So DH and I decided to bite the bullet and apply for a credit card for when we go overseas next year for things like car rental and hotel check in. After research and asking some people he knows from work DH thinks Citibank would be best as apparently they are very good for overseas travel and fees (like I have said I know nothing about this stuff so not sure if this is right) and as it will only be used overseas because for everything else we use our MasterCard debit. Anyway yesterday afternoon DH rang and put in a application over the phone, he gave them all the info they needed and he had to listen to some recording about the terms and conditions and privacy statement and agree then he was transferred back to the person he was speaking to and they spoke and then was silent for a minute and said "ok so far it all looks great I just need you to email a copy of your license, Medicare card and 2 pay slips and this should get processed Friday" and that was it. My question is that does this mean DH has pre-approval? Is it the same as those 60 second applications that tell you yes or no? And if it is pre-approved what's the next stage like is it the credit check or would that have been done when he was on the phone? Sorry for the long post and all the questions the only finance we have ever had to get was for our car and that was done with a broker so it only took a day and I never had to think about the stages because it was quick and painless.
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26-11-2014 12:54 #1
26-11-2014 13:59 #2
Ok just got a email asking to resend those things so they can verify DH's address and income. Surely if it looked like it was going to be declined they wouldn't even bother asking for that stuff right?
26-11-2014 14:11 #3
Sounds like it's all go! They are pretty happy to give out credit cards so there's a high chance you'll get it
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26-11-2014 14:28 #4
26-11-2014 14:54 #5
I don't know, i've had a few pre approvals over the years and have just had to supply sufficient supporting evidence afterwards and all has been good.
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27-11-2014 18:06 #6
Ok so this morning we got a Veda alert that there was a credit check yesterday/last night and this afternoon we logged on to see how our application was going and it says under review. Now because we haven't heard anything my anxiety level has risen mainly because I am convinced we will get rejected and will have a blemish on the credit history from having a application on there for nothing, but DH keeps trying to convince me that because they have seen everything and still haven't rejected us is a good sign. Can anyone who has been through this process (doesn't necessarily have to be Citibank experience) tell me if this is normal?
27-11-2014 18:12 #7
Yes that sounds pretty normal loodle.
Most banks grant pre approval pending review. You then generally need to supply supporting docs showing your wage/s and they sometimes contact your employer to verify that you are employed there.
Some banks have long queues for credit card applications so can take a few days, or a week.
You can always contact the bank and quote your reference number to follow up and see if they require any additional information?
27-11-2014 18:19 #8
27-11-2014 18:31 #9
Absolutely. They will still take a few days to make sure everything is legit.
27-11-2014 18:35 #10Senior Member
- Join Date
- Sep 2005
Why do you need to get a credit card to go overseas?
I just went all over Europe and just used my debit MasterCard .
Credit cards are such a trap. They encourage people to spend money they don't have.
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