Pre Approved Odds?

[masscredit]

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@Fortnite323 wrote:

I'm not applying for anything I'm just asking waiting for my 341 on 18th hopefully get discharged soon after 

Did you end up applying for anything after your 341 meeting? Our filing and meeting dates are within days of eachother. I was approved for an OpenSky card Friday. Went with a $3K limit.

@Horseshoez 

Any feel for how TD Bank card will grow? SP or HP for CLIs? Maybe auto-increases? 

[FinStar]

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@masscredit wrote:

Any feel for how TD Bank card will grow? SP or HP for CLIs? Maybe auto-increases? 

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TD Bank can auto-CLI, but it's profile-specific. Any customer-initiated CLI requests are HP.

[Horseshoez]

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@masscredit wrote:

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@Fortnite323 wrote:

I'm not applying for anything I'm just asking waiting for my 341 on 18th hopefully get discharged soon after 

Did you end up applying for anything after your 341 meeting? Our filing and meeting dates are within days of eachother. I was approved for an OpenSky card Friday. Went with a $3K limit.

@Horseshoez 

Any feel for how TD Bank card will grow? SP or HP for CLIs? Maybe auto-increases? 

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My secured $5,000 TDCash card graduated the day the 7th statement cut (six months and a day or two after I got it in the mail); then 14 months later I was greeted with an auto-CLI for an additional $3,500.

[T_Diva]

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@Fortnite323 wrote:

What is your Credit Limits on them?

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A week after discharge I applied for the Credit One Amex based in the Experian pre-approval. My initial credit line is $1500.

I don't mind the AF because it isn't a lot of money to me for one year. I'd rather pay an annual fee right now, than let a bank hold my cash in this economy.

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I have used Credit One in the past to rebuild. They are an okay company as long as you read and keep track of dates.

[Horseshoez]

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@T_Diva wrote:

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@Fortnite323 wrote:

What is your Credit Limits on them?

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A week after discharge I applied for the Credit One Amex based in the Experian pre-approval. My initial credit line is $1500.

I don't mind the AF because it isn't a lot of money to me for one year. I'd rather pay an annual fee right now, than let a bank hold my cash in this economy.

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I have used Credit One in the past to rebuild. They are an okay company as long as you read and keep track of dates.

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I suppose that is one way of looking at it, the other way is I earned over $100 from my TDCash card (which pays a flat 1% cash back reward on all purchases) during the 6-months it was secured.

[masscredit]

I called TD Bank to see if I can apply for a secured card before my DC. The person I spoke with said yes. She went on to give me details about the card and said that's one of the benefits. It's based on the deposit amount and not past credit history. I'll see if that info is correct in the morning. I set up an appointment at my local branch. 

I also called US Bank to ask the same question. She wasn't sure so she gave me the number to the underwritting department so I can ask them. I didn't make it a priority to call after she told me the card won't graduate. I could apply for an unsecured card in a year. That would be a HP. Rebuilding cards aren't perfect so I might give them a call tomorrow. Currently my priority is to have at least one good card that will graduate. It will be great if I can get more than that. 

[T_Diva]

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@Horseshoez wrote:

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@T_Diva wrote:

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@Fortnite323 wrote:

What is your Credit Limits on them?

---

A week after discharge I applied for the Credit One Amex based in the Experian pre-approval. My initial credit line is $1500.

I don't mind the AF because it isn't a lot of money to me for one year. I'd rather pay an annual fee right now, than let a bank hold my cash in this economy.

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I have used Credit One in the past to rebuild. They are an okay company as long as you read and keep track of dates.

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I suppose that is one way of looking at it, the other way is I earned over $100 from my TDCash card (which pays a flat 1% cash back reward on all purchases) during the 6-months it was secured.

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The Cred1 Amex does 5% on the first 5000 then 1%. I can make more putting thr deposit money in the stock market and earning cash back.

1% cash back on a deposit it is a loss of over 8% with inflation. 

I considered doing secure because I wanted a higher limit for business travel but it doesn't make sense to tie up that much cash in the middle of stagflation.

[Horseshoez]

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@T_Diva wrote:

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@Horseshoez wrote:

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@T_Diva wrote:

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@Fortnite323 wrote:

What is your Credit Limits on them?

---

A week after discharge I applied for the Credit One Amex based in the Experian pre-approval. My initial credit line is $1500.

I don't mind the AF because it isn't a lot of money to me for one year. I'd rather pay an annual fee right now, than let a bank hold my cash in this economy.

---

I have used Credit One in the past to rebuild. They are an okay company as long as you read and keep track of dates.

---

I suppose that is one way of looking at it, the other way is I earned over $100 from my TDCash card (which pays a flat 1% cash back reward on all purchases) during the 6-months it was secured.

---

The Cred1 Amex does 5% on the first 5000 then 1%. I can make more putting thr deposit money in the stock market and earning cash back.

1% cash back on a deposit it is a loss of over 8% with inflation. 

I considered doing secure because I wanted a higher limit for business travel but it doesn't make sense to tie up that much cash in the middle of stagflation.

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LOL, but it is still a CreditOne card.

Edit: I just looked it up, the CreditOne web site makes no mention of the 5% cash back you speak of; please post a link to support this.

[FinStar]

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@Horseshoez wrote:

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@T_Diva wrote:

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@Horseshoez wrote:

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@T_Diva wrote:

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@Fortnite323 wrote:

What is your Credit Limits on them?

---

A week after discharge I applied for the Credit One Amex based in the Experian pre-approval. My initial credit line is $1500.

I don't mind the AF because it isn't a lot of money to me for one year. I'd rather pay an annual fee right now, than let a bank hold my cash in this economy.

---

I have used Credit One in the past to rebuild. They are an okay company as long as you read and keep track of dates.

---

I suppose that is one way of looking at it, the other way is I earned over $100 from my TDCash card (which pays a flat 1% cash back reward on all purchases) during the 6-months it was secured.

---

The Cred1 Amex does 5% on the first 5000 then 1%. I can make more putting thr deposit money in the stock market and earning cash back.

1% cash back on a deposit it is a loss of over 8% with inflation. 

I considered doing secure because I wanted a higher limit for business travel but it doesn't make sense to tie up that much cash in the middle of stagflation.

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LOL, but it is still a CreditOne card.

Edit: I just looked it up, the CreditOne web site makes no mention of the 5% cash back you speak of; please post a link to support this.

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Plenty of individuals have been approved for that particular Credit One AmEx with the 5% offer. It is either targeted, offered via a pre-approval on the Credit One site and/or via Credit Karma.

But, since you would like some supporting evidence, here's another thread where a member discussed a limited-time promotion:

https://ficoforums.myfico.com/t5/Credit-Cards/Credit-One-AMEX-targeted-offer-5-bonus-gas/td-p/652958...

And, the one with the standard 5% (with AF) from CK:

https://www.creditkarma.com/creditcard/CCCreditOneBank09

Hope that helps.

[Lurker22]

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@masscredit wrote:

I also called US Bank to ask the same question. She wasn't sure so she gave me the number to the underwritting department so I can ask them. I didn't make it a priority to call after she told me the card won't graduate. I could apply for an unsecured card in a year. That would be a HP. Rebuilding cards aren't perfect so I might give them a call tomorrow. Currently my priority is to have at least one good card that will graduate. It will be great if I can get more than that. 

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USB will grant a secured card with an open 13, assuming they'd do the same with a 7 - I applied for USB Cash + 12 months from finishing my 13 and Altitude Go 9 months from finishing, hoping they graduate shortly after DC