Simmons Bank Rewards VS Denial

[Anonymous]

Denied for the Simmons Bank Rewards Visa Signature. Talked to underwriting, reason for denial was I didn't have two accounts reporting a year each of payment history. That's because my student loans have only been reporting for five months. Good news for anyone else applying is that you don't have to have a credit card, just two positive accounts.

[Anonymous]

I don't think the accounts have to be open either as long as they have 12 month payment history. UW told me I only had one account on my credit report that counted, and it was a closed credit card.

[Meanmchine]

You do know you need 785+ scores for Simmons Bank Visas.  They are an EXTREMELY hard card to get you have CLEAN files with some history attaced

[Anonymous]

They didn’t mention anything about a minimum credit score to me. Just the above was why I was denied was what I was told by underwriting.

[CreditCuriosity]

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@Meanmchine wrote:

You do know you need 785+ scores for Simmons Bank Visas.  They are an EXTREMELY hard card to get you have CLEAN files with some history attaced

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Knew they were tough although not certain about the min score you mentioned. Can you back that score up with a source?  I could of sworn I have seen people get approved for them with lesser scores.  Honestly they aren't that great of card compared to CU cards that kinda spank them w/regards to APR's and limits, but I admit I eventually want one of there cards to say "I have made it" in my rebuild and to end a chapter in my life.  Have a branch about 1/4 mile down the street but waiting for my last late payments to fall off later this year.  Whether I have too much credit for them is another story

[Meanmchine]

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@CreditCuriosity wrote:

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@Meanmchine wrote:

You do know you need 785+ scores for Simmons Bank Visas.  They are an EXTREMELY hard card to get you have CLEAN files with some history attaced

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Knew they were tough although not certain about the min score you mentioned. Can you back that score up with a source?  I could of sworn I have seen people get approved for them with lesser scores.  Honestly they aren't that great of card compared to CU cards that kinda spank them w/regards to APR's and limits, but I admit I eventually want one of there cards to say "I have made it" in my rebuild and to end a chapter in my life.  Have a branch about 1/4 mile down the street but waiting for my last late payments to fall off later this year.  Whether I have too much credit for them is another story

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@CreditCuriosity wrote:

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@Meanmchine wrote:

You do know you need 785+ scores for Simmons Bank Visas.  They are an EXTREMELY hard card to get you have CLEAN files with some history attaced

---

Knew they were tough although not certain about the min score you mentioned. Can you back that score up with a source?  I could of sworn I have seen people get approved for them with lesser scores.  Honestly they aren't that great of card compared to CU cards that kinda spank them w/regards to APR's and limits, but I admit I eventually want one of there cards to say "I have made it" in my rebuild and to end a chapter in my life.  Have a branch about 1/4 mile down the street but waiting for my last late payments to fall off later this year.  Whether I have too much credit for them is another story

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Couple years back there were a couple of articles/blogs I came accross when I was dreaming about this card

https://www.financeglobe.com/credit-cards/card-application/AppStatusID-1683/

This was one of them

The other one which I cant find ATM was an article (Forbes I swore ) listing the hardest credit cards to acquire. I remember #1 was Bank of Dubai with Simmons being about 12th

or so. They stressed 775 (IIRC).

Ill  continue to try to find this for you

[FinStar]

@CreditCuriosity, if Simons UW determines you already have too much available credit, similar to First Tech, they will not approve the application. Folks with even 800+ scores have been denied in the past. Very conservative bank.

Worst case scenario they approve you for something in the neighborhood of $1K to $3K. And we know how you felt when you were approved by USB a while back with a low SL 😜

A family member has one of their cards, and other than it being Simons with a low APR, it's nothing really too exciting (at least for me) to even get me to apply.