Your OakStone Gold Card approval odds are pretty good as long as you aren’t carrying too much debt and you don’t have major red flags such as an ongoing bankruptcy on your credit report. You’ll need enough income to pay your bills each month, too. Applicants can get approved with a bad credit score of 639 or below, however, so even a low credit score shouldn’t hold you back. Keep in mind that you will need to provide a security deposit of at least $200 to open the OakStone Gold Card account.
The OakStone Gold Card can help cardholders build or rebuild their credit scores. But before applying for the OakStone Gold Card, you should compare it to the other credit cards for bad credit that are currently on the market, to make sure you find the right fit. If you end up getting denied for the OakStone Gold Card, consider applying for a credit card with no credit check.
To contact the OakStone Secured Mastercard® Gold Credit Card reconsideration line, call (888) 403-4783. The OakStone Gold Card reconsideration line is a way for denied applicants to request a second review of their application and potentially get the denial overturned. In the case of OakStone Gold Card, the reconsideration line is the same as the general OakStone customer service number.… read full answer
If you call to request reconsideration from OakStone, make sure you are prepared to make an argument for why you should be approved. You will typically only have a shot at overturning a denial if you can prove that your financial profile is better than it appeared on your initial application.
For example, if your credit score went up significantly or you got a raise since you applied, you could argue that you are now more creditworthy. Alternatively, if you were denied because of incomplete or incorrect information on the application, you could ask for reconsideration after fixing that error.
At the end of the day, you probably won’t be successful in overturning your denial, but there’s no harm in trying.
The OakStone Gold Card gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your OakStone Gold Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.… read full answer
In addition to the regular interest rate, OakStone Gold Card also charges a separate 22.99% (V) interest rate on cash advances. All OakStone Gold Card interest rates will be listed on your statement and on your online account summary.
The OakStone Gold Card exchange rate is Mastercard’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Mastercard exchange rates change daily, the OakStone Gold Card foreign fee is always 3% of the transaction in U.S. dollars.
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