topic Re: Stonegate to Issue Mastercards For Use In Cuba in Credit in the News

Stonegate to Issue Mastercards For Use In Cuba

B335is — Wed, 15 Jun 2016 15:10:20 GMT

I think they give instant decisions. Anyone with more info on their underwriting?

http://m.nasdaq.com/article/stonegate-bank-becomes-first-us-bank-to-issue-mastercard-credit-cards-for-use-in-cuba-cm635496

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Wed, 15 Jun 2016 15:13:10 GMT

Here's a link to the application:

https://www.stonegatebank.com/form-consumer-credit-card.asp

Re: Stonegate to Issue Mastercards For Use In Cuba

Creditaddict — Wed, 15 Jun 2016 15:15:01 GMT

Interesting.

Re: Stonegate to Issue Mastercards For Use In Cuba

Creditaddict — Wed, 15 Jun 2016 15:16:07 GMT

@B335is wrote:
Here's a link to the application:

https://www.stonegatebank.com/form-consumer-credit-card.asp

Come on B, My reports are locked... Apply, tell us if it's instant and who they pull!

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Wed, 15 Jun 2016 15:19:34 GMT

It didn't even process it said a rep will contact me! I applied for the World version.

Re: Stonegate to Issue Mastercards For Use In Cuba

Anonymous — Wed, 15 Jun 2016 17:20:25 GMT

What are credit requirements for stonegate?

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Wed, 15 Jun 2016 17:58:44 GMT

I have no idea what their underwriting is like. I applied on my phone maybe that's the problem.

Re: Stonegate to Issue Mastercards For Use In Cuba

Anonymous — Thu, 16 Jun 2016 18:44:38 GMT

From the website they look pretty stringent

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Thu, 16 Jun 2016 20:29:19 GMT

It said only 1,000 of the Cuba themed card will be produced. I still haven't heard from them.

Re: Stonegate to Issue Mastercards For Use In Cuba

Anonymous — Fri, 17 Jun 2016 01:51:06 GMT

My co- worker applied for this card today and he got approved for $15K . He picked the WEMC version. He usually goes to Cuba twice a year.

I was wow that much SL for a new card in town? not bad. They pulled EX here in Florida.

Re: Stonegate to Issue Mastercards For Use In Cuba

Creditaddict — Fri, 17 Jun 2016 02:33:59 GMT

Isn't td inq sensitive?

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Fri, 17 Jun 2016 06:47:40 GMT

I didn't know it was backed by TD? I know the new Ally card is but this app didn't redirect me. It just said a rep would contact me after I hit submit.

Re: Stonegate to Issue Mastercards For Use In Cuba

Creditaddict — Fri, 17 Jun 2016 07:01:05 GMT

Sorry B, totally posting on my phone thinking of Ally!
You see the inq?
Still no word?

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Fri, 17 Jun 2016 14:43:37 GMT

Nothing yet. I'll try calling today.

Re: Stonegate to Issue Mastercards For Use In Cuba

B335is — Fri, 17 Jun 2016 15:46:37 GMT

They sent me an email. It looks like they're overwhelmed:

Thank you for applying for a Stonegate Bank MasterCard credit card! Due to our product launch and the high initial demand for our credit cards, applications will initially take three to four weeks to process. Once your application has been processed you will receive a letter notifying you of our actions and the next steps. If you have any questions regarding the application process, please feel free to send us an email at stonegatecardservices@stonegatebank.com, or you may also contact any of our branch offices to speak with a representative. Please include your name and phone number in your emails, but do not send any personal or confidential information through this email as it is not encrypted or secured.

PLEASE NOTE:

If you requested a limited edition Cuban Artwork Commemorative Card and applied for a Stonegate Bank Platinum MasterCard, you are not eligible to receive the limited edition card. If your application is approved, you will receive our standard Platinum card design. Only cardholders who have applied for the Stonegate Bank World and World Elite credit cards are eligible to receive the limited edition card.

If you indicated that you would like your credit card to be activated for use in Cuba, you must complete our Personal Compliance Certification Form, found in the “Traveling to Cuba” section on our website at https://www.stonegatebank.com/credit_cards.htm. If you specified additional authorized users on your application, each user must complete a Personal Compliance Certification Form. These forms may be returned to any Stonegate Bank branch location, mailed to: Stonegate Bank, ATTN: Cuba Banking Manager, 3021 Airport Pulling Road, Naples, FL 34105, or faxed to (239)449-4383.

We appreciate your patience and we look forward to serving you!

Re: Stonegate to Issue Mastercards For Use In Cuba

RonM21 — Mon, 20 Jun 2016 09:24:36 GMT

Didn't know much about them until a day or so ago. Saw another thread on Stonegate. Interesting.

Re: Stonegate to Issue Mastercards For Use In Cuba

Anonymous — Thu, 30 Jun 2016 06:51:13 GMT

The card is supposedly a "true" chip and PIN card too like Diners Club/First Tech/UNFCU, but that'll still need to be confirmed by someone. Weirdly a lot of places seem to be not bothering with PIN for small amounts at all now so that might be a while.

Re: Stonegate to Issue Mastercards For Use In Cuba

BNA111 — Sat, 04 Mar 2017 00:41:40 GMT

I just applied for the Stonegate platinum version and also received the "Thank You" notice upon submitting my application. It says it will take about 7-12 business days to review my application. Hopefully the card just comes in the mail. *Wishful thinking!

Re: Stonegate to Issue Mastercards For Use In Cuba

BNA111 — Sat, 04 Mar 2017 00:43:43 GMT

I too received the same response after submitting my app. I hope they at least consider my application since I have a nordstrom card and TD Bank issues it. *fingers crossed!*