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TommyL
Posts: 7
Registered: ‎03-20-2013
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Re: Explain to me why I was declined for a airline credit card

These credit scores from my Citi Identity Monitor

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ryanbush
Posts: 1,292
Registered: ‎08-19-2012
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Re: Explain to me why I was declined for a airline credit card


TommyL wrote:

These credit scores from my Citi Identity Monitor


Then they aren't your real credit scores. They are FAKOs

 

Experian doesn't make you're FICO public, you have to be denied for credit or get AA in order to get that score.

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
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TommyL
Posts: 7
Registered: ‎03-20-2013
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Re: Explain to me why I was declined for a airline credit card

I pay monthly to monitor my credit from Citi Identity Monitor. How can be fake????

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ryanbush
Posts: 1,292
Registered: ‎08-19-2012
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Re: Explain to me why I was declined for a airline credit card


TommyL wrote:

I pay monthly to monitor my credit from Citi Identity Monitor. How can be fake????


Because Citi is selling you fake scores, the only way to get your real FICO scores is to buy them from myfico.com or to apply for credit, be denied (or not get the best interest rate) and wait for the lender to provide them to you.

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
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09Lexie
Posts: 26,593
Registered: ‎09-13-2012
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DrJim
Posts: 382
Registered: ‎10-26-2009
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Re: Explain to me why I was declined for a airline credit card

TommyL

 

You asked how they can be fake - they're not fake credit scores, they're just not FICO credit scores.  FICO is a company - Fair Isaac COrporation.  Some 90% of lenders use FICO credit scores, so they are the standard in the field.  Unfortunately, people use the term FICO as a synonym for credit score.

 

Think of it this way - all Kleenix is facial tissues, but not all tissues are Kleenix.  FICO is Kleenix.

 

Many different financial institutions will sell you a credit score, but it is their own consumer product, not a FICO.  So, we credit snobs refer to them as FAKO's.

 

But there is one important question that has been asked that you have not answered - WHAT FINANCIAL INSTITUTION ARE YOU TALKING ABOUT?  The airlines do not offer the cards; they offer the cards through AMEX, Citi, etc.



Starting Score: TU 672 EQ 654 10/20/09
Current Score: TU 775 EQ 783 EX 799 (PLUS)
AMEX Delta Platinum $35K, NFCU Visa Signature $30K, HHonors Reserve Visa $35K, WF $13.5K,
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09Lexie
Posts: 26,593
Registered: ‎09-13-2012
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Re: Explain to me why I was declined for a airline credit card

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crunching_numbers
Posts: 1,093
Registered: ‎02-15-2012
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Re: Explain to me why I was declined for a airline credit card

Hi TommyL, and welcome to The boards.

There is a lot to learn here, and there are some cold hard facts that most consumers do not realize. The first was pointed out to you- credit scores are not all created equal. FICO scores are special, and the scores used by most lenders. The scores you get from other places, including the credit bureaus are just numbers. They are not used to determine whether you will get credit or not.

Another thing we learn from this site is that when we ”pay in full" makes a difference. Paying after the bank sends us a statement means that balance has shown up on our credit report as debt we owe, and affects our FICO score. If we pay the bank before the statement happens, and let the statement show $0 due, our FICO score is not affected negatively.

To better understand some of these unwritten rules, and maybe what might be negative on your report that you do not know about, keep reading this site.

If you share which airline card you applied for, we might be able to help you more.

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (20.7K), BofA Travel Rewards ($17.5), B&N World MC ($17.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (15K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig ($8.6K), Disc It ($8K), Citi Dia Pref MC ($3.7K),Sam's D ($8.5K), Wally D ($7.5K), JCP($5.3K)
New Visitor
TommyL
Posts: 7
Registered: ‎03-20-2013
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Re: Explain to me why I was declined for a airline credit card

Actually I don't need more any credit cards. I have so many pre approved credit mailed to me.  Because I am planning travel more that why I apply the card for free ticket. It was very suprised when I was declined for a card. My house and my cars were pay off, NO balance on any cards. I have a card that I use evereyday but I pay off when I get statement. No late payment of  any kind.My job is stable. I still don't get it.. I don't need to fight for that.  I will use my AMEX. Thanks for all your answers

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09Lexie
Posts: 26,593
Registered: ‎09-13-2012
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Re: Explain to me why I was declined for a airline credit card


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