Credit Cards Center Credit cards from our partners
Reply
New Visitor
Posts: 5
Registered: ‎04-19-2007
0

Brammy - Is this common?

[ Edited ]
A while back I got an offer for a low interest rate credit card. I called to ask about it because I wanted to transfer a high rate card balance to a much lower interest rate.
 
They said I was declined (I wanted a $9000 or so limit)....but in the mail a couple of weeks later I got an actual card, ready to go with a limit of $3000.

Is that common? I figured since I was declined that was end of story. The person on the phone didn't say anything about a lower limit etc yet I got a card in the mail, info on the limit, and the peel of label that said to activate it call the automated #....I was kind of shocked to say the least. I now have an extra card that I don't use but figured in an emergency it might be good to have. I haven't activated it though.


Message Edited by terri on 04-19-2007 10:42 PM
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Brammy - Is this common?

Non uncommon. Just because you were declined for what you asked does not always mean you won't get something.
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
0

Re: Brammy - Is this common?

You can request a higher limit in a few months, provided you've been paying on time, not exceeding the current limit, etc.
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Member
Posts: 44
Registered: ‎04-17-2007
0

Re: Brammy - Is this common?

A better idea would be to save up $3K in an instant access savings account for emergencies- Capital One has one that pays ~5% interest.   Then shred that card (but don't close the account - the extra 'room' on your CR will be handy)
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Brammy - Is this common?

Shredding the card will mean it eventually goes inactive. Don't shred the card. Just use it for small purchases once in a while and then pay the purchases off promptly. And bug them for CLIs every six to nine months or so.
- - - -
in a credit-scoring postnuclear Stone Age...
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.