Money Tips: Open Checking Account Will Not Increase Chance of Credit Card Approval with Same Bank

Posted On: June 8, 2006

Guest: bullwinkle29
Credit Expert (100+ Posts)
Post subject: Open Checking Account Will Not Increase Chance of Credit Card Approval with Same Bank
Posted: Thu Jun 08, 2006 8:48 am

[quote="spjoink"]thanks girlie,
i think i might apply for that card as well, bof a gave me $19000 on my first card , i make $140 000 and i live in hollywood Ca, so i hope that mnba give me some luv.. [/quote]

what do you do for a living??

Guest: spjoink
Credit Expert (100+ Posts)
Posted: Thu Jun 08, 2006 10:08 pm

i am the general manager for Von Dutch retail usa

Guest: fire3000
Credit Expert (100+ Posts)
Posted: Fri Jun 09, 2006 7:43 am

I take back what I said that opening up a checking account will increase your chance of being approved for a card. I asked this question in person to the vice president and financial specialist of my local Wachovia bank (they issue credit cards that are serviced by MBNA). He definitely said it does not help with approval. However I just received an offer for a new Citi card in the mail (not a pre-approved offer). On the aplication there are check boxes for checking, saving, and “öther” accounts and an adjacent column for the bank name. In that column there is a check box for Citibank. So on this particular credit card aplication having an account with Citi will probably be beneficial.

Guest: ajulius
Posted: Tue Jun 20, 2006 12:44 am

[quote="fire3000"]This year I got approved for my third BOA card and my fourth Chase card. A few years ago I had three MBNA cards. So go ahead and apply to BOA. Once you get the card you can ask them to close one (the least desirable one) and combine the limits if you want to achieve the highest possible limit on a single card. I did this with my MBNA cards and they gave me an incredible credit limit. Opening a checking account at your local BOA branch will increase your chances for approval with a higher limit.[/quote]

Chase preapproved me for 3 different 0% offers with different preapproval codes. Can I apply for 3 at the same time period? I also took an Amex within the same timeframe but I had applied and was approved instantly.

My initial limit with Chase was 20k with a 15k balance. I transferred over the balance to Amex with a 33900 limit.

Now I have:

Chase 0 out of 20k
Chase 15k out of 24600
Amex 15k out of 33900

If I took 2 additional chase cards would they approve such within the same time frame? I just took the 15k one and I didnt know the credit line so I just put in a 0% for 15k and if I look back I should have done it for more right? So I dont know what to do with the other 2 preapprovals.

Any feedback would be appreciative.

Guest: Board Monitor
Board Monitor/ Administrator
Posted: Tue Jun 20, 2006 8:39 am

girlie-

Greetings! Just a quick note to let you know that you account has been upgraded to “Credit Expert” status. Please brag to your friends and family members about your new-found fame and thanks for supporting our board community…
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Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews

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