topic Re: Sallie Mae Application in Credit Card Approvals

Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 14:27:24 GMT

I app'ed for this card with the expectation that I would be approved. From my understanding, they pull TU and my score is a 780 with only 3 HP. My credit card profile is as follows:

AMEX BCE ($20000)
AMEX EVERYDAY ($5000)
*Bank of America Cash Rewards ($10500)
Bank of America Better Balance Rewards ($5000)
Capital One Quicksilver ($3000)
Chase Freedom ($5500)
*Chase Sapphire Preferred ($11,500)
Chase Marriott Rewards Premier ($5000)
*Citi Dividend Platinum Select ($7300)
Citi Thank You Preferred ($4600)
*Discover It ($8000)
PenFed Premium Travel Rewards AMEX ($5500)

TOTAL CREDIT AVAILABLE:
$90,900

Total utilization is under 1-2%. Any ideas on why I wasn't instantly approved? I just want the card for the constant 5% on gas, groceries and Amazon.

Re: Sallie Mae Application

Anonymous — Thu, 05 Mar 2015 14:31:00 GMT

Probably too many new accounts... Why I was denied

Re: Sallie Mae Application

racer-x — Thu, 05 Mar 2015 14:31:28 GMT

@2011beginnings wrote:
I app'ed for this card with the expectation that I would be approved. From my understanding, they pull TU and my score is a 780 with only 3 HP. My credit card profile is as follows:

AMEX BCE ($20000)
AMEX EVERYDAY ($5000)
*Bank of America Cash Rewards ($10500)
Bank of America Better Balance Rewards ($5000)
Capital One Quicksilver ($3000)
Chase Freedom ($5500)
*Chase Sapphire Preferred ($11,500)
Chase Marriott Rewards Premier ($5000)
*Citi Dividend Platinum Select ($7300)
Citi Thank You Preferred ($4600)
*Discover It ($8000)
PenFed Premium Travel Rewards AMEX ($5500)

TOTAL CREDIT AVAILABLE:
$90,900

Total utilization is under 1-2%. Any ideas on why I wasn't instantly approved? I just want the card for the constant 5% on gas, groceries and Amazon.

Income? If you're making $40k, you might be maxxed out in their eyes.

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 14:36:00 GMT

Have you called????? Might just be verification. Call backdoor recon

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 14:36:30 GMT

AAOA is around 4 years old. Would a recon be possible?

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 14:36:52 GMT

Haven't called yet. Just saw the denial before posting.

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 14:40:56 GMT

Dude call like NOW

Re: Sallie Mae Application

JustinS — Thu, 05 Mar 2015 14:44:48 GMT

@baller4life wrote:
Dude call like NOW

+1 Barclays (who backs Sallie Mae) is known to be good with recons. OP I'd call in and the least you'll get is to find out why it was denied. Usually when a human there looks over your reports they can typically overturn denials if they see fit/are permitted.

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 14:52:05 GMT

Is there a preferred number to call?

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 14:53:26 GMT

866-408-4064

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 14:58:21 GMT

Calling now

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 15:01:01 GMT

On the phone now and I am being transferred to someone in the "security department".

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 15:08:22 GMT

Sounds like verification to me!

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 15:08:58 GMT

Alright. Just verification questions.

Approved for $12,500. 😜😜😜😜

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 15:16:18 GMT

Sweeeeeet!!!!!!

Re: Sallie Mae Application

2011beginnings — Thu, 05 Mar 2015 15:17:10 GMT

Highest initial credit limit ever.

Re: Sallie Mae Application

baller4life — Thu, 05 Mar 2015 15:23:03 GMT

Yeah I couldn't see why you would be denied with your profile!! Enjoy your Sallie Mae!

Re: Sallie Mae Application

Anonymous — Thu, 05 Mar 2015 18:46:31 GMT

@2011beginnings wrote:
Alright. Just verification questions.

Approved for $12,500. 😜😜😜😜

Super wow!!!

Re: Sallie Mae Application

Anonymous — Thu, 05 Mar 2015 21:33:10 GMT

That's the highest starting limit I've ever seen for the Sallie Mae! Congratulations!

Re: Sallie Mae Application

Anonymous — Thu, 05 Mar 2015 21:46:50 GMT

congrats with the limit, high limits. lol