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I don't get it... Someone please help me understand!

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Anonymous
Not applicable

I don't get it... Someone please help me understand!

Alright let's jump right to it!

Made mistake in the past a couple of my CC went default, my student loans went default.

For the last few years I couldn't get any CC but secure cards of 200-500$... As I was getting those cards I also finally found a job!

now it has been 3 years I have been paying for those defaulted accounts and all my previous collection CC have been paid off 3 years ago, I kept on using those secured cards (Cap1)

And as the years goes by I am getting better and better CC. I cut all the secured cards and cards with yearly fees.

As of last week I was with 3 CC (1k, 750, 750). I was browsing online and why the hell not applied for a Amex blue Everyday... Approved with 8k

 

FICO: 704

Credit: 675

Income: 100k

 

Well if Amex is giving me a shot why not try with the others... WRONG

Applied with Discover... Approved with only 1k CL

Applied for a Chase Freedom Prefered... Letter... Probably Declined.

Resquested a CLI with Barclay, my old 1K card... declined

 

Someone help me understand... What should be my next move?

i have been for the past 3 years on time every time and pay way more the min payment.

 

thanks

 

 

Message 1 of 43
42 REPLIES 42
longtimelurker
Epic Contributor

Re: I don't get it... Someone please help me understand!

A few things:

 

Issuers have different criteria, and different criteria for each card.   Everyday is new, so they may be pushing it by lowering minimum requirements.  In any case, Amex isn't harder than the others, it's not a simple ordering

 

Different reports might be pulled.   So one issuer sees something different from another, which can also influence the decision

 

The pull from Amex would have lowered your score.

Message 2 of 43
Stralem
Established Contributor

Re: I don't get it... Someone please help me understand!

Call recon and plead your case. The numbers for the lenders you mentioned can be found with a quick forum search.

 

Regardless of what you do, you're going to have to fight for more credit until those charge offs fall off your reports. Good luck.

I Have Way Too Many of These.

American Express - No CLI or Appreciation Gift in 7 Years

Citibank - Handing Out Credit Limits Like Candy

Chase - Surprisingly, Still Tolerating My Credit-Chasing Ways

Bank of America - My Newest Bae.

Everyone Else.
Message 3 of 43
Anonymous
Not applicable

Re: I don't get it... Someone please help me understand!

It wasn't a question of hard or easy...

why would Amex accept my application and award me with 8k

and yet get a low 1k with Discover and 2 decline with my current CC and Chase?

Message 4 of 43
longtimelurker
Epic Contributor

Re: I don't get it... Someone please help me understand!


@Anonymous wrote:

It wasn't a question of hard or easy...

why would Amex accept my application and award me with 8k

and yet get a low 1k with Discover and 2 decline with my current CC and Chase?


My point 1, issuers have different criteria, for both acceptance and CL.

 

 

Message 5 of 43
Anonymous
Not applicable

Re: I don't get it... Someone please help me understand!

Alright... Understood.

you seam to have lots of cards, what would you think the best course of action is moving foward?

i mean it has been 3 years I am paying all my loans a month a the time and never miss any payments, loans or cards.

remaining balance is about 20k.

All I am trying to do is get to a high CL overal so that my % Usage goes down!

i don't use CC that much I mainly use my Debit for all my purchases.

 

so techincaly my overal Credit should be: 8+1+1+.75+.75 or 11.5k

Message 6 of 43
Creditaddict
Legendary Contributor

Re: I don't get it... Someone please help me understand!

call chase backdoor number now... I bet they tell you they need to transfer you to security and you answer those 3 questions right and they will give you your instant approval and CL now.

call the backdoor for barclay and have a chat too.

Message 7 of 43
Anonymous
Not applicable

Re: I don't get it... Someone please help me understand!

Whats that backdoor thing? With my past hick up I kinda gave up on CC. Grown up a little since then and now I realize that not using CC is silly. But given my past record it has been difficult getting credit.

Any help is appreciated!

Message 8 of 43
Creditaddict
Legendary Contributor

Re: I don't get it... Someone please help me understand!


@Anonymous wrote:

Whats that backdoor thing? With my past hick up I kinda gave up on CC. Grown up a little since then and now I realize that not using CC is silly. But given my past record it has been difficult getting credit.

Any help is appreciated!


http://ficoforums.myfico.com/t5/Credit-Cards/Backdoor-Numbers/m-p/408066

Message 9 of 43
leegreen
Frequent Contributor

Re: I don't get it... Someone please help me understand!

I could be wrong but after Amex gave me a 15k credit limit when other approvals were 1 to 2k I think Amex weighs income more than others. It took me going to the Capone EO to get them to 3k and I have had that card for a while.
06/26/2014 - Gardening until 7/1/15
NFCU NavCheck 15k, cashRewards VS 14k, nRewards 14k
Amex BCE 15k, CapOne Quicksilver MC 3k, USAA Platinum MC 2k, Discover It 1k
Jared 5.1K, Zales 5k, Lowe's 15k, Home Depot 5k
Message 10 of 43
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