Credit Scores Approved and Denied Credit cards

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.

Here:

1. https://docs.google.com/document/d/11YJ ... Z2YDE/edit

2. ask-me-about-credit-scores-1099125/

3. list-lenders-pull-equifax-transunion-both-1177227/

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...

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.

UrbanPoet wrote: ↑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?

Tay12345 wrote: ↑Here:

1. https://docs.google.com/document/d/11YJ ... Z2YDE/edit

2. ask-me-about-credit-scores-1099125/

3. list-lenders-pull-equifax-transunion-both-1177227/

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.

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)

790 here

Just got denied from Tangerine CC

wth

DennisK272337 wrote: ↑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

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+

UrbanPoet wrote: ↑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

DennisK272337 wrote: ↑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.

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

marc_t wrote: ↑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.

I'm being told it has to do instead with your listed occupation. If what you declare on the application is different from what they have on file, that's a red flag for them.
Make sure to update the your occupation with Tangerine, and then try again in 3 months. And when you do the application, of course use that same occupation.

Source: another bank's employee

gwcphoto wrote: ↑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.

I've had issues from time to time with companies that pull from Transunion (Scotia/Tangerine/I think PC Financial? AMEX), but never had issues with any that pull from Equifax.

Tangerine declined me recently (740 credit rating at the time), but I tend to churn credit cards so I wasn't sure if it related to me opening/closing an account within say the last 6 months. I also keep a balance on the MBNA 0% BT card so wasn't sure if that made them uneasy.

gwcphoto wrote: ↑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.

If that is $4000 monthly income she should have had no problem qualifying for a Tangerine card with that score...

bigjee wrote: ↑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

Hilarious.hahaha. good for you

720+ equifax & transunion.

Approved:
RBC avion Infinite just replaced with RBC BA Infinite (50k Avios bonus).
Scotia momentum infinite
PCWE
CIBC dividend no fee
Tangerine MC
Amex gold, MBNA SC, BMO airmiles (first card), TD Green- canceled


I've only been denied once:
Amazon visa - mid 2015