topic Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1 in Credit Cards

Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Thu, 13 Jun 2024 00:44:14 GMT

I requested a CLI on my Fidelity Visa Signature Card and was denied. AA leter came and it said the primary reasons are:

Maximum monthly revolving spend is too high
Too many bankcard accounts

They apparently used the "TransUnion Rapid Default Model Version 1" to determine this and gave me a score of 568 (out of 850). I had never herd of this score model before, but apparently it is a thing that US Bank is using now based on internet posts I saw. This card ultimately points to US Bank (Fidelity --> elan --> US Bank), so I guess that is consistent at least.

Not sure how to resolve these reason codes. I spend 5k+ per month on my cards, but pay them off before the statement / reporting date. Reported balances are almost always $0 as I follow AZEO. I guess they are looking at my monthly payments made which are often high. I am not going to give up using the cards and receiving the cash back from them. Also, how many bankcards is too many? I have 8 cards -- all in good standing, and a little over 50k in avaliable revolving credit. Thoughts???

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

Gunnerboy — Thu, 13 Jun 2024 00:59:12 GMT

TURD Model V1?

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

gdale6 — Thu, 13 Jun 2024 02:22:44 GMT

How long has it been open? Limit of this card and how much you use it $ in a month?

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

GZG — Thu, 13 Jun 2024 04:26:19 GMT

@ForwardLooking wrote:
I requested a CLI on my Fidelity Visa Signature Card and was denied. AA leter came and it said the primary reasons are:
Maximum monthly revolving spend is too high
Too many bankcard accounts
They apparently used the "TransUnion Rapid Default Model Version 1" to determine this and gave me a score of 568 (out of 850). I had never herd of this score model before, but apparently it is a thing that US Bank is using now based on internet posts I saw. This card ultimately points to US Bank (Fidelity --> elan --> US Bank), so I guess that is consistent at least.

Not sure how to resolve these reason codes. I spend 5k+ per month on my cards, but pay them off before the statement / reporting date. Reported balances are almost always $0 as I follow AZEO. I guess they are looking at my monthly payments made which are often high. I am not going to give up using the cards and receiving the cash back from them. Also, how many bankcards is too many? I have 8 cards -- all in good standing, and a little over 50k in avaliable revolving credit. Thoughts???

nothing you can do, just ask every month, assuming it's a SP and wait for it to turn into an approval

be glad the reason code isn't: "you don't have a joint account"

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Thu, 13 Jun 2024 05:24:19 GMT

@gdale6 wrote:
How long has it been open? Limit of this card and how much you use it $ in a month?

It is reached it's 7th month when I tried for the CLI. TransUnion Fico 8 is 712. Starting limit was low, only $500. I put about $111 on it from utility bills on it each month and pay in full before the well before the due date around the 25th of each month. I got it because I have a brokerage account with Fidelity and was going to use the 2% cash back to build my account holdings. My initial goal was to put all my utilities and other living expenses on it that I don't get better rewards for, but with only a $500 limit, I have only moved a few bills to it. I currently use my Navy Federal Flagship for the rest of my bills and get 2% back there, so all is not lost, but it is anoying to have such vague reason codes.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Thu, 13 Jun 2024 05:25:40 GMT

@GZG wrote:
@ForwardLooking wrote:
I requested a CLI on my Fidelity Visa Signature Card and was denied. AA leter came and it said the primary reasons are:
Maximum monthly revolving spend is too high
Too many bankcard accounts
They apparently used the "TransUnion Rapid Default Model Version 1" to determine this and gave me a score of 568 (out of 850). I had never herd of this score model before, but apparently it is a thing that US Bank is using now based on internet posts I saw. This card ultimately points to US Bank (Fidelity --> elan --> US Bank), so I guess that is consistent at least.

Not sure how to resolve these reason codes. I spend 5k+ per month on my cards, but pay them off before the statement / reporting date. Reported balances are almost always $0 as I follow AZEO. I guess they are looking at my monthly payments made which are often high. I am not going to give up using the cards and receiving the cash back from them. Also, how many bankcards is too many? I have 8 cards -- all in good standing, and a little over 50k in avaliable revolving credit. Thoughts???
nothing you can do, just ask every month, assuming it's a SP and wait for it to turn into an approval

be glad the reason code isn't: "you don't have a joint account"

That's an odd reason code too.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

gdale6 — Thu, 13 Jun 2024 23:39:50 GMT

@ForwardLooking wrote:
@gdale6 wrote:
How long has it been open? Limit of this card and how much you use it $ in a month?
It is reached it's 7th month when I tried for the CLI. TransUnion Fico 8 is 712. Starting limit was low, only $500. I put about $111 on it from utility bills on it each month and pay in full before the well before the due date around the 25th of each month. I got it because I have a brokerage account with Fidelity and was going to use the 2% cash back to build my account holdings. My initial goal was to put all my utilities and other living expenses on it that I don't get better rewards for, but with only a $500 limit, I have only moved a few bills to it. I currently use my Navy Federal Flagship for the rest of my bills and get 2% back there, so all is not lost, but it is anoying to have such vague reason codes.

Ok, you barely qualified for the card when you got it. They want a track record before they give you more. Keep using it along with your other cards and try in month 13. US Bank is conservative you just need some time wit them.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

FicoMike0 — Fri, 14 Jun 2024 01:13:41 GMT

I didn't know elan was usb. Usb did pull tu on me. I guess I can look forward to the turd when I try cli in four months on my connect card.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

FicoMike0 — Fri, 14 Jun 2024 01:15:54 GMT

My usb connect is $2000, which I thought low. Two months later, they approved me for shoppers at $7000.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Fri, 14 Jun 2024 01:31:13 GMT

@gdale6 wrote:
Ok, you barely qualified for the card when you got it. They want a track record before they give you more. Keep using it along with your other cards and try in month 13. US Bank is conservative you just need some time wit them.

I am OK with the denial, I am just confused on their obscure reason codes and how this new TURD works. I regulary ask for CLI's on my accounts about every 6 months as most people do. Every AA letter I have recieved when denied has a valid reason, or at least one that makes sense. But how do you interpit vague codes like "Too many bankcard accounts" or "You don't have a joint account" (as GZG pointed out)? They just don't make sense.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Fri, 14 Jun 2024 01:33:29 GMT

@FicoMike0 wrote:
I didn't know elan was usb. Usb did pull tu on me. I guess I can look forward to the turd when I try cli in four months on my connect card.

Let us know how it goes. It appears to be something new, model wise, and not much info on it. Good luck when you do try.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

Anonymous — Sun, 16 Jun 2024 23:12:46 GMT

TURDs are nothing new to TransUnion or USB:

https://newsroom.transunion.com/as-financial-institutions-face-greater-rapid-default-fraud-and-credit-risks-transunion-fortifies-its-idvision-with-iovation-suite-of-solutions/

They need a track record before they will lengthen the rope to be sure you don't hang yourself, or them.

On a personal note, I had a rotten experience with Fidelity VISA: They would not let me pay for charges that haven't settled. When I pay my cards I pay whatever has hit the account, pending or not, as of the day I pay it. This was refused by elan, which was annoying. But more to the point, my wife passed, and she had that card, When I called to get a final balance and cancel the card they gave me a massive runaround, telling me to contact specific people at USBank with all kinds of paperwork. The paperwork I get. Trying to get hold of a specific person, rather than a department, seemed suspicious. So I paid the balance off and left it to wilt on the vine. And then I cancelled my card, purely out of spite. They didn't even ask why.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

Pppoolboy — Mon, 17 Jun 2024 19:02:04 GMT

Sorry to hear about your wife and all the annoyances you had to go through after!

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

ForwardLooking — Tue, 08 Jul 2025 03:41:40 GMT

Just an update from my original post. I asked for a CLI last month on this card and they moved my to a $10,000 limit. I did suffer from a hard pull though I guess a year of good behaviour with them made a difference in their eyes.

Re: Fidelity Visa Signature CLI Denial -- TransUnion Rapid Default Model 1

TrapLine — Tue, 08 Jul 2025 09:44:14 GMT

@ForwardLooking wrote:
Just an update from my original post. I asked for a CLI last month on this card and they moved my to a $10,000 limit. I did suffer from a hard pull though I guess a year of good behaviour with them made a difference in their eyes.

Congrats! Glad you were able to obtain a real CL ... As you have read Elan/USB is a conservative financial. They love relationships (the USB side of things) and even use "customer relationship scores" (not generally shared with customers).

Once established with them, I found a good relationship and products. An interesting point for me, they will offer me 'Certificate of Deposits' Rates not available online, by phone or by text, they just pop up on my landing page where if I do not use them ... gone. I do try to use them so I stash cash (never know when they will pop-up).

Chuckle, as I get calls from their personal bankers who can not get me the surprise interest rates and do not have access to them so ... "go figure" ... best part is, USB has given me quiet specials over many years (unlike any other financial I ever dealt with?)!

Got'ta love it!