08-23-2012 10:27 AM
I got approved for Blue Cash Preferred today. Yippee!!! I meant to wait until util came down some more but got impatient as I really wanted this card. The categories suit my spending habits very well.
For those who might be interested, my utilization is 46%. (Down from 76% in January of this year. I have a line of credit that's killing me but I'm finally getting the beast under control.) AoA is 7 years, no negatives at all. High utilization is the BIG problem.
I'd thought of applying for Zync first as recommended but BCP is what I really want, so I went for it. I decided to apply on the phone in the hope of avoiding the "under review" response. I figured I could answer all their questions and try for a recon right then and there if they denied me. Also, AMEX "pre-approval" site offered me plain Blue, Green and Gold, no BCP! I was hurt!
The limit is only 2K and the APR is 20.24 (I think) but the rep suggested I call in after 60 days and they would review both. I plan to pif, so the APR is of no consequence. I'm hoping to get my EX FICO since I didn't get the best terms.
08-23-2012 10:30 AM
08-23-2012 10:30 AM
Happy dance! Congrats!
08-23-2012 10:48 AM
Congrats! That 2k limit could become 6k in 61 days!
Thank you! That's what I'm hoping.
08-23-2012 10:49 AM
Thank you. Lovely dance moves you have there!
08-23-2012 10:55 AM
08-23-2012 12:32 PM
Congrats on the approval! I realized I wanted the BCP 2 minutes after I was approved for the BCE #FAIL!!!!!!!! Oh well, I will wait the year then PC.
08-23-2012 11:07 PM
Congrats! I got the same $2K limit & my util is also high. I have a feeling the low initial CL for ppl with high util might be bc the card comes with 0% apr for 1 year. But that's just a hunch.
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