Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,286
Registered: ‎05-15-2013
0

Credit Care denial

I was gardening but I need an MRI so I took the leap and applied for the Credit Care credit card.  I was denied.  It says my score is 627 thru TU and I have other GE cards.  I was not expecting a denial.  I read the threads on here and asked for more than I needed so they could counter.  I called and she said that regardless of what I asked for if they were going to approve me they would have approved me for the lesser amount.  (as in I wasn't denied for asking for too much)

 

Denial reason were:

-too many credit inq's (not sure how many I have right now, I didn't think it was THAT many tho)

-highest ratio of revolving balance to credit limit is too high

-ratio of open account balances to open credit limit is too high

-total age of accounts is too low

 

I have about 40% utl right now. AAoA is 1y 9m. 

 

Does any one have any suggestions or am I just out of luck??

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Epic Contributor
Posts: 25,865
Registered: ‎10-23-2007
0

Re: Credit Care denial

I don't know GE to almost ever recon a denial... they can only usually recon a limit.

If your util is on the other GE accounts that would be your biggest denial reason.

Fico Scores 8: EX 694. TU 689. EQ 658. 05/26/2015
Valued Contributor
Posts: 1,286
Registered: ‎05-15-2013
0

Re: Credit Care denial

My other GE is an Old Navy card with $300 CL and $60 balance.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Credit Care denial

As CreditAddict stated, GE will not recon a computer denial.

Perhaps you can have someone cosign for you.
Valued Contributor
Posts: 1,286
Registered: ‎05-15-2013
0

Re: Credit Care denial

[ Edited ]

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Epic Contributor
Posts: 25,865
Registered: ‎10-23-2007
0

Re: Credit Care denial


Shellie wrote:

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?


no it counters what they can approve for vs what you asked for.

Fico Scores 8: EX 694. TU 689. EQ 658. 05/26/2015
Established Contributor
Posts: 561
Registered: ‎08-17-2013
0

Re: Credit Care denial

[ Edited ]

Maybe it's the 1yr AAoA.

 

CareCredit seems to be tightening up a bit. They lowered a whole bunch of very high CL's, as a result of the split.

Senior Contributor
Posts: 9,325
Registered: ‎10-21-2012
0

Re: Credit Care denial


Creditaddict wrote:

Shellie wrote:

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?


no it counters what they can approve for vs what you asked for.


+1

 

The decision is based on your credit profile amongst a few things, not what you asked.

Valued Contributor
Posts: 1,286
Registered: ‎05-15-2013
0

Re: Credit Care denial

Well it stinks!  I definitely could've used it. 

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Senior Contributor
Posts: 3,482
Registered: ‎11-30-2007
0

Re: Credit Care denial

Me 630's...$1500 instant.  Called for a cli and bumped to $2500, which is what I needed.

DH 670's...$2500 instant.

 

Hope this helps.

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.