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I can’t get approved even tho I make good money and had 702 score. It’s been dropping cuz I keep getting declined. Getting frustrated seeing people with shit jobs getting all these loan opportunities and I’m getting swept under the rug. I don’t blame people using g ash anymore I do it cuz I have no option
Valuable information, thank you! I called in and found that I was rejected due to a data entry mistake on my application (they had a bad UI). Can be something so minor...You'd never know until you called.
Thanks. Very good explanation. I have a wellsfargo(usa) creditcard having $14,000.00 credit limit still maintaining(never missed a payment) it for the past 30+years. In between got retired and started to travel since 2010. A week ago I've applied for chase preffered card and was denied.
What’s funny is, I own 2 vehicles, one paid off and one I have a loan for credit alone, as well as am a homeowner and make good money. My debt to income is very good, yet here I am 29 years old and can’t get a credit card to save my life
One main bank stole the money off my card when I paid the full $300 was to max of the card. I paid my bill in full and a few hours I called and check yo make sure money was there and it said my balance was 0 and I called them and they saying they didn't receive it but I had my conformation number they hung up on me. They are thieves and I will never do business with them again.
Thanks for the video and information. Waiting on my letter from Capital One, then I'll try the reconsideration call. My utilization was high (33%) when I applied but down now and I already have a card through them. Worth a shot.
Appreciate all this info for me it’s a strange thing always having money put onto my card from 3 jobs and just moved out and had to buy furniture etc. but paid everything off no issues I have a debit card tho shows declined on everything can’t buy even food I’m with Huntington bank.
I'm replying to your French Fiasco. If a desk lady says "He didn't purchase First Class because he paid $500" Before Booking Screenshot/Save 2 PDF/Print w header and footers the following. Any advertisements of discounts. All terms and conditions contracts All screenshots [except for payment details] of every page on the booking. All emails sent after booking As for payment details you could blur them bar last 4 digits and your name [If YOU booked it] All dates and times will be BEFORE booking and do it as close to the booking as possible. When saving emails do it as closely after booking as possible. They have to abode by contract at time of booking. It gives them little time to change the rules. Hope this helps READ TERMS AND CONDITIONS. THESE ARE YOUR RIGHTS. The company will know when they revised the T&C. Sometimes they say they have right to change cabin blah blah so READ EM! Sorry about Algeria they must hate Canadians
For CIBC, I was applying for the Dividend VIsa Infinite Card. I was denied but I was pre-approved for the Dividend Visa Platinum with the welcome bonus of 10% cash back up to $200 on the first $2000. My limit was $5,000. After the welcome bonus, I inquired about a product switch to the Aeroplan Visa Platinum (didn't know Cobalt existed at this time so I thought I could start getting points with the Aeroplan). I told them I originally wanted the Dividend Visa Infinite and they said, yeah you qualify for it. And now I have the Dividend Visa Infinite 7 months after I was denied for it lol
whats the lowest credit score to get american express gold ? my application have been rejected and they cannot take reconsideration. Should i apply again few weeks later? thanks.
I’ve been approved for business plat/gold and us Gold for North of $70k credit on one of the cards. TD declined me for a Aeroplan card with a $5k limit. Go figure.
I got into some trouble with a td visa as a kid. About 15 years ago. It’s still on my TD file (not credit bureau). I thought they only kept records for 7 years?? My Credit score is 840. Declined for td aeroplan.
Way too much work for a card. Data is suggesting that those who are getting multiple cards through reconsideration are the first to have limits lowered or outright cancelled.
can you get in trouble for applying for credit cards when you already have others you was approved for. what im asking will your current card issuers see you applied for other cards and was turned down will they take theirs back because you did that .
I was denied for the CSP last November, after a 15 months US CC history. I've been told that you need to have a minimum of 5K CL on at least one of your Amex cards. Is that the case? I tried reconsideration and they wouldn't approve. Not enough history and too many inquiries (4 in 15 months).
WOW ! This is a lot of information. Do you have any videos about rebuilding credit after a Canadian bankruptcy or consumer proposal. That is the journey I am on, my goal is to get credit from where I have bank accounts with TD, Tangerine and Simplii. They each have low household income cards. Then I found out TD owns MBNA that also has a low household income card. As I rebuild my savings and credit I currently have Capital One annual fee $59 with a nice credit limit of $5,000 and now Canadian Tire credit limit $500. I think the Canadian Tire card is horrible, but they approved me so I will use them to rebuild my credit.
Hello Ricky, I have a question for you: What would you say are the odds of getting approved for a new credit card at the end of the 7-10 day review/waiting period stage in the event that your request is not instantly approved? If you don’t get approved on the spot, does that automatically mean that your request will subsequently be denied? Thanks in advance
Can you help me please .I was approved by the bank manager.for a credit card .then she calls me and tells me that she had to decline my credit card .she told me that the credit bureau .has the Rong address . and my birth date .but I gave the bank all my I'd and my address .I don't know what happened .I told her my credit was not good . she said it was wiped out . when I was in the bank .? . She told me to call the credit bureau .? 🇨🇦
decline mbna application instantly online .. says too many credit inquiry.. called recon line the next day and 3 days after, i received a call with great news .. mbna card will be receive in 7-10 business days.. my first mbna card ever..
@@PrinceofTravel I appreciate the personal touch of a response. I don’t quite understand the US process, so I, as I am sure many others, would appreciate for you to expand a bit more than your last post on the subject, respectively.
@@michael.5749 He means in regard to jumping between credit cards etc building up your credit score. Eventually you will have high credit limits (if done correctly), so technically you're rich in able to spend a high value even though the money available for you to spend isn't really yours... You'll forever be in debt until you die more than likely.
Can you do review on “Scotia Passport Visa card”? I don’t think i’m getting much benefits from td areoplan visa. I’m considering RBC west jet or Scotia Passport Visa.
I went on a binge recently and have six cards all new as I’m just back in Canada after 18 yrs. My Experian FICO which suffered the brunt of the inquiries went in five months from low 700’s to 620. Trans union so far is holding steady at 710. FYI I have a perfect payment history, but only six months old. As well as a very low debt to credit ratio. I’m hoping in three months I’m laughing about this. Cuz right now I’m in a very sad mood! Normally it takes about five months to go from zero to 730-745 with two cards. So I am confident that a further three months should get me close to 735-750. Fingers crossed!
It really depends on your credit file, how long you've had credit, how good your payment history has been, etc. There's no firm answer, and the generally advised approach is to keep applying for cards until you get declined - then take it easy for 3-6 months before starting again.
can you believe this....? ive gotten declined many times because im too successful! I can payout anything that I want up to 1.7M and they cannot make money off me so they deny my applications
There are a few cards I have been watching but I am not comfortable applying for them since I dont meet income requirements (60k but only make 30k-40k). Should I just try to apply anyway and if I do get declined, is there anything that can be done?
You know most banks really just go on the honour system regarding income statements. And if they did ask you to provide proof, you could always tell them your accountant lossed your file and it may take a while to get duplicate papers. Now technically, it could be construed as fraud if you were to lie about your income. So I would never advise anyone to misrepresent facts in an application. No matter how slim the chance is, that you would get caught. Because even though there’s a 99.99999% chance of this working out the way you desire. There’s always that .000001% chance that something could go wrong. However, you should remember that it is perfectly legal to combine your total household income as well as report anticipated income to the lender. Therefore, are you perhaps expecting a job offer soon? or perhaps your wife expects to start working very soon. Good luck with this dilemma!
In theory you are correct about using different credit bureaus with different lenders. However in practice this is a bit flawed Unfortunately, the FICO algorithms drop points, as new credit is added to your file. It usually takes about 60-120 days, to recover from this input of brand new credit.(depending on the amount of new credit reporting). So if in January, you get an Amex Card which pulls from Trans union. Your FICO is still going to drop slightly in February, when the card is reported to both credit bureaus. Your looking at March or April, for your FICO to recover. The only way to do this quickly, is if both bureaus are decent. Apply for an Amex and a TD which use different bureaus. Do this within 3-4 weeks of each other and your good. Only then remember, your gonna have two new cards report back to back and your FICO will drop for 3-4 months!
Right. But if your Amex one was _declined_ , then there'd be no new credit account to report. The only impact would be to TransUnion because of the new inquiry, so you're still good to apply for Equifax. All of the issuers will report the tradeline to both bureaus if you get _approved_ , which results in the temporary dip you're referring to.
@@PrinceofTravel very true. I was being the optimist and assuming that you would be approved. The one great thing in today’s age of instant applications and transparent accessible FICO scores. Is that we have a much better idea, of our chances of approval.
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
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my card declined i told the cashier i'll be right back in 1 minute n never went back
wish i could apply the same concept for job applications lol
Now that would be something. "Oh you see my GPA is lower because I went on a few too many benders in second year. Please reconsider"
You can always call the prospective employer for recon.
that 1 dislike must be from the guy who still uses cash for everything and has no credit cards
There's always someone like that 😄
I can’t get approved even tho I make good money and had 702 score. It’s been dropping cuz I keep getting declined. Getting frustrated seeing people with shit jobs getting all these loan opportunities and I’m getting swept under the rug. I don’t blame people using g ash anymore I do it cuz I have no option
Valuable information, thank you! I called in and found that I was rejected due to a data entry mistake on my application (they had a bad UI). Can be something so minor...You'd never know until you called.
Thanks. Very good explanation. I have a wellsfargo(usa) creditcard having $14,000.00 credit limit still maintaining(never missed a payment) it for the past 30+years. In between got retired and started to travel since 2010. A week ago I've applied for chase preffered card and was denied.
That is insane!
What’s funny is, I own 2 vehicles, one paid off and one I have a loan for credit alone, as well as am a homeowner and make good money. My debt to income is very good, yet here I am 29 years old and can’t get a credit card to save my life
Really helpful video. The bank branch endorsement works well for me. Have at least a Fair/Good credit score and speak with a bank 'friendly' staff.
Thanks for sharing Richard. Had to leave a like on the video to ensure I get approved for future credit card applications.
May the credit card approval gods have mercy on you!
One main bank stole the money off my card when I paid the full $300 was to max of the card. I paid my bill in full and a few hours I called and check yo make sure money was there and it said my balance was 0 and I called them and they saying they didn't receive it but I had my conformation number they hung up on me. They are thieves and I will never do business with them again.
When I asked Wells Fargo for a reconsideration, they said there will be another hard inquiry.
I hit your 'Like' button 15 times and was just approved for the Centurion card!! It really works!
Thanks for the video and information. Waiting on my letter from Capital One, then I'll try the reconsideration call. My utilization was high (33%) when I applied but down now and I already have a card through them. Worth a shot.
"Palms get sweaty"... all I can think about is "Knees weak, arms are heavy.."
Just found your channel, it's perfect and your videos are very good, keep doing your great work
Great content I learned a lot
Appreciate all this info for me it’s a strange thing always having money put onto my card from 3 jobs and just moved out and had to buy furniture etc. but paid everything off no issues I have a debit card tho shows declined on everything can’t buy even food I’m with Huntington bank.
I'm replying to your French Fiasco. If a desk lady says "He didn't purchase First Class because he paid $500"
Before Booking
Screenshot/Save 2 PDF/Print w header and footers the following.
Any advertisements of discounts.
All terms and conditions contracts
All screenshots [except for payment details]
of every page on the booking.
All emails sent after booking
As for payment details you could blur them bar last 4 digits and your name [If YOU booked it]
All dates and times will be BEFORE booking and do it as close to the booking as possible.
When saving emails do it as closely after booking as possible. They have to abode by contract at time of booking. It gives them little time to change the rules.
Hope this helps
READ TERMS AND CONDITIONS. THESE ARE YOUR RIGHTS.
The company will know when they revised the T&C.
Sometimes they say they have right to change cabin blah blah so READ EM!
Sorry about Algeria they must hate Canadians
Got approve on april for credit card & got approve for $500 for increase! 😊
Thank you for such a well thought out video
For CIBC, I was applying for the Dividend VIsa Infinite Card. I was denied but I was pre-approved for the Dividend Visa Platinum with the welcome bonus of 10% cash back up to $200 on the first $2000. My limit was $5,000. After the welcome bonus, I inquired about a product switch to the Aeroplan Visa Platinum (didn't know Cobalt existed at this time so I thought I could start getting points with the Aeroplan). I told them I originally wanted the Dividend Visa Infinite and they said, yeah you qualify for it.
And now I have the Dividend Visa Infinite 7 months after I was denied for it lol
Hey Ricky,
Just a video suggestion , How about another updated version of the minimalist credit card portfolio ?
Great suggestion, thank you!
I got declined today 😢, but I will take action on it!
You got approved ? I got declined too lol
I’m just waiting to see if I get approved for the American Express cobalt but it gave me the 7 to 10 business days I’ve got a 724 score
Hey Ricky great video. Just got declined for applying HSBC WEMC card. Time for the reconsiderations! Lol.
This information ℹ️ is AWESOME!!! THANK YOU!
Good info!
I just applied for another credit card today and that quick I just got denied 🤦♂️
whats the lowest credit score to get american express gold ? my application have been rejected and they cannot take reconsideration. Should i apply again few weeks later? thanks.
I’ve been approved for business plat/gold and us Gold for North of $70k credit on one of the cards. TD declined me for a Aeroplan card with a $5k limit. Go figure.
TD tends to be quite stingy, it seems. I've also only heard minimal success stories with TD's reconsideration process.
I got into some trouble with a td visa as a kid. About 15 years ago. It’s still on my TD file (not credit bureau). I thought they only kept records for 7 years?? My Credit score is 840. Declined for td aeroplan.
@@djtj3220 did you go for reconsideration?
@@GavishSethi how to do that?
Great info
I got approved online but denied 7-10 days by mail......
Way too much work for a card. Data is suggesting that those who are getting multiple cards through reconsideration are the first to have limits lowered or outright cancelled.
can you get in trouble for applying for credit cards when you already have others you was approved for. what im asking will your current card issuers see you applied for other cards and was turned down will they take theirs back because you did that .
I thought chase wasn’t in Canada anymore
I was denied for the CSP last November, after a 15 months US CC history. I've been told that you need to have a minimum of 5K CL on at least one of your Amex cards. Is that the case? I tried reconsideration and they wouldn't approve. Not enough history and too many inquiries (4 in 15 months).
I thought it was a 5/24 rule? If it’s under 5 that shouldn’t matter
Chase 6:53
WOW ! This is a lot of information.
Do you have any videos about rebuilding credit after a Canadian bankruptcy or consumer proposal.
That is the journey I am on, my goal is to get credit from where I have bank accounts with TD, Tangerine and Simplii. They each have low household income cards. Then I found out TD owns MBNA that also has a low household income card.
As I rebuild my savings and credit I currently have Capital One annual fee $59 with a nice credit limit of $5,000 and now Canadian Tire credit limit $500.
I think the Canadian Tire card is horrible, but they approved me so I will use them to rebuild my credit.
Beautiful
Thank you!
i wanted to get i phone 13 but my card declined as they said u need more history but my card is already 1.5half month old
Will applying for a reconsideration line be counted as another inquiry?
How about not spending money you don't have, instead...?
Ridiculous.
Absolutely do not spend money you don't have.
Great info.
Glad it was helpful!
Call the number ! It works !
Hello Ricky, I have a question for you: What would you say are the odds of getting approved for a new credit card at the end of the 7-10 day review/waiting period stage in the event that your request is not instantly approved? If you don’t get approved on the spot, does that automatically mean that your request will subsequently be denied? Thanks in advance
Can you help me please .I was approved by the bank manager.for a credit card .then she calls me and tells me that she had to decline my credit card .she told me that the credit bureau .has the Rong address . and my birth date .but I gave the bank all my I'd and my address .I don't know what happened .I told her my credit was not good . she said it was wiped out . when I was in the bank .? . She told me to call the credit bureau .? 🇨🇦
i just hit the like button!!! now i'm gonna see what card i'm getting approved for ...Thank you!!!!!
Godspeed!
Your info is not correct at all
I wish I knew this before getting declined for the Amazon Prime CC LOL
First card w/ MBNA is always hard. Call for recon.
decline mbna application instantly online .. says too many credit inquiry.. called recon line the next day and 3 days after, i received a call with great news .. mbna card will be receive in 7-10 business days.. my first mbna card ever..
Can you update your video on how to apply for US credit cards?
It's in the works 👌🏼
@@PrinceofTravel I appreciate the personal touch of a response. I don’t quite understand the US process, so I, as I am sure many others, would appreciate for you to expand a bit more than your last post on the subject, respectively.
The secret about becoming rich is you don't become rich by getting money, you get rich by giving money.
?
@@michael.5749 He means in regard to jumping between credit cards etc building up your credit score. Eventually you will have high credit limits (if done correctly), so technically you're rich in able to spend a high value even though the money available for you to spend isn't really yours... You'll forever be in debt until you die more than likely.
21
I tried to apply for the consulting, but submit button doesn't appear to do anything.
The button seems to be glitching, but I got the submission and will reply shortly 👌🏼
@@PrinceofTravel Then you probably got like 6 from me :) Sorry man.
Can you do review on “Scotia Passport Visa card”? I don’t think i’m getting much benefits from td areoplan visa. I’m considering RBC west jet or Scotia Passport Visa.
Check my last video before this one.
How many cards would you have to hold to start getting declined for new ones ?
I went on a binge recently and have six cards all new as I’m just back in Canada after 18 yrs.
My Experian FICO which suffered the brunt of the inquiries went in five months from low 700’s to 620. Trans union so far is holding steady at 710.
FYI I have a perfect payment history, but only six months old. As well as a very low debt to credit ratio.
I’m hoping in three months I’m laughing about this. Cuz right now I’m in a very sad mood!
Normally it takes about five months to go from zero to 730-745 with two cards. So I am confident that a further three months should get me close to 735-750.
Fingers crossed!
It really depends on your credit file, how long you've had credit, how good your payment history has been, etc. There's no firm answer, and the generally advised approach is to keep applying for cards until you get declined - then take it easy for 3-6 months before starting again.
TD be like "I will break you"
Or is that Santha from RBC? 🤔
can you believe this....?
ive gotten declined many times because im too successful!
I can payout anything that I want up to 1.7M and they cannot make money off me so they deny my applications
If you have that amount of liquid cash, you don't need a credit card, lol.
There are a few cards I have been watching but I am not comfortable applying for them since I dont meet income requirements (60k but only make 30k-40k). Should I just try to apply anyway and if I do get declined, is there anything that can be done?
You know most banks really just go on the honour system regarding income statements.
And if they did ask you to provide proof, you could always tell them your accountant lossed your file and it may take a while to get duplicate papers.
Now technically, it could be construed as fraud if you were to lie about your income. So I would never advise anyone to misrepresent facts in an application. No matter how slim the chance is, that you would get caught. Because even though there’s a 99.99999% chance of this working out the way you desire. There’s always that .000001% chance that something could go wrong.
However, you should remember that it is perfectly legal to combine your total household income as well as report anticipated income to the lender.
Therefore, are you perhaps expecting a job offer soon? or perhaps your wife expects to start working very soon.
Good luck with this dilemma!
If you say you make it you make it I've never been asked to confirm income
While I won't openly encourage putting down a false income, I will say that the other commenters are correct with their statements.
@@PrinceofTravel very diplomatic and wise! Respect ✊
In theory you are correct about using different credit bureaus with different lenders. However in practice this is a bit flawed
Unfortunately, the FICO algorithms drop points, as new credit is added to your file. It usually takes about 60-120 days, to recover from this input of brand new credit.(depending on the amount of new credit reporting).
So if in January, you get an Amex Card which pulls from Trans union. Your FICO is still going to drop slightly in February, when the card is reported to both credit bureaus.
Your looking at March or April, for your FICO to recover. The only way to do this quickly, is if both bureaus are decent.
Apply for an Amex and a TD which use different bureaus. Do this within 3-4 weeks of each other and your good. Only then remember, your gonna have two new cards report back to back and your FICO will drop for 3-4 months!
Right. But if your Amex one was _declined_ , then there'd be no new credit account to report. The only impact would be to TransUnion because of the new inquiry, so you're still good to apply for Equifax. All of the issuers will report the tradeline to both bureaus if you get _approved_ , which results in the temporary dip you're referring to.
@@PrinceofTravel very true. I was being the optimist and assuming that you would be approved.
The one great thing in today’s age of instant applications and transparent accessible FICO scores. Is that we have a much better idea, of our chances of approval.
First
I have a question
Can you Put money into a Debit card after its declined?