topic Discover decline and again through EO in Credit Card Applications

Discover decline and again through EO

Creditaddict — Tue, 28 Apr 2015 21:37:58 GMT

I wrote them that it's ridiculous I was declined with 701 or something within a couple points of that according to their tu denial letter.
He was nice last week but today when calling me back seemed to have lost his brain and practically went to reading my original denial letter.
I flipped and that's when he was like the main denial reason was "to much available credit."
I said I can't handle that, thank you and good bye!

Re: Discover decline and again through EO

FinStar — Tue, 28 Apr 2015 21:42:49 GMT

Re: Discover decline and again through EO

Anonymous — Tue, 28 Apr 2015 21:45:01 GMT

LOL

Re: Discover decline and again through EO

-Cal- — Wed, 29 Apr 2015 00:05:56 GMT

How much available credit do you have? Was this for the IT or Miles? You already have a Discover card right? Anyway they'd let you reallocate your existing limit to open a new tradeline?

Re: Discover decline and again through EO

chalupaman — Wed, 29 Apr 2015 00:21:51 GMT

@Creditaddict wrote:
I wrote them that it's ridiculous I was declined with 701 or something within a couple points of that according to their tu denial letter.
He was nice last week but today when calling me back seemed to have lost his brain and practically went to reading my original denial letter.
I flipped and that's when he was like the main denial reason was "to much available credit."
I said I can't handle that, thank you and good bye!

I guess closing some of those many cards is out of the question.

What's your current CL on that card?

Re: Discover decline and again through EO

Anonymous — Wed, 29 Apr 2015 00:25:41 GMT

I think I would be a little more sensitive to you being declined by Discover except for your sig says

"83 Cards and Counting"

If it makes you feel any better I got mine in the mail friday.

Re: Discover decline and again through EO

kdm31091 — Wed, 29 Apr 2015 00:41:07 GMT

I don't know your full situation, but I mean, with 83 cards you cannot be too upset with a denial. Credit is not an infinite resource and unless you are truly wealthy, you're going to plateau eventually. It's based on income and other factors. Your score is a factor, but not the whole picture.

Sorry you were declined, though. Too much available credit sounds about right!

Re: Discover decline and again through EO

Anonymous — Wed, 29 Apr 2015 00:43:06 GMT

He has every right to be upset.

6 denials now apparently.

Re: Discover decline and again through EO

CreditCuriosity — Wed, 29 Apr 2015 00:51:09 GMT

Anyone wanna bet he will try again next month or the month after until he gets approved? Takers?

BTW he will get approved, it isn't whether he will it is when he will and he knows that. Inquiries won't stop it from happening nor the amount of credit he has... CA is on a mission and typically gets what he wants after enough tries

Re: Discover decline and again through EO

12njoy — Wed, 29 Apr 2015 00:56:11 GMT

@FinStar wrote:

Too funny Finstar. Sorry CA. Discover is strange. When I first applied back in 2013, I was denied and then reapplied in two months and was approved for $6,500. They tend to not like too much available credit from my own experience based off of my last $500 CLI approval. Won't be requesting another CLI with a HP from Discover. Good luck to you.

Re: Discover decline and again through EO

tonyjones — Wed, 29 Apr 2015 00:59:57 GMT

With 83 cards and counting I wouldn't be surprised from now on out you would be denied.

All lenders see that as a really high risk IMO

Re: Discover decline and again through EO

pizza1 — Wed, 29 Apr 2015 01:00:16 GMT

Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

Re: Discover decline and again through EO

Saleen099 — Wed, 29 Apr 2015 01:00:32 GMT

@CreditCuriousity wrote:
Anyone wanna bet he will try again next month or the month after until he gets approved? Takers?

BTW he will get approved, it isn't whether he will it is when he will and he knows that. Inquiries won't stop it from happening nor the amount of credit he has... CA is on a mission and typically gets what he wants after enough tries

I say by the end of summer.

Re: Discover decline and again through EO

Saleen099 — Wed, 29 Apr 2015 01:02:43 GMT

@pizza1 wrote:
Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

80+ MMmmmmm

Re: Discover decline and again through EO

pizza1 — Wed, 29 Apr 2015 01:06:17 GMT

@Saleen099 wrote:
@pizza1 wrote:
Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

80+ MMmmmmm

yep..Max on inqiures on EQ i think is around 86, and I was at max at one point, and still getting approvals left and right, granted 98% on those were store cards. I think some fell off, and Ill have like 20+ fall off by end of year. When you have as many as I did, they dont really effect you anymore, LOL

Re: Discover decline and again through EO

Anonymous — Wed, 29 Apr 2015 01:10:07 GMT

@pizza1 wrote:
@Saleen099 wrote:
@pizza1 wrote:
Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

80+ MMmmmmm
yep..Max on inqiures on EQ i think is around 86, and I was at max at one point, and still getting approvals left and right, granted 98% on those were store cards. I think some fell off, and Ill have like 20+ fall off by end of year. When you have as many as I did, they dont really effect you anymore, LOL

Too many = Too few. It's too bad they don't just reset to 0 once you cross the max. LOL

Experian has no max.

Re: Discover decline and again through EO

CreditCuriosity — Wed, 29 Apr 2015 01:14:22 GMT

@Anonymous wrote:
@pizza1 wrote:
@Saleen099 wrote:
@pizza1 wrote:
Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

80+ MMmmmmm
yep..Max on inqiures on EQ i think is around 86, and I was at max at one point, and still getting approvals left and right, granted 98% on those were store cards. I think some fell off, and Ill have like 20+ fall off by end of year. When you have as many as I did, they dont really effect you anymore, LOL
Too many = Too few. It's too bad they don't just reset to 0 once you cross the max. LOL

Experian has no max.

Hey Nixon noticed your EXP score drop.. Did a nasty re-appear? Or just the inquiries and new accounts? Sorry a bit off subject, but noticed that the other day it got hit.. Fearing my two new accounts showing up aready on how EXP will respond.. It might raise my score or lower it.. Who knows

As stated earlier no one will be touching my EX/EQ this year till some stuff ages and or falls off not worth them being on my report for 2 years being inquires! People can have TU or nothing

Re: Discover decline and again through EO

pizza1 — Wed, 29 Apr 2015 01:15:01 GMT

@Anonymous wrote:
@pizza1 wrote:
@Saleen099 wrote:
@pizza1 wrote:
Sorry for the denial again CA, that stinks. There is no rhyme or reason to any creditor, and I'm surprised that I got it and you didn't! It took me 5 tries though lol!! I think the computer sees what it wants , and at least you weren't declined for bk. watch... You'll get a preapproval in the mail , lol. They pulled EQ for me with 80+ inquires at the time lol!!

80+ MMmmmmm
yep..Max on inqiures on EQ i think is around 86, and I was at max at one point, and still getting approvals left and right, granted 98% on those were store cards. I think some fell off, and Ill have like 20+ fall off by end of year. When you have as many as I did, they dont really effect you anymore, LOL
Too many = Too few. It's too bad they don't just reset to 0 once you cross the max. LOL

Experian has no max.

Wouldnt that be nice if it reset??!! Id get a 20 pt score jump probably, ha!.

I dont want to add anymore to EX..its my highest score, LOL

Ive been good the last 2 weeks.. trying to keep it up

Re: Discover decline and again through EO

12njoy — Wed, 29 Apr 2015 01:16:59 GMT

@Pizza1,

I have 25 or EX and it seems the more I add, I see no score change. Same with TU for me.

Re: Discover decline and again through EO

CreditCuriosity — Wed, 29 Apr 2015 01:20:43 GMT

@12njoy wrote:
@pizza1,

I have 25 or EX and it seems the more I add, I see no score change. Same with TU for me.

After X amount like 8 in a year or whatever the magical number is, they don't impact you anymore being HP's score wise. Quite honestly alot creditors especially ones you already with and have a relationship with will overlook tons of inquiries.. Inquiries are over-rated although they will ding your score a bit and prefer not to have them either. New accounts I dislike more then inquiries