Westpac lending/credit criteria?

Discussion in 'Westpac Altitude Rewards' started by fgray30, Aug 31, 2004.

  1. fgray30

    fgray30 Junior Member

    Aug 31, 2004

    Does anyone have an insight to how Westpac (or other banks in general) decide on credit issuing? I currently have a gold mastercard with them and want to switch to the gold altitude mc/amex account. Would they treat it as a new app or would they see it as a straight swap??
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  2. Guest

    Guest Guest

    When they offered the altitude amex as a 2nd card, there was no credit lookup done, so.. looking at other banks, I see no reason why it wouldnt be a straight swap. However you will be paying a higher yearly fee, and you may be charged a fee for the amex too..
  3. wleong

    wleong Intern

    Jan 26, 2003
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    Most Banks (if not all) use a credit scoring system. The data is fed into the system and a decision is made based on your credentials. Eg How long have you been living at your address, stability of employment, ability to save etc :)

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