topic Re: Questions regarding an up to ten day review of ny application? in Credit Cards

Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 00:00:43 GMT

i have always gotten an immediate yes to any internet credit card application. The response I got was they would be taking up to ten days to review my application. That is unsatisfactory as I will be traveling for several weeks and doubt they can get me the card if it is 't approved in the next day or two. At point I would just like to forget it . Should I call and tell them the situation. There hasn't even been a hard credit pull yet or would that have negative credit implications if. I correspond with them and say forget it. I wanted the card before the trip to help meet the rather large spending requirements for the incentives.

Thanks for any strategies or help?

Re: Questions regarding an up to ten day review of ny application?

FinStar — Tue, 07 Oct 2014 00:13:24 GMT

@Anonymous wrote:
i have always gotten an immediate yes to any internet credit card application. The response I got was they would be taking up to ten days to review my application. That is unsatisfactory as I will be traveling for several weeks and doubt they can get me the card if it is 't approved in the next day or two. At point I would just like to forget it . Should I call and tell them the situation. There hasn't even been a hard credit pull yet or would that have negative credit implications if. I correspond with them and say forget it. I wanted the card before the trip to help meet the rather large spending requirements for the incentives.

Thanks for any strategies or help?

Sorry but not every lender may offer you an instant approval. This is the world we live in. Regardless of whether you feel it's unsatisfactory, that's how your application got queued in their system. Depending on who the lender is, you could likely contact their underwriting department to see if they require additional information, especially if no CR has been pulled.

Of course, since your post was pretty cryptic and didn't specify who the lender was, then perhaps once that's known then others can chime in.

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 00:31:18 GMT

The application was to Barclays. They can handle the response anyway they choose and that is not at all offensive. I just had not experienced this and would now like to get back to square one and I don't have enough interest in the card to wait or be involved in correspondence.

Is it reasonable to just call Barclays and tell them I don't want the card because of the circumstances I mentioned. I have no relationship with them.

Re: Questions regarding an up to ten day review of ny application?

FinStar — Tue, 07 Oct 2014 00:36:02 GMT

@Anonymous wrote:
The application was to Barclays. They can handle the response anyway they choose and that is not at all offensive. I just had not experienced this and would now like to get back to square one and I don't have enough interest in the card to wait or be involved in correspondence.

Is it reasonable to just call Barclays and tell them I don't want the card because of the circumstances I mentioned. I have no relationship with them.

You mean just because they didn't process your application right away in a 10-second flash? At the end of the day it's your own decision. My suggestion is to contact their backdoor/credit underwriting folks in the morning (reference the backdoor thread in the sticky) to discuss your circumstances. Whether they can cancel anything is up to them depending on where your application is in the process at that point.

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 01:13:05 GMT

Thanks for replying.Finstar. The advertisement said "get a thirty second decision" I wouldn't have have applied if I had known there was going to be a longer process. Thirty second decision to me meant yes or no in thirty seconds. Maybe others think thirty seconds means ten days . Regardless it is water over the dam and I will let it play out or call credit and ask them to withdraw my apllication if that is possible.

IF I wasn't going on a trip for several weeks, it wouldn't be relevant .

Re: Questions regarding an up to ten day review of ny application?

FinStar — Tue, 07 Oct 2014 01:34:21 GMT

@Anonymous wrote:
Thanks for replying.Finstar. The advertisement said "get a thirty second decision" I wouldn't have have applied if I had known there was going to be a longer process. Thirty second decision to me meant yes or no in thirty seconds. Maybe others think thirty seconds means ten days . Regardless it is water over the dam and I will let it play out or call credit and ask them to withdraw my apllication if that is possible.

IF I wasn't going on a trip for several weeks, it wouldn't be relevant .

Just curious, which Barclay CC did you apply for? Was it the Arrival+ or was it the Hawaiian Airlines WEMC? While I understand the premise of the "thirty second decision" sometimes lenders can be quirky in their security methods and ultimately the application queues up for exception processing. It is possible they may need to verify a couple of pieces of information to ensure it is you who is applying (or who knows). Now, assuming that's the case and you can contact the analyst first thing in the morning, just explain the situation (have your morning coffee or tea 1st though). Chances are they may approve you on the spot and likely expedite your card, Barclays is pretty good in that regard.

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 01:43:27 GMT

Lufthansa Miles and More Master Card

Re: Questions regarding an up to ten day review of ny application?

FinStar — Tue, 07 Oct 2014 02:15:34 GMT

@Anonymous wrote:
Lufthansa Miles and More Master Card

Ok gotcha. I would still contact them tomorrow, especially if there was a decent sign-up offer with this product.

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 02:43:39 GMT

if you got 7-10 days, you can check the application status on barclay website, it should post the decision within 2-3 days. Pretty sure barclay aready hp'd your credit report anyways, they do it the same day you apply for the card. If you are applied, then you can always expedite the card with extra charge.

Re: Questions regarding an up to ten day review of ny application?

lg8302ch — Tue, 07 Oct 2014 02:52:56 GMT

If if is your first Barclays card it might as well be just for verification. Btw from all my cards the only instant approval was the 2nd Barclays card (SM) ...all other cards went to the "you will receive an answer in xx days" but so far all accepted. For me it is always a verification issue. I would not cancel the app as Barclays normally pulls your credit immmediately at app and you have taken the pull already Check TU. Good luck !

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 03:44:19 GMT

It was my first Barclay's card. This delay is making a lot more sense now. thanks to everyone for their help.

Re: Questions regarding an up to ten day review of ny application?

Anonymous — Tue, 07 Oct 2014 13:01:01 GMT

I called using back door number and was approved.

Thanks to all.

Re: Questions regarding an up to ten day review of ny application?

takeshi74 — Tue, 07 Oct 2014 13:46:39 GMT

@Anonymous wrote:
The advertisement said "get a thirty second decision" I wouldn't have have applied if I had known there was going to be a longer process. Thirty second decision to me meant yes or no in thirty seconds. Maybe others think thirty seconds means ten days .

A thirty second aprroval is not guaranteed. The decision could be that a manual review and/or verification is required and that's not uncommon in the credit world regardless of your experience. If you want to rely on assumption then always assume a manual review. If you have a fixed timeline then make sure that any credit application allows for potential manual reviews, verifications, processing, delivery, etc.