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US bank secured

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Established Contributor

US bank secured

Hello , well I applied for the Secured card again and I just want to get in with the bank anyway possible . Appd on July 01 and called today and spoke to the analyst . He stated it is in verification . Is this good or bad ?
Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 1 of 18
17 REPLIES 17
Community Leader
Super Contributor

Re: US bank secured


@texasman07 wrote:
Hello , well I applied for the Secured card again and I just want to get in with the bank anyway possible . Appd on July 01 and called today and spoke to the analyst . He stated it is in verification . Is this good or bad ?

Verification a good thing because it's not a denial. 

 

Why not apply for unsecured card from them, though? 

If their secured cards go through same manual review, they might wonder why you're applying for considering your other cards 

EX 753 EQ 769 TU 755
Message 2 of 18
Established Contributor

Re: US bank secured

I did apply for the unsecured first . I got a denial letter but this time, at the very bottom of the letter it said , “ we would like to take this opportunity to tell you about a US bank secured visa ...”
Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 3 of 18
Senior Contributor

Re: US bank secured


@texasman07 wrote:
I did apply for the unsecured first . I got a denial letter but this time, at the very bottom of the letter it said , “ we would like to take this opportunity to tell you about a US bank secured visa ...”

Yeah they offered that to me too but it's a slap in the face IMO. 


Scores 1/2019:
Scores 7/2019:

Hover over my cards to see my limits!
Goal cards:
Message 4 of 18
Established Contributor

Re: US bank secured

Oh no . What do you mean ? Is that just a generic thing they put in the letters.
Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 5 of 18
Contributor

Re: US bank secured

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.

 


@texasman07 wrote:
I did apply for the unsecured first . I got a denial letter but this time, at the very bottom of the letter it said , “ we would like to take this opportunity to tell you about a US bank secured visa ...”

What were the reasosn for the denial?  INQ? Accounts? or something else?

 

I see NO reason you should be applying for a secured card with anyone at this point.  Did you call them to manually review the first app?  What was the first app for?  What does your activity look like for new accounts/apps for the last 6-12 months?

 

500K+ TCL / 800+ FCOs
Message 6 of 18
Senior Contributor

Re: US bank secured


@texasman07 wrote:
Oh no . What do you mean ? Is that just a generic thing they put in the letters.

I would imagine it probably goes on all of them. 

I would never apply for a secured card with the cards in my signature, much less with the cards you have in yours. I would just stop applying for 6-9 months and try again. 


Scores 1/2019:
Scores 7/2019:

Hover over my cards to see my limits!
Goal cards:
Message 7 of 18
Established Contributor

Re: US bank secured

Okay thanks all
Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 8 of 18
Valued Contributor

Re: US bank secured


@Obscure-Expert wrote:

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.

 


@texasman07 wrote:
I did apply for the unsecured first . I got a denial letter but this time, at the very bottom of the letter it said , “ we would like to take this opportunity to tell you about a US bank secured visa ...”

What were the reasosn for the denial?  INQ? Accounts? or something else?

 

I see NO reason you should be applying for a secured card with anyone at this point.  Did you call them to manually review the first app?  What was the first app for?  What does your activity look like for new accounts/apps for the last 6-12 months?

 


^ I concur, unless your profile is a trainwreck of lates and some lowFICOs (or bad information on Sagestream), I can't imagine why you'd need a secure card with them.

*I* have one, but I had no reporting positive lines and scores at the mid500s when I got it.




Garden goal: Completely clean reports and a gold spade (which, at my current rate, is never going to happen...)
Message 9 of 18
Established Contributor

Re: US bank secured

Just called and it’s still in verification 😞
Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 10 of 18