topic Re: App'ing for Lowes in Credit Card Applications

App'ing for Lowes UPDATE! APPROVED FOR $2K

Slim1Der — Mon, 27 Jul 2015 19:56:42 GMT

I will be doing an app for a Loews card today or tomorrow. My scores are low to mid 700's and my UTI is at 24% across all of my cards. Whatever they give me (if I'm approved), I will be calling the backdoor number and asking for $50k based on the information I saw here. Wish me luck.

BTW, my report will show that I recently bought a home reporting since March. I will tell them that I need major renovations to explain why I need that much.

Any tips would be appreciated.

UPDATE, - after being approved for the $2k, I called the back door number and asked for $50k and was countered with $17k.

Re: App'ing for Lowes

asphaltcowboy — Sun, 26 Jul 2015 01:00:04 GMT

You don't have to tell them anything, they will ask for your gross net income and how much you want,

they will put you on hold and they will either approve or counter or give ya a no go, good luck

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 01:04:48 GMT

I am going to be the bad guy here.. Looking at the limits on your card as I see your highest limit is on the NFCU card, you will get approved but you will not be getting a 50k lowes card. The credit line is determine by the limits on all cards, scores etc..

You have a very good reason as to why you want it so I will keep fingers crossed for you. Report back with results..

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 01:38:46 GMT

Your scores are good. Hard to say. Just go for it. Call backdoor number if you dont get the CL you want. Good luck

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 05:56:55 GMT

Good luck! And I think you stand a good chance at 25k or 35k on recon - home improvements cost a lot of money

Re: App'ing for Lowes

ceejx — Sun, 26 Jul 2015 08:00:10 GMT

@Anonymous wrote:
I am going to be the bad guy here.. Looking at the limits on your card as I see your highest limit is on the NFCU card, you will get approved but you will not be getting a 50k lowes card. The credit line is determine by the limits on all cards, scores etc..

You have a very good reason as to why you want it so I will keep fingers crossed for you. Report back with results..

My highest card was a 17,500 NFCU card, and when I called them for a CLI, I was given $25k (from a $2,500 limit) when I asked for it, $7,500 more than NFCU. Now this was an established account, so it might differ from a new account, and $50k is quite high, but it's possible.

Re: App'ing for Lowes

Slim1Der — Sun, 26 Jul 2015 19:58:25 GMT

The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 20:17:51 GMT

@Slim1Der wrote:
The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?

$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.

Re: App'ing for Lowes

Slim1Der — Sun, 26 Jul 2015 20:22:03 GMT

@Anonymous wrote:
@Slim1Der wrote:
The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?
$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.

$165k

But I always have been asked for GROSS income. I can prove last years income and show that I'm tracking $150k this year.

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 20:24:01 GMT

@Slim1Der wrote:
@Anonymous wrote:
@Slim1Der wrote:
The application is asking for Annual NET income. This is a first for me. Last year I made $165. What do I put?
$165? or $165k? I would only put what you can prove in case they ask for proof of income. I don't know if Lowes would do that though.
$165k
But I always have been asked for GROSS income. I can prove last years income and show that I'm tracking $150k this year.

Ah, I missed the net part. I've never seen net income asked, so i dont know. sorry.

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 20:27:03 GMT

My guess would be to put your net income though. Income after taxes.

Re: App'ing for Lowes

Slim1Der — Sun, 26 Jul 2015 22:21:41 GMT

Ok so I applied and the last screen told me to call a number for further verification. I guess I put in the number wrong so I called the backdoor number and she told me I would have to call that department on Monday as they are closed today. Guess i'll call tomorrow.

Re: App'ing for Lowes

Anonymous — Sun, 26 Jul 2015 22:22:32 GMT

@Slim1Der wrote:
Ok so I applied and the last screen told me to call a number for further verification. I guess I put in the number wrong so I called the backdoor number and she told me I would have to call that department on Monday as they are closed today. Guess i'll call tomorrow.

Will keep fingers crossed for you and let us know how it does...

Re: App'ing for Lowes

Slim1Der — Sun, 26 Jul 2015 22:25:16 GMT

@Anonymous wrote:
@Slim1Der wrote:
Ok so I applied and the last screen told me to call a number for further verification. I guess I put in the number wrong so I called the backdoor number and she told me I would have to call that department on Monday as they are closed today. Guess i'll call tomorrow.
Will keep fingers crossed for you and let us know how it does...

OK THANKS! I WILL!

Re: App'ing for Lowes

ddemari — Mon, 27 Jul 2015 00:24:48 GMT

Good luck!

Re: App'ing for Lowes

Anonymous — Mon, 27 Jul 2015 02:48:17 GMT

Good luck!!

Re: App'ing for Lowes

Anonymous — Mon, 27 Jul 2015 02:56:22 GMT

Good luck tomorrow! I think you got the card based on your scores, but have a feeling you'll get much less than what you're going to be asking for.

Re: App'ing for Lowes

Anonymous — Mon, 27 Jul 2015 03:07:09 GMT

Good luck also. Just add up 4 times net for the month and multiply times 12. Be careful, I noticed this on a few apps. I never really paid attention so I am assuming this could happen more than I thought and I was always putting gross. I keep my net in my notes just in case as it can change from yr to yr.

Re: App'ing for Lowes

Slim1Der — Mon, 27 Jul 2015 03:11:05 GMT

I know I'm most likely not going to get $50k but I figured I'd ask. A counter at $25+ would be great either way. We'll see

Re: App'ing for Lowes

Anonymous — Mon, 27 Jul 2015 18:18:41 GMT

@Slim1Der wrote:
I know I'm most likely not going to get $50k but I figured I'd ask. A counter at $25+ would be great either way. We'll see

Any update? Hoping for the best for you..