topic Re: Sallie Mae Initial Limit Recon? - SUCCESS in Credit Card Approvals

Sallie Mae Initial Limit Recon? - SUCCESS

Santi78342 — Fri, 26 Sep 2014 19:30:07 GMT

So I applied and was approved for the Sallie Mae World MasterCard last night with a starting limit of $1.8k. Has anyone had any success reconning their starting limit? Did Barclay want to do another HP or were they able to use the same one?

Thanks guys

Re: Sallie Mae Initial Limit Recon?

chalupaman — Fri, 26 Sep 2014 02:52:53 GMT

Not sure since I've never had a card with them but definitely try recon and see what they want. I don't think there's any HP involved.

Re: Sallie Mae Initial Limit Recon?

sillykitty1 — Fri, 26 Sep 2014 03:27:38 GMT

Barclay's is very recon friendly. I successfully reconned my Arrival initial CL, and unsuccessfully reconned my Sallie Mae initial CL. I don't believe it was anything to do w Arrival vs. Sallie Mae, but looking at total credit extended by Barclays.

Re: Sallie Mae Initial Limit Recon?

Santi78342 — Fri, 26 Sep 2014 03:54:03 GMT

Great! I will call them tomorrow when I get a chance! Any advice on what to ask for? Is it a shoot for the sky and get countered like BofA? Or should I keep it modest?

Re: Sallie Mae Initial Limit Recon?

Shock — Fri, 26 Sep 2014 07:57:19 GMT

ask for a reconsideration on the credit limit. it will be a SP and they can use the same HP up to 30 days of the initial app.

shoot for the sky and say youll accept a lower limit.

Re: Sallie Mae Initial Limit Recon?

taxi818 — Fri, 26 Sep 2014 12:29:11 GMT

@Shock wrote:
ask for a reconsideration on the credit limit. it will be a SP and they can use the same HP up to 30 days of the initial app.

shoot for the sky and say youll accept a lower limit.

+1. All they can say is no. Sp. so no harm

Re: Sallie Mae Initial Limit Recon?

Santi78342 — Fri, 26 Sep 2014 15:04:59 GMT

Denied on my first recon attempt. Says the limit they gave me is right in line with my other limits. (My BofA 10k limit isn't reporting yet). I'll give it another short after I get off work.

Re: Sallie Mae Initial Limit Recon?

Anonymous — Fri, 26 Sep 2014 15:15:51 GMT

Congrats! Reconned for my starting Sallie Mae limit from $3300 to $10K and they used the hard inquiry on record. Also they issue Sallie Mae Platinum Master Cards for initial credit lines of less than $5000.

Re: Sallie Mae Initial Limit Recon?

JustinS — Fri, 26 Sep 2014 15:20:26 GMT

@Santi78342 wrote:
Denied on my first recon attempt. Says the limit they gave me is right in line with my other limits. (My BofA 10k limit isn't reporting yet). I'll give it another short after I get off work.

Don't give up or throw the towel in right away. Having said this I was able to get them to double my Sallie Mae from 2500 to 5k without issue. Recon of limits ends up often being talking/getting to the right person.

Re: Sallie Mae Initial Limit Recon?

Anonymous — Fri, 26 Sep 2014 15:23:31 GMT

Re: Sallie Mae Initial Limit Recon?

Anonymous — Fri, 26 Sep 2014 15:26:58 GMT

I, too, had a successful initial CL recon with Barclay. Computer spit out 2.5K on a Saturday. Called first thing Monday morning and spoke with the nicest UW'er known to man. Used they same HP with no fresh SP that I could find. Three minute call and she doubled it to 5K. Easiest recon ever. She was also the nicest individual I've ever spoken to at ANY financial institution!

Good luck on round two!

Re: Sallie Mae Initial Limit Recon?

Anonymous — Fri, 26 Sep 2014 16:18:49 GMT

Here is my recon story http://ficoforums.myfico.com/t5/Credit-Card-App-Approvals/Sallie-Mae-Card/td-p/3406107

Basically I called that number to recon and was approved for a higher limit with a soft pull. When the analyst asks what you want your limit to be, say the maximum I'm qualified for instead of giving a number. Maybe you will be approved for an even higher CL than you think.

Re: Sallie Mae Initial Limit Recon?

lord_kinbote — Fri, 26 Sep 2014 17:10:48 GMT

My initial CL was 3.5k that I opened on 9/18. I *just* called and talked to a rep and veified it would only be a SP due to being less than 30 days - they did inform me a HP would be required after 30 days. Anyway, I asked for the CL to be 10k and they went to 5k. They cited three new accounts as the reason and referenced a new citi account being at 9.5k. They asked why so many new accounts - I informed them I had opened around 7 new accounts. The reason stated was because I only had a few that were closed and 1 that I was an AU on. In short, that I needed to build up my file. They were not seeing the 6 additional, but they did see 3. Honestly, I am surprised they went up at all with the next activity.

Re: Sallie Mae Initial Limit Recon? - SUCCESS

Santi78342 — Fri, 26 Sep 2014 19:26:52 GMT

Round 2 went great! A very nice analyst bumped me all the way up to $5.5k! Thanks for all the tips and info from your own experiences! I appreciate it!

Re: Sallie Mae Initial Limit Recon?

Shock — Fri, 26 Sep 2014 20:47:02 GMT

@JustinS wrote:
@Santi78342 wrote:
Denied on my first recon attempt. Says the limit they gave me is right in line with my other limits. (My BofA 10k limit isn't reporting yet). I'll give it another short after I get off work.
Don't give up or throw the towel in right away. Having said this I was able to get them to double my Sallie Mae from 2500 to 5k without issue. Recon of limits ends up often being talking/getting to the right person.

mmmmm....i tried three or four times ans they all told me the same thing...darnit!

Re: Sallie Mae Initial Limit Recon? - SUCCESS

b_diddy — Fri, 26 Sep 2014 20:52:23 GMT

@Santi78342 wrote:
Round 2 went great! A very nice analyst bumped me all the way up to $5.5k! Thanks for all the tips and info from your own experiences! I appreciate it!

This is great. Congrats!

Re: Sallie Mae Initial Limit Recon? - SUCCESS

One7 — Sat, 27 Sep 2014 02:35:40 GMT

Nice! Congratulations

Re: Sallie Mae Initial Limit Recon? - SUCCESS

ilovelisa — Sat, 27 Sep 2014 03:56:26 GMT

@Santi78342 wrote:
So I applied and was approved for the Sallie Mae World MasterCard last night with a starting limit of $1.8k. Has anyone had any success reconning their starting limit? Did Barclay want to do another HP or were they able to use the same one?

Thanks guys

I applied, and got $3000. Then I used the CLI button online and requested $8000 and got the 7-10 message. They raised it to $8000 the next day. They did do another HP but this time from EX.

Re: Sallie Mae Initial Limit Recon? - SUCCESS

Tony275 — Sat, 27 Sep 2014 05:39:52 GMT

Very nice! Congrats to you!

Re: Sallie Mae Initial Limit Recon? - SUCCESS

Anonymous — Sat, 27 Sep 2014 06:57:29 GMT

Congrats!, Thanks for sharing