How to Get Approved For Fixed Rate Credit Cards
Post subject: How to Get Approved For Fixed Rate Credit Cards
Guest: RacieRacer
Posted: Fri May 27, 2005 6:49 pm
Got 2 of those 0% then 7.99% fixed visa platinum by Chase limited time invitations.
Was wondering if you are more likely to get approved on these mail offers where they give you a code to enter if you like to apply online then just randomly applying without one?
However If I got rejected on the Target card, which every one seems to have except me, even people with significantly lower scores, I highly doubt I'll get approved for this card, mail offer or not.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: credithelp
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 7:18 pm
From my experience, when i receive the mailings with the codes i usually got something. Nothing is ever guaranteed though.
Chase mailed me an offer for a platinum card. It had the 0% up to one year and then 7.9 fixed after that. Also the credit limit could be up to 100,000.
I filled it out online and was approved. They only gave me 3 months on the 0% and the interest rate after that is 12.9. The card agreement basically states that they can give me a rate up to 29.9% so im not guaranteed the 12.9 after the intro period.
I didnt get the best terms that they offer and i didnt expect to since i still have some negatives on my report but its a start to build into something better.
Guest: slickytfox
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 8:43 pm
Had an expiration date of July 8. I'm going to wait the month and then try to use the invitation code on the very last day. Gives me two new good months on the CR. I like balance transfer and hope that it'll work out for me then.
Guest: RacieRacer
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 8:59 pm
Mine had date of June 8, wonder if they are all on the 8th of whatever month? Actually had 2, both were on the 8th.
I applied, said would hear decision by mail. However the few cards that I have gotten approval for were by mail......think it has something to do with me moving in past 6 months.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: chaz
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 9:38 pm
I also had an offer from Chase/Circuit City. I had an auto financed with Chase in January. I don't know if that led to the pre-approval or not. BTW, I mailed my app in today.
Good luck with yours.
Guest: CreditCardGuru
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:16 am
I think it does help when you have an auto loan through Chase. I have seen numerous people get pre-approved for generous credit lines after getting an auto loan through them.
I'm the Credit Card Guru, YOU BET
Guest: Shawnee
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 11:13 am
Quote:
However If I got rejected on the Target card, which every one seems to have except me, even people with significantly lower scores, I highly doubt I'll get approved for this card, mail offer or not.
Don't be too sure of that. Target declined me for their Visa card, then sent the guest card. When I tried to activate it, they told me they needed more information which I faxed them. Apparently they didn't like what I sent them, and told me the account would not be opened. In the meantime, AMEX approved me for the Blue at $2000 initially which is now $7200.
The bottom line is Target is funky, don't go by the fact they denied you.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 3:49 pm
"PRE-APPROVED" type offers are "USUALLY" have a better chance for approval...like BONUS POINTS
Guest: guessindigo
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:23 pm
PRE-Approvals have a better chance at approval than COLD applying over the web or phone in.
Guest: slickytfox
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:35 pm
I want to chime in again on my experiences with mail offers.
I have and still work in an industry that maintains close relationships with marketing database companies. With one of our first internet derived promos, I was amazed with the amount of information that can be captured from a single hit from an IP address. The marketing database company shared in a meeting that they would contact the ISP and were allowed simply to get addresses, not names or other information, of subscribers to the ISP and scrub them against a list of potential customers from a particular area. A close rate of only .5% is phenomonal on these types of offers. Expectations are only .15%.
Also, these marketing offers are often formed months before they are actually sent out to the prospect.
For instance, the Chase offer that we recieved may have been solely based on the fact that we applied 3 years ago and were turned down. The marketing company assumes that our credit and financial situations have improved which results in a mailing.
Pre-approved offers are more intensive on the research and usually result in multiple mailings and/or telemarketing in a very short period of time.
Applying this knowledge to offers sent to me also makes me realize that the offer actually sweetens if waiting for the expiration date to respond.
Marketing companies actually track activity from responses to a particular mailing and a positive response to a particular offer may trigger other mailings and or telemarketing. In other words, if you are on the national DO NOT CALL list, you may have unknowingly opted-out of it by responding to a promotion.
I'm all inbound sales now, but when I was on the outbound side when this all started with the DO NOT CALL list, so many loopholes were given to marketing database companies to keep them in business. Still the industry has been losing profits yearly and costing thousands of jobs.
It's a courtship of sort like when the guy won't give up until he actually can taste the pie type of thing, you know?
Simple, if you are desired, you can be picky. If you rarely get these offers, your probably just a test to see if you respond.
Demographics and marketing is fascinating to me.
Guest: JaneiR36
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 1:09 pm
Unless you have perfect credit, Chase pre-approved offers are probably crap! Their ads are, too!
Yeah, that's right. I'm a bitter customer who applied for their "0% for 12 months card"... instead I got 0% for 3 months and 23.99% after that! I'm sure you have other offers in the mail; skip these guys, they're not worth the time it takes to apply!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 5:20 pm
Not for me. Responded to a Chase Plat VISA preapproval, and got 18,000 cl.
Guest: credithelp
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 6:17 pm
I got offers from them for quite a while and they always declined me until i crossed the 700 mark.
If you do well with the card they will most likely lower the interest rate and increase your credit limit. I have a friend who started with a $200 limit chase card two years ago. His rate is now at 12% and his credit limit is 10,000.
Chase seems to be very conservative, especially up front unless you have a really good credit report.
The offer i got from chase wasnt all that impressive but its a start.
Guest: MedSchoolGirl
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Wed Jun 01, 2005 12:57 pm
Shortly before my BK I got a lot of Chase pre-approved offers, but my credit was not good at all. I should have known better but I did finally applied, and of course I was turned down. Then Citibank called me shortly after my BK to have me do a phone application for a card I was preapproved for, naturally I was turned down. My experience with pre-approvals have not been so good. Although, I did get one mail offer that says I was guarentee a card, and I did get that one.
Guest: RacieRacer
Posted: Fri May 27, 2005 6:49 pm
Got 2 of those 0% then 7.99% fixed visa platinum by Chase limited time invitations.
Was wondering if you are more likely to get approved on these mail offers where they give you a code to enter if you like to apply online then just randomly applying without one?
However If I got rejected on the Target card, which every one seems to have except me, even people with significantly lower scores, I highly doubt I'll get approved for this card, mail offer or not.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: credithelp
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 7:18 pm
From my experience, when i receive the mailings with the codes i usually got something. Nothing is ever guaranteed though.
Chase mailed me an offer for a platinum card. It had the 0% up to one year and then 7.9 fixed after that. Also the credit limit could be up to 100,000.
I filled it out online and was approved. They only gave me 3 months on the 0% and the interest rate after that is 12.9. The card agreement basically states that they can give me a rate up to 29.9% so im not guaranteed the 12.9 after the intro period.
I didnt get the best terms that they offer and i didnt expect to since i still have some negatives on my report but its a start to build into something better.
Guest: slickytfox
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 8:43 pm
Had an expiration date of July 8. I'm going to wait the month and then try to use the invitation code on the very last day. Gives me two new good months on the CR. I like balance transfer and hope that it'll work out for me then.
Guest: RacieRacer
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 8:59 pm
Mine had date of June 8, wonder if they are all on the 8th of whatever month? Actually had 2, both were on the 8th.
I applied, said would hear decision by mail. However the few cards that I have gotten approval for were by mail......think it has something to do with me moving in past 6 months.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: chaz
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Fri May 27, 2005 9:38 pm
I also had an offer from Chase/Circuit City. I had an auto financed with Chase in January. I don't know if that led to the pre-approval or not. BTW, I mailed my app in today.
Good luck with yours.
Guest: CreditCardGuru
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:16 am
I think it does help when you have an auto loan through Chase. I have seen numerous people get pre-approved for generous credit lines after getting an auto loan through them.
I'm the Credit Card Guru, YOU BET
Guest: Shawnee
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 11:13 am
Quote:
However If I got rejected on the Target card, which every one seems to have except me, even people with significantly lower scores, I highly doubt I'll get approved for this card, mail offer or not.
Don't be too sure of that. Target declined me for their Visa card, then sent the guest card. When I tried to activate it, they told me they needed more information which I faxed them. Apparently they didn't like what I sent them, and told me the account would not be opened. In the meantime, AMEX approved me for the Blue at $2000 initially which is now $7200.
The bottom line is Target is funky, don't go by the fact they denied you.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 3:49 pm
"PRE-APPROVED" type offers are "USUALLY" have a better chance for approval...like BONUS POINTS
Guest: guessindigo
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:23 pm
PRE-Approvals have a better chance at approval than COLD applying over the web or phone in.
Guest: slickytfox
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Sun May 29, 2005 5:35 pm
I want to chime in again on my experiences with mail offers.
I have and still work in an industry that maintains close relationships with marketing database companies. With one of our first internet derived promos, I was amazed with the amount of information that can be captured from a single hit from an IP address. The marketing database company shared in a meeting that they would contact the ISP and were allowed simply to get addresses, not names or other information, of subscribers to the ISP and scrub them against a list of potential customers from a particular area. A close rate of only .5% is phenomonal on these types of offers. Expectations are only .15%.
Also, these marketing offers are often formed months before they are actually sent out to the prospect.
For instance, the Chase offer that we recieved may have been solely based on the fact that we applied 3 years ago and were turned down. The marketing company assumes that our credit and financial situations have improved which results in a mailing.
Pre-approved offers are more intensive on the research and usually result in multiple mailings and/or telemarketing in a very short period of time.
Applying this knowledge to offers sent to me also makes me realize that the offer actually sweetens if waiting for the expiration date to respond.
Marketing companies actually track activity from responses to a particular mailing and a positive response to a particular offer may trigger other mailings and or telemarketing. In other words, if you are on the national DO NOT CALL list, you may have unknowingly opted-out of it by responding to a promotion.
I'm all inbound sales now, but when I was on the outbound side when this all started with the DO NOT CALL list, so many loopholes were given to marketing database companies to keep them in business. Still the industry has been losing profits yearly and costing thousands of jobs.
It's a courtship of sort like when the guy won't give up until he actually can taste the pie type of thing, you know?
Simple, if you are desired, you can be picky. If you rarely get these offers, your probably just a test to see if you respond.
Demographics and marketing is fascinating to me.
Guest: JaneiR36
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 1:09 pm
Unless you have perfect credit, Chase pre-approved offers are probably crap! Their ads are, too!
Yeah, that's right. I'm a bitter customer who applied for their "0% for 12 months card"... instead I got 0% for 3 months and 23.99% after that! I'm sure you have other offers in the mail; skip these guys, they're not worth the time it takes to apply!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 5:20 pm
Not for me. Responded to a Chase Plat VISA preapproval, and got 18,000 cl.
Guest: credithelp
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Mon May 30, 2005 6:17 pm
I got offers from them for quite a while and they always declined me until i crossed the 700 mark.
If you do well with the card they will most likely lower the interest rate and increase your credit limit. I have a friend who started with a $200 limit chase card two years ago. His rate is now at 12% and his credit limit is 10,000.
Chase seems to be very conservative, especially up front unless you have a really good credit report.
The offer i got from chase wasnt all that impressive but its a start.
Guest: MedSchoolGirl
Post subject: Getting Approved For Fixed Rate Credit Cards
Posted: Wed Jun 01, 2005 12:57 pm
Shortly before my BK I got a lot of Chase pre-approved offers, but my credit was not good at all. I should have known better but I did finally applied, and of course I was turned down. Then Citibank called me shortly after my BK to have me do a phone application for a card I was preapproved for, naturally I was turned down. My experience with pre-approvals have not been so good. Although, I did get one mail offer that says I was guarentee a card, and I did get that one.
posted by CardRatings.com at 4:11 PM
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