4 Responses to If you’re not approved over the phone are you definitely denied with a credit card company?
Gordon R on February 8, 2009 at 6:47 am
no, unless you were told “your denied”
If they just didnt approve you right away, you still have a shot. Good luck!
luisa_mapacha on February 11, 2009 at 3:56 am
No, usually they’ll follow up with a really shitty deal – offer you a card with high interest rates, lots of restricitions or a “secure” card, meaning you pay them $500 (plus interest) in order to borrow $500.
Jeremy P on February 11, 2009 at 10:16 am
If you didn’t get approved ‘instantly’ over the phone, the credit card company probably needs to look more in-depth into your credit history before they make a decision. Usually, an ‘instant approval’ over the phone is base soley on your credit score. If your credit score didn’t meet their ‘instant approval’ guidelines– they’ll need more time to look at your credit report to better evaluate your current financial situation.
Just because your credit score wasn’t high enough to warrant an ‘instant approval’ doesn’t mean you won’t be approved. Basically, you’ll have to wait to get their final decision.
Mariposa on February 14, 2009 at 2:05 pm
With that credit card company yes. I would recommend contacting the bureau the company used and getting a free credit report. Look at it and verify it’s accuracy so that you don’t lower your score even more by applying for other credit cards which you will be denied.
no, unless you were told “your denied”
If they just didnt approve you right away, you still have a shot. Good luck!
No, usually they’ll follow up with a really shitty deal – offer you a card with high interest rates, lots of restricitions or a “secure” card, meaning you pay them $500 (plus interest) in order to borrow $500.
If you didn’t get approved ‘instantly’ over the phone, the credit card company probably needs to look more in-depth into your credit history before they make a decision. Usually, an ‘instant approval’ over the phone is base soley on your credit score. If your credit score didn’t meet their ‘instant approval’ guidelines– they’ll need more time to look at your credit report to better evaluate your current financial situation.
Just because your credit score wasn’t high enough to warrant an ‘instant approval’ doesn’t mean you won’t be approved. Basically, you’ll have to wait to get their final decision.
With that credit card company yes. I would recommend contacting the bureau the company used and getting a free credit report. Look at it and verify it’s accuracy so that you don’t lower your score even more by applying for other credit cards which you will be denied.