![]() For both the Angel Card and the Angel VIP card (which you get by reaching $500 in spend), you get $10 for every $250 spent. Rewards: The Victoria’s Secret credit card offers different tiers based on your spending on it. $15 is less than the $500 rewards that major credit card issuers frequently offer for their products, so the pink credit card is not a winner on this count. Sign-up bonus: The Victoria’s Secret credit card gives you $15 off your next purchase. And by “a lot of readers” I mean “ Elaine in the comments last week.” So here you go, Elaine! Let’s take a look at the features, and please keep in mind that this is a store card valid only at Victoria’s Secret, not a Visa/MasterCard/Amex. These tend to be approved if all points of verification protocols = yes.Believe it or not, a lot of readers have asked me to write up the Victoria’s Secret credit card. I'm speaking adout Comenity and probably GE/Sync type accounts and not your local back, Credit Union or national banks like Chase or Citi or Barclays where the auto-approval is the same, but there are direct lender credit representatives that you can talk to for reconsideration of the computer generated results.Īdditionally, specific applications can fall in the "further processing" state where it queues into review by each respective new accounts department. ![]() ![]() This is a very (!) simple look at how the computer does instant approvals and is not inclusive of all the factors used, but it should help in understanding why instant approvals take 30 seconds and generally unless you follow up by calling, anything not instantly approved is "denied" with a letter. Crew is easier to get the say Mens Warehouse (just an example). On a "wholesale" level they store/business determines what levels are acceptible for their account such as starting credit limits, FICO and over all scoring, etc. this is a big company and based on their bio they service 125 retail cards - it's ALL done by computer: In general, accounts offered by comenity Bank ( Alliance Data Retail Services) either instantly approve or decline and say you'll get a letter or we are still "processing". I'm speaking about Comenity and probably GE/Sync type accounts and not your local bank, Credit Union or national banks like Chase or Citi or Barclays where the auto-approval is the same, but there are direct lender credit representatives that you can talk to for reconsideration of the computer generated results. Crew is easier to get then say Mens Warehouse (just an example). On a "wholesale" level the store/business determines what levels are acceptible for their account such as starting credit limits, FICO and over all scoring, etc. In addition the formula takes into account how "easy" the account is, such as VS and Express store cards are known to approve easier than say a Visa/MC such as Total Rewards Visa. ![]() X score and below = decline and "we'll send you a letter in 7-10 days"Īpproved X (times) another score (income less expenses times value of X score) = starting credit limit. Key data points on credit report (plus or minus) - Home ownership, time at present job, BK, Repo, Foreclosure, number of 30/60/90 late, age of lates, charge offs, etc This is a big company and based on their bio they service 125 retail cards - it's ALL done by computer: In general, accounts offered by Comenity Bank ( Alliance Data Retail Services) either instantly approve or decline and say you'll get a letter or we are still "processing".
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