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Valued Member
Posts: 42
Registered: ‎02-17-2012
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Not enough premium bank accounts on CLI What?

So about a month ago I tried for a CLI on my Walmart store card. The letter I got back said not enough premium bank accounts. What in gods great land of credit does that mean ?  What should i do?

Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
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Re: Not enough premium bank accounts on CLI What?

I'd say they mean prime lender like Chase, Citi, Amex, etc.  That's the first I've ever seen that kind of decline reasoning. 

Frequent Contributor
Posts: 486
Registered: ‎01-03-2013
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Re: Not enough premium bank accounts on CLI What?

I'm not surprised.


As of 4/3/15
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Re: Not enough premium bank accounts on CLI What?


boomhower wrote:

I'd say they mean prime lender like Chase, Citi, Amex, etc.  That's the first I've ever seen that kind of decline reasoning. 


Amex had similar with their reportedly declining some folks having a FP tradeline, think there's a number of other examples too.

 

OP: Out of curiosity, could you briefly describe what tradelines you do have on your report for us?  Likely would be useful for everyone else chasing CLI's on Wally cards (like me!)

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Registered: ‎05-16-2012
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Re: Not enough premium bank accounts on CLI What?


Joecooltech wrote:

So about a month ago I tried for a CLI on my Walmart store card. The letter I got back said not enough premium bank accounts. What in gods great land of credit does that mean ?  What should i do?


LOL, I have never heard of that reason. Why don't you call the backdoor number. I always get declined using the automated system and it is usually because of my student loans! However, I have never been turned down when I call and talk to the credit analyst :smileyhappy:

 

877- 379-8173

100% Ficos: EX 773 , TU 772, EQ 771 Inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-2/0/0~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $11,000~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $19,400~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Not enough premium bank accounts on CLI What?

Sounds like they dont like those sub prime cards on your file.

1st ive ever heard of that denial reason.



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Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
Posts: 486
Registered: ‎01-03-2013
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Re: Not enough premium bank accounts on CLI What?

Probably more of an issue if all you had was subprime cards, First Premiere etc. what else do you have in your file? What are your scores?


As of 4/3/15
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Registered: ‎02-17-2012
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Re: Not enough premium bank accounts on CLI What?

cards cap one almost every GE card to many to list creditone amex zync home depot best buy score 652

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