Unprecedented Speed: Standard Chartered Bank Sets New Record for Credit Card Approvals, Yet Some Endings Disappoint

[credit_noob]

Hi everyone,

I recently applied for a Standard Chartered rewards credit card through an agent/employee, and it was a bit of an unusual experience. The agent applied for the card using a laptop, which I found strange as it was the first time I had seen someone apply in that manner.

Here's a timeline of the application process:

- 12:00 pm: Application filled out.
- 12:11 pm: EKYC completed with just Aadhar OTP authentication.
- 12:35 pm: VKYC completed, during which I was asked multiple questions about my income, position grade, addresses, and the product I applied for. It was the longest KYC process I have ever experienced.

I did not receive any notification confirming the success of the VKYC.

- 1:45 pm: I received a message saying that SMS banking had been successfully activated. I was unsure about what this meant.
- 2:29 pm: I received an email stating that my application had been approved and that the card would be dispatched soon. The email also included the terms and conditions in a PDF format.

Here are some additional details about my application:

- CIBIL Score: 801
- Last 3 months' enquiries: 5
- Last 15 days' enquiries: 2
- Number of new cards added to the report in the last 2 months: 3
- Highest credit limit: ₹3.2 lakh
- Account age: 7 years and 7 months

I was disappointed to discover that a single application resulted in two hard enquiries on my CIBIL report.

 

[Sourabh_13]

Well, that I have been doing with all banks since last five years. But I have always reported the true income. Firm's name is my institute's name only. Also, for the designation that I put in the forms (Research Assistant), I have official documents of my institute saying the XYZ amount of fellowship to be given to me for being a Research Assistant.

according to scb, now you're employed and working in a firm with annual income.

Congratulations! You're no longer student.

 

[Sourabh_13]

Is it normal to get an email from SC saying your card has been activated without doing anything? This is written in the first email that I received intimating me about the application approval. The second mail I received from SC asks to activate the card. Attaching the screenshots below.

 

[credit_noob]

Is it normal to get an email from SC saying your card has been activated without doing anything? This is written in the first email that I received intimating me about the application approval. The second mail I received from SC asks to activate the card. Attaching the screenshots below.

View attachment 68372View attachment 68373

While posting on public forums always hide card numbers

 

[Sourabh_13]

While posting on public forums always hide card numbers

Updated the post