topic Re: Nordstrom - Interesting challenge I'm currently facing... in Credit Cards

Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 23 Dec 2009 04:06:23 GMT

(reluctantly standing up) Hello,

My name is rebuilding credit and I have been on an app spree during the last 7 days. I have app'd for the following in this precise order:

Chase Freedom: Approved $4,000.00

Best Buy: Approved $ 300.00

Jared: Approved $2,000.00

Macy's Approved $1,200.00

Nordstrom: Declined Despite Creditaddict's advice. They are very inquiry sensitive.

Issue: I received the negative statement from the salesperson at Nordstrom conveying my app was declined. I was embarrased but held my head up high and said no worries. Requested a number to call. They provided me with a number to call. I spoke with one person who informed was unable to share any information other than I was declined for an array of reasons. After speaking with 3 different people, I managed to speak with the manager whom conveyed that I was declined due to the number of inquiries. In an attempt to reason with her, from what I have learned on this forum, I kindly requested her to reconsider. I asked which CB's report did they pull and she shared that it was Equifax. I informed her that I track all my credit reports and that before applying, I was quite confident that I would be approved since I have hardly no debt, I earn more than 100k/yr and that I was interested in building a credit relationship with Nordstrom. She emphasized the number of inquiries I had posted on my report (EQ 4 inqs) and that I had just a recent account opened in Sept. I calmly explained that my credit limit was indeed low but that my CU was rather low, I had moderate scores: EQ 760 and on EX 747. I also conveyed that I have never been tardy with my payments, had an extremely low CU %: 9, my income exceeded 100k and I had hardly no debt. The reason why I requested credit was to establish tradeline relationship, despite all my recent inquiries, she later pulled EX with 8 inquiries (3 which I am disputing). I offered to fax proof of income and she said she was more than willing to reconsider after confirming my income and identification. I believe that I may be approved and certainly thank her in advance for her kind assistance. I will fax all the requested information tomorrow morning.

Any other recommendations or suggestions the forum may have is greatly appreciated beforehand.

12/17/09 FICO EQ 721 TU 623 FAKO EX 711

12/22/09 FICO EQ 760 TU 666 FAKO EX 747

2007 500+ overall score

2010 GOAL: By mid year reach 750-795 on all 3 CBs

12/17/09 FICO EQ 721 TU 623 FAKO EX 711

12/22/09 FICO EQ 760 TU 666 FAKO EX 747

2007 500+ overall score

2010 GOAL: By mid year reach 750-795 on all 3 CBs

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 23 Dec 2009 04:14:19 GMT

Sounds to me like you are in. Funny thing is they have never asked my income. If you could go back in time I think you should have done the app. For Nordstrom first.

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 23 Dec 2009 04:20:57 GMT

Hello corsbyk1!

Thanks for your feedback. I hope you are right! Actually, she never asked for proof of income, I brought it up and she agreed. After all, the board does say, and she did confirmed, that they are inquiry sensitive. Let's hope for the best. :-)

Re: Nordstrom - Interesting challenge I'm currently facing...

Jazzzy — Wed, 23 Dec 2009 12:34:07 GMT

Hi rebuilding...just curious...how did you show such score improvement in the matter of 5 days from Dec. 17th to the 22nd?

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 23 Dec 2009 15:31:29 GMT

Hello Lynette,

Sure! I pratically PIF my two cards and my report showed credit utilization to less than 9%. I was expecting an increment of 10-20 points but sure did welcome the increment of points they have given me.

Re: Nordstrom - Interesting challenge I'm currently facing...

Creditaddict — Wed, 23 Dec 2009 15:37:06 GMT

I think you will get it but this is why I listed them first on the list of cards I told you to apply for. and look at it this way, when you prove income over 100k and scores over 710 you qualify for the Signature Visa Card and if she approves you and send you any other card than that I would call back in and ask to be upgraded! and I don't think Nordstrom will go over 15k credit line without income verification, so you got that out of the way, the sky is the limit!

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 23 Dec 2009 15:54:42 GMT

Many thanks Sensei CreditAddict for your advise. I will send the requested information this morning and follow up with her later early evening. I am addicted to this forum :-)

BTW, what kind of CL should I be expecting or requesting? If memory serves me, the Nordstrom Signature Visa is a min of $5k CL, correct?

Cheers,

Rebuilding_Credit

Re: Nordstrom - Interesting challenge I'm currently facing...

Creditaddict — Wed, 23 Dec 2009 15:56:58 GMT

they probably won't venture out extreme high if you don't have other credit reporting showing you can handle that high, but CLI every 4 months I believe are very generous

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Tue, 05 Jan 2010 16:10:23 GMT

Hello creditaddict,

Firstly, Happy New Year! Hoping you had a wonderful holiday! I was actually declined but after much persistence and diligence, I was approved for a small CL of $500.00 for the store card. I do recall that you had conveyed to request an upgrade but they declined. :-(

Re: Nordstrom - Interesting challenge I'm currently facing...

score_building — Tue, 05 Jan 2010 16:37:58 GMT

rebuilding_credit wrote:
Hello creditaddict,

Firstly, Happy New Year! Hoping you had a wonderful holiday! I was actually declined but after much persistence and diligence, I was approved for a small CL of $500.00 for the store card. I do recall that you had conveyed to request an upgrade but they declined. :-(
request it after 6 months and with good history you'll get the visa upgrade (and a healthy CLI) w/ no prob., in the meantime enjoy the store card, it is one of the best out there IMO. congrats on the approval! Happy New Year!!

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Tue, 05 Jan 2010 19:37:15 GMT

By the way, I saw you have Macy's and they gave you 1200 CL. That is what they gave me and I asked them to close the card or give me a better limit, they asked how much I wanted and I said 10k. They approved me for 10k. I've seen it happening so many times, for some reason 1200 is like a magic number for them, 2 of my friends got the same and inkreased it to 4k right away. Never hurts to try, they may match your 4k Chase. Make sure you ask them not to pull your credit to do it.

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Tue, 05 Jan 2010 19:46:17 GMT

Hello Lexa,

Thanks for your kind and valuable contribution. I received the Macy's card the other day and they mailed me the Macy's Visa, product which I did not ask for. When applying for the store card, they had asked me if I wish for the Macy's Visa as well. I answered no, perhaps in the future. Well, I received the Macy's Visa card with a $6,000.00 CL. Should I still ask them for an increase on the Macy's store card? It remained at $1,200. BTW, what were your scores when you asked them for a 10K CL and was the request for the store card or for the Macy's Visa?

Thanks in advance for your assistance!

rebuilding_credit

Re: Nordstrom - Interesting challenge I'm currently facing...

Creditaddict — Tue, 05 Jan 2010 19:50:22 GMT

yes you should ask for it. in my experience you can ask for more than the CLI offered every 3 months for store and now 6 months for visa.

I started with 1k store and 2k visa, 1 year later I now have 10k store, 12k visa. My first 2 increases I asked for double current CL and was given it even though the computer had only originally offered me the common $700

Re: Nordstrom - Interesting challenge I'm currently facing...

TangMeister — Tue, 05 Jan 2010 19:57:11 GMT

@Anonymous wrote:
Hello creditaddict,

Firstly, Happy New Year! Hoping you had a wonderful holiday! I was actually declined but after much persistence and diligence, I was approved for a small CL of $500.00 for the store card. I do recall that you had conveyed to request an upgrade but they declined. :-(

Congrats on the Nordstrom recon! Once you're in with Nordies, you're in, and it's nice to see someone understand it's a victory not an insult to gain the store card in this respect. I'm sure with good history, you'll be good to go on the Signature Visa upgrade later this year.

Edit to add: And even bigger congrats on the Macy's Visa!

Message Edited by TangMeister on 01-05-2010 11:57 AM

Re: Nordstrom - Interesting challenge I'm currently facing...

Anonymous — Wed, 06 Jan 2010 01:58:07 GMT

My scores where about 770 (Fako, creditchecktotal), 3 new accounts in the past 2 months, 3 inquiries on EX. I have no idea if it is a visa or a store card, forgot to ask and decided to wait for it in the mail instead I think you can always change those