Credit Card Application

porcelina_68 asked:


I received a pre-approval slip from Target, and I applied for the credit card. After submitting my application, the slip said “requires further processing”, and that they will contact me within 10 days. I just called the phone number for Credit Services to see if I could check the status of the processing, and all they told me was that I would receive a mailed response.

I was under the impression that if you applied from a pro-approval slip, you were guaranteed either a Target Visa card, or a Target Credit Card, as long as you could prove who you are, and could enter into a valid contract. Why the mystery, then?
The pre-approval slip states, “You’ll get an account if you can legally enter into a contract and we can verify your identity when you apply.”

All of you are meaning “pre-qualified”. That is different than pre-approved.

MICAH

teksonn asked:


I’m trying to fix bad credit so I applied for a credit card on line and when the bill for a $59.00 annual service fee arrived before the card, I decided that I didn’t want it. While I was going through all the pages of the on-line application there was one page that stated that I had thirty days to cancel, but the paperwork I got in the mail says nothing about this and to access this page on-line I would have to go through the process of applying for another card (not happening). Also, the paperwork that came with the card says that I have to call a phone number to activate the card before it can be used. QUESTION: Do I need to call or e-mail these people and tell them I don’t want the card anymore (it hasen’t been 30 days yet), or, if I just don’t activate the card does that mean the account has not been verified and so then it becomes null and void?

DALE

Paris P asked:


Fifth Third Platinum Mastercard
If you are trying to pay off your credit card debt and would like to apply for a card that has a fixed 3.9% balance transfer rate until 2010 and 0% on new purchases for one year, email me at pdiddy48071@yahoo.com with your name and phone number and I’d be glad to call you and go over all the benefits and take your application… trust me, it’s a great card (i have one myself) and with the economy the way it is, credit card rates are going up and people are tightening belts… so lock in a very low rate now while you have the chance.

If you need to make a big purchase in the next couple months (great for tuition, a new computer, etc)- apply for this card and make the purchase with it- then destroy the card (so you don’t get tempted to use it more), and make 12 monthly payments with no interest as long as you pay it off by next year! One $1000 computer = 12 $100 payments a month.

Transfer balances too! Fixed 3.9% until 1-1-2010! Email me today!

GUADALUPE

Nick Makaryk asked:


With the advancement of the years, the public has accepted the major change called the “credit card”. It is truly a major change. Instead of stressing over carrying enough money to get what you want or need when shopping, your Visa or MasterCard can make sure you can have a great shopping experience. You can shop without leaving home on your computer. Applying for credit cards is becoming more commonplace. But every application that you fill out does not mean that you will get a credit card in the mail. Your application for a credit card may be denied. Let’s see why a provider of a credit card application turn you down when they have put so much effort into courting new customers.

One of the main reasons for rejecting an application for a credit card is mistakes that you may have made when filling it out. Little mistakes, such as entering the wrong phone number, wrong name, or zip code can be made. There is no such thing as a perfect person so mistakes are bound to be made. If you forget to fill out all the spaces on your application, this can cause another problem. Missing information that is required will cause problems with your application. If your handwriting is atrocious, the person reviewing the application may have trouble reading your information. Errors could have been made by the person who was handling the form. It may not have been filed correctly or the information needed may not have been clearly explained. Sometimes new hires make a few mistakes until they are more seasoned to the system.

But not to worry, these small mistakes due to human error can be straightened out later. The main problem this would cause would be an interruption in the timely receipt of your credit card. The number one reason for an application for a credit card being rejected is poor credit, for example, negative items in the past. Your credit score may already have been set up if you have other credit cards in active status or if you have or have had a mortgage or loan. If payments are made on time and the minimum is being paid, a good credit score is likely. On the other hand, if payments are late, behind, or not paid this results in a bad credit score. This is determined by the major credit bureaus with information received from the credit card companies you have. When applying for a new credit card, your credit score is checked and if it is a negative rating, you are automatically rejected.

The rejection or acceptance of a credit card application is dependent upon these two major reasons. They must be monitored (the credit score in particular).



GRANT