I applied for the My GM Rewards Card because this is one of the cards that allows you to do so with a soft pull, and I heard you'd have the option to review the offer and see the CL before actually accepting.
My scores are below what I see the average score is for approval (according to https://helpmebuildcredit.com/creditcard/my-gm-rewards-card/), so I fully understand why I was rejected.
I figured I'd share the specific reasons I was given in case they are helpful for anyone else. Of course, there is limited risk in applying to find out for yourself. I am not disappointed as I was just approved for a Paypal credit card with a $6,500 limit that energizes me.
These are the reasons I couldn't get the GM card:
- Your TransUnion credit report shows you have recently been reported as past due on one or more account(s) with another credit issuer or lender.
- We couldn't find sufficient information on secured installment accounts within your TransUnion credit report.
- You have a low credit limit and insufficient payment history on your existing accounts within your TransUnion credit report.
Enjoy the knowledge from my rejection!
@Larzipan wrote:I applied for the My GM Rewards Card because this is one of the cards that allows you to do so with a soft pull, and I heard you'd have the option to review the offer and see the CL before actually accepting.
My scores are below what I see the average score is for approval (according to https://helpmebuildcredit.com/creditcard/my-gm-rewards-card/), so I fully understand why I was rejected.
I figured I'd share the specific reasons I was given in case they are helpful for anyone else. Of course, there is limited risk in applying to find out for yourself. I am not disappointed as I was just approved for a Paypal credit card with a $6,500 limit that energizes me.
These are the reasons I couldn't get the GM card:
- Your TransUnion credit report shows you have recently been reported as past due on one or more account(s) with another credit issuer or lender.
- We couldn't find sufficient information on secured installment accounts within your TransUnion credit report.
- You have a low credit limit and insufficient payment history on your existing accounts within your TransUnion credit report.
Enjoy the knowledge from my rejection!
I wouldn't worry too much about this one, GS wants to get out of the credit card game, I would be surprised if they are taking any new accounts
