09-21-2011 11:21 AM
They pulled EX and this is the reason they gave:
As of September/2011 your credit score is 0957. Credit scores range from a low of 0 to a high of 999 The Key factors that adversely affected your credit score are: o Your credit report shows too few credit references. o Your credit report shows your accounts have a low credit limit. o Your credit report shows too many accounts were opened recently.
I guess they are looking for score of 999 based on their model
I have 1 year of credit history:
9/2010 WF Secured (CL $1000)
1/2011 CapitalOne Platinum (CL $750 (started at $500), no AF version - preapproved)
8/2011 BofA Cash Rewards (CL $2500, preapproved)
Inquiries: TU 2, EX 6, EQ 1 (before apping for Citi Forward).
I also applied for Chase Freedom on the same day before Citi Forward and they approved me for $6000 CL.
I closed WF Secured yesterday as they ware not going to graduate it after 1 year and I was not willing to pay AF.
I guess I'll try Priceline 2% VISA now before Chase Freedom reports screwing my already low AAoA.
09-21-2011 11:27 AM
1yr of credit history and you got approved by Chase for $6000? WOW!! That is a rare case and congrats! Chase is a very conservative lender.....you should be happy and garden. With 1 yr of credit history and a new CL from Chase for 6K, you are not going to get more lenders committing to you, unless you have a big salary or HHI. Garden for 6 months than app for another card you want....GL.
09-21-2011 06:04 PM
im surprised chase gave you a decent limit, but citi nothing. i assumed chase was harder to get in with than citi.
kind of lame since i want the forward in about a year, and i would have similar credit history to you(in a year probably $750 cap1, $1000+ amazon store, $2000 Boa). maybe ill wait until 18 months of history and some more CLIs.
let us know how it goes when you talk to citi on the phone. i would definitely mention the fact that chase game you $6000 freedom, but they might need to see it report on your credit reports.