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Established Member
dlopez86
Posts: 13
Registered: ‎07-09-2010

Declined by Nationwide

I applied for nationwide credit card Thrusday,  just got a letter today and I was declined because it said I have insufficient credit history. Just wanted to see from other people who have been accepted what there credit history was when they applied.. My oldest card is from dec.08 and second oldest is march 09

Mega Contributor
Creditaddict
Posts: 18,877
Registered: ‎10-23-2007

Re: Declined by Nationwide

My mom was declined last week because of util.  I have seen other posters with util over 45% getting approved for 15k lines.  This bank makes absolutely no since to me when I read the people that have been approved and the people that have been declined. and then trying to recon seems like a shot in the dark.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
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Highest Limit: Fidelity Amex $25k (AU)
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Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009

Re: Declined by Nationwide


dlopez86 wrote:

I applied for nationwide credit card Thrusday,  just got a letter today and I was declined because it said I have insufficient credit history. Just wanted to see from other people who have been accepted what there credit history was when they applied.. My oldest card is from dec.08 and second oldest is march 09


Sorry to hear you were declined.

 

How old an account has to be before it isn't considered new is not easy to state with any certainty.  Some creditors consider it a "thin file" when your accounts are under a year old and yet others will say it is two or even three years. 

IAALBNYL
Established Contributor
andre181
Posts: 624
Registered: ‎07-29-2010

Re: Declined by Nationwide

Got my denial letter about a week ago, Reason: Excessive Obligations

 

My income is ~$30,000/year. Rent is $450 and Car payment is $272

 

Right now I have about 5% utli because I just charged all my books for school (about $590) which starts Aug 23.

 

Called for a recon. I should hear back by the end of this week. 

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Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009

Re: Declined by Nationwide


andre181 wrote:

Got my denial letter about a week ago, Reason: Excessive Obligations

 

My income is ~$30,000/year. Rent is $450 and Car payment is $272

 

Right now I have about 5% utli because I just charged all my books for school (about $590) which starts Aug 23.

 

Called for a recon. I should hear back by the end of this week. 


Sometimes there is no logic behind Nationwide decisions.  I can't see where anything you have described is excessive or even close to it.

IAALBNYL
Established Member
dlopez86
Posts: 13
Registered: ‎07-09-2010

Re: Declined by Nationwide

I guess i will just have to re-apply once my cards age a little more, since it sounds like they are hard to get a recon approved. I didnt think they would be as hard as citi and amex, I was approved for both a couple months ago

Valued Contributor
MrShush
Posts: 1,412
Registered: ‎04-18-2008

Re: Declined by Nationwide

 


dlopez86 wrote:

I guess i will just have to re-apply once my cards age a little more, since it sounds like they are hard to get a recon approved. I didnt think they would be as hard as citi and amex, I was approved for both a couple months ago


I think your problem are these 2 cards dragging down your AAoA.

 

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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Declined by Nationwide

 


MrShush wrote:

dlopez86 wrote:

I guess i will just have to re-apply once my cards age a little more, since it sounds like they are hard to get a recon approved. I didnt think they would be as hard as citi and amex, I was approved for both a couple months ago


I think your problem are these 2 cards dragging down your AAoA.

 


 

+1

 

Or just the fact that you have two new cards period, regardless of what your AAoA is.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
dlopez86
Posts: 13
Registered: ‎07-09-2010

Re: Declined by Nationwide

Perhaps that's the reason but I think only citi was showing on my report when I applied, also I would of thought they would say aaoa not sufficient instead of what they did say, it's alright though didn't absolutely need it just applied cause I heard they only pull tu
Established Contributor
happy0510
Posts: 804
Registered: ‎03-07-2008

Re: Declined by Nationwide


O6 wrote:

andre181 wrote:

Got my denial letter about a week ago, Reason: Excessive Obligations

 

My income is ~$30,000/year. Rent is $450 and Car payment is $272

 

Right now I have about 5% utli because I just charged all my books for school (about $590) which starts Aug 23.

 

Called for a recon. I should hear back by the end of this week. 


Sometimes there is no logic behind Nationwide decisions.  I can't see where anything you have described is excessive or even close to it.


+1


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