Credit Card Center Advertiser Disclosure† |
Sylviatob wrote:
BoysMum, I too went over the cl many years ago(I've had 2 cards for over 8 years each). It resulted not only in the OL fee, putting me up to the default interest rate of 29.99%, but also Cap1 froze my future cl's for 5 full years!
One time when I was talking to an acct. specialist, she told me that going over the limit, or being late will kill your ability to get a cli for a lonnnnggggggg time. I believe her.
But sticking it out, paying on time, my cl which started out at $300 is now $3,200 with the permanent deletion of the AF and the monthly fee.
Ouch! 5 years!! I'm going to call the credit department today to find out if that's why they won't give me a new card either. At least they never boosted my interest rate, so I count myself lucky. I decided to call them so I could find out exactly what is killing our relationship - ie, does the OL on this account mean that they won't let me get into a better product? I'm almost completely certain they didn't pull my reports, so I need to talk to them about how things have changed. At the same time, I think it'll be a great opportunity to learn something about how they function. At least that's my hope!
Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12Yes, please do call the back door number to the account specialists. They are very friendly, and you can actually carry on a conversation with them about your accounts, and cards in general. And if you ask them a question and they don't know the answer, ask them to transfer you to their supervisor, who prolly has the answers. That's what I do!
Sylviatob wrote:
BoysMum, get into a better product? No. I don't think it will kill your chances if you apply for another card....unless of course your scores are low or if you have some baddies.
Yes, please do call the back door number to the account specialists. They are very friendly, and you can actually carry on a conversation with them about your accounts, and cards in general. And if you ask them a question and they don't know the answer, ask them to transfer you to their supervisor, who prolly has the answers. That's what I do!
That's what I thought too, when I finally quit waffling back and forth and applied last night. It got denied and I'm almost totally sure that they didn't go off my CR's, but my account history with them. I don't know 100% though and will find out when I call tonight.
My credit is better now than it was back when I got this account originally and even the backdoor specialists said I'd handled my account great - BUT still not able to wavie AF or give CLI. I can handle the lack of CLI, but not paying that big AF... too high!!
I'll check in with the new credit department and see if they can explain why I was denied a new account. I'll post the answer when I find out.
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.
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.