topic Re: TD Approved 900 SL in Credit Card Approvals

TD Approved 900 SL

Anonymous — Fri, 27 Nov 2020 18:52:01 GMT

Was approved for a ridiculous SL, called and spoke to the 'credit department' the first time, and they submitted recon/revuatlion on credit line. Declined. Called credit department literally 4 times, declined no recon on SL. Ficos 740+ have multiple lines over 25/30K. I thought I could use the card/liked the card but with a SL so small, it almost bothers me so much.. What do you guys think? Close it or just leave it alone and maybe try to build it up in a year or so?

Re: TD Approved 900 SL

AllZero — Fri, 27 Nov 2020 18:54:38 GMT

Congratulations on your approval!

Re: TD Approved 900 SL

Slabenstein — Fri, 27 Nov 2020 19:02:25 GMT

I'd probably leave it open for at least a year, just so it didn't look weird on my reports.

Re: TD Approved 900 SL

M_Smart007 — Fri, 27 Nov 2020 19:06:48 GMT

Congratulations!

Re: TD Approved 900 SL

M_Smart007 — Fri, 27 Nov 2020 19:11:06 GMT

Leave it open for a year at least. I know the knee jerk reaction is to just close it,

as it feels like an insult.

I closed a card before they could even ship it, I was insulted by the ridiculous SL.

Hindsight, should have left it open. Live and learn... ALL JMHO

Re: TD Approved 900 SL

gdale6 — Fri, 27 Nov 2020 19:45:11 GMT

Keep it open and build it over time, grats on your approval

Re: TD Approved 900 SL

Anonymous — Fri, 27 Nov 2020 19:50:21 GMT

Will do.. Hopefully it grows to be a Signature atleast L O L. . I even asked them to pull up the original application and made sure I didnt do a typo hahah. Like wait is this accurate. Ah well.

Re: TD Approved 900 SL

dudefromtx — Fri, 27 Nov 2020 20:32:05 GMT

Congrats on your approval!

Re: TD Approved 900 SL

ocheosa — Fri, 27 Nov 2020 20:58:51 GMT

Every credit file is different but I had received a TD Cash preapproved mailer in April, thought it was a nice looking card and because most of my accounts range from 10-25k at the time I took the leap. Well the SL was $2500. I currently have a low limit QS at $3500 opened in 2018 that I contemplate closing every 6 months. (If not for the 0 fee BT feature attached to the account that I use as a hub, it would have been closed.) Like you, I also went through the reconsideration process and was told to wait 6mos to a year. I thought about it for a few seconds because I also have a target card (2k) and didn't want to burn bridges but - nope, closed the account on the spot; it was open all of 4 days. I have a thick file so there was no hit to AAoA.

Just after, all during the same month, applied for 3rd NFCU SL 25k, AOD FCU SL 20k, SECU MD SL 10k and received a 9k CLI on my BBVA card. Moral of the story - it all turned out just fine !

Regardless of your decision, it's an approval during a hard hit economy so Congratulations !

Re: TD Approved 900 SL

M_Smart007 — Fri, 27 Nov 2020 21:35:25 GMT

TD seems to be a little conservative on the CL's ^^^^^^^^^^^^

Re: TD Approved 900 SL

pip3man — Sat, 28 Nov 2020 00:39:15 GMT

I had a TD Bank Cash card I was approved for in 2014 with a starting limit of $1000. Until it got closed this year, it never saw a credit line increase. At the 5 year mark I requested a CLI which was declined, even tried to recon through their EO but no dice. They are very conservative and in my experience their card never grows

Re: TD Approved 900 SL

Anonymous — Sat, 28 Nov 2020 00:45:56 GMT

Thanks for your feedback. Why did the card get closed? Inactivity, or you closed it? Yeah if it doesn't grow at all within 6 months - 1 year mark I might close it as well, have huge limits compared to this card might not be worth my time investing in it to grow it to a use-able limit.. We'll see I guess, pretty upset at this one since I have assets with TD Banking side.

Re: TD Approved 900 SL

nuohlac — Sat, 28 Nov 2020 02:44:43 GMT

Congratulations on your approval!!!

Re: TD Approved 900 SL

CreditAggie — Sat, 28 Nov 2020 14:29:17 GMT

Congratulations on your TD approval!

Re: TD Approved 900 SL

cashorcharge — Sat, 28 Nov 2020 16:51:53 GMT

Congratulations on your approval!!! 🎉. Hope it grows with time!

Re: TD Approved 900 SL

blindambition — Sat, 28 Nov 2020 17:03:47 GMT

Congrats on approval!! TD can be very conservative, especially on new relationship. Give it time, they'll eventually come to the table and give better terms.

Re: TD Approved 900 SL

FinStar — Sat, 28 Nov 2020 18:45:50 GMT

Also worth noting, TD Bank isn't the particular institution to pad CLs or be approved with higher CLs if you already have existing lines which are sufficiently abundant in their view. They're the kind of bank that if you get in early in a build, they can be generous. Reconsideration efforts or escalating rarely amounts to success given their conservative nature for their core cards.

At the very least, keep it open and see how things pan out in a year. CLIs are HP btw.

Re: TD Approved 900 SL

CreditMagic7 — Sat, 28 Nov 2020 18:59:15 GMT

Congrats on the TD Bankcard Approval.

I had in about 2016 the TD Aero card also at what seemed a very modest SL. After some time after approval they increased the line to more usable levels. It can be a toss up with them. Seems their cards and SL's even with top notch credit run in stages. Some quarters they seem reluctant then other periods more generous than expected. You just never know in which period or how long where lines meet expectations. I would keep the approval and establish history going forward. Good Luck!

Re: TD Approved 900 SL

Anonymous — Sat, 28 Nov 2020 19:14:29 GMT

Hopefully I can grow it to atleast 5K/Siggy would be content for me. Might take 2 years to get up there.. oh and I havent received the card yet! 7 biz days, this is starting off great isnt it haha.. especially with the mail right now, who knows.

Re: TD Approved 900 SL

pip3man — Sun, 29 Nov 2020 12:42:32 GMT

@Anonymous wrote:
Thanks for your feedback. Why did the card get closed? Inactivity, or you closed it? Yeah if it doesn't grow at all within 6 months - 1 year mark I might close it as well, have huge limits compared to this card might not be worth my time investing in it to grow it to a use-able limit.. We'll see I guess, pretty upset at this one since I have assets with TD Banking side.

I filed BK7 and they automatically closed it. Sadly enough the balance was only $800 which I attempted to pay before they locked me out of my online banking and wouldn't accept any payment post filing. Oh well their loss not mine 🤷🏽‍♂️