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Not enough premium bank accounts on CLI What?

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Joecooltech
Regular Contributor

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?

Message 1 of 8
7 REPLIES 7
boomhower
Valued Contributor

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. 

Message 2 of 8
blondy250
Established Contributor

Re: Not enough premium bank accounts on CLI What?

I'm not surprised.
Fico 8 12/9/17
Equifax 850, TransUnion 842 10/30/17 , Experian 842 12/11/17 . AAOA 12 years Oldest 20
No inquires since 2014
All credit reports frozen
Fico 8 Equifax Bankcard 866 12/27/16
Message 3 of 8
Revelate
Moderator Emeritus

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!)




        
Message 4 of 8
calihlove75
Established Contributor

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 Smiley Happy

 

877- 379-8173

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 5 of 8
LS2982
Mega Contributor

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.



EQ FICO 548 3/3/16
Message 6 of 8
blondy250
Established Contributor

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?
Fico 8 12/9/17
Equifax 850, TransUnion 842 10/30/17 , Experian 842 12/11/17 . AAOA 12 years Oldest 20
No inquires since 2014
All credit reports frozen
Fico 8 Equifax Bankcard 866 12/27/16
Message 7 of 8
Joecooltech
Regular Contributor

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

Message 8 of 8
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