Credit Tips: Apply Online for Credit Card with Instant Approval

Posted On: November 1, 2004

Author: Guest
Guest
Posted: Tue Dec 16, 2003 3:33 pm
Post subject: On-Line Instant Approvals

I currently have a Discover with a $20,000 limit. If I apply for a Discover Card is it possible that the system would instantly approve me for another one and say give me a card for $10K then I can call up 2 months laster and ask them to combine both accts to my older acct? My basic question is if I got a bank card like Discover, AMEX or Chase (all of which have instant approvals) would the instant approval system detect my exisiting credit lines or will it slip by and allow the system to approve me if my credit rating says to approve me?

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Credit Tips: Apply Online for Credit Card with Instant Approval

Posted On:

Author: Verne
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 14 May 2003
Posts: 480
Location: Midwest
Posted: Fri Dec 12, 2003 12:15 am

After trying to resurrect my old Fleet and National City credit card accounts and told I would have to reapply, and after I reapplied with National City and was turned down, I went hunting for a new card I thought might be easier to catch. With 99% credit utilization and a recent inquiry, I was hesitant to apply for anything. But my scores are EXP 726, EQU 696, TU 736 and I have a long credit history free of derogs, so I thought I would give Citibank a shot. Their Illumina card looked to be the one with the lowest requirements: $12,000 annual income and a possible $500 starting credit limit. Even their online application was only a page and a half whereas others I’ve seen go on for five pages. Anyway it said “instant response” (in 60 seconds), so I submitted my application and waited. At first the seconds turned to minutes and the minutes turned to hours and eventually time stood still. After an eternity, fermented sugar plums dancing in my head, broke the spell. I then became a little giddy, drunk with delusions of huge credit limits and wild spending for what seemed like several seconds. When the mania subsided I entertained myself reciting the words to “Up on the Housetop” and checking to see whether the refrigerator light still worked. After about 30 seconds, I lapsed into paralyzing anxiety with acute borrower’s remorse. Wishing I could take back, undo the application, but it was too late. Finally after another 10 seconds I was notified that my answer would be sent to my street address. That don’t sound good at all, it really don’t.

Verne

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