014 16:28:35 GMT

@Creditaddict wrote:
yes, I just wanted to break off to post and keep track of my application progress!

and now just found out they have a store card too!!! by comenity!

You should get it LOL...

Re: Overstock Secured Card by FNBO

Creditaddict — Wed, 03 Sep 2014 16:29:35 GMT

@CardHunter wrote:
@Creditaddict wrote:
yes, I just wanted to break off to post and keep track of my application progress!

and now just found out they have a store card too!!! by comenity!
You should get it LOL...

I didn't get a pop up

Re: Overstock Secured Card by FNBO

I_need_720 — Wed, 03 Sep 2014 16:35:43 GMT

Hey Credit Addict,

I understand - by the way, I got the same email you did last night. I checked my bank account and the funds to secure the account have not been drafted out yet. I'll post here when I see movement on my application.

Re: Overstock Secured Card by FNBO

I_need_720 — Tue, 09 Sep 2014 15:15:52 GMT

Well, unofrtunately no good news to report. I received an email stating that there was an application status update available. When i checked it I got the following:

View Application Status Application Declined

Date Application Received:	09/02/2014
Applicant Name:	XXXXXX
Current Status:	Declined

Your credit card application has been declined. A letter will be sent to you within 7 - 10 business days explaining why your application was declined

I lost two days in the garden, incurred a HP to be turned down for a secured card. I am curious to see what the DL will state. Ridiculous for a card that poses no risk to them as it is collateralized.

Re: Overstock Secured Card by FNBO

I_need_720 — Tue, 09 Sep 2014 15:33:07 GMT

Now, I'm really teed off!! I caled to recon and was told that I my denial is attributable to excessive inquiries. I have opened 4 Comenity Card and 1 Barclays Card since July. However, with this being a secured card I don't see why that should matter - it's collateralized! He said I exceeded the 6-month threshold for inquiries - athough he would not provide the specific range/number of what is acceptable. I don't/won't do business with companies that don't operate with common sense - so NO FNBO for me down the road. If this was an unsecured card I could understand their rationale , this is just stupid!

Re: Overstock Secured Card by FNBO

Anonymous — Tue, 09 Sep 2014 20:06:12 GMT

I just had my overstock mastercard closed due to too many inquiries. I had the card for over 2 years, never a late and never kept a balance on it. I wasnt even told it was closed--had to find out from 7-11!

Re: Overstock Secured Card by FNBO

trumpet-205 — Tue, 09 Sep 2014 20:13:31 GMT

@I_need_720 wrote:
If this was an unsecured card I could understand their rationale , this is just stupid!

I understand you anger, but even secured card can incur loss to lenders. There is a reason why lenders still pull CR for secured card. For one, secured deposit does not cover the loss of interest and late fee.