Instant Credit Card Approvals
Author: danno
Posted: Wed Jul 07, 2004 12:37 pm
Post subject: Instant Credit Card Approvals
2/24/2002 6:03 pm CDT
With good credit (FICO score of 723), I first applied at Juniper and got an instant response and a credit denial for having too few accounts (I have 2 and no lates).
I then tried both AMEX Blue and Capital One Platimum. They allow you to apply online, but both give the same response "cannot approve online, must wait for decision 7-10 days". I'm sure this means denial as well, but is probably deliberately done this way so they can capture personal info and SELL IT.
I suspect all of these so-called 'instant approvals' credit card issuers operate the same way. I've tried in the past calling them in advance to find out if I would qualify, but they are taught to withhold this info and lie and claim that they are not allowed to do that.
Any suggestions on how to find out in advance on if one can qualify for a top-grade credit card without piling up inquiries (which, of course, lower your credit score)?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Wed Jul 07, 2004 12:38 pm
Post subject: Instant Credit Card Approvals
2/24/2002 9:13 pm CDT
Juniper DENIED 3 times, will NEVER try again.
Low F.I.C.O. 685.
Income $100,000+
Oldest accounts late 70's.
Author: Dani
Posted: Wed Jul 07, 2004 12:38 pm
Post subject: Instant Credit Card Approvals
2/25/2002 10:15 am CDT
Applying online was set up as a convenience for potential creditors to apply without having to deal with phone reps and written applications. Some companies probably do sell the information that they collect, but I know Juniper does not sell your personal information. For Juniper approval you need a high FICO score 700+, at least one credit line that is 4-5 years or older, and an excellent credit report (no lates, derogs, BKs...ever). You also need very few inquiries in the prior 6 months (same goes with Amex). *There are exceptions to these requirements...basically they just draw a name out of a hat.
You didn't mention which credit cards you were carrying or how long you had them. It takes many years to build a good credit report. My advice is if you're trying to get into prime terrority (or you're already there, and just want more prime cards) is to get your foot in the door with the company. For Amex try their Green charge card or Delta Skymiles card (both pretty easy to get with a decent credit history). In a year you can upgrade to Optima, Blue, or Gold. Also, MBNA, Bank of America, Chase, and Citibank are good prime companies to try, too.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Wed Jul 07, 2004 12:37 pm
Post subject: Instant Credit Card Approvals
2/24/2002 6:03 pm CDT
With good credit (FICO score of 723), I first applied at Juniper and got an instant response and a credit denial for having too few accounts (I have 2 and no lates).
I then tried both AMEX Blue and Capital One Platimum. They allow you to apply online, but both give the same response "cannot approve online, must wait for decision 7-10 days". I'm sure this means denial as well, but is probably deliberately done this way so they can capture personal info and SELL IT.
I suspect all of these so-called 'instant approvals' credit card issuers operate the same way. I've tried in the past calling them in advance to find out if I would qualify, but they are taught to withhold this info and lie and claim that they are not allowed to do that.
Any suggestions on how to find out in advance on if one can qualify for a top-grade credit card without piling up inquiries (which, of course, lower your credit score)?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Wed Jul 07, 2004 12:38 pm
Post subject: Instant Credit Card Approvals
2/24/2002 9:13 pm CDT
Juniper DENIED 3 times, will NEVER try again.
Low F.I.C.O. 685.
Income $100,000+
Oldest accounts late 70's.
Author: Dani
Posted: Wed Jul 07, 2004 12:38 pm
Post subject: Instant Credit Card Approvals
2/25/2002 10:15 am CDT
Applying online was set up as a convenience for potential creditors to apply without having to deal with phone reps and written applications. Some companies probably do sell the information that they collect, but I know Juniper does not sell your personal information. For Juniper approval you need a high FICO score 700+, at least one credit line that is 4-5 years or older, and an excellent credit report (no lates, derogs, BKs...ever). You also need very few inquiries in the prior 6 months (same goes with Amex). *There are exceptions to these requirements...basically they just draw a name out of a hat.
You didn't mention which credit cards you were carrying or how long you had them. It takes many years to build a good credit report. My advice is if you're trying to get into prime terrority (or you're already there, and just want more prime cards) is to get your foot in the door with the company. For Amex try their Green charge card or Delta Skymiles card (both pretty easy to get with a decent credit history). In a year you can upgrade to Optima, Blue, or Gold. Also, MBNA, Bank of America, Chase, and Citibank are good prime companies to try, too.
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 12:32 PM
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