Velocity Credit Card Rejection
Is there any way to ask Virgin Australia to influence acceptance of applications for the Velocity Credit Card? I've been rejected 3 times even though I have no obvious credit issues and I'm a Platinum Velocity FF. I even have a Coles card with Citi so they can see that I spend a reasonable amount and pay it off reliably (maybe they don't want me because of my reliable payment record).
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I doubt it. Virgin Australia is not a bank or a creditor, and a couple steps removed from the credit card company (seeing as Velocity is even a separate company).
Which bank is it? I was rejected twice by Westpac, and I went down to an actual branch and they helped me out. Turns out I was rejected based on incorrect information in their system. I went from rejected to getting card with a $40k limit. Go figure. |
Originally Posted by CPMaverick
(Post 30451052)
I doubt it. Virgin Australia is not a bank or a creditor, and a couple steps removed from the credit card company (seeing as Velocity is even a separate company).
Which bank is it? I was rejected twice by Westpac, and I went down to an actual branch and they helped me out. Turns out I was rejected based on incorrect information in their system. I went from rejected to getting card with a $40k limit. Go figure. |
That's interesting then if you are a current Citi customer. Perhaps they have a limit on cards issued per person? Otherwise, like you said they should know your credit very well.
It's possible that your limit on your Coles card is the maximum they will offer you, which leaves no room for another card. Perhaps you can ask to reduce that limit, then try again. |
Originally Posted by sam
(Post 30450524)
Is there any way to ask Virgin Australia to influence acceptance of applications for the Velocity Credit Card? I've been rejected 3 times even though I have no obvious credit issues and I'm a Platinum Velocity FF. I even have a Coles card with Citi so they can see that I spend a reasonable amount and pay it off reliably (maybe they don't want me because of my reliable payment record).
The cc you are applying for (to get sign up points?) is just branding. And someone will be clipping the ticket for a small %. If you have been rejected 3 times in recent times they will have a reason to reject. May not be valid or for what you consider important, but that is what it is. (Too much with citi?) Rejections may be recorded on your credit score https://www.moneysmart.gov.au/borrow.../credit-scores https://www.canstar.com.au/credit-sc...credit-rating/ |
Originally Posted by Mwenenzi
(Post 30451079)
Virgin Australia and Velocity are separate company with separate ownership and management. (VA does not own Velocity).
The cc you are applying for (to get sign up points?) is just branding. And someone will be clipping the ticket for a small %. If you have been rejected 3 times in recent times they will have a reason to reject. May not be valid or for what you consider important, but that is what it is. (Too much with citi?) Rejections may be recorded on your credit score https://www.moneysmart.gov.au/borrow.../credit-scores https://www.canstar.com.au/credit-sc...credit-rating/ I've checked my credit record and can't see any issues. |
Originally Posted by sam
(Post 30451094)
I am aware that the companies are separate, however, other airlines with similar co-branded credit cards have agreements with their credit card partners to ensure that premium frequent fliers are unlikely to be turned down.
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Originally Posted by CPMaverick
(Post 30451096)
They do? I've never heard of this, if you have any reference I'd be keen.
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I've never heard of such an agreement by a carrier with a bank to overlook credit deficiencies. If you've got any examples, those would be very helpful.
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Originally Posted by Often1
(Post 30451130)
I've never heard of such an agreement by a carrier with a bank to overlook credit deficiencies. If you've got any examples, those would be very helpful.
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It sounds like an old wives tale to me. Banks are strictly regulated and I'm not sure influence by a (biased) third party on the issuing of credit would be acceptable. Like I said, if you can provide evidence, I'll glady read up on it, as I'd be interested to see how it can work. But I'm skeptical.
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Originally Posted by sam
(Post 30451158)
I'm not suggesting banks would overlook clear deficiencies like defaults but I think many credit card issuers will reject applications for far less serious discrepancies.
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Originally Posted by sam
(Post 30451056)
Citibank. I have considered writing to them. This is my fallback.
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Originally Posted by Nugget_Oz
(Post 30457555)
This may be the problem, Citibank doesn't have a Velocity co-branded credit card.
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Originally Posted by sam
(Post 30450524)
Is there any way to ask Virgin Australia to influence acceptance of applications for the Velocity Credit Card? I've been rejected 3 times even though I have no obvious credit issues and I'm a Platinum Velocity FF. I even have a Coles card with Citi so they can see that I spend a reasonable amount and pay it off reliably (maybe they don't want me because of my reliable payment record).
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