No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Curious as well. I also received this invitation today. I doubt that i'll apply as I went through the pre-qualify questions and was determined not to be a good fit. Also, i've since aquired "better" cards that fit my spend. However, would like to hear from others that applied and were approved - do they have difficult/strict underwriting?
I got the invite as well and am also curious. One thing I noticed is that it says under how it works is..."Link your bank account."
I am a bit apprehensive on that front just to SEE if I'm approved. Waiting for any brave souls to try it lol
For the right person, the Petal appears to be a perfect solution...
https://www.creditkarma.com/credit-cards/i/petal-card-review/
In the name of science, I went ahead and accepted the invitation, which is essentially a prequalification process. They get all your essentials like ID and SSN, then they ask about the relationships you have with institutions like BOA, Citi, AMEX, US Bank, etc. Yes they will ask for each and every one of your banking login credentials so caveat emptor.
After submitting all that they’ll tell you whether or not you’re preapproved for the card. I wasn’t so the whole process didn’t count as an application of credit and therefore no dings to my score. They SP’d Experian. Strangely the score they pulled was 699, which not only doesn’t match any of my various EX scores but is significantly off from my EX FICO8 score of 722, and my EX Bankcard 8 and 9 scores, which are both 726. My guess is that the HP part comes if you make it to preapproval and accept.
The reason given for my rejection was “Your cash flow exhibits a higher risk transaction pattern.” I honestly don’t know what this means. I have cards from all the majors and my bank accounts always holds five figures. Income is 91k, UTI 3%, 4 INQ’s on EX, no BKs or lates, ever.
So, an interesting exercise, but a no go for me. Good luck to any who apply.
@Anonymous wrote:In the name of science, I went ahead and accepted the invitation, which is essentially a prequalification process. They get all your essentials like ID and SSN, then they ask about the relationships you have with institutions like BOA, Citi, AMEX, US Bank, etc. Yes they will ask for each and every one of your banking login credentials so caveat emptor.
After submitting all that they’ll tell you whether or not you’re preapproved for the card. I wasn’t so the whole process didn’t count as an application of credit and therefore no dings to my score. They SP’d Experian. Strangely the score they pulled was 699, which not only doesn’t match any of my various EX scores but is significantly off from my EX FICO8 score of 722, and my EX Bankcard 8 and 9 scores, which are both 726. My guess is that the HP part comes if you make it to preapproval and accept.
The reason given for my rejection was “Your cash flow exhibits a higher risk transaction pattern.” I honestly don’t know what this means. I have cards from all the majors and my bank accounts always holds five figures. Income is 91k, UTI 3%, 4 INQ’s on EX, no BKs or lates, ever.
So, an interesting exercise, but a no go for me. Good luck to any who apply.
With your income and profile i wouldnt be shooting for a card that wants all your bank info with no assurance of approval. Sounds sketch to me but then again i dont have alot of money anyway
@AverageJoesCredit wrote:With your income and profile i wouldnt be shooting for a card that wants all your bank info with no assurance of approval. Sounds sketch to me but then again i dont have alot of money anyway
There is NOT a card in this world that I would app for if I had to give up all my CC and banking LOG IN DETAILS!
Nope, Nada, It ain't happenin'.