I honestly think they are really tigheting up the requirements and getting more "conservative" on how much they are giving and underwritting is looking for more reasons to decline people due to the flood of applications.. I think a few people slipped through the cracks initially and got off with great credit lines of 25k when there previous highest was 1500 or whatever
. Good for them... Other that obviously deserved it mainly got them, but people in the 700's are getting decined now. I think the money is running out. I was declined and only a SP, on ICE so no way they can make it a HP
@CreditCuriousity wrote:I honestly think they are really tigheting up the requirements and getting more "conservative" on how much they are giving and underwritting is looking for more reasons to decline people due to the flood of applications.. I think a few people slipped through the cracks initially and got off with great credit lines of 25k when there previous highest was 1500 or whatever
Maybe not?!?! I applied on 9/25/2014 at 10:18:04 AM EST and I just checked my status <again> - I have been stalking their page about every hour and my loan status *just* changed to APPROVED. I have not received any type of email, but again this just changed in the last 20-30 minutes. I clicked on view loan;
Approved Card: VISA PLATINUM- CASH REWARDS
Credit Limit: $30,000.00
I also clicked on View Docs and received the following;
"The requested loan does not have any associated loan documents. If you believe this to be an error, please contact our office(s): (301) 249-1800"
*WAIT* JUST GOT THE EMAIL;
Congratulations! Your Credit Card application has been approved!
Credit Card Approval Details:
Card Type: Visa Platinum- Cash Rewards
Credit Line Amount: $ 30,000.00
Rate: 13.900% APR
Minimum Payment: 2% of your total balance, or $25, whichever is greater
So now what's the next step?!?
Has it went to funded? Also you might be one of the people with 750+ score that deserves the high limit, if so congrats! I wish everyone the best, athough i didn't get approved.
Looks like I got declined for a PLOC (fortunately they made their decision before close of business, so I didn't have to wonder about it all weekend long). Reasons for decline were "Insufficient Number of Satisfactory Trades. Limited credit experience." I assume the first point is either a reference to low number of TLs with high limits or low number of TLs with low util... which makes some sense, as they can't see all of the new TLs I've gotten this month (only my WF and Macy's are reporting so far) or all of the BT I've done from my lower limit cards to my Slate. The second point is a little odd given that most of my new cards aren't reporting yet... without them, my AAoA is a little over 7 years, which is short but not THAT short. Ah well, my foot's in the door with the $10K CL card, so I'll be able to demonstrate my worthiness as a valued customer... and no HP taken, so I'll chalk this whole mess up as a win
@CreditCuriousity wrote:Has it went to funded? Also you might be one of the people with 750+ score that deserves the high limit, if so congrats! I wish everyone the best, athough i didn't get approved
It just went from PENDING to APPROVED in the last hour, so no on the funded question. My fico TU is 780, but my EX is only 720 - dropped 30 points over the last two weeks due to a # of inquries, but now it is going up as the new accounts come online. I went to the garden.. and then NASA frenzy hit so I jumped out when I heard SP. Now I am spooked about a comment made earlier about how having a 30k line on card could adversely impact my credit limits on my other new accounts? In short, I opened up 43k in the last two weeks (not including the NASA card) - 7 new accounts. I was only an AU before on an open account and had a about 4 closed revolving accounts, closed mortgage, closed car loan - no baddies. All CRAs were screaming that I did not have enough revolving credit; I may have overshot!
^Then you're all set.
It would say it where mine says it here:
