topic Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE in Credit Card Approvals

10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

CH-7-Mission-Accomplished — Mon, 21 Aug 2023 17:22:16 GMT

My BK 7 turns ten years old in two days.

My FICO 8, 9, 10 & 10T have been sitting @ 850/845 since the BK fell off EQ and EX. TU did an EE 14 months early.

Yesterday I did 3 new apps; 2 approved, 1 decline.

Citibank approved for $14.3K. Pulled TU (Washington)

Wells Fargo approved for $10K. Pulled EX

BofA - Declined. Pulled EX

I called to recon BofA. The decline reason was prior bankruptcy. They lost $5K on me. I currently have their Alaska card with a $31.3K limit. Opened 2 years post-filing as a $500 secured card.

The rep said sometimes they will continue to limit their exposure or number of accounts when they have taken a previous loss. Will try back in another year. No biggie.

I would like some advice from you old pros on three more potential apps. Since I'm on a spree and won't do another one for 12+ months, I'm thinking of just taking the score hits for info.

1. Chase Amazon card. I burned Chase for $50K. I'm also at 6/24. I just saw another post on here (forget who) who just got approved for this card after Chase took a $10K loss on his Ch 13. I fully expect to get declined due to the prior loss. I will recon to find out the reason. If they say it's the 6/24 I will ask if I'm also on the blacklist due to prior loss. At least I will know if the primary reason is 6/24 and not prior loss. I i will be 3/24 in June '24 so will try again then if declined for either reason.

2. AMEX. I do not get any pre-approvals and each time I try the pre-approval they send a letter about unsatisfactory prior relationship. Do you think there is any hope that an actual app might have a chance? Does AMEX do recons? Which bureau is likely for the HP? Even if declined I would like to call in and see what they say. Fully expect a decline. I would likely do this one the third out of these three since I don't think they are HP sensitive. Also which card is easiest? I want one without a fee if they will approve me. This is just a test.

3. I'm thinking about apping for a US Bank card, but I don't know which of the three rewards cards to ask for. I know there is one that is the hardest to get and I want to avoid that one. Can you tell me which card that is? I have no new accounts in 12 (not counting the two new approvals not yet reporting). I opened 5 accounts in 02/2022 and one account in 05/2022. Which bureau will they likely pull? I realize they could approve me for a sh*tty $500 limit, which would suck since I have no card limits under $10K. I will likely do this one first since they are very inquiry and new account sensitive.

I now have inquiries of 2/12 for EX, 0/12 for EQ and 1/12 for TU.

Your thoughts my helpful friends?

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

GZG — Mon, 21 Aug 2023 17:36:00 GMT

very nice approvals! congrats!!

for amex, pick the card you want and apply directly in an incognito browser not the pre-approval tool, there's Apply with Confidence so as long as you see the 'apply with confidence' language, there won't be a HP unless you accept an approved offer

I imagine the charge cards will be the easiest to be approved for but just pick the card you want and apply

if you apply for one of the credit card products, the minimum SL is $1k but they won't tell you until you accept an approved offer

it'll likely be a Exp + TU hard pull if you accept an approval offer

if they decline you, you'll get no HP and a letter you might be able to access electronically with the reasoning

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

CH-7-Mission-Accomplished — Mon, 21 Aug 2023 17:23:16 GMT

@GZG wrote:
for amex, pick the card you want and apply directly in an incognito browser not the pre-approval tool, there's Apply with Confidence so as long as you see the 'apply with confidence' language, there won't be a HP unless you accept an approved offer

I imagine the charge cards you'll be most likely to be approved for, but just pick the card you want and apply

if you apply for one of the credit card products, the minimum SL is $1k but they won't tell you until you accept an approved offer

it'll likely be a Exp + TU hard pull if you accept an approval offer

if they decline you, you'll get no HP and a letter you might be able to access electronically with the reasoning

Thanks so much. Awesome!

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

CH-7-Mission-Accomplished — Mon, 21 Aug 2023 19:28:18 GMT

UPDATES:

AMEX Declined -- No HP

US Bank - Pending

CHASE - NOT AUTO DECLINED!!! 30-day Notice for Further Review. Could I be off the BLACKLIST??? (I am 6/24 however)

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

FireMedic1 — Mon, 21 Aug 2023 19:36:17 GMT

Congrats @CH-7-Mission-Accomplished . You've come a long way!

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

FLLGuy — Mon, 21 Aug 2023 19:46:46 GMT

Amazing scores mad props to you sitting at the 800 club level. I'm sure you'll get your target cards soon enough if not now.

Re: 10 YEARS POST-BK. 2 NEW APPROVALS, 1 DECLINE -- DATA POINTS -- REQUEST FOR FURTHER ADVICE

GZG — Mon, 21 Aug 2023 20:15:36 GMT

@CH-7-Mission-Accomplished wrote:
UPDATES:
AMEX Declined -- No HP
US Bank - Pending
CHASE - NOT AUTO DECLINED!!! 30-day Notice for Further Review. Could I be off the BLACKLIST??? (I am 6/24 however)

you might be able to access an electronic version of your Amex denial letter through their application status page, it should be the first result when you google 'amex application status'

that page is super buggy though and it wouldn't surprise me if it just didn't work

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

JoeRockhead — Mon, 21 Aug 2023 21:07:26 GMT

Very nice all around, congratulations!

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

CreditAggie — Mon, 21 Aug 2023 22:11:36 GMT

Congratulations on your approvals!

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

KingRue8500 — Tue, 22 Aug 2023 01:46:54 GMT

Congrats on your approvals

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

CreditMagic7 — Tue, 22 Aug 2023 02:13:21 GMT

Congratulations on the approvals!

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

CH-7-Mission-Accomplished — Thu, 24 Aug 2023 15:14:15 GMT

@CH-7-Mission-Accomplished wrote:
My BK 7 turns ten years old in two days.

My FICO 8, 9, 10 & 10T have been sitting @ 850/845 since the BK fell off EQ and EX. TU did an EE 14 months early.

Yesterday I did 3 new apps; 2 approved, 1 decline.

Citibank approved for $14.3K. Pulled TU (Washington)
Wells Fargo approved for $10K. Pulled EX
BofA - Declined. Pulled EX

I called to recon BofA. The decline reason was prior bankruptcy. They lost $5K on me. I currently have their Alaska card with a $31.3K limit. Opened 2 years post-filing as a $500 secured card.

The rep said sometimes they will continue to limit their exposure or number of accounts when they have taken a previous loss. Will try back in another year. No biggie.

I would like some advice from you old pros on three more potential apps. Since I'm on a spree and won't do another one for 12+ months, I'm thinking of just taking the score hits for info.

1. Chase Amazon card. I burned Chase for $50K. I'm also at 6/24. I just saw another post on here (forget who) who just got approved for this card after Chase took a $10K loss on his Ch 13. I fully expect to get declined due to the prior loss. I will recon to find out the reason. If they say it's the 6/24 I will ask if I'm also on the blacklist due to prior loss. At least I will know if the primary reason is 6/24 and not prior loss. I i will be 3/24 in June '24 so will try again then if declined for either reason.

2. AMEX. I do not get any pre-approvals and each time I try the pre-approval they send a letter about unsatisfactory prior relationship. Do you think there is any hope that an actual app might have a chance? Does AMEX do recons? Which bureau is likely for the HP? Even if declined I would like to call in and see what they say. Fully expect a decline. I would likely do this one the third out of these three since I don't think they are HP sensitive. Also which card is easiest? I want one without a fee if they will approve me. This is just a test.

3. I'm thinking about apping for a US Bank card, but I don't know which of the three rewards cards to ask for. I know there is one that is the hardest to get and I want to avoid that one. Can you tell me which card that is? I have no new accounts in 12 (not counting the two new approvals not yet reporting). I opened 5 accounts in 02/2022 and one account in 05/2022. Which bureau will they likely pull? I realize they could approve me for a sh*tty $500 limit, which would suck since I have no card limits under $10K. I will likely do this one first since they are very inquiry and new account sensitive.

I now have inquiries of 2/12 for EX, 0/12 for EQ and 1/12 for TU.

Your thoughts my helpful friends?

I had applied for a US Bank card a couple of days ago and it went to pending. Since I had been approved for Citibank and Chase, I decided to call US Bank today and just withdraw my application. The underwriter I spoke with was helping me and suddenly goes, "Whoa! I've never seen an 850 FICO score before!" She told me she was in the 800s herself, but this was a first. She couldn't understand why it was pended. I bet it was for too much available credit but I don't know. I decided two new cards is enough for now and I canceled the application.

My lowest credit limit is $10K and my highest is $50K and I would have been so PO'd had they given me one of their starter $500 limits. I like their cash back rewards and would really love that Altitude Reserve card but I'm going to wait another year. I now have over $400K in available credit limits (Plus another $100K+ in AU accounts) and with a current income of about $150K, I'm at three times annual income. It hasn't happened yet, but I know I'm going to start to be declined for too much unused available credit. But having gone through bankruptcy, these cards are like my children. I don't want to lose them but I guess some need to grow up and leave home.

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

DatBoiQuick — Sat, 26 Aug 2023 20:32:27 GMT

Thanks for your DP! Congrats on your progress!

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

LADave — Sat, 26 Aug 2023 20:43:49 GMT

@CH-7-Mission-Accomplished wrote:
@CH-7-Mission-Accomplished wrote:
My BK 7 turns ten years old in two days.

My FICO 8, 9, 10 & 10T have been sitting @ 850/845 since the BK fell off EQ and EX. TU did an EE 14 months early.

Yesterday I did 3 new apps; 2 approved, 1 decline.

Citibank approved for $14.3K. Pulled TU (Washington)
Wells Fargo approved for $10K. Pulled EX
BofA - Declined. Pulled EX

I called to recon BofA. The decline reason was prior bankruptcy. They lost $5K on me. I currently have their Alaska card with a $31.3K limit. Opened 2 years post-filing as a $500 secured card.

The rep said sometimes they will continue to limit their exposure or number of accounts when they have taken a previous loss. Will try back in another year. No biggie.

I would like some advice from you old pros on three more potential apps. Since I'm on a spree and won't do another one for 12+ months, I'm thinking of just taking the score hits for info.

1. Chase Amazon card. I burned Chase for $50K. I'm also at 6/24. I just saw another post on here (forget who) who just got approved for this card after Chase took a $10K loss on his Ch 13. I fully expect to get declined due to the prior loss. I will recon to find out the reason. If they say it's the 6/24 I will ask if I'm also on the blacklist due to prior loss. At least I will know if the primary reason is 6/24 and not prior loss. I i will be 3/24 in June '24 so will try again then if declined for either reason.

2. AMEX. I do not get any pre-approvals and each time I try the pre-approval they send a letter about unsatisfactory prior relationship. Do you think there is any hope that an actual app might have a chance? Does AMEX do recons? Which bureau is likely for the HP? Even if declined I would like to call in and see what they say. Fully expect a decline. I would likely do this one the third out of these three since I don't think they are HP sensitive. Also which card is easiest? I want one without a fee if they will approve me. This is just a test.

3. I'm thinking about apping for a US Bank card, but I don't know which of the three rewards cards to ask for. I know there is one that is the hardest to get and I want to avoid that one. Can you tell me which card that is? I have no new accounts in 12 (not counting the two new approvals not yet reporting). I opened 5 accounts in 02/2022 and one account in 05/2022. Which bureau will they likely pull? I realize they could approve me for a sh*tty $500 limit, which would suck since I have no card limits under $10K. I will likely do this one first since they are very inquiry and new account sensitive.

I now have inquiries of 2/12 for EX, 0/12 for EQ and 1/12 for TU.

Your thoughts my helpful friends?

I had applied for a US Bank card a couple of days ago and it went to pending. Since I had been approved for Citibank and Chase, I decided to call US Bank today and just withdraw my application. The underwriter I spoke with was helping me and suddenly goes, "Whoa! I've never seen an 850 FICO score before!" She told me she was in the 800s herself, but this was a first. She couldn't understand why it was pended. I bet it was for too much available credit but I don't know. I decided two new cards is enough for now and I canceled the application.

My lowest credit limit is $10K and my highest is $50K and I would have been so PO'd had they given me one of their starter $500 limits. I like their cash back rewards and would really love that Altitude Reserve card but I'm going to wait another year. I now have over $400K in available credit limits (Plus another $100K+ in AU accounts) and with a current income of about $150K, I'm at three times annual income. It hasn't happened yet, but I know I'm going to start to be declined for too much unused available credit. But having gone through bankruptcy, these cards are like my children. I don't want to lose them but I guess some need to grow up and leave home.

Congratulations on your approvals! For Amex, you can check your application status at this page:

https://online.americanexpress.com/eaol/welcome.do

The letter you get back will tell you the reason. It could be helpful to see if they denied you because they closed a card in the past, or for some other reason.

US Bank is very conservative with approvals, so the fact that you went into pending speaks very well for your account. I probably would have kept the application open after having already taken a HP, but it sounds like you were trying to limit the amount of new credit you were receiving.

I'm at the point where I sometimes miss my (burned) relationship with Amex, but I want a US Bank Altitude Reserve card more. My thinking is to apply for a Cash+ card when I eventually have fewer inquiries and I'm at least 0/6, and then try for an Altitude Reserve card later.

Re: 10 YEARS POST-BK. 2 APPROVALS, 1 DECLINE -- MY DATA POINTS -- NEED ADVICE

cashorcharge — Fri, 01 Sep 2023 00:03:10 GMT

WooHoo!! Congratulations on both your Approvals!!👏🏼🍾🥂