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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.