I applied online yesteray for my first credit card and they said I would get a response within 30 days. Why does it take so long? Is it because I have no credit and it was a student credit card? Also, I said I had both savings and a checking account but right now I only have a savings but will be getting a checking account on Saturday. Is it ok that I said I had both a checkings and a saving? Will it make them reject my application? Are they eager to give a credit card to someone like me, a young person likely to give them money for interest? I am just anxious about the whole thing. I am going to be responsible with it because I am careful with all my money.
2006-06-14 08:32:50 · 5 answers · asked by Joe 5 in Business & Finance ➔ Credit
also I didn't know what they meant by residence when they asked rent or own? do they seriously expect me to pay for rent at this age? So I selected "Other" and put zero paid month;y for my residence because that is what I pay, I mean I help my mom out sometimes but thats it.
2006-06-14 08:34:46 · update #1
lol iceman, I said I made 6K a year because that is what I made in 2005
2006-06-14 08:38:38 · update #2
well it was labled a student credit card....being wary should be expected of them if they think this.
2006-06-14 08:40:40 · update #3
yeah it was CHASE
2006-06-14 08:41:41 · update #4
what is the purpose of advertising student credit cards then?? they are designed for people like me who have no creidt. thanks for not answering my question.
2006-06-14 08:45:44 · update #5
the only thing more dangerous than someone with bad credit is someone with no credit. they are wary of you since you have no established credit, your a student blah blah blah. it takes them awhile to verify your status, residence, job (if you have one), and your account status. if you had established credit then it wouldn;t necessarily take this long to approve or deny your application. if you do get this one and are financilly responsible; when you apply for other cards in the future, the response time will be a lot quicker. basically, once they can pin you down, see you can make payments, you'll get it.
2006-06-14 08:37:34 · answer #1 · answered by Thank You..Come Again 2 · 6⤊ 0⤋
It ussually means you didn't get it but they say wait 30 days because someone (person not computer) is going to review you aplication and figure out if you deserve their card or not...if that was your first card aplication I say they'll say no because it sound like you did it with a big name company right?
when aplying for the first time you should go for department stores or jewelry places, once you have a credit card with a couple of those places wait a few months and than apply with a big company and you'll get it...well as long as you pay everything or a big portion of what you owe to the other places you got a card from...
2006-06-14 08:43:31 · answer #2 · answered by lf 3 · 0⤊ 0⤋
my son, who is 21 and has credit already, got the same response from CHASE offer. but then in less than two weeks, he got his approval and card in the mail! just wait it out and good luck. credit is a necessary evil these days, but please, please, please...don't be foolish and spend foolishly. think before you charge anything, now or whenever. it's neat at the time to buy something at that moment, but the payments on your bill will arrive and you can pay forever!!! it does not feel good then!
2006-06-14 08:39:35 · answer #3 · answered by keepitsimple321 2 · 0⤊ 0⤋
dude it means u do not have enough established credit or u have bad credit other than that they will let you know right then and there
2006-06-14 08:36:52 · answer #4 · answered by jcleann13 4 · 0⤊ 0⤋
advice.....LIE... i got a $2500 max platinum card and im only 19 and can barely pay my bills and i work at a fast food joint :P
just put down you make around 40k a year..and your good to go :p
2006-06-14 08:37:12 · answer #5 · answered by Iceman 4 · 2⤊ 0⤋