Credit Cards

Preferred Visa Card from Home Trust

  • Last Updated:
  • Dec 15th, 2018 6:22 pm
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Deal Addict
Sep 19, 2009
1151 posts
251 upvotes
Toronto
Cuddlebudy wrote:
Jan 9th, 2018 7:56 am
I guess I got lucky and just received this card. I didn’t realize it would be a tough card to get considering I just got approved/declined many credit application last two months.

Tangerine mc - existing and kept

Starting in Dec:
TD first class visa - approved
AX Colbalt - rejected
Costco capital one - approved
Capital one gold mc - cancelled after getting Costco mc
PC world elite mc - approved (only 1k limit)

TD personal LOC - approved
Simplii LOC - approved

Rogers MC (for traveling) - declined
Home trust preferred - approved (surprise)

Yes. I went crazy for all the applications.
My credit score went from 744 back in nov 2017 to 722 now.

No more credit application until my TD visa renewal. At that point, I may cancel it and try the Scotiabank momentum for the freebies.
What rate did you get on your Simplii LOC?
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Jan 16, 2007
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@andrew4321 As you're asking about the rate on a Simplii LOC I was setting up a Simplii bank account and since it didn't require another hard pull did an LOC application as well, $15k at Prime + 4.85%, so 8.05% right now. It's not great. It's still in my application list if I decide to take it in the next bit but meh.
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Jun 3, 2006
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Markham
joshnet wrote:
Jan 9th, 2018 8:11 am
@andrew4321 As you're asking about the rate on a Simplii LOC I was setting up a Simplii bank account and since it didn't require another hard pull did an LOC application as well, $15k at Prime + 4.85%, so 8.05% right now. It's not great. It's still in my application list if I decide to take it in the next bit but meh.
Opening a bank account alone should not result in a hard pull, unless you are applying for overdraft protection.
Sr. Member
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Jan 16, 2007
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There was no overdraft protection and they explicitly asked for permission to do so.
Member
Sep 22, 2012
240 posts
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Toronto
joshnet wrote:
Jan 9th, 2018 8:11 am
@andrew4321 As you're asking about the rate on a Simplii LOC I was setting up a Simplii bank account and since it didn't require another hard pull did an LOC application as well, $15k at Prime + 4.85%, so 8.05% right now. It's not great. It's still in my application list if I decide to take it in the next bit but meh.
Mine is prime + 4.85% also.
My TD was higher.
Sr. Member
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Jan 16, 2007
540 posts
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My TD is Prime + 3%, which considering the only business I had with them was a credit card I was surprised to get.
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Apr 24, 2017
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Cuddlebudy wrote:
Jan 9th, 2018 8:56 am
Mine is prime + 4.85% also.
My TD was higher.
How long have you been waiting after submitting the application? Did you call HT?
😎 "How do you like to pay?" "American Express!" 😄
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Aug 24, 2016
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ToniCipriani wrote:
Jan 9th, 2018 8:27 am
Opening a bank account alone should not result in a hard pull, unless you are applying for overdraft protection.
Actually it is very common for banks to run a credit check while opening a chequeing account.
That’s how they determine your ATM deposit release limits etc...
Of course you can request no credit check while opening an account in person, but you would be subject to 100% holds for the max amount of days.
Now obviously if you have a current relationship with a bank, and you open a chequeing account with that bank, there may not be a credit check at all, because you’re a current customer.
Member
Sep 22, 2012
240 posts
51 upvotes
Toronto
EdisonL299 wrote:
Jan 9th, 2018 9:04 am
How long have you been waiting after submitting the application? Did you call HT?
I applied right before Xmas and just got the card yesterday.
Didn’t call them.
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Apr 24, 2017
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Cuddlebudy wrote:
Jan 9th, 2018 11:04 am
I applied right before Xmas and just got the card yesterday.
Didn’t call them.
So it sounds like a standard 2-week wait time. My card should arrive soon. Smiling Face With Open Mouth And Smiling Eyes
😎 "How do you like to pay?" "American Express!" 😄
Newbie
Oct 21, 2011
41 posts
4 upvotes
Surrey, BC
Do they notify you if you got rejected? It has been 3 weeks since I applied Disappointed Face
Deal Expert
Aug 22, 2011
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WorkSafeBC wrote:
Jan 9th, 2018 12:44 pm
Do they notify you if you got rejected? It has been 3 weeks since I applied Disappointed Face
No notifications, just a suprise mail with the PIN# around the 2-3 week mark; followed by the card in another 1-2 weeks.
Member
Jan 5, 2018
207 posts
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vkizzle wrote:
Jan 9th, 2018 4:05 pm
No notifications, just a suprise mail with the PIN# around the 2-3 week mark; followed by the card in another 1-2 weeks.
Well that's if you're approved. He was asking about rejection.
Deal Guru
Jan 7, 2002
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fred125 wrote:
Jan 9th, 2018 4:11 pm
Well that's if you're approved. He was asking about rejection.
Same, except you don't get the surprise snail mails ;)
veni, vidi, Visa [!Brim]
Deal Expert
Aug 22, 2011
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fred125 wrote:
Jan 9th, 2018 4:11 pm
Well that's if you're approved. He was asking about rejection.
Well, that's pretty obvious...LOL!

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