Elan Max Cash CC Approval

[rgate88]

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@_bobby_lee wrote:

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@Ficoproblems247 wrote:

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@_bobby_lee wrote:

Very helpful.

I, too, just got an immediate approval message after applying earlier today but have not received any confirmation calls/emails of any kind, albiet it is the weekend, but I have that "will it get declined" anxiety since I was applying through a local credit union that I am not a member of... Thanks for sharing your story, and congrats! I will wait another day and perhaps go ahead and call them and offer any info they may want to verify my identity.

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@_bobby_lee when you receive all of the info and your SL from the CU you applied at/from Elan, you should create a new post in the approvals section detailing the DPs surrounding your approval, everyone watching these Elan cards will be appreciative. Congrats on your new card! 

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@Ficoproblems247will do! They did give me a number, which was $12.5k, and an APR of 17.--%, and said they would send a confirmation email, which I haven't received yet.. (it's been about 5 hours since I applied) so yeah, I just don't want to count my chickens yet but I am hopeful since they gave me numbers. I wish I had taken a screen shot of the page.

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I didn't get mine until the day after so don't sweat it. I applied in the afternoon and it came overnight. 

@Anonymous No worries brother, no issues here

[Anonymous]

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@DaveInAZ wrote:

There's a thread in the CC Approvals Forum by Aim_High describing the "Max Cash" credit card issured & managed by Elan Financial:

Elan "Max Cash" -vs- US Bank Cash+

Elan is owned by US Bank and manages credit cards for dozens of smaller banks and credit unions. Elan issues a "Max Cash" CC which is pretty much identical to US Bank's Cash+ card, which offers several categories from which you chose 2 for 5% cashback rewards quarterly, plus 1 choice for 2% rewards. US Bank can be restrictive on approvals, and some feel Elan is less restrictive.

So, my approval:

Received my approval email this morning from Elan for the Max Cash Mastercard issued on behalf of the First National Bank of Texas,  $14,900 CL. Elan pulled TU for me in AZ, my TU Fico 8 score was around 740, no new credit accounts or inquiries since Feb. 2020.

The thing is while First nat'l. Bank of TX has branches in AZ I have never had an account with them. I applied for the Max Cash through them as from Aim_High's list they're one of the few FIs that issue the card as a Mastercard, I preferred the MC version as I pay my mortgage & other things through Plastiq and you can't use a Visa to pay a mortgage, home equity, and several other things on Plastiq. Also, I've had the US Bank Cash+ card since Feb. 2020, I wanted the Elan card for additional 5% spend categories.

An interesting point: I applied Monday 1/18 and got a "under review" message. 4 days later with no email I thought they might have declined me when they found I had no accounts with First Nat'l bank TX. But Friday afternoon I got a phone call from Elan security dept. (while driving on a freeway, thank goodness for Bluetooth hands free!). After verifying my personal info the rep asked if I had applied while I "was travelling". Confused, I told her no, I applied on my home desktop PC. Then it hit me, I live on a rural 10 acre property and my only options for internet is wireless. Last fall I switched to T-Mobile Home Internet, much better & faster internet than a local company I had been using. But after the switch I noticed that internet ads that try to personalize by inserting your IP geo location place me in Anaheim CA, apparently where T-Mobile has their internet hub. So I explained this to the rep who was satisfied and confirmed my app indicated I had applied from Anaheim, and said she would send my app to Underwriting, next morning I got my approval email.

So, apparently you don't need accounts at a bank/CU you want the card issued on behalf of, Elan handles all apps & decisions. And they track your IP geo location.

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WOW Thank you Thank you Thank you so much for these valuable info !! 

First I never thought Geo is a matter, sometime I use cell phone to surf the web and apply when Im at home which could trigger them im away from home apply and denied me, 2nd I thought we must need an account in that bank to apply for MCP card. I thought that bank is the one who underwrite give credit limit make decsion on approval or denied, I didnt know actually Elan is the one who make credit decsion and limit amount, i learnt big lesson from you. Thank you so much