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I applied for an Ameriprise World MasterCard in a recent minispree because I heard they pulled TU. Applied on 12/24 and got the 7-10 day notice. I just checked their online status tool and it says declined because of "Too few accounts with sufficient satisfactory performance."
TU FICO is 720 with 7 TL's reporting -- all positive. Oldest is 26 months and AAoA is about 1/2 year. I have 2 INQs -- one was from the day before and one from 7 months ago. Three of 7 TL's opened about 7 months ago.
They pulled TU immediately on applying, but yesterday they also pulled EX which is similar in all respects to TU, but has 9 TL's reporting -- all positive.
I wonder how many open accounts they want to see?
Any suggestions for recon? Telephone number?
866.408.4064 to speak directly with the credit dept
Ameriprise is a good card, unfortunately issued by moronic Barclay. Give them a call, they are known for reconsideration approvals.
@wmarat wrote:866.408.4064 to speak directly with the credit dept
Ameriprise is a good card, unfortunately issued by moronic Barclay. Give them a call, they are known for reconsideration approvals.
Wonderful! Will do!! Thanks a million!
@Anonymous wrote:I applied for an Ameriprise World MasterCard in a recent minispree because I heard they pulled TU. Applied on 12/24 and got the 7-10 day notice. I just checked their online status tool and it says declined because of "Too few accounts with sufficient satisfactory performance."
TU FICO is 720 with 7 TL's reporting -- all positive. Oldest is 26 months and AAoA is about 1/2 year. I have 2 INQs -- one was from the day before and one from 7 months ago. Three of 7 TL's opened about 7 months ago.
They pulled TU immediately on applying, but yesterday they also pulled EX which is similar in all respects to TU, but has 9 TL's reporting -- all positive.
I wonder how many open accounts they want to see?
Any suggestions for recon? Telephone number?
It's not the number of accounts - it's the short history. Less than three years history and and an AAoA of six months pretty thin. Many prime to uberprime issuers are not going to like that.
@creditwherecreditisdue wrote:
@Anonymous wrote:I applied for an Ameriprise World MasterCard in a recent minispree because I heard they pulled TU. Applied on 12/24 and got the 7-10 day notice. I just checked their online status tool and it says declined because of "Too few accounts with sufficient satisfactory performance."
TU FICO is 720 with 7 TL's reporting -- all positive. Oldest is 26 months and AAoA is about 1/2 year. I have 2 INQs -- one was from the day before and one from 7 months ago. Three of 7 TL's opened about 7 months ago.
They pulled TU immediately on applying, but yesterday they also pulled EX which is similar in all respects to TU, but has 9 TL's reporting -- all positive.
I wonder how many open accounts they want to see?
Any suggestions for recon? Telephone number?
It's not the number of accounts - it's the short history. Less than three years history and and an AAoA of six months pretty thin. Many prime to uberprime issuers are not going to like that.
That's one thing I was thinking, too.
Just the way they worded the reason seemed a bit confusing. You can take it two ways:
1. Not enough positive TL's; or
2. Not enough TL's that they define as satisfactory (i.e. over 3 years old).
I wonder if it is worth a recon? Or if I can call them and PC my application for a different Barclays product?
It's not 1). You have plenty enough reporting TL's. They're just not old enough.
Of course you should persue recon of your app. All denials should be recon'ed!
@creditwherecreditisdue wrote:It's not 1). You have plenty enough reporting TL's. They're just not old enough.
Of course you should persue recon of your app. All denials should be recon'ed!
Call for the recon for no other reason than...they can only say no again, and you've already been hit with the hard inq's....so why not!?
@creditwherecreditisdue wrote:
@Anonymous wrote:I applied for an Ameriprise World MasterCard in a recent minispree because I heard they pulled TU. Applied on 12/24 and got the 7-10 day notice. I just checked their online status tool and it says declined because of "Too few accounts with sufficient satisfactory performance."
TU FICO is 720 with 7 TL's reporting -- all positive. Oldest is 26 months and AAoA is about 1/2 year. I have 2 INQs -- one was from the day before and one from 7 months ago. Three of 7 TL's opened about 7 months ago.
They pulled TU immediately on applying, but yesterday they also pulled EX which is similar in all respects to TU, but has 9 TL's reporting -- all positive.
I wonder how many open accounts they want to see?
Any suggestions for recon? Telephone number?
It's not the number of accounts - it's the short history. Less than three years history and and an AAoA of six months pretty thin. I was approved with 3 y..o history and 1.2 AAoA . Many prime to uberprime issuers are not going to like that. BARCLAY IS NOT PRIME.