https://ficoforums.myfico.com/t5/Credit-Cards/Does-this-sound-correct/m-p/442487#M146729 <P>I've had a FIA card through Sovereign Bank for 1 year. &nbsp;No lates, only payed the&nbsp;minimum&nbsp;one month. &nbsp;I did keep a balance on the card with high utilization but was still making $100 a month payments. &nbsp;Credit limit is $700.</P><P>&nbsp;</P><P>Last week my balance reached $600 and I applied for a credit increase. &nbsp;The day after I joined these forums, read about utilization, etc and sent a $450 payment. &nbsp;Today I got the letter and was declined.</P><P>&nbsp;</P><P>&nbsp;</P><P>Was it because the payment was made after the request? &nbsp;I thought they would just take that into consideration during review?</P><P>&nbsp;</P><P>Credit score was EQ 643 with 80%+ utilization, no lates and no baddies, auto loan, student loan. &nbsp;Utilization is currently at 31% but haven't pinged a new score.</P><P>&nbsp;</P><P>They pulled EX.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Fri, 20 Feb 2009 23:06:23 GMT billsfan14 2009-02-20T23:06:23Z https://ficoforums.myfico.com/t5/Credit-Cards/Does-this-sound-correct/m-p/442487#M146729 <P>I've had a FIA card through Sovereign Bank for 1 year. &nbsp;No lates, only payed the&nbsp;minimum&nbsp;one month. &nbsp;I did keep a balance on the card with high utilization but was still making $100 a month payments. &nbsp;Credit limit is $700.</P><P>&nbsp;</P><P>Last week my balance reached $600 and I applied for a credit increase. &nbsp;The day after I joined these forums, read about utilization, etc and sent a $450 payment. &nbsp;Today I got the letter and was declined.</P><P>&nbsp;</P><P>&nbsp;</P><P>Was it because the payment was made after the request? &nbsp;I thought they would just take that into consideration during review?</P><P>&nbsp;</P><P>Credit score was EQ 643 with 80%+ utilization, no lates and no baddies, auto loan, student loan. &nbsp;Utilization is currently at 31% but haven't pinged a new score.</P><P>&nbsp;</P><P>They pulled EX.&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Fri, 20 Feb 2009 23:06:23 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Does-this-sound-correct/m-p/442487#M146729 billsfan14 2009-02-20T23:06:23Z https://ficoforums.myfico.com/t5/Credit-Cards/Does-this-sound-correct/m-p/442518#M146737 in current markets banks are not giving out increases to those who carry large balances close to there credit lines. Fri, 20 Feb 2009 23:33:19 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Does-this-sound-correct/m-p/442518#M146737 Creditaddict 2009-02-20T23:33:19Z