topic Re: Huge app spree in Credit Card Approvals

Huge app spree

Rmullens2208 — Fri, 02 Apr 2021 02:07:28 GMT

Alliant CU visa CLI denied reason not given Hard pull transunion waiting the letter

Capital one Platnuim Denied Waiting Reason

Charles Schwab Amex Denied inquiries and to many accounts with balance

Bank of America Travel rewards approved 5,000

chase sapphire Denied waiting reason

citi Costco visa Approved 4500$

finally AA advantage Red Denied waiting results I will call and plead my case on all the denials back to the garden for 6 months

stats At time of spree

Eq 658

Exp 673

Trans 648

inqs. An embarrassing lol

Re: Huge app spree

CreditAggie — Fri, 02 Apr 2021 02:11:08 GMT

Congratulations on your approvals!

Re: Huge app spree

Rmullens2208 — Fri, 02 Apr 2021 02:12:57 GMT

@CreditAggie wrote:
Congratulations on your approvals!

Thank you was certain I'd get the increase from alliant I keep the card at 0 balance and don't even touch it

Re: Huge app spree

coldfusion — Fri, 02 Apr 2021 02:30:08 GMT

Congrats on your 2 approvals! But, if you never touch the Alliant card I don't know why they would be highly motivated to grant a CLI.

Re: Huge app spree

credit_is_crack — Fri, 02 Apr 2021 14:39:12 GMT

Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells me you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Re: Huge app spree

AllZero — Fri, 02 Apr 2021 03:22:03 GMT

Congratulations on your approvals!

Re: Huge app spree

mrcraft — Fri, 02 Apr 2021 03:37:25 GMT

Congratulations on your approvals!!

Re: Huge app spree

Rmullens2208 — Fri, 02 Apr 2021 03:50:57 GMT

Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand

@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Re: Huge app spree

Credit4Growth — Fri, 02 Apr 2021 05:16:22 GMT

Congratulations on your approvals and good luck on the reconsiderations! 👍

Keep us updated.

Re: Huge app spree

coldfusion — Fri, 02 Apr 2021 06:12:23 GMT

@Rmullens2208 wrote:
Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand
@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Give us an idea of how much spend you have placed on each of these cards individually over the last 6 months and we might have some ideas for you.

Re: Huge app spree

Rmullens2208 — Fri, 02 Apr 2021 08:27:06 GMT

I spend very little on them and immediately pay them off I had a zero % 12 months on alliant I probably should have taken advantage of I have all my balance right now at 0

@coldfusion wrote:
@Rmullens2208 wrote:
Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand
@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Give us an idea of how much spend you have placed on each of these cards individually over the last 6 months and we might have some ideas for you.

Re: Huge app spree

Anonymous — Fri, 02 Apr 2021 12:11:13 GMT

@Rmullens2208 wrote:
I spend very little on them and immediately pay them off I had a zero % 12 months on alliant I probably should have taken advantage of I have all my balance right now at 0
@coldfusion wrote:
@Rmullens2208 wrote:
Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand
@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Give us an idea of how much spend you have placed on each of these cards individually over the last 6 months and we might have some ideas for you.

That's part of why you're getting denials, especially when it comes to CLIs. You don't let balances report to the credit bureaus which is both dinging your score for non use of credit and also makes your lenders think you don't need the credit you have. Best practice is to use your cards, let them report, and then pay them in full. I try to keep my balances to less than 15% of the limit and less than 1/4 of my cards with a reported balance at any time but since you're already in the habit of paying them off early anyway, just pick one and have that be the one that reports a small balance 1-8.9% of the limit that you then pay in full each month. That's called the AZEO method and I don't usually recommend it because it's a lot of micromanaging in my mind but you're already pretty much there anyway.

Re: Huge app spree

coldfusion — Fri, 02 Apr 2021 14:25:12 GMT

@Anonymous wrote:
@Rmullens2208 wrote:
I spend very little on them and immediately pay them off I had a zero % 12 months on alliant I probably should have taken advantage of I have all my balance right now at 0
@coldfusion wrote:
@Rmullens2208 wrote:
Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand
@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Give us an idea of how much spend you have placed on each of these cards individually over the last 6 months and we might have some ideas for you.

That's part of why you're getting denials, especially when it comes to CLIs. You don't let balances report to the credit bureaus which is both dinging your score for non use of credit and also makes your lenders think you don't need the credit you have. Best practice is to use your cards, let them report, and then pay them in full. I try to keep my balances to less than 15% of the limit and less than 1/4 of my cards with a reported balance at any time but since you're already in the habit of paying them off early anyway, just pick one and have that be the one that reports a small balance 1-8.9% of the limit that you then pay in full each month. That's called the AZEO method and I don't usually recommend it because it's a lot of micromanaging in my mind but you're already pretty much there anyway.

Visibility is not at the top of the list of concerns; this isn't an issue of high utilization across 1 or more cards. Each issuer knows how much, or in this case, how little their card is being used and they aren't going to be highly motiviated to increase limits on sockdrawered cards that are only occasionally aired out with a $5 purchase here and there.

If you aren't using what you already have, what's their incentive to give you more?

Re: Huge app spree

Anonymous — Fri, 02 Apr 2021 14:37:30 GMT

@coldfusion wrote:
@Anonymous wrote:
@Rmullens2208 wrote:
I spend very little on them and immediately pay them off I had a zero % 12 months on alliant I probably should have taken advantage of I have all my balance right now at 0
@coldfusion wrote:
@Rmullens2208 wrote:
Yes I have I try to keep them steady about every 6 months I really want to grow the credit limit rather then get new accounts but it appears I have better luck with a new account and always denied the increases so I really don't understand
@credit_is_crack wrote:
Congrats on your BofA and Citi approvals @Rmullens2208 !

I'm not sure what your profile looked like before this spree but I have a suspicion that Cap1, Chase and Barclays will cite recent activity (new accounts/inquiries), based on the spree you just went on. My gut tells you you've gone on these app-benders before lol I'm no stranger to these so no judgements from me!

Give us an idea of how much spend you have placed on each of these cards individually over the last 6 months and we might have some ideas for you.

That's part of why you're getting denials, especially when it comes to CLIs. You don't let balances report to the credit bureaus which is both dinging your score for non use of credit and also makes your lenders think you don't need the credit you have. Best practice is to use your cards, let them report, and then pay them in full. I try to keep my balances to less than 15% of the limit and less than 1/4 of my cards with a reported balance at any time but since you're already in the habit of paying them off early anyway, just pick one and have that be the one that reports a small balance 1-8.9% of the limit that you then pay in full each month. That's called the AZEO method and I don't usually recommend it because it's a lot of micromanaging in my mind but you're already pretty much there anyway.
Visibility is not at the top of the list of concerns; this isn't an issue of high utilization across 1 or more cards. Each issuer knows how much, or in this case, how little their card is being used and they aren't going to be highly motiviated to increase limits on sockdrawered cards that are only occasionally aired out with a $5 purchase here and there.

If you aren't using what you already have, what's their incentive to give you more?

If you're not letting anything report, many lenders won't increase your limit either. It looks like you're not using any of your cards which is likely also why a few of the new cards OP applied for got denied as well. I have grown the majority of my cards with next to no spend...

ETA: Also if you look at OP's scores, that all zero penalty is probably pushing a score that would be an approval to a denial... Right on the verge of that area.

Re: Huge app spree

M_Smart007 — Fri, 02 Apr 2021 15:39:07 GMT

Congratulations on your approvals! ...

Re: Huge app spree

cashorcharge — Fri, 02 Apr 2021 20:29:43 GMT

That's terrific! Congratulations on your approvals!! 🎉🥂

Re: Huge app spree

kittycreditmeow — Sat, 03 Apr 2021 05:20:26 GMT

Re: Huge app spree

MyFault — Fri, 02 Apr 2021 23:11:31 GMT

Congrats on your approvals!

Re: Huge app spree

chalupaman — Sat, 03 Apr 2021 00:58:35 GMT

Cosco Visa from Citi sounds like a great steal. Nice work!

Re: Huge app spree

Anonymous — Sat, 03 Apr 2021 01:21:27 GMT

Congratulations on your approvals!