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Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: cash+?

See if they can use that hard pull to get you another product. That way it isn't a wasted INQ. Explain that you would like to become a customer and want them to give you a shot with some kind of product. Then in 6 months or so apply for a CLI and PC.

 

US bank likes to see FICO's around 720 and DTI under 30%. I am an odd exception not an example of approval.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: cash+?

I don't think Amex would have approved you either with your util ratio being this high. I would recommend you try to do what dust link recommended.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
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Posts: 27,207
Registered: ‎09-13-2012
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Re: cash+?

Definitely try and see if they will work with you on another cc - maybe explain why your util is so high. 😬
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Established Contributor
Posts: 638
Registered: ‎09-18-2011
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Re: cash+?


Dustink wrote:

See if they can use that hard pull to get you another product. That way it isn't a wasted INQ. Explain that you would like to become a customer and want them to give you a shot with some kind of product. Then in 6 months or so apply for a CLI and PC.

 

US bank likes to see FICO's around 720 and DTI under 30%. I am an odd exception not an example of approval.


I agree with this as well!  


Starting Score: EQ=665,TU=618 on Oct 9,2010
EQ=702,TU=725 on Apr 11, 2012 EQ=705 on Oct 31, 2012 Current Score: EQ=702, TU=714 on Dec 8, 2012
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Valued Contributor
Posts: 2,179
Registered: ‎01-09-2012
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Re: cash+?

So I asked for a different card and it was a no go. Still because of debt to income

In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
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Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: cash+?

If you have a valid reason for having so much debt on CCs, you can try explaining it. For example maybe you have 0% promo right now and you have the cash sitting around in your bank account, and you didn't pay it off only because its 0%.... Sometimes that reason flies, though they might ask u for docs afterwards
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
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Re: cash+?


afbar1114 wrote:
So I asked for a different card and it was a no go. Still because of debt to income

So your debt to income is too high?

 

Like you have a large mortgage, auto loan, ect and it equals a DTI that US Bank is not okay with. Or you have high utilization?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
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