Westpac lending/credit criteria?

Status
Not open for further replies.

fgray30

Junior Member
Joined
Aug 31, 2004
Messages
16
Points
0
Hi,

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??

Thanks
 
G

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..
 

wleong

Intern
Joined
Jan 26, 2003
Messages
87
Points
0
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 :)
 
Status
Not open for further replies.

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..
Top