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.
Happy dance! Congrats!
Congrats! That 2k limit could become 6k in 61 days!
Thank you! That's what I'm hoping.
Thank you. Lovely dance moves you have there!
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.
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.