topic Re: credit score needed for lowes card asking 4 CLI in Credit Cards

credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 21:06:01 GMT

im looking to get a lowes card personally to use for a business. it would be under my name but i may use it for my business. i was just wondering what credit score you need for a lowes card? and also is it possible i could call right after approval and get a credit limit increase? can i apply online. i have a 659 experian score. the others should be the same or a little higher. also i have 6 inquiries which credit karma says is very poor. but experians credit report said my low number of accounts is hurting my score also. if you had a low score and got approved could you tell me what score you got approved with.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 21:12:58 GMT

check/Google credit pulls database. good luck on the app!

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 21:25:25 GMT

@Anonymous wrote:
im looking to get a lowes card personally to use for a business. it would be under my name but i may use it for my business. i was just wondering what credit score you need for a lowes card? and also is it possible i could call right after approval and get a credit limit increase? can i apply online. i have a 659 experian score. the others should be the same or a little higher. also i have 6 inquiries which credit karma says is very poor. but experians credit report said my low number of accounts is hurting my score also. if you had a low score and got approved could you tell me what score you got approved with.

generally around a Transunion score of 670 is needed and yes you can immediately ask for a CLI. While you can do it online once you get your card, the best option is too Credit Solutions (Synchrony Bank) right after approval.. If you're planning on using this for business, I'd sugggest you consider applying for their business credit card.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 21:28:40 GMT

i apped after seeing people with lower credit scores getting approved for 300-900 dollars. it said i will get a response in the mail within 7-10 days. i hope this means i got approved. my vantage 3.0 credit score is 660 and i heard its higer for fico 8 is that true. i hope i dont get denied and have a hard pull on my account for nothing.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 22:10:32 GMT

i was denied i found a recon number for cli to synchrony bank and called gave them my information and they told me i was denied. i wont be applying for anymore credit cards for a few months till some of my credit inquiries fall off. it doesn't make since because there are people on the site recommended above who got approved with lower credit scores on each bureau. im kinda ticked. i just hope my credit score doesn't drop too much. i will know in a couple days. how much do yall think it will go down. i got 7 inquiries now. last inquiry dropped my score 4 points. edit: just checked credit karma and it updated and my TU dropped by 4 points because of the inquiry. which is fine to me. I have a second credit card i just got in the mail that is about to start reporting and im gonna pay it down to 5% utilization and it should go back up. im expecting my score to go up about 30 points from it like my last credit card did. I guess i should have waited for it to report but i wasn't thinking. i prolly woulda got approved if it had of increased my score by 30 points. anyways im not applying for anymore credit cards for about 4 months.

Re: credit score needed for lowes card asking 4 CLI

Skye12329 — Sun, 03 Apr 2016 22:37:21 GMT

Scores will fluctuate all the time. A credit application is more than just a score. Its your credit report, so some people might get approved and have a lower score but their credit report might have more history on it.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 22:48:54 GMT

yeah i only have a few years of credit history and a few late payments. i only had one account for the longest time and had some late payments on it so the ratio of on time payments to late payments was low. ill see why i was denied when i get the letter in the mail and ill just have to work on it. in 4 months ill apply for another credit card to work on my on time payment ratio.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 23:26:12 GMT

@Anonymous wrote:
i was denied i found a recon number for cli to synchrony bank and called gave them my information and they told me i was denied. i wont be applying for anymore credit cards for a few months till some of my credit inquiries fall off. it doesn't make since because there are people on the site recommended above who got approved with lower credit scores on each bureau. im kinda ticked. i just hope my credit score doesn't drop too much. i will know in a couple days. how much do yall think it will go down. i got 7 inquiries now. last inquiry dropped my score 4 points. edit: just checked credit karma and it updated and my TU dropped by 4 points because of the inquiry. which is fine to me. I have a second credit card i just got in the mail that is about to start reporting and im gonna pay it down to 5% utilization and it should go back up. im expecting my score to go up about 30 points from it like my last credit card did. I guess i should have waited for it to report but i wasn't thinking. i prolly woulda got approved if it had of increased my score by 30 points. anyways im not applying for anymore credit cards for about 4 months.

volcanocredit,

In the first place you are relying on the wrong system for your scores. Vantage Score 3.0 is not used by any of the big players therefore it is often called a FAKO score on here. My CK #'s have typically been around 100pts higher than my actual FICO8's. You need to use the same measure that they are using and you can get it a couple of places fairly cheap.

Creditchecktotal.com has a $1-7day special which will give you your actuall Experian score and fresh report daily and update your other scores/reports once a month. Once you call to cancel this service they will offer you a 50% off deal for under $15.00mth.

Another, but a bit more pricey, one is the myFICO 3B abd Ultimate 3B services offered here which give you live scores for all 3 bureaus. What I mean is that they will upate everytime there is a triggering alert such as INQ's new accts, balance changes, ect.

And, it's your TU score that Lowes (all SYNC backed CC's actually) and Cap1 look at for the initial acct.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 23:42:56 GMT

huh thanks for telling me someone else told me that CK was 10 to 20 points lower then fico 8. i will check later on when i have more money available and check it regularly.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 03 Apr 2016 23:51:51 GMT

@Anonymous wrote:
huh thanks for telling me someone else told me that CK was 10 to 20 points lower then fico 8. i will check later on when i have more money available and check it regularly.

CK scores are all over the place. Sometimes they are higher and sometimes lower than your actual FICO scores. That's why they are an unreliable picture of your TURE credit worthiness.They use a completely different scoring algorythm than FICO.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Mon, 04 Apr 2016 01:10:27 GMT

I apped for a lowes as my last card on my most recent app spree. i was approved with a 620 Tu score, 13 inquiries, and 1 account in collections. $800 SL. Need to call in to credit solutions soon and ask for the CLI. Family members with a little bit higher scores than me i know were instantly granted 5-6k cli once they called in. We shall see

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Mon, 04 Apr 2016 01:18:42 GMT

does credit check total do hard pulls or is it like credit karma and only does soft pulls.

Re: credit score needed for lowes card asking 4 CLI

KSK1912 — Mon, 04 Apr 2016 04:24:27 GMT

@Anonymous wrote:
huh thanks for telling me someone else told me that CK was 10 to 20 points lower then fico 8. i will check later on when i have more money available and check it regularly.

There is no such thing as 10-20 points lower or higher. It all depends on your overall credit report.When i started rebuilding last year, i had a few collections and had only couple accounts in good standing in my report. On an avarage my Fako's were as much as 100 points higher then my fico. Now that i have about 32 accounts in good standing with no baddies, my fako's are about 50 points lower than my fico scores. So don't assume anything. Just pull a 3B credit report here on MyFico and see everything for yourself. It is the best $30 you will ever spend.

Re: credit score needed for lowes card asking 4 CLI

KSK1912 — Mon, 04 Apr 2016 04:28:22 GMT

@Anonymous wrote:
does credit check total do hard pulls or is it like credit karma and only does soft pulls.

Anytime YOU check your own credit report, it is a soft pull. It does not matter which website you check it from. CCT will give you your EX score and report only, Get a membership here if you can afford the fee and get all your reports, your real scores including you bank card scores, auto loan scores, mortgage score and more. Even your fico 9.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Mon, 04 Apr 2016 10:39:56 GMT

@KSK1912 wrote:
@Anonymous wrote:
does credit check total do hard pulls or is it like credit karma and only does soft pulls.
Anytime YOU check your own credit report, it is a soft pull. It does not matter which website you check it from. CCT will give you your EX score and report only, Not true! Get a membership here if you can afford the fee and get all your reports, your real scores including you bank card scores, auto loan scores, mortgage score and more. Even your fico 9.

CCT will give you all 3 scores and reports monthly and your EX score/report daily.

Both CCT and myFICO are credit monitoring sites so all checks from them are SP's.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 04 Dec 2016 14:58:01 GMT

the vantage scoring system sucks! my Fico scores are 70 points higher than my vantage scores. Vantage freaks out at anything new happening like opening a new credit card and Fico doesn't. I wish credit card companies would just totally ignore vantage all together! cap one loves vantage scores!

Re: credit score needed for lowes card asking 4 CLI

K-in-Boston — Sun, 04 Dec 2016 17:18:09 GMT

Have to agree completely that the Vantage scores are in no way comparable to true FICO 08 scores. It completely depends on one's actual credit profile. Some people have comparable scores, but generally from what I see... people with some previous credit issues tend to have inflated FAKO scores, while those with good scores with perhaps some newer accounts and a bit of utilization will often see FAKO scores 50-100 points lower than their FICO scores. Case in point, my three FICO 08 scores are currently averaging 735 while my Vantage 3.0 Scores on CK are both 654. CreditKarma and the like tend to think I have fair odds of being approved for rebuilder cards with $500 starting lines, 29.99% APRs and $99 annual fees. In the real world, I have no issues getting approvals from prime lenders with 5-digit starting lines and the lowest published APRs. As others have said, there is a lot more to extending credit than just scores.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 04 Dec 2016 21:14:49 GMT

On your next app, check out American Express Lowes Business Card and see compare to the one you just applied. See which one will give you the most benefit and business return.

Re: credit score needed for lowes card asking 4 CLI

Anonymous — Sun, 04 Dec 2016 21:41:43 GMT

I got it with tu reading about 640 300 limit