Reply
Frequent Contributor
Posts: 488
Registered: ‎04-09-2008
0

Re: Citi approved for only $2k... other CLs are $10-21k

If your running at 12% util why do you need mored cards? I think you may hit the point of diminishing returns in applying for more credit. Your AAofA and 6 inquiries have knocked things out of whack. Take care of the ones you have.
Established Member
Posts: 18
Registered: ‎07-15-2008
0

Re: Citi approved for only $2k... other CLs are $10-21k

[ Edited ]

moondog7324 wrote:
If your running at 12% util why do you need mored cards? I think you may hit the point of diminishing returns in applying for more credit. Your AAofA and 6 inquiries have knocked things out of whack. Take care of the ones you have.

I want to take advantage of their 12 month 0% APR offer to finance a business that I started. same with the other card... 0% APR on Balance transfers, and no BT fee for 12 months.

 

 

The problem is that lenders give us credit lines that they have absolutely no intention of honoring. With a $2k line I have to worry about them slamming me with CLDs if I ever have more than $1k on it at a time. With a $20k line I can revolve only $8-10k before they scrutinize me. and maxing a $20k CC out (even though I make 4x that per year) is asking them to close down ALL my cards. Now I am only planning to revolve about $5k-8k for the duration of the 0% offer. So that is why I'm asking for a larger credit line. If they gave me $5k of REAL credit and let me use all of it for the next 12 months without giving me grief, then I'd have nothing to argue about.

 

 

Message Edited by rratss on 02-18-2009 12:51 PM
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.