Applied at City National branch in SF (150 California St) on Friday. They validated my parking which was nice ($7 for every 30 minutes, it took me an hour to apply). Received a call saying I was approved today (Tuesday). The banker said it would take 2~3 weeks for me to get the card in the mail, which seems oddly slow, especially if I have to spend $5k in 90 days.
Application itself took about 45 minutes and did not require nearly as much information/documentation as others have reported. They asked me:
- SSN (obvi)
- Married/single
- Own/rent
- Monthly rent/mortgage payment
- Liquid assets
- Cash
- Brokerage/investments
- Retirement accounts without withdrawal penalties
- Non-salary forms of income (alimony, etc...)
- Employer
- Length of time at employer
- ID (drivers license)
Oddly enough, they did not ask for my annual income, W2, pay stubs, or anything related how much I make. Maybe they are loosening their requirements? Or I just look rich? (jk, I do not). Prior to coming in, they did ask if I knew my credit score and I responded that I did not know exactly, but that it was 800+.
Hope this helps anyone who plans on applying!
I had a very similar application experience last fall in southern CA. No income verification etc. I also don't "look rich." Maybe this varies by branch?
Last edited by soartoday; Jan 31, 2019 at 4:29 pm