Ameriprise -----> Shot Down

[Anonymous]

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? 

[wmarat]

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.

[Anonymous]

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@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.

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Wonderful!  Will do!!  Thanks a million!

[wmarat]

My pleasure.

[hemi961]

Don't give up on them yet as that is a very good card to have. The 1/2 year AAofA is possibly what they meant when they cited insufficient satisfactory performance. Time will take care of that. I opened my Ameriprise account in June with a $10,000 CL and when my 6th statement cut yesterday they gave me a $2,000 auto cli. Best of luck, give them a call and if that doesn't work try again once your accounts have aged a little.

[creditwherecreditisdue]

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@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? 

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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.

[Anonymous]

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@creditwherecreditisdue wrote:

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@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? 

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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.

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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?

[creditwherecreditisdue]

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!

[BungalowMo]

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@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!

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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!?

[wmarat]

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@creditwherecreditisdue wrote:

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@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? 

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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.

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