Credit Tips: Instant Approval Credit Card Application

Posted On: July 1, 2005

Author: Verne
Title: Instant Approval Credit Card Application
Date: 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

Author: Nightstar
Title: Instant Approval Credit Card Application
Date: Fri Dec 12, 2003 8:23 am

Sorry to hear that Verne, all hope is not lost, but you might be right.

I have seen people get that response and still get the card, but usually something was in the way, like some people trying to apply for credit when they have fraud alert or something else unknown of that nature.

Also wonder if you can just call in to customer service and manually ask for their reply to the application, or to ask which card of theirs would you quality for. Know that is not unheard of people doing.

Author: Guest
Title: Instant Approval Credit Card Application
Date: Sat Dec 13, 2003 3:20 am

Verne, they might set up a standard FICO score for instant approval. If you are not approved instantly, they might probably deny you with the reasons stated as negative factors in your credit report. I applied CITI cards but I was denied and got a letter stating that their credit approval was based on FICO scoring system. Check your FICO score first and then apply the card. So you might not be ended up with too many inquiries in your credit report.

Author: Guest
Title: Instant Approval Credit Card Application
Date: Sat Dec 13, 2003 12:50 pm

Citi does not make decisions based on FICO, there is an internal scoring system used for that purpose. All the 7 day message means is that a few things need to be verified and once that is complete, your approved.