CIBC Uloc as a new customer
I applied online for an unsecured line of credit with cibc, for “general use”. I don’t need it now, but it is a nice to have. I decided to call in for an update, and the agent said my online app isn’t showing yet but he can do one with me. However, he was very negative and suspicious - the only thing he knew is that I’m not yet a customer of cibc. He said that the bank will probably not give me one, and they like to know how a customer handles their banking first. So I asked isn’t it based on my credit history? I decided not to do an application with him, and now thinking of cancelling the online app. They haven’t pulled my credit yet.
Credit score is 780, and I have a mortgage. I have credit cards with low utilization and they are paid in full every month, and I have a 15 year credit history with nothing negative.
Was the agent right? It felt rude but was he right? I chose not to apply at my bank because I feel that banks give better rates to a new customer while trying to win more of your business.
Credit score is 780, and I have a mortgage. I have credit cards with low utilization and they are paid in full every month, and I have a 15 year credit history with nothing negative.
Was the agent right? It felt rude but was he right? I chose not to apply at my bank because I feel that banks give better rates to a new customer while trying to win more of your business.