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Moderator
09Lexie
Posts: 24,411
Registered: ‎09-13-2012

Re: New cards and CL's - Fidelity WTH?

Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: New cards and CL's - Fidelity WTH?


09Lexie wrote:
If I apped, it would be my first BoA cc.

then your chances would be good that they start you off with a nice limit. And if you do have quite a bit invested with them then you can easily get 10k with them to start...:smileyhappy:



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





New Contributor
GatorGuy
Posts: 351
Registered: ‎06-02-2013

Re: New cards and CL's - Fidelity WTH?


HiLine wrote:

BofA is usually very good with credit limits. Could it be you already have too much credit with them? 2 car loans and a mortgage is quite some debt, from an underwriter's perspective.

 

If you decide to try recon again, perhaps don't ask for 30 times the current limit ...


I don't have any other debt or cards through them. This was the first. I realized now that maybe I would have gotten something if I had asked for less but she asked me that right at the beginning. I was hoping it was a mistake or something.

If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800
Moderator
09Lexie
Posts: 24,411
Registered: ‎09-13-2012

Re: New cards and CL's - Fidelity WTH?

You could always try again. I guess they don't do the counteroffer thing.
Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: New cards and CL's - Fidelity WTH?


GatorGuy wrote:

HiLine wrote:

BofA is usually very good with credit limits. Could it be you already have too much credit with them? 2 car loans and a mortgage is quite some debt, from an underwriter's perspective.

 

If you decide to try recon again, perhaps don't ask for 30 times the current limit ...


I don't have any other debt or cards through them. This was the first. I realized now that maybe I would have gotten something if I had asked for less but she asked me that right at the beginning. I was hoping it was a mistake or something.


honestly, asking to go from a 1000 approval to 30K is alot! I would think you could have told them 10k or even 5k just to get a decent limit in the door and then grow from there. Well, you got approved so the HP didnt go to waste.



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





New Contributor
GatorGuy
Posts: 351
Registered: ‎06-02-2013

Re: New cards and CL's - Fidelity WTH? - update

I called again and got an increase to $5k. I guess its something to work with.

If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800
Blogger
HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: New cards and CL's - Fidelity WTH? - update

Congrats!!! They did give me a 6X CLI one time, so hopefully that's a vote of confidence. :smileywink:
New Contributor
GatorGuy
Posts: 351
Registered: ‎06-02-2013

Re: New cards and CL's - Fidelity WTH? - update


HiLine wrote:
Congrats!!! They did give me a 6X CLI one time, so hopefully that's a vote of confidence. :smileywink:

Haha, would LOVE that but I won't be counting on that with how our relationship is starting. Anyways, thanks for the advice guys. Sometimes you just have to work with what a company will give you.

If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800

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