Reply
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Approved or Declined

Ignore the recommendations on CK, which, like on many sites including this one, are sponsered.   But, you can click on a card and get a lot of interesting data, albeit within the CK sample.  Shows you lowest and average (FAKO) score with the card in their DB, the distribution of CLs for that card and so on.    Just be aware of the limitations but you can compare within the sample, seeing that card X seems to have higher CLs on average than card Y.  (Of course, that doesn't mean that YOU will get a better CL with Y than X, but then nothing except applying gives that info!)

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Approved or Declined


09Lexie wrote:

CredittotheMax wrote:

eviLution wrote:
creditkarma is not reliable with their recommendations. I wasted quite a few inquiries because of them when I was very new to credit.

Thats true, they tell me to apply for cards that I already have.


The best is when they say chances of approval are poor for cards you already have AND received instant approval. 


That is indeed hilarious!!! :smileyvery-happy:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Approved or Declined


CredittotheMax wrote:

eviLution wrote:
creditkarma is not reliable with their recommendations. I wasted quite a few inquiries because of them when I was very new to credit.

Thats true, they tell me to apply for cards that I already have.


 

Same here, and it's hysterical -- after all, they already know what I have.

 

Another good one happened when I logged in today to check on my DH's credit. It's suggesting he do a BT on his Lowe's card -- which this month reported an approx $200 balance with relation to an $8500 limit -- to a Capital One Platinum Prestige MC. So let's see... transfer the balance for charges we're planning on PIF this month over to a card that doesn't even show any more on Cap1's website, and I believe has an AF to boot. Yeah, that makes a lot of financial sense. :smileylol:


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Established Contributor
Posts: 747
Registered: ‎10-15-2012
0

Re: Approved or Declined


bs6054 wrote:

Ignore the recommendations on CK, which, like on many sites including this one, are sponsered.   But, you can click on a card and get a lot of interesting data, albeit within the CK sample.  Shows you lowest and average (FAKO) score with the card in their DB, the distribution of CLs for that card and so on.    Just be aware of the limitations but you can compare within the sample, seeing that card X seems to have higher CLs on average than card Y.  (Of course, that doesn't mean that YOU will get a better CL with Y than X, but then nothing except applying gives that info!)


Where can I find the CL spread? All I see is the lowest and avg approved scores.


Starting Score: 515
Current Score: EQ04 675 EX04 702 TU08 724
Goal Score: 700+

Amex BCP $12300 | PSECU $10000 | Discover IT $9250 | Barclay Ring $6500 | Citi DC $6100 | DCU $5000 | Chase Freedom $4000 | PayPal Extras MC $3000 | US Airways $2400 | Cap 1 QS One $2000 | Cap 1 Platinum $1700 | Union Plus $1000 | Target $200
Frequent Contributor
Posts: 273
Registered: ‎01-01-2013
0

Re: Approved or Declined

The only thing I like about creditkarma is it actually notifes about things a day or two before my Amex credit monitor.

$5k$4.5k$2.8k$8k$500
FICO = EQ: 786 (1/15) TU:774 (2/15) EX: 767 (2/15)
Valued Contributor
Posts: 1,551
Registered: ‎11-10-2012
0

Re: Approved or Declined

Thanks for the info!

 photo Logo - Credit Card Collection - Data Inclusive_zpsyharlvpo.jpg
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.