Reply
New Visitor
TommyL
Posts: 7
Registered: ‎03-20-2013

Explain to me why I was declined for a airline credit card

I just applied for a airline credit card but I was declined with the reason HIGH RISK Status on my credit.

Here my current status:

I make over 40K with 13yr on my current job
I never ever make any late payment
NO mortgage payment
NO car payment
NO balance on my credit cards except for the one I use to purchase for everything and pay off at the end of the month
I have some credit cards with 12K-24K credit line rarely use and 4K credit line use to purchase goods every day for cash rebate.

 

My Credit Score: Equifax 807,  Experian 813 and TransUnion 814

I applied LOWES credit acrd about 6 months ago.

Can anyone explain more why I was declined for a Airline Credit Card.  The reason that I need a Airline Credit Card because I am planning travel more in the future

Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013

Re: Explain to me why I was declined for a airline credit card

What card company I would try for reconsideration. Are those fico or fako scores.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge
New Visitor
TommyL
Posts: 7
Registered: ‎03-20-2013

Re: Explain to me why I was declined for a airline credit card

NO ...Theses are real my credit score

Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: Explain to me why I was declined for a airline credit card

My only assumption would be that your credit lines are close to, or exceed your income.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Explain to me why I was declined for a airline credit card

Where did you get your EX score from?



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
mirachi
Posts: 142
Registered: ‎01-05-2013

Re: Explain to me why I was declined for a airline credit card

[ Edited ]

TommyL wrote:

I just applied for a airline credit card but I was declined with the reason HIGH RISK Status on my credit.

Here my current status:

I make over 40K with 13yr on my current job
I never ever make any late payment
NO mortgage payment
NO car payment
NO balance on my credit cards except for the one I use to purchase for everything and pay off at the end of the month
I have some credit cards with 12K-24K credit line rarely use and 4K credit line use to purchase goods every day for cash rebate.

 

My Credit Score: Equifax 807,  Experian 813 and TransUnion 814

I applied LOWES credit acrd about 6 months ago.

Can anyone explain more why I was declined for a Airline Credit Card.  The reason that I need a Airline Credit Card because I am planning travel more in the future


You didn't specify how many cc's you have between 12K and 24K but assuming you have 1 cc @ 12K, 1 cc @ 24K, and another @ 4K, you're already at 40K...

 

EDIT: missed the "over" bit in income but I'm assuming your available CL are still pretty close to your income


Last app 5/7/2014

No apps until 3/31/2016!
Regular Contributor
ceemee2203
Posts: 201
Registered: ‎07-27-2012

Re: Explain to me why I was declined for a airline credit card

Have you received your denial letter yet? That will give you the reasons for your denial. Then you can call to re-con with answers to each of their concerns.

Which CCC?
Current Cards: AMEX Green, AMEX BCE ($15.2k), AMEX SPG ($6k), Arrival ($7.5k), Merrill+ ($7.5k), Freedom ($5k)

4/14 - 762 Fico (Barclaycard)
Frequent Contributor
mikka1
Posts: 269
Registered: ‎12-28-2011

Re: Explain to me why I was declined for a airline credit card

I might be wrong, but the fraud prevention system might have flagged your application exactly because of overall "stability" of your portfolio and your usage pattern - if you haven't applied for a new card for years showing stable use on one of your existing cards, than there might be a huge risk of identity theft and someone else applying for the new card impersonating you. This is especially true if you tried to apply to some lower-tier card and/or card that might have immediate access line (e.g. to purchase tickets, like Amex Delta or Citi Expedia).

 

Anyway, what I've mentioned above is just speculation with that limited amount of information you provided, so you best shot might be to call recon line and ask what exactly they were concerned about...

In my wallet now: Amex PRG NPSL, Amex BCE $15k $17k (thanks to recent CLI), Chase Freedom 11k, CSP $6k, Chase United ME $5k, Citi Dividend $5.6k, Discover It $4.5k and a handful of other cards...
TU Dec 2013 - 752Sep 2013 - 764 - new all time maximum
Established Contributor
scenery_guy
Posts: 952
Registered: ‎07-24-2012

Re: Explain to me why I was declined for a airline credit card

What card or bank? 

New Visitor
TommyL
Posts: 7
Registered: ‎03-20-2013

Re: Explain to me why I was declined for a airline credit card

All credit cards balance is Zero. I pay off every month for the one that I use everyday for foods, Gas, books, etc.....


jsucool76 wrote:
My only assumption would be that your credit lines are close to, or exceed your income.




myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+