12-04-2012 08:25 PM
Well they say they only allow people to open one account per year, so that could be it. I do not know how real this rule is because I only have card through them, but I am just saying what they have said.
12-04-2012 09:23 PM
12-05-2012 07:50 AM
I have 3 card opened with GECRB in last month. I got NP with it
12-21-2012 10:00 PM
I opened 4 accounts in November with GE.
and no problem plus i opened
So I am going into the garden and attempt to increase my score. I believe it depends on when and and your entire credit profle but I am not a expert. Very new to this and the Forums have helped me alot.
12-22-2012 01:56 AM
I think you opened up too many GE accounts too soon. They were probably concerned of potential identity theft. You most likely set off a fraud alert in their system. Most store cards are backed by GE these days. I think I opened a total of 4 GE accounts but I spaced my apps apart. I opened one in May then three months later I opened a second again. And the last two a month later.
I say to pick the two cards you'd feel would be most beneficial to you and call and request to have the accounts reinstated. They will probably ask you why you app'd for so many store card. Be honest about it.
12-22-2012 02:16 AM
04-16-2013 04:52 PM
04-16-2013 05:03 PM - edited 04-16-2013 05:04 PM
04-16-2013 05:24 PM
Yeah, I think you opened too many at once and that created the Red Flag. I never do anything too risky. I would have tried 2, wait that is what I did! I opened a Wal-Mart card and a Belks card and certainly did not use them too much, in fact I never used the Belks card. I left it opened and asked for a CLI after a bit and I also asked for a CLI on the Wal-Mart card twice. I used the Wal-Mart card and added AU's to the account. It was used a bit around Christmas and then PIF. In January I app'd for the PayPal Rewards MC and they gave me a limit of $1500. After the third month they doubled the limit. I certainly was happy with that. After Christmas the Wal-Mart card was only used twice for gas, this helped them to know that I was not going to go hog wild.
I think the fact that I did not use the Wal-Mart Card and Belks card and the my util is always below 10% overall are the factors that helped me get a doubling of the PayPal card. That and maybe the fact they noticed all the spending was happening out of state, so maybe they realized I was on vacation or work so they knew they could tempt and reward me. The CLI happened right at the end of my vacation, so that might have been part of the reason. I was using the card, which does have some better rewards than others. I had a history with them on that card and the others of doing the right thing. In fact I almost always PIF even before the statement cut. I do this to insure that not too many balances show up on the credit report as I want to get an Amex one day in the future, not the near future even though they keep sending me invites. (I even have a prepaid Amex for the same reason, I read here somewhere that increases the likelihood that you will get a card with a good limit. I figure that if I transfer a few thousand dollars there over time that they will know this and help me get approved, even if I close that Merrick Card in my siggy.)
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.