Personal Finance

Got refused for an Amazon.ca Rewards Visa Card from Chase. Do I have a bad credit?

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  • Jan 26th, 2013 9:38 am
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[OP]
Newbie
User avatar
Jul 6, 2009
56 posts
36 upvotes

Got refused for an Amazon.ca Rewards Visa Card from Chase. Do I have a bad credit?

I am a student still living with my parents and have around 15k in bank.
I work every summer making around 8-12k.
I already have a desjardin visa card for student. I pay the whole amount I spend every month.

I will be doing a semester abroad in Korea, I was intending to apply for a credit card with no foreign currency transaction fee.

I applied for an Amazon.ca Rewards Visa Card from Chase few days ago.
Does it means I have a bad credit score?
Is there any other credit card that offer no foreign currency transaction fee which I could get?
34 replies
Deal Addict
Dec 5, 2006
3437 posts
200 upvotes
Markham
Ryulink wrote:
Nov 28th, 2012 9:39 pm
I am a student still living with my parents and have around 15k in bank.
I work every summer making around 8-12k.
I already have a desjardin visa card for student. I pay the whole amount I spend every month.

I will be doing a semester abroad in Korea, I was intending to apply for a credit card with no foreign currency transaction fee.

I applied for an Amazon.ca Rewards Visa Card from Chase few days ago.
Does it means I have a bad credit score?
Is there any other credit card that offer no foreign currency transaction fee which I could get?
sears MC
Sr. Member
Dec 14, 2004
580 posts
15 upvotes
Waterloo
You don't necessarily have bad credit; speaking from experience and what others have said, Chase seems to be very stingy with credit. For example, MBNA is willing to give me huge limits, that are upwards of $20K, but Chase would only give me $6K on this card. Based on this, it's no surprise to me, that they declined your application.
Member
Jan 8, 2006
450 posts
57 upvotes
Try to get Sears Mastercard, much more ease. No foreign transaction fee.
Banned
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Dec 1, 2011
2427 posts
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Winnipeg
bon wrote:
Nov 28th, 2012 9:51 pm
Try to get Sears Mastercard, much more ease. No foreign transaction fee.
smartie wrote:
Nov 28th, 2012 9:45 pm
sears MC
Sears MasterCard is also issued by Chase. What makes you think OP can get approved for one card from Chase when he/she has already been declined for a card by Chase?. I doubt there are different score requirements among Chase's cards. It's not like they carry any premium cards. Maybe OP has some lates reported on their bureau? Maybe the income reported wasn't acceptable? Too many recent inquiries?? Could be anything. I wouldn't app for another Chase card though.
Can you believe it? They sent my income tax return forms back to me! In response to question # 4, "Do you have any dependants?" I replied - "2.1 million illegal immigrants, 1.1 million crack heads, 4.4 million unemployable people, 901 thousand people in over 85 prisons, and 650 idiots in Parliament.
Apparently, this was NOT an acceptable answer.

Who the hell did I miss? :razz:
Banned
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Dec 1, 2011
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Winnipeg
mre wrote:
Nov 28th, 2012 9:50 pm
You don't necessarily have bad credit; speaking from experience and what others have said, Chase seems to be very stingy with credit. For example, MBNA is willing to give me huge limits, that are upwards of $20K, but Chase would only give me $6K on this card. Based on this, it's no surprise to me, that they declined your application.
20k on any card is nothing but irresponsible of the issuer, no matter what your income or credit rating.
Can you believe it? They sent my income tax return forms back to me! In response to question # 4, "Do you have any dependants?" I replied - "2.1 million illegal immigrants, 1.1 million crack heads, 4.4 million unemployable people, 901 thousand people in over 85 prisons, and 650 idiots in Parliament.
Apparently, this was NOT an acceptable answer.

Who the hell did I miss? :razz:
Deal Addict
User avatar
Aug 1, 2008
1540 posts
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in the last months, Chase refused me for an Amazon.ca credit card but MBNA gave me a new MBNA Rewards Travel with 9k credit limit.

Who knows why...
I feel the need... the need for speed.
Deal Addict
Dec 5, 2006
3437 posts
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Markham
wayne74 wrote:
Nov 28th, 2012 10:05 pm
Sears MasterCard is also issued by Chase. What makes you think OP can get approved for one card from Chase when he/she has already been declined for a card by Chase?. I doubt there are different score requirements among Chase's cards. It's not like they carry any premium cards. Maybe OP has some lates reported on their bureau? Maybe the income reported wasn't acceptable? Too many recent inquiries?? Could be anything. I wouldn't app for another Chase card though.
different product might have different scenarios. not only score,but also income and etc. besides,as other said,it doesn't necessarily because bad credit
Banned
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Dec 1, 2011
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Winnipeg
smartie wrote:
Nov 28th, 2012 10:32 pm
different product might have different scenarios. not only score,but also income and etc. besides,as other said,it doesn't necessarily because bad credit
Yes I agree it's not necessarily bad credit. It could very well be too many inquiries, too high balances on existing credit, income reported....list goes on. Again, Chase doesn't issue any premium cards, like World, Platinum etc...so I doubt there are different credit requirements for all of their cards. Well with the exception of Best Buy and Futureshop retail cards maybe, which they also issue.
Can you believe it? They sent my income tax return forms back to me! In response to question # 4, "Do you have any dependants?" I replied - "2.1 million illegal immigrants, 1.1 million crack heads, 4.4 million unemployable people, 901 thousand people in over 85 prisons, and 650 idiots in Parliament.
Apparently, this was NOT an acceptable answer.

Who the hell did I miss? :razz:
Banned
User avatar
Dec 1, 2011
2427 posts
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Winnipeg
Bomberman07 wrote:
Nov 28th, 2012 10:17 pm
in the last months, Chase refused me for an Amazon.ca credit card but MBNA gave me a new MBNA Rewards Travel with 9k credit limit.

Who knows why...
Some issuers are sticklers. Chase just happens to be one of them from what I hear. I don't have any of their cards, and no intention of ever having one.
Can you believe it? They sent my income tax return forms back to me! In response to question # 4, "Do you have any dependants?" I replied - "2.1 million illegal immigrants, 1.1 million crack heads, 4.4 million unemployable people, 901 thousand people in over 85 prisons, and 650 idiots in Parliament.
Apparently, this was NOT an acceptable answer.

Who the hell did I miss? :razz:
Deal Addict
Dec 5, 2006
3437 posts
200 upvotes
Markham
Is possible at least call them and ask why? it doesn't hurt.
Deal Expert
Mar 25, 2005
20360 posts
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Did you declare your occupation as a student? I had no issues with the card and received a fair limit. How old is your credit profile?
Banned
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Dec 1, 2011
2427 posts
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Winnipeg
Just looked at the app requirements, and they require an annual household income of at least $15,000. So if OP used his/her own annual income only, and not household, than that may be the reason for the decline.
Can you believe it? They sent my income tax return forms back to me! In response to question # 4, "Do you have any dependants?" I replied - "2.1 million illegal immigrants, 1.1 million crack heads, 4.4 million unemployable people, 901 thousand people in over 85 prisons, and 650 idiots in Parliament.
Apparently, this was NOT an acceptable answer.

Who the hell did I miss? :razz:
Jr. Member
User avatar
Oct 31, 2012
126 posts
131 upvotes
Toronto
Maybe your parents could apply and then get you a supplementary card.

At least this way you won't be hit with foreign transaction fees while you're Gangnam styling.
Deal Addict
Jul 21, 2004
1331 posts
87 upvotes
I wonder how much the partner store has a say in issuing the credit. I used to have a FutureShop card back when it was issued by Wells Fargo and I had a 10k limit. Fast forward to three years ago and I'm at a FutureShop F&F sale buying a Washer/Dryer set for $1600, and Chase gives me $1500 limit :facepalm: . This is after doing the instant credit app by swiping my Amex with a 20k limit and $0 balance. The CS had to call them and ask them to manually up the limit because it won't cover the purchase I want to make, and just as I'm about to say screw it, just charge it on my Amex, they up it to 2k. With the Sears MC they issued 12k limit at the cashier. It would seem it's easier to get credit with Sears card? maybe OP should go to a Sears store and apply at the counter, but make sure you time it so that you get the best bang for the 10% off.
smartie wrote:
Nov 28th, 2012 10:32 pm
different product might have different scenarios. not only score,but also income and etc. besides,as other said,it doesn't necessarily because bad credit
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