Being Denied for a Secured Credit Card
Author: jon8
Posted: Thu Aug 04, 2005 12:13 am
Post subject: Being Denied for a Secured Credit Card
Hi All! I applied for a Bank of America secured credit card but was denied. The reason was "Non-resident alien with no deposit relationship". I am from another country and here on a work visa. If I can't even get a secured card, what're my options? How long should I wait until I can apply again? Thanks
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Author: rain
Posted: Thu Aug 04, 2005 12:23 am
Post subject: Being Denied for a Secured Credit Card
Do you have a social security number? You would need that at minimum to get a credit card.
Author: Polonius
Posted: Thu Aug 04, 2005 1:41 am
Post subject: Being Denied for a Secured Credit Card
The reason was that you are a non-resident alien with no deposit relationship. You can't do anything about the non-resident alien portion, but why not just open a savings account and a checking account and then try again? You'll have that "deposit relationship" at that time...
Author: jon8
Posted: Thu Aug 04, 2005 7:37 am
Post subject: Being Denied for a Secured Credit Card
I have a social security number.
I opened a checking account the same time when I applied the secured credit card. I don't understand why.
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Author: Polonius
Posted: Thu Aug 04, 2005 8:58 am
Post subject: Being Denied for a Secured Credit Card
Informartion about the deposit relationship possibly wasn't in the system yet when your card application was processed. I'd go back to the bank branch with the denial letter and show it to a bank officer, asking for an explanation. Opening a savings account should help as well.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Aug 04, 2005 12:13 am
Post subject: Being Denied for a Secured Credit Card
Hi All! I applied for a Bank of America secured credit card but was denied. The reason was "Non-resident alien with no deposit relationship". I am from another country and here on a work visa. If I can't even get a secured card, what're my options? How long should I wait until I can apply again? Thanks
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: rain
Posted: Thu Aug 04, 2005 12:23 am
Post subject: Being Denied for a Secured Credit Card
Do you have a social security number? You would need that at minimum to get a credit card.
Author: Polonius
Posted: Thu Aug 04, 2005 1:41 am
Post subject: Being Denied for a Secured Credit Card
The reason was that you are a non-resident alien with no deposit relationship. You can't do anything about the non-resident alien portion, but why not just open a savings account and a checking account and then try again? You'll have that "deposit relationship" at that time...
Author: jon8
Posted: Thu Aug 04, 2005 7:37 am
Post subject: Being Denied for a Secured Credit Card
I have a social security number.
I opened a checking account the same time when I applied the secured credit card. I don't understand why.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Thu Aug 04, 2005 8:58 am
Post subject: Being Denied for a Secured Credit Card
Informartion about the deposit relationship possibly wasn't in the system yet when your card application was processed. I'd go back to the bank branch with the denial letter and show it to a bank officer, asking for an explanation. Opening a savings account should help as well.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:39 PM
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