MeganML84 wrote:Declined =(I figured it would because Gap is such a stickler about having good scores but I thought with Christmas around the corner they would be a little generous. Stupid inquiry.On a happier note, I was approved for an Express (clothes store) card. Don't know the limit yet, probably crappy. Win some, lose some I guess.EQ- 637 EX- 633 TU- 600
nfg wrote:I was denied by them a couple of years ago. The sales lady was really nice and let me in on what she called an "industry secret" Apparently, a lot of people try and open up credit cards around the holidays so the issuers can afford to be a little bit pickier. She went on to say that a better time to apply was in the middle of the year (June, July) because there aren't as many requests for new cards so they take what they get.
Brammy wrote:That is mostly true. Standards tighten around the holidays, not to be picky but to reduce risk of maxed out cards that will never be paid. Most people who have established credit don't generally apply around the holidays, its just that most debt comes around Xmas and most credit counseling services as a result of that debt comes within the 6 mos following. People don't generally think when buying gifts. I actually applied for Cap1 last year before holiday time, thought it was very funny that it took them over a month to get the card out the door. just in time to miss Xmas...lol!
Message Edited by Brammy on 11-09-2007 05:09 PM