Another MBNA LOC

Discussion in 'Credit Talk' started by Ron, Jan 29, 2002.

  1. Ron

    Ron Well-Known Member

  2. JustMe

    JustMe Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I applied for the apple line was approved for 3800.00 and then I applied for the pc line (MBNA) was approved for 3800.00. This is great. Rate was at 26.99 but I was approved for both... Thanks Ron
     
  3. Ron

    Ron Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!


    JustMe,


    I applied for Apple Instant Loan and I got approved for $5500 with APR 14.99%. After a year, they increased credit limit from $5500 to $5800 and they also lowered from 14.99% to 12.99%. I think 26.99% is too high for Apple Loan. May be you asked them to lower the rate and it is even higher than my Sears Card and JCpenney Card.


    Ron.
     
  4. JustMe

    JustMe Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I am going to call them about the rate 26.99 is way to high!!!! This was my first two ever instant approvals.
     
  5. Ron

    Ron Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!


    JustMe,

    Exactly, the rate is just like loan shark rate.




    Ron.
     
  6. Cyprigirl

    Cyprigirl Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    Yeah but it is a great way to increase your existing MBNA CC, if you don't want to pay the high interest, or you could convert to another product, the key is to get your foot in the door with MBNA!!!


    Cypri:)
     
  7. the other

    the other Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I think there is a problem with the application. It keeps telling me the info I entered was wrong and to re-check it.
     
  8. the other

    the other Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    Ugh!! and they pulled my report twice even though I did not even get to submit the application!
     
  9. Christi

    Christi Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I just wasted an inquiry too then, because they said my information was wrong and to recheck the app. Then they wanted me to enter everything again. NOPE
     
  10. Smit

    Smit Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I tried to get a LOC with Blue Nile Jewelry, which is from MBNA. I was turned down so I won't try somewhere else with them at this point. I don't know which CR they pulled. I don't know if it is they type of product that make a difference or not.

    TU 635 up 60 points
    EQU 560 up 24 points
    Exp 603 up ?
     
  11. Ron

    Ron Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!


    Smit,


    What was the reason of the denial? They pulled credit from Experian when I was applying for Apple Instant Loan a year ago.



    Ron.
     
  12. Smit

    Smit Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    I don't know yet, they said they would send me a reason in the mail in 7 to 10 days. I tried about 3 days ago.
     
  13. Ron

    Ron Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!


    Smit,


    They usually denied you because excessive inquiries.



    Ron.
     
  14. Christi

    Christi Well-Known Member

    Re: Another MBNA LOC!!!!!!!!!!!!!

    Has anyone had any luck applying without getting the error message or able to check status? This is frustrating and now I see that you can only be approved once every 90 days, so that was a waste for me :(
     

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