Seriously, What Is Happening to Me?
So yup! TD rejected my new credit card application and I don’t care.
This is my first ever Credit Card rejection. I hated Scotiabank when I first arrived in Canada because they didn’t want to increase my $500 limit. Now, I hate TD. However, I will continue my efforts to take advantage of their offers, bonuses, and deals.
Never say NO to free legal morally accepted money!
As I mentioned on a previous post reviewing Travel Credit Cards, I intended to apply for new Credit Cards in 2021 to take advantage of Bonuses.
Last night, I applied for my first Tangerine Credit Card and claimed a $100 Amazon Visa Card for the free Tangerine World Mastercard.
You can read the details of the application and how to claim your $100 here.
What I Think Caused the “Can’t Approve It, Call Us”
I got 2 TD Credit Cards last year in Feb 2020 and Oct 2020. The cards are TD Aeroplan Visa Infinite and TD Cash Back Visa Infinite Credit Card. I have already cancelled the Cash Back Visa Infinite after spending $2000 and got the 10% cash back ($200).
I also received 35000 Aeroplan Points from TD Aeroplan Visa Infinite and planning to cancel it next week.
Technically, I believe when I applied for the new card TD First Class Travel Visa Infinite to get the 60000 TD Points (Exchangeable for roughly $200 Amazon Gift Card), the system’s algorithm worked well identifying me as a “Credit Card Bonus Collector” ended up not approving my Credit Card.
I should have taken the hint. What do I mean? When you apply for any TD product, it gives you below screen initially. As I am a TD customer (No Chequing accounts, only Credit Card), I logged in my account.
However, TD without asking any questions, showed me a weird message right after the log in and the normal “We are processing your information. Please wait.”
Unfortunately, that offer has expire! They could have provided a better message before I bother applying as a new TD Client. I thought it is a system bug but didn’t realize their developers didn’t have enough creativity for the messages. Live and learn!
From how it looked like, the application didn’t even get submitted for a Credit check and the soft rejection came from TD directly.
Hey, TD! I Got Others Covering Me!
But no worries, I ACCEPTED TD’s CHALLENEG and applied for two other Credit Cards with other banks. Both got automatically approved.
You can read the details of my newest Credit Cards and how I am going to earn more free money here.
Yup, that is what happens when I am bored on a Saturday night! I will report back in a month with my credit card score when it gets updated. Let’s see how it got affected by these multiple hard credit checks.