Decline In I've Been Approved Threads

[Anonymous]

I notice there have been a decline in i've been approved threads which I'm not surprised they where just talking about this on the news saying allot of banks are just not extending allot of new credit right now because of the economy. An in allot of cases its not because of your credit it's because most banks out now are just not sure of there future.

Message Edited by mjbfan79 on 02-03-2009 07:50 AM

[haulingthescoreup]

Not to mention that a lot of us are in hunker-down mode. I had toyed with the idea of getting Discover and Kohl's once my new accounts hit 12 months, but I have no interest in doing that now.

[Red1Blue]

I have to start saying what Hauling is saying. I have no more desire to app. I really would like to get an Amex Credit Card and Discover Card. I have no interest any more.

[Anonymous]

As others have already stated, I'm in a place where I have enough credit, and no more desire to App for anything.........UNLESS someone is offering a card with a better rewards program than PENFED..

[llecs]

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haulingthescoreup wrote:
Not to mention that a lot of us are in hunker-down mode.

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I'm firmly entrenched in my credit bunker. Tap the door three times when it is safe to come out. I'm afraid to trigger something bad. At least all of our APRs are automatically dropping. No CLIs though.

[oracles]

Another item to worry about when requesting new credit or additional credit is CCC thinking you already have too much credit. This is why I am not asking for cli's on my current cards.

My goal is to get a Penfed and I waiting for all my inquiries to drop off before applying. I don't want Penfed to state I already have to much credit for my income.

It is best to have a goal of getting a particular card and then hope that will stop you from applying.

Don't want to trigger anything and want to be in the best position in getting a Penfed.

[FretlessMayhem]

I too am locked away in the credit-bunker. I already received AA from Amex.

[MidnightVoice]

Well, I guess I could start one - I got a USBank visa (boring standard no rewards low APR) last week 

But I thought anout the pros and cons before I did it;

pro - I bank with them, overdraft protection if I screw up, possible AA by someone else, only 1 inq on EQ about to drop off, no new accounts for over a year

con - age effects (minimal), inq (will be only one on EQ next month), possible AA because of new credit.

So I went for it

[dizzier]

No credit apping for me. NO CLI requests for me. No APR requests for me. No anything that would require the CCCs to take an additional look at my CRs for me.

I'm trying to avoid AA as much as possible. AMEX will be at zero in a week. WAMU is at zero. MACYs is at zero. BOA has a $800 balance which will go away in a couple months. After that, I'll be praying that I come out of this crisis with my CC accounts in tact.


*crapping bricks*

[Anonymous]

I liken this credit card crisis to dating in high school, where the fear of rejection far outweighed the positives of acceptance.

I would love a new card or two, but it appears that nobody is in a giving mood despite receiving money which was intended to loosen up the lending so that we can spend more to help jump start the economy.