topic Re: AOD Visa Signature Approval - $5k in Credit Card Approvals

AOD Visa Signature Approval - $5k

GatorGuy — Thu, 27 May 2021 22:13:10 GMT

DW just got approved for a $5k CL. She was originally denied outright for a $25k limit after reviewing tax returns for DTI being too high. They didn't counter offer but she asked them to recon and $5k is all they could do. Sounds like they pretty much wrote off all her income since she is self employed 1099.

Fico 8 EQ was 817

Her highest credit limit is CSR $63k

Lowest is Target $10k.

Total CL is $298k.

DTI 7%.

3/12 and 4/24.

Talking to the assistant manager she said they will re-evaluate it at 6 months. And they don't care how many payments we make a month. DW was planning on using it to make quarterly tax payments so it will take many payments in a month.

I was thinking about applying for it too but not sure how much better I'll do since I have some W2 income.

Re: AOD Visa Signature Approval - $5k

simplynoir — Thu, 27 May 2021 22:16:31 GMT

Congrats to your DW for her approval even if the limit wasn't as big as she wanted. Hopefully in six months when they see the usage on and payments needed to keep up they'll give her a substantial increase

Re: AOD Visa Signature Approval - $5k

KingRue8500 — Thu, 27 May 2021 22:25:58 GMT

Congrats on the AOD Visa Signature approval

Re: AOD Visa Signature Approval - $5k

CreditAggie — Thu, 27 May 2021 22:40:30 GMT

Congratulations on DW's AOD Visa Signature approval!

Re: AOD Visa Signature Approval - $5k

AllZero — Thu, 27 May 2021 22:41:52 GMT

Congratulations on DW approval!

Re: AOD Visa Signature Approval - $5k

M_Smart007 — Thu, 27 May 2021 23:12:34 GMT

Congratulations on your approval!

Re: AOD Visa Signature Approval - $5k

GrandBay — Fri, 28 May 2021 00:09:33 GMT

@GatorGuy sounds like the DW is taking you out for a ~~steak~~ tofu dinner! Congrats to you both!

Re: AOD Visa Signature Approval - $5k

blindambition — Fri, 28 May 2021 02:20:58 GMT

Congrats on the approval!!! AOD has been very decisive on stance in regards to self employed, student loans and those with high TCL. They seem to get even more conservative than 13 months ago. Glad you got recon, and they are willing to review in 6 months. They really have been a terrific CU!

Re: AOD Visa Signature Approval - $5k

babygirl1256 — Fri, 28 May 2021 02:35:42 GMT

Congrats to DW on her AOD Visa Signature approval . . . A total CL of $298k is absolutely awesome. Mentor for sure!!!

Re: AOD Visa Signature Approval - $5k

silvius — Fri, 28 May 2021 06:12:33 GMT

Congrats-- AOD is definitely a 'destination' card for the rewards category in my opinion. Nice to get it even with a lower CL for now

Re: AOD Visa Signature Approval - $5k

Total80sKid — Fri, 28 May 2021 06:51:13 GMT

Congrats on DW's AOD approval! 👍🏼

Re: AOD Visa Signature Approval - $5k

SPChaser — Fri, 28 May 2021 08:07:59 GMT

Congrats on AOD approval! 🥳🥳🥳. I too was bummed about my 5k SL when I was gunning for 25k, but still happy I got the card with 7.49 APR; it'll be my last app for awhile now. 5k is the right amount to get my first OLED so I'm thrilled.