Credit Cards

Credit Scores Approved and Denied Credit cards

  • Last Updated:
  • Oct 20th, 2018 6:54 pm
Tags:
None
[OP]
Jr. Member
Oct 19, 2015
187 posts
52 upvotes

Credit Scores Approved and Denied Credit cards

I'm sure this has been posted somewhere. But I think this is a curious question on many people's minds. What are your CREDIT SCORES when you are getting APPROVED OR DENIED for credit cards (name the banks ofcourse and the credit score from TRANSUNION or EQUIFAX). And if you know as well your utilization...

I'm assuming most people above 700 are approved most of the time.
500s people?
600s people?
700s people?
800s?


Thanks
Thread Summary
2530 replies
Jr. Member
User avatar
Jul 30, 2015
190 posts
61 upvotes
24 years old here, had credit card since 18, all accounts always fully paid on time. Only one small car loan.

Have been approved for the following;

BMO World Elite MasterCard
TD Visa Infinite
American Express Gold

Has never been denied, but I always had a Equifax credit score of more than 700. At least 10k limit on those cards as well.
Deal Expert
User avatar
Jan 27, 2004
39047 posts
3430 upvotes
T.O. Lotto Captain
I'm in the high 600's... I get approved for easy stuff like credit cards.
But I have a tough time with unsecured loans... Luckily, I already have a $15k LOC @ 3.95%
It would have been nice to raise it to $25k though...
Jr. Member
Oct 1, 2015
135 posts
14 upvotes
Halifax, NS
23 years old

Last credit score by Equifax was above 740

Approved by PC, CIBC, BMO

I had a hard time getting my first credit card though, probably due to 0 credit history and ended up getting denied a couple times.
Basically if you are 750+ (with the right income) I think you would be approved for anything you want. 600 and below you might run into problems depending on what you're trying to get.
[OP]
Jr. Member
Oct 19, 2015
187 posts
52 upvotes
UrbanPoet wrote:
Apr 6th, 2016 9:14 am
I'm in the high 600's... I get approved for easy stuff like credit cards.
But I have a tough time with unsecured loans... Luckily, I already have a $15k LOC @ 3.95%
It would have been nice to raise it to $25k though...
WOw. UrbanPoet, 600s with LOC at that rate. GOOD FOR YOU. Did have had the LOC when you were in the 700s? Or was it given to you in the 600s?
[OP]
Jr. Member
Oct 19, 2015
187 posts
52 upvotes
Thanks Tay12345,

I've seen these threads. But I just wanted to do something where peoples situations Denied or Approved are. Its a question that people randomly ask and the answers are all over.
Deal Fanatic
User avatar
Nov 13, 2008
6122 posts
984 upvotes
Fort Saskatchewan
Only thing ive ever been denied for in the last 15 or so years was an Amex. They were too picky for me. I had made a late payment on something once like 6 years before I applied.I dont really apply for a lot other than flipping mbna cards for bonus, but Im pretty much always approved. score fluctuates between 675-750 or so (I usually check yearly)
˙dlǝɥ ɹoɟ ǝɯ WԀ oʇ ǝɯoɔlǝʍ lǝǝℲ ˙spɹolɹǝʌO pℲɹ ʎɯ ɟo ǝɔᴉʌɹǝs uᴉ ƃuᴉʇɐɹǝpoW ʎlᴉddɐH
Deal Addict
User avatar
Feb 28, 2005
2577 posts
716 upvotes
Montreal
790 here

Just got denied from Tangerine CC

wth
Deal Expert
User avatar
Jan 27, 2004
39047 posts
3430 upvotes
T.O. Lotto Captain
DennisK272337 wrote:
Apr 6th, 2016 12:21 pm
WOw. UrbanPoet, 600s with LOC at that rate. GOOD FOR YOU. Did have had the LOC when you were in the 700s? Or was it given to you in the 600s?
I cheated... The LOC I got is from the F.I. i work at... As a regular joe off the street, I probably would have gotten 8%... But the employee discount is Prime + 1.25
Sr. Member
Jul 17, 2013
584 posts
91 upvotes
Greenwich, CT
Unless you are applying for something for which you don't qualify (minimum income level), you should never be denied. If you are, then you've got better things to do than hanging around RFD hunting for deals.

I've probably applied for 15+ cards. Never been denied.

My score fluctuates between 700-800+
[OP]
Jr. Member
Oct 19, 2015
187 posts
52 upvotes
UrbanPoet wrote:
Apr 6th, 2016 3:23 pm
I cheated... The LOC I got is from the F.I. i work at... As a regular joe off the street, I probably would have gotten 8%... But the employee discount is Prime + 1.25
LOL. Makes a lot of sense. Thats low. Get me that one please. lol
[OP]
Jr. Member
Oct 19, 2015
187 posts
52 upvotes
DennisK272337 wrote:
Apr 5th, 2016 10:21 pm
I'm sure this has been posted somewhere. But I think this is a curious question on many people's minds. What are your CREDIT SCORES when you are getting APPROVED OR DENIED for credit cards (name the banks ofcourse and the credit score from TRANSUNION or EQUIFAX). And if you know as well your utilization...

I'm assuming most people above 700 are approved most of the time.
500s people?
600s people?
700s people?
800s?


Thanks
Just want to post my situation. I'm a construction business owner. I'd say getting close to medium size. 2010-2011 went through rough patch. Been clean since then (credit wise. LOL. not drugwise). Score in the mid 600s because of 2010-2011 mess and credit pulls for company personal guarantee and some personal pulls. Business now makes just over 750k revenue looking like this year and I pay myself 70k a year.


Been with BMO since that mess. They've never offered me anything or approved me for anything. CIBC has though. 3 high limit cards with them.
Deal Addict
User avatar
Sep 14, 2008
1663 posts
252 upvotes
Been building credit since 2005.
First card aeroplan visa from CIBC. Now converted to dividend no fee.
Also have PC world elite, Mbna RWE, Mbna platinum plus, capital 1 aspire cash.
Credit score never been below ( since I started monitoring 3 years ago) 754 and now at 778. Never missed a payment; always paid at least the minimum due. Usually never carry a balance.
Never been denied mortgage approval or credit cards I've applied for. Mostly cus everyone on rfd makes six figures ;)
Member
User avatar
Sep 25, 2015
222 posts
76 upvotes
Newcastle, ON
marc_t wrote:
Apr 6th, 2016 2:50 pm
790 here

Just got denied from Tangerine CC

wth
My wife has a similar score and was also denied for a Tangerine CC. We attributed it to her accurately stating her income as $4,000.. They don't let you list household income as a factor, unfortunately. What income did you list, if you don't mind sharing? We're gonna try again in 6 months or so.
No trees were harmed as a result of transmitting this message; however, a large number of electrons were terribly inconvenienced.

Top