04-21-2009 04:27 PM
Tried to pay for my $6 dinner tonight and was declined.... called on my way home and got transferred to credit, they did there QUARTERLY review yesterday (yes every 3 months they are looking at you) and closed the account.
she said history with them (I pay in full every month and use my entire cl always - $1k, reduced 2 since opening at 3k)
she said my score has dropped 80 points since opening the account (mortgage that was included in my bk keeps reporting, so I don't dispute that and have talked to them about it before)
she says they only really care about score but wouldn't tell me what score was needed to get or keep an account but I'm guessing 650 is magic number since I was just above that when I got approved.
going to pull my credit now, will update with any other changes that I don't know about!
04-21-2009 04:33 PM
Sorry to hear that Creditaddict. I just got a Cabelas card and was planning on using it to death (PIF always of course) for the rewards to add up. I was approved with a 65? ish TU fico, and only got $500, so I think that is probably their magic number. Now though I am scared! I would really like for this card to grow with me. Hmmmmmmm!
Again sorry to hear it.
04-21-2009 04:45 PM
I just pulled, I'm a 643, she says I need to contact Equifax for why there score is lower than 630 yesterday and mine today is 643, she wouldn't tell me the exact number they got yesterday but also told me a 650 would no longer qualify to have my account re-opened, they have made there standards higher.
The report is clear of the bad mortgage I talked of before, there is a duplicate auto loan (1. Infiniti Financial, 2. Nissan Financial, I think they bank is pulling a fast one on the credit agency by reporting under 2 different entities and they are getting away with it so far because Equifax will not remove for duplicate account and that's hurting me.
I'm still upset my account was closed but I can live with it I guess because my score is actually come up 12 points since 2 months ago when it was 632 with the bad mortgage reporting.
04-21-2009 05:14 PM
04-21-2009 05:22 PM
I loved the card too! I guess in the end I just loved them because they gave me the card but they are nice to talk to kind of like Nordstrom but I guess VERY skittish.
Anyone I can get to replace it with EQ 643? or should I just sit and wait my 6 months with Alliant?
04-21-2009 05:27 PM
04-21-2009 08:34 PM
04-25-2009 06:06 PM
My mom got notice today in mail, Cabela's closed there credit card also. Mind you they have had this card for probably 10 years and had a STARTING CL of $16,000. back in probably 2001 when we didn't know it doesn't hurt you to have available credit, my mom lowered it to $1000 and every year since then they have increased it and believe it was at just $2000 now and they also NEVER carry a balance on it and don't use it for anything but cabela's probably 4 times a year or so, maybe more in deer season.
No one is safe anymore!
04-25-2009 11:01 PM
six month ago I got a Cabela card with a 2K Limit. It was put on my credit report then three weeks went by never got the card so I called them and was told my account was closed because they couldn't verify things on my CR. So on the phone I stayed with this idiot woman who ask me some really stupid questions like who's my sister, how many siblings I have and crap like that. They ended up pulling another CR only for them to say no. They pulled EQ and score was 720 or so.
They removed the tradeline from my CR and I effectively dispute bother inq which were eventually deleted and never look back at Cabela.
04-25-2009 11:12 PM
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.