Checking Accounts increase approval?

[TyRacing]

Have a Checking Account with the same bank helps for credit card approval... increase the odds?

Discover has a free Cashback Checking account with Debit card and Capital One also has a free 360 Checking account with debit mastercard. Will they help increase odds with the (IT, etc) and (Savor, etc) credit cards? 

and if yes, does it have to be high cash flow activity? 

or not worth getting the checking accounts?

thanks

[Jnbmom]

I would said no, has no bearing.

Credit card approvals are based on your overall credit profile not where you are banking. Now some banks you have to have an account before applying for credit card ( CU come to mind) but I still say it won't really matter.

[Anonymous]

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@TyRacing wrote:

Have a Checking Account with the same bank helps for credit card approval... increase the odds?

Discover has a free Cashback Checking account with Debit card and Capital One also has a free 360 Checking account with debit mastercard. Will they help increase odds with the (IT, etc) and (Savor, etc) credit cards? 

and if yes, does it have to be high cash flow activity? 

or not worth getting the checking accounts?

thanks

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@Anonymous in my chase and BOA I believe it helped. I have had no credit history or any history in the US for that matter prior to 2017. I moved to the USA last year in June and the first CC I applied in my life was in November. So My approval of BOA travel rewards was primarily because of Savings account I have with BOA which was 6/7 months. And my approval for Freedom with toy limit was because I was a joint account owner @ Chase with checking and savings.

[MrDFinance]

If you have a thin file I believe it helps you get your foot in the door..... Since they have a inside look to your finances to make a decision and definitely will help if you recon a denial

[FinStar]

There are assigned values to an individual's profile whenever a depository or investment relationship exists which builds an internal score.

A variety of lending institutions tend to consider them to a certain extent (some are part of membership requirements), but that in it of itself does not guarantee an approval for specific lending products.

Upon manual or judgemental review, these can be a plus; but weighed on a case-by-case basis, depending on the length of such relationship or deposit levels or investments.

We've often seen that even having $X parked in a FI has still yielded a declined outcome. At the end of the day, algorithms (as coded by each FI) are the determining factors.