Velocity Credit Card Rejection
Nov 20, 2018, 4:38 pm
#1
Original Poster
Join Date: Dec 2000
Location: Cambridge, UK
Programs: Qantas Gold; BA Silver; Virgin Australia Platinum; Virgin Atlantic Gold
Posts: 336
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).
Nov 20, 2018, 7:28 pm
#2
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-GM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 8,242
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.
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.
Nov 20, 2018, 7:30 pm
#3
Original Poster
Join Date: Dec 2000
Location: Cambridge, UK
Programs: Qantas Gold; BA Silver; Virgin Australia Platinum; Virgin Atlantic Gold
Posts: 336
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.
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.
Nov 20, 2018, 7:36 pm
#4
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-GM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 8,242
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.
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.
Nov 20, 2018, 7:40 pm
#5
FlyerTalk Evangelist
Join Date: Apr 2001
Location: MEL CHC
Posts: 21,018
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/
Nov 20, 2018, 7:45 pm
#6
Original Poster
Join Date: Dec 2000
Location: Cambridge, UK
Programs: Qantas Gold; BA Silver; Virgin Australia Platinum; Virgin Atlantic Gold
Posts: 336
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/
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.
Nov 20, 2018, 7:46 pm
#7
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-GM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 8,242
They do? I've never heard of this, if you have any reference I'd be keen.
Nov 20, 2018, 8:09 pm
#10
Original Poster
Join Date: Dec 2000
Location: Cambridge, UK
Programs: Qantas Gold; BA Silver; Virgin Australia Platinum; Virgin Atlantic Gold
Posts: 336
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.
Nov 20, 2018, 8:12 pm
#11
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-GM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 8,242
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.
Nov 21, 2018, 1:47 pm
#12
Suspended
Join Date: Aug 2010
Location: DCA
Programs: UA US CO AA DL FL
Posts: 50,262
I'm still skeptical. Card issuers (banks) have underwriting standards and those are available to the regulators (often in more than one country). I'd be interested, along with several others who have posted as well, in the source of your data as it would be extremely enlightening.
Nov 23, 2018, 3:43 am
#15
Join Date: Oct 2007
Location: Tasmania, Australia
Programs: M&M SEN, Amex Plat, Club Carlson, Marriott, HHonors & Accor Gold, Velocity Silver, Qantas Bronze
Posts: 3,767
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).