How do you deal with this?

[armbenderc]

Dear ArmbenderC,

This letter is in reference to your credit card issued by XXXX Bank

We are unable to grant your request for a credit line increase to your account for the following reason(s):

*High amount of credit available from other accounts.

Consumer Reporting Agency Information

Trans Union

Credit Score 735

Score range from 300 to 850.

So, um, this mean no future auto CLI or CLI? I have numbers of cards that I no longer need. Should I cancel them? That would free up about 10k in CL.

[enharu]

Call the recon and propose the idea of closing other accounts or moving CL over. If they can't promise you anything over the phone then its best to re-evaluate how much you want a CLI on this card before deciding whether to close the other accounts

[armbenderc]

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@enharu wrote:
Call the recon and propose the idea of closing other accounts or moving CL over. If they can't promise you anything over the phone then its best to re-evaluate how much you want a CLI on this card before deciding whether to close the other accounts

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Another problem that I forgot to mention is the cards that I am planing to close is OLD.. I mean OLD, from 2008. It has no AF and real reward. I rather keep it open. I might have to wait and let my scores increase and INQs drop and try again.

Just as you said. I am not closing anything. I will call them in 6 months and try again I guess.

Forgot to mention. This is a SP or I would have a heart attack on a wasted INQ.

[SnackTrader]

Do they have your most recent income information?

They may be basing the decision off of income numbers you provided at application...

[armbenderc]

@snacktrader, no I didn't include my rental income that I get. That another 15k, but I feel that I shouldn't have too since I PIF on all my cc.

[myjourney]

What lenders was it?