topic Re: Weird day for Apps in Credit Cards

Weird day for Apps

mysterythemoon — Sun, 30 Apr 2017 21:34:08 GMT

Since working on my credit in the summer of 2016, I've gotten my scores from high 400's into solid 700 territory. Started with a 200 dollar limit on a secured Disco, and went from there. As it stands now, I have a CSP for 10k (just got the CL double automatically), 4k on an Amex Blue, and 1,700 on a NFCU. I got all of those in December, along with a car loan. Never late, util at 14%. Called Disco and told them how much I thought of their It card, but now that I've grown in my credit, I really needed a larger CL to even justfy using it at all. Was told no. Then I went on a mini app spree. BofA was pre-qual, but I was declined. NFL Extra Points is 'pending', as is Wells Fargo Propel, which is the bank I bank at. The only positive is that CO approved me for a QS at 5k. But other than that, what gives? Anyone know reasons I would have been almost-universally rejected? Are those two 'pending' cards pretty much declines?

Re: Weird day for Apps

HeavenOhio — Sun, 30 Apr 2017 22:39:16 GMT

Congratulations on what you've accomplished in such a short time.

I think you've probably hit a point where lenders are noticing inquiries and new accounts. They might also be taking note of the fairly substantial cumulative limit that you've accumulated.

This is probably a good time to garden for six months or a year to let things settle.

Re: Weird day for Apps

AverageJoesCredit — Sun, 30 Apr 2017 22:51:13 GMT

Yeah, going from 400s to 700 in 9 months is an amazing accomplishment but probably doesnt totally erase why you were in the 400s to begin with. This is your sign to enjoy your new cards and give them some time to age and they will grow. Youve got Navy and if your income and dti remain good the puppy will grow like wild fire. Chase seems to like you and Amex can triple in months. Good luck on the pendings but give it some time you will be golden

Re: Weird day for Apps

UncleB — Sun, 30 Apr 2017 22:59:53 GMT

Hi @mysterythemoon, I've removed/merged your identical thread. Please refrain from cross-posting; it's confusing to follow and is against the forum's Terms of Service.

Thanks for understanding,

--UncleB

myFICO Moderator