topic What Is the Worst You Burned a CC ... in Credit Cards

What Is the Worst You Burned a CC ...

MrSmooth — Sat, 13 Jan 2024 18:18:29 GMT

... and were subsequently approved for a new account with the same CC?

I have a credit past that I'm not proud of, but despite a slow payment period a few years ago, I haven't actually burned anyone since about 1995.

Which CC's hold grudges the longest?

Re: What Is the Worst You Burned a CC ...

NoMoreE46 — Sat, 13 Jan 2024 22:35:08 GMT

@MrSmooth wrote:
... and were subsequently approved for a new account with the same CC?

I have a credit past that I'm not proud of, but despite a slow payment period a few years ago, I haven't actually burned anyone since about 1995.

Which CC's hold grudges the longest?

If your file has been clean since 1995, you ought to be able to get a second chance with most issuers. The more grudgier are Amex, Chase and Citi.

Capital One is the opposite- you can get back in within a nano second.

Re: What Is the Worst You Burned a CC ...

Jnbmom — Sat, 13 Jan 2024 22:18:26 GMT

Barclays burned in 2005 still blacklisted . They are probably the lender at number 1.

Re: What Is the Worst You Burned a CC ...

Traveler101 — Sat, 13 Jan 2024 22:23:32 GMT

I've heard Barclay's is virtually a no go if you burned them. That's been posted many times. While on the subject, I wonder about USB. That's one you rarely hear of people burning them and getting back in.

Re: What Is the Worst You Burned a CC ...

coldworld — Sat, 13 Jan 2024 22:35:52 GMT

@NoMoreE46 wrote:
@MrSmooth wrote:
... and were subsequently approved for a new account with the same CC?

I have a credit past that I'm not proud of, but despite a slow payment period a few years ago, I haven't actually burned anyone since about 1995.

Which CC's hold grudges the longest?

If your file has been clean since 1995, you ought to be able to get a second chance with most issuers. The more grudier are Amex, Chase and Citi.

Capital One is the opposite- you can get back in within a nano second.

I burned cap one for for about $7500 8 years ago (credit card charge off), and they haven't let me back in.

Re: What Is the Worst You Burned a CC ...

Anonymous — Sat, 13 Jan 2024 23:24:58 GMT

Not quite burned in the normal (MyFico) sense, but Amex closed a card of mine for MS, and the following month approved my application for the same type of card (OBC). Didn't make too much sense but....

Re: What Is the Worst You Burned a CC ...

pizzadude — Sun, 14 Jan 2024 18:21:06 GMT

@MrSmooth wrote:
... and were subsequently approved for a new account with the same CC?

I have a credit past that I'm not proud of, but despite a slow payment period a few years ago, I haven't actually burned anyone since about 1995.

Which CC's hold grudges the longest?

Many credit unions have long memories. NFCU is one example, if you burn them you're out. Paying them back is a prerequisite to reconsideration for membership / accounts.

Re: What Is the Worst You Burned a CC ...

MrSmooth — Sun, 14 Jan 2024 18:37:20 GMT

Thank you everyone for your replies.

Re: What Is the Worst You Burned a CC ...

CreditCuriosity — Sun, 14 Jan 2024 19:35:43 GMT

@pizzadude wrote:
@MrSmooth wrote:
... and were subsequently approved for a new account with the same CC?

I have a credit past that I'm not proud of, but despite a slow payment period a few years ago, I haven't actually burned anyone since about 1995.

Which CC's hold grudges the longest?
Many credit unions have long memories. NFCU is one example, if you burn them you're out. Paying them back is a prerequisite to reconsideration for membership / accounts.

Believe all CU's are this way as member owned might be part of it. Haven't heard of a single CU that has let someone back in without being made whole again although I certainly can be incorrect on that.

Re: What Is the Worst You Burned a CC ...

Zoostation1 — Mon, 15 Jan 2024 02:59:05 GMT

I burned Discover for roughly $3k, got sued by them 3+ yrs later just before the statute of limitations. I supposedly made one payment that reset the clock and they sued right before the period ended. 2yrs later (super slow case) that led me to a BK7. FWIW I still have no record from my bank of that payment that I can find, but it's not relevant and doesn't change the fact I made poor financial decisions. Nonetheless, I got back in with Discover about 9yrs afer DOFD and 4yrs post filing. It started as a $400 secured card that unsecured after 7 mo and is currently at $2300 CL. I don't use the card much anymore (<$100/mo spend nowadays), but appreciate that it kicked of my rebuild Nov 2021.

Re: What Is the Worst You Burned a CC ...

shadanat — Mon, 15 Jan 2024 23:38:19 GMT

I burned Bank of America in 2014 for $5800 and they let me back in in 2021. SL was $1500 and it is still there.

Re: What Is the Worst You Burned a CC ...

AzCreditGuy — Wed, 17 Jan 2024 01:53:35 GMT

Amex back in 2009 and just last year I was sent an email, that they would let me back in if I paid the debt.....Told them to pound sand....Dont care for them and have other cards that work just fine for me

Re: What Is the Worst You Burned a CC ...

keluric — Mon, 22 Jan 2024 20:11:58 GMT

Burned AMEX on three cards in 2017. Paid a settlement that hurt badly at tax time. Back in with three cards (personal) and two business cards by 2023. I have a friend who can't get a soft pull when using the prequal tool and I firmly believe it's because he never paid them (and this was 15-20 years ago).

I don't even plan to try with Chase.

Re: What Is the Worst You Burned a CC ...

Anonymous — Mon, 22 Jan 2024 23:53:02 GMT

@keluric wrote:
Burned AMEX on three cards in 2017. Paid a settlement that hurt badly at tax time. Back in with three cards (personal) and two business cards by 2023. I have a friend who can't get a soft pull when using the prequal tool and I firmly believe it's because he never paid them (and this was 15-20 years ago).

Right, common wisdom is that the only way to get back with Amex is to pay (a necessary but not sufficient condition, i.e. they may still not let you back). But as with all things credit, there have been some exceptions, but if you really want an Amex, paying it back will certainly increase your chances. But if it is a large (to you) amount, carefully consider if it really is worth it