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04-08-2011, 05:30 PM
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#1 | | Meow
Join Date: Dec 2010 Location: Burnaby
Posts: 1,284
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| Bad Credit Without Doing Anything
I've recently turned 19, and applied for a TD visa card. At first they said yes but after finding out I was not a college or university student they declined it. I asked him to check my credit and he said the only message there was that my new address doesn't match the one at the credit bureau. My friend who isn't in school either got approved for a $1000 card. He isn't working and in the past has made a lot less money than me. Why is it that I'm declined and he is approved. I just want to get a card and start building credit without this secured card bullshit. Posted via RS Mobile | 
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04-08-2011, 05:35 PM
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#2 | | Revscene.net has a homepage?!
Join Date: Sep 2008 Location: nowhere
Posts: 1,233
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Maybe open another type of visa or maybe a mastercard?
I recently turned 19 and opened one as well. The problem may be that you are not a student, and currently maybe unemployed?(doesn't say anything in your description)
I think the bank also accumulates your assets. which is your savings inside your bank to see if you are eligible for the credit card
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04-08-2011, 05:37 PM
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#3 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,476
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There are soooooo many reasons why you wouldn't be approved, and obviously you have done something wrong if they don't give you a basic card. Did you apply for like a $500 limit?
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04-08-2011, 05:48 PM
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#4 | | Meow
Join Date: Dec 2010 Location: Burnaby
Posts: 1,284
Thanked 652 Times in 215 Posts
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I am working part time and have been since I was 14. I am currently making 700 a paycheck. I have a small RSP atm and no savings atm. I applied for a basic 500 limit. I just want a card to start building credit. I was declined at TD and at capital one I was only accepted for a sercure card which I don't want. Posted via RS Mobile | |
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04-08-2011, 08:30 PM
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#5 | | Banned (ABWS)
Join Date: Jun 2010 Location: Canada
Posts: 1,566
Thanked 383 Times in 155 Posts
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^ Just apply for the secure one, use it for 6 months...then switch to a normal one.
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05-01-2011, 04:06 AM
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#6 | | 14 dolla balla aint got nothing on me!
Join Date: Jun 2002 Location: Vancouver
Posts: 610
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When I turned 19, I apply for a Student Visa credit card from RBC and I got approved even when I listed my income as $0. I told all my friends if they want one, go there and apply and all of them got approved too. Then after a very long time, they figure that I probably isn't a student anymore and gave me a regular credit card. I still have that card and they gave me a Gold Visa without me even having to apply for it. But that was a long time ago and it might be different today. Posted via RS Mobile | |
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05-01-2011, 08:14 AM
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#7 | | Wunder? Wonder?? Wander???
Join Date: May 2005 Location: Vancouver
Posts: 201
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If you put $500 into a GIC, you will be able to get a $500 limit Visa. I did that with Vancity when I turned 19 and used it to build credit. When the GIC expired, I just took it out and used it. It was just a form of collateral in the beginning.
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05-01-2011, 11:16 AM
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#8 | | My homepage has been set to RS
Join Date: Oct 2010 Location: Burnaby
Posts: 2,025
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Try applying for different cards?
When I turned 19 I got declined by RBC Visa, but was able to get a BMO Student Mastercard.
After building some credit I was able to get the RBC Visa that I wanted
__________________
Electrician.
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05-01-2011, 12:39 PM
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#9 | | Even when im right, revscene.net is still right!
Join Date: Feb 2005 Location: VEGAS
Posts: 1,387
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try scotia bank.
i find that they are the easiest for loans and cards
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05-02-2011, 06:23 PM
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#10 | | Raping Captured Dolphins since 2002 on EZ board days
Join Date: Jul 2002 Location: Hong Kong
Posts: 6,251
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Maybe the banks see you as a liability considering your money management decisions: http://www.revscene.net/forums/car-l...t-t643438.html
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05-02-2011, 06:23 PM
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#11 | | RS has made me the bitter person i am today!
Join Date: Jul 2007 Location: ♠
Posts: 4,847
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Maybe it is not that you have bad credit or that you have none
__________________ Quote:
Originally Posted by Outreach Fuck your Mother, chump. | | |
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05-02-2011, 08:10 PM
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#12 | | Revscene.net has a homepage?!
Join Date: Dec 2004 Location: Coquitlam
Posts: 1,247
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"Bad Credit Without Doing Anything"
maybe that's the problem 
try capital one,
or get a secured card,
gotta start your credit somewhere
__________________
E70 4.8i
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05-31-2011, 07:14 PM
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#13 | | 14 dolla balla aint got nothing on me!
Join Date: Sep 2008 Location: richmond
Posts: 676
Thanked 280 Times in 59 Posts
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Originally Posted by MTV Cribs When I turned 19, I apply for a Student Visa credit card from RBC and I got approved even when I listed my income as $0. I told all my friends if they want one, go there and apply and all of them got approved too. Then after a very long time, they figure that I probably isn't a student anymore and gave me a regular credit card. I still have that card and they gave me a Gold Visa without me even having to apply for it. But that was a long time ago and it might be different today. Posted via RS Mobile | I was a student when I applied at TD and they asked me a bunch of questions. I ended up not hearing from them at all. RBC gave me one with no problems at all. All they asked was my address to see which branch was closest to my home so I could pick it up easier. Go get one from RBC. Their customer service is much better imo.
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06-01-2011, 02:35 AM
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#14 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Jan 2005 Location: Vancouver
Posts: 9,443
Thanked 3,504 Times in 1,162 Posts
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I got declined the first time @ CIBC when I turned 19.
When I received the letter, I got pissed and bitched at them on the phone.
After that I got my visa.
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they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
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06-01-2011, 06:03 AM
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#15 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Dec 2003 Location: burnaby
Posts: 1,871
Thanked 471 Times in 151 Posts
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ya know what's better then credit? cash.
just keep saving up and with a big enough down payment, your credit won't matter.
or just go to a canuck/lions/etc game and sign up for the mbna mastercard. it asks for household income, include everyone and you're good.
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06-29-2011, 07:11 AM
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#16 | | RS Lurker, I don't post!
Join Date: Jun 2011 Location: Port Coquitlam
Posts: 4
Thanked 0 Times in 0 Posts
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A couple of things you should know:
-No credit is just as bad as poor credit
-The more credit cards you apply for the worse it is for your credit rating.....applying for many cards/loans etc lowers your beacon score which will make it more difficult for you to get approved for a credit card.
If you dont know what a Beacon score is, here is an explanation: a single number that summarizes your credit situation and shows lenders what kind of risk you're likely to be as a borrower.
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