Elan Financial Services question about Application?

[Anonymous]

I applied for a credit card online with my bank (Yadkin Bank) 

I thought appling for a credit card through my bank might have better results with 6 months of credit history. Anyway the card is administered by Elan

I would Like to know what you all think my approval odds are, I have an income although it does not report on my credit reports; which I am sure is going to cause problems when applying for credit.

I applied online and got the message that they could not approve my request and that I would get a letter in 7-10days, from that page it requested I click continue which took me through to a balance transfer option, finally to a submission page. When i submitted the application I got a 7-10 day message.

I applied for their American Express cash rewards card; I thought I might have a better chance with them then American Express. I cannot do any prequals which makes applying for any card a 50/50 chance of denial or approval. Could I possibly get in with amex? I just dislike the having to wait for 25 rewards dollars to redeem. thats over $800 in grocery spend by my calculations. I only spend around $500 monthly, I am consistently trying to put more than half of my paycheck into the savings account.

I doubt I will be approved though, I was hoping to add a nice rewards card to my profile. My Fico's are 702 and 728 currently with 6 months credit history.

[ddemari]

that is very standard of CC's issued through Elan. When I applied for my Comerica Bank Visa, Parda CU Amex, and Franklin Mint Amex Travel Rewards cards. I got the same deal, no instant approval followd by an option to transfer a balance. 

All three cards were approved pulling TU, score in the 730's. within about 4 days after you apply, you should receive a letter with the price you pay for credit. If you get that letter, the card should show up the next day or 2. I think you have good odds. 

[dragontears]

Yeah Elan rarely gives instant approval so I say your chances are still pretty good.
FYI no one has their income on their credit report

[Anonymous]

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@dragontears wrote:
Yeah Elan rarely gives instant approval so I say your chances are still pretty good.
FYI no one has their income on their credit report

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Now I feel like a dummy thanks for telling me Dragontears. I always learn something new on here, I love it! 

I'll be sure to let everyone know if I am approved.

[Anonymous]

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@ddemari wrote:

that is very standard of CC's issued through Elan. When I applied for my Comerica Bank Visa, Parda CU Amex, and Franklin Mint Amex Travel Rewards cards. I got the same deal, no instant approval followd by an option to transfer a balance. 

All three cards were approved pulling TU, score in the 730's. within about 4 days after you apply, you should receive a letter with the price you pay for credit. If you get that letter, the card should show up the next day or 2. I think you have good odds. 

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Thank you! I now have hope, I will be sure to let you all know if I am approved! I am really excited for the 3% cash back on gas

[Vegas4Play]

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@Anonymous wrote:

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@dragontears wrote:
Yeah Elan rarely gives instant approval so I say your chances are still pretty good.
FYI no one has their income on their credit report

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Now I feel like a dummy thanks for telling me Dragontears. I always learn something new on here, I love it! 

I'll be sure to let everyone know if I am approved.

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Don't use the D word we all have learn over time.

[Meanmchine]

DENIED is a "D" word