Upon reading the "The Best 2% Card Showdown" I thought maybe I might have a chance at the PPMC. I logged into PayPal and clicked on a link "Earn 2% cash back* on every purchase, You've been selected to apply for the PayPal Cashback Mastercard® based on your PayPal history". I learned it's more marketing than preapproval as my app was immediately declined.
I am waiting for their email/letter for the reasons behind their decline, but I already have a pretty good idea of what it's going to say. I have a new, rather thin credit profile, after my Ch7(filed 12/18, disch 3/19) which included SyncB, so I shouldn't really be surprised. Otherwise, I have 3 monthis with a secured nRewards and Cap1 Platinum, and 4 months with a Self loan.
I guess I better test more of the Prequal links and/or seek out other Secured CC options. This is my first decline, ouch, but I was bored and feeling a bit hopeful. I hope not to regret any new CCs that I app for should I get approved. I was holding out for a 2nd NFCU card but with recent results I know I have to wait a few more months.
Any suggestions for me given I have a new, thin file? I like BOA, and am open for their Secured card, and am going to contact BBVA, I don't mind th $40AF if it gets my foot in the door. In the 2% Card Showdown, I also learned FNBO, has a 2% Card, and I see they have a Secured card option as well.
Thanks much!
@EverForward wrote:Upon reading the "The Best 2% Card Showdown" I thought maybe I might have a chance at the PPMC. I logged into PayPal and clicked on a link "Earn 2% cash back* on every purchase, You've been selected to apply for the PayPal Cashback Mastercard® based on your PayPal history". I learned it's more marketing than preapproval as my app was immediately declined.
I am waiting for their email/letter for the reasons behind their decline, but I already have a pretty good idea of what it's going to say. I have a new, rather thin credit profile, after my Ch7(filed 12/18, disch 3/19) which included SyncB, so I shouldn't really be surprised. Otherwise, I have 3 monthis with a secured nRewards and Cap1 Platinum, and 4 months with a Self loan.
I guess I better test more of the Prequal links and/or seek out other Secured CC options. This is my first decline, ouch, but I was bored and feeling a bit hopeful. I hope not to regret any new CCs that I app for should I get approved. I was holding out for a 2nd NFCU card but with recent results I know I have to wait a few more months.
Any suggestions for me given I have a new, thin file? I like BOA, and am open for their Secured card, and am going to contact BBVA, I don't mind th $40AF if it gets my foot in the door. In the 2% Card Showdown, I also learned FNBO, has a 2% Card, and I see they have a Secured card option as well.
Thanks much!
@EverForward, Sorry for your denial
..
Have you thought about the Discover Secure card?
It does have perks, and it does un-secure.
I just read where someone got their's un-secured and a CLI
They now have a $2000 limit.
Just throwing out a suggestion.
@EverForward wrote:Upon reading the "The Best 2% Card Showdown" I thought maybe I might have a chance at the PPMC. I logged into PayPal and clicked on a link "Earn 2% cash back* on every purchase, You've been selected to apply for the PayPal Cashback Mastercard® based on your PayPal history". I learned it's more marketing than preapproval as my app was immediately declined.
I am waiting for their email/letter for the reasons behind their decline, but I already have a pretty good idea of what it's going to say. I have a new, rather thin credit profile, after my Ch7(filed 12/18, disch 3/19) which included SyncB, so I shouldn't really be surprised. Otherwise, I have 3 monthis with a secured nRewards and Cap1 Platinum, and 4 months with a Self loan.
I guess I better test more of the Prequal links and/or seek out other Secured CC options. This is my first decline, ouch, but I was bored and feeling a bit hopeful. I hope not to regret any new CCs that I app for should I get approved. I was holding out for a 2nd NFCU card but with recent results I know I have to wait a few more months.
Any suggestions for me given I have a new, thin file? I like BOA, and am open for their Secured card, and am going to contact BBVA, I don't mind th $40AF if it gets my foot in the door. In the 2% Card Showdown, I also learned FNBO, has a 2% Card, and I see they have a Secured card option as well.
Thanks much!
With BofA, it helps to have a banking relationship to get approved with a thin file. I was approved for an unsecured Cash Rewards before I had a FICO score. I am not certain if they are BK friendly, however.
@M_Smart007 wrote:
@EverForward wrote:Upon reading the "The Best 2% Card Showdown" I thought maybe I might have a chance at the PPMC. I logged into PayPal and clicked on a link "Earn 2% cash back* on every purchase, You've been selected to apply for the PayPal Cashback Mastercard® based on your PayPal history". I learned it's more marketing than preapproval as my app was immediately declined.
I am waiting for their email/letter for the reasons behind their decline, but I already have a pretty good idea of what it's going to say. I have a new, rather thin credit profile, after my Ch7(filed 12/18, disch 3/19) which included SyncB, so I shouldn't really be surprised. Otherwise, I have 3 monthis with a secured nRewards and Cap1 Platinum, and 4 months with a Self loan.
I guess I better test more of the Prequal links and/or seek out other Secured CC options. This is my first decline, ouch, but I was bored and feeling a bit hopeful. I hope not to regret any new CCs that I app for should I get approved. I was holding out for a 2nd NFCU card but with recent results I know I have to wait a few more months.
Any suggestions for me given I have a new, thin file? I like BOA, and am open for their Secured card, and am going to contact BBVA, I don't mind th $40AF if it gets my foot in the door. In the 2% Card Showdown, I also learned FNBO, has a 2% Card, and I see they have a Secured card option as well.
Thanks much!
@EverForward, Sorry for your denial
Have you thought about the Discover Secure card?
It does have perks, and it does un-secure.
I just read where someone got their's un-secured and a CLI
They now have a $2000 limit.
Just throwing out a suggestion.
Discover is also a great card which will have great rewards both while secured and after it graduates, but beware of the possibility of a 4506-T request. They especially seem to be requesting one from people applying for either a second card or a secured card.
@CreditAggie, Excellent point! .. I always forget about that stupid 4506-T
I started with Discover in 1999 and have two cards .. so far I have not been hit with one.
@M_Smart007 Thanks! I thought about Discover, last time I tried their prequal link they declined due to my 2 recent CC, but I may have a better chance at that again now.
@Rebuild2019 Thanks, it's like walking on glass sometimes it seems.
@CreditAggie Thank you, BOA is actually on my list as well. I am thinking I'd need to open an checking/savings with them and let it sit for awhile. I heard about that dreaded 4506-T form, guess it that's what it takes I'll consider them again.
This afternoon, I tried calling my primary FI, 1st Bank, only certain branches offer secured cards, makes me worried, then I learned they quit offering them. I also called a nearby BBVA branch, and spoke with a real person, amazingly refreshing after all the voicemail. She said she could help me with a $500 secured card, and she'd be there to help me when it came time to graduate, in about 12 months, and/or with any additional banking needs. I thought they also had a secured business card but she said no, they do offer business LOC, which I may consider later.
Thanks everyone for the great tips and support!
I just ran through the Discover preapproval link. Preapproved for Secured card. So I fully apped for $500 Discover IT Secured card and it was approved. 
This rounds me up to 3 revolver cards, yeah!
Once the dust settles and shock wears off, I think I'll still app for the $500 Secured card at BBVA. I'm getting tired of this thin profile.
So far, just one HP on EX for Discover, no HP that I've seen yet for PPMC.
@EverForward wrote:Thanks everyone for the great tips and support!
I just ran through the Discover preapproval link. Preapproved for Secured card. So I fully apped for $500 Discover IT Secured card and it was approved.
Once the dust settles and shock wears off, I think I'll still app for the $500 Secured card at BBVA. I'm getting tired of this thin profile.
So far, just one HP on EX for Discover, no HP that I've seen yet for PPMC.
Congratulations on your Discover it secured approval! Enjoy your one year of Cashback Match!
@EverForward wrote:Thanks everyone for the great tips and support!
I just ran through the Discover preapproval link. Preapproved for Secured card. So I fully apped for $500 Discover IT Secured card and it was approved.
Once the dust settles and shock wears off, I think I'll still app for the $500 Secured card at BBVA. I'm getting tired of this thin profile.
So far, just one HP on EX for Discover, no HP that I've seen yet for PPMC.
@EverForward, Great News & Congratulations on your approval! ...
Very Happy for you