Denied by MBNA!

Discussion in 'Credit Talk' started by Tony V., Jul 14, 2001.

  1. Tony V.

    Tony V. Well-Known Member

    Applied online for the Quantum MBNA card and was denied..and for all others they offer!!!..called several times they would not state the reason, ill have to wait for the letter!...
    credit scores:
    equifax: 685
    Experian: 690
    Transunion: 723

    no negs or anything on reports...

    cards i have now:
    providian classic......cl $1400...balance $0 ... 2/99
    chase gold.....cl $5000...balance $0.... 9/00
    citi plat. sel....cl $5000...balance $0.....11/00
    amex blue...cl $2000...balance $0.......1/01
    -------------------
    auto installment..loan $19000....
    balance $0(closed-paid..) 12/00

    ----dont know how everyone gets a card from them i thought i would at least get the basic....and i thought AMEX was difficult to obtain!!!!...thanks for everyones help here.....good luck!!....
     
  2. GEORGE

    GEORGE Well-Known Member

    HOW DID YOU APPLY ON-LINE? Did they mail "INVITATION" ???

    I thought you had to "UPGRADE" existing card by phone...
     
  3. Tony V.

    Tony V. Well-Known Member

    I did get an ivitation by mail and went to the website to apply:

    www.webapply.com/aqo8

    you can apply for the quatum w/out having any of there cards......
     
  4. brad

    brad Well-Known Member

    Tony,I don't know what their reasoning was? I also don't know what your income is,but it could have a lot to do with total avalible credit.These CC companys do take a hard look at avalible credit.wether or not it is being utililized. 13400 worth of credit might scare them off?
     
  5. SCHOLR

    SCHOLR Well-Known Member

    TRADE-LINES TOO NEW, ALSO AUTO LOAN NOT

    KEPT OPEN OVER 1 YEAR IF I READ IT CORRECTLY.

    IN ADDITION, MINIMUM CREDIT LINE IS 10K,

    UNLESS YOU HAVE HIGH FIVE OR SIX FIGURE

    INCOME, PROBABLY AUTO. DENIAL BASED ON OTHER

    OPEN ACCOUNTS.
     
  6. Saar

    Saar Banned

    As w/ other CC companies, it's usually better to apply for an inferior card (MBNA Platinum Plus), and then try upgrading to the superior card (MBNA Quantum).


    Saar
     
  7. mj

    mj Well-Known Member

    Your scores aren't "stellar" but they're OK. Your average age of accounts is under one year- too many new accounts in too short a period. Is your report showing activity on these accounts or are they just sitting there with $0 balances?

    I'd hold off on any new cards until the ones you have "season".

    Keep in mind that you also have to use 'em to grow 'em. Chase is pretty good for limit increases after 9 months, but again you have to use it.

    Good luck!
    -mj
     
  8. creditwork

    creditwork Well-Known Member

    Brad, I doubt $13,000 would scare them. I have close to $150,000 and my income has never been more than $52,000. I think, he needs to exercise the credit he has.

    www.creditsense.com
     

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