Hi Point hackers,
My first post here, and would really appreciate your views!
My wife applied for the Westpac Altitude Black credit card this morning, in the hope to get the 100,000 bonus points, but got rejected!
Here is her basic financial circumstances, and I couldn’t understand why she has got rejected. Her income is more than $100k before tax, her share of mortgage is around $2000 a month, other expense say $2000. No other debts. She only has one ANZ card with about $10k limit I believe, and never got rejected before for any home loan or credit cards.
She called Westpac, and was told that their surplus formula calculates a negative result, and the guy did not understand what the formula actually is. Can someone help me reconcile what is going on here? Does a rejection like thing significantly affect her credit score/
Thanks a lot for the help!