topic Re: Nordstrom are nuts!!! in Credit Cards

Nordstrom are nuts!!!

Anonymous — Mon, 25 Jan 2010 22:27:11 GMT

So, I applied for their Visa Platinum and got approved for 7.5k(EQ pull). Then I asked them to incredase the limit since it was too small and asked if they will pull my credit again. The rep told me "no, we have your report right here". Then he refused to increase the limit. When I came back home i looked at my report and saw that Nordstrom pulled all 3! In a week I got the letter My CL was lowered to 1k. I called to ask what was going on and they told me it was due to my EX inquiries (I had 5). WTF I asked them not to pull my credit again! So I talked to a couple of managers and finally President of the bank and the agreed to close the account and remove it like it never existed and also delete the inquiries, but they would not give me the line back. Such a shame, they used to be a good bank

Re: Nordstrom are nuts!!!

Creditaddict — Mon, 25 Jan 2010 22:31:24 GMT

sorry for your experience but I would have kept them, they give huge CLI if you show just a little history with them and 7.5 is a great opening line with them.

Re: Nordstrom are nuts!!!

Anonymous — Mon, 25 Jan 2010 23:20:57 GMT

Wow, they lowered your limit from 7.5 to 1K in the first week?

Re: Nordstrom are nuts!!!

Anonymous — Mon, 25 Jan 2010 23:36:21 GMT

The first day and I would have kept them if they gave me 7500 line back but they said not

Re: Nordstrom are nuts!!!

score_building — Mon, 25 Jan 2010 23:51:55 GMT

chalk it up to experience... pushing too hard for a CLI on activation would be unpalletable to almost any issuer in this climate, even for high scoring/ net worth applicants. When it comes to being a new card holder best to prove yourself 1st before asking for more than you are eligible-- for that you at least want a payment history to back up your momentum.

Re: Nordstrom are nuts!!!

Anonymous — Tue, 26 Jan 2010 00:00:19 GMT

That's the thing, I have not been approved for less that 10k for the last 1.5 years and I know my creditworthiness. + Nordstrom are usually pretty generous with initial CL though you cannot get a lot more from them later (I think like 15k would be the max).

Re: Nordstrom are nuts!!!

score_building — Tue, 26 Jan 2010 00:20:06 GMT

Lexa wrote:
That's the thing, I have not been approved for less that 10k for the last 1.5 years and I know my creditworthiness. + Nordstrom are usually pretty generous with initial CL though you cannot get a lot more from them later (I think like 15k would be the max).

those new 10k+ accts may've gave them pause...new accts=increased risk, yet they still approved. you may want to call back without any displays of entitlement to see if another rep will reopen for you.

since the card usually tops out at around 15k you were already half way there upon approval and they do give generous CLI with minimal usage IME.

Re: Nordstrom are nuts!!!

Creditaddict — Tue, 26 Jan 2010 00:58:35 GMT

@Anonymous wrote:
That's the thing, I have not been approved for less that 10k for the last 1.5 years and I know my creditworthiness. + Nordstrom are usually pretty generous with initial CL though you cannot get a lot more from them later (I think like 15k would be the max).
Nordstrom is known to give low initial CL's and after proving yourself give huge CLI up to the 15k mark

Re: Nordstrom are nuts!!!

TangMeister — Tue, 26 Jan 2010 01:22:59 GMT

@Anonymous wrote:
That's the thing, I have not been approved for less that 10k for the last 1.5 years and I know my creditworthiness. + Nordstrom are usually pretty generous with initial CL though you cannot get a lot more from them later (I think like 15k would be the max).

Sorry about the disappointing Nordstrom card experience, Lexa.

For the record, Nordstrom will go well beyond $15k on their Visa after some history with them. That's just the often-stated max limit before they require proof of income. I know of several over $25k, and at least one with a $50k limit on their Visa Signature card.

Message Edited by TangMeister on 01-25-2010 05:22 PM

Re: Nordstrom are nuts!!!

Anonymous — Tue, 26 Jan 2010 02:27:32 GMT

sorry to hear about your experience with Nordstrom Bank. When i first got my visa card with them my initial credit line was $2,000. I was only 19 years old. i was estatic at the time. 7.5k credit line is a decent starting credit line with any bank. Just think it will grow from there. just because you have cards over 10k at initial credit line with other banks doesnt mean its going to happen everytime.

Re: Nordstrom are nuts!!!

Anonymous — Tue, 26 Jan 2010 03:15:48 GMT

I know and I would keep the account if they left it 7.5k. But they lowered it to 1k

Re: Nordstrom are nuts!!!

Anonymous — Tue, 26 Jan 2010 04:00:44 GMT

I would have been grateful for that initial credit limit and not have been too greedy considering this financial climate. I have been with them since 1987. They are a good bank and great card to have that would have grown with you. I think you pushed too hard...

Message Edited by knightimer on 01-25-2010 08:00 PM

Re: Nordstrom are nuts!!!

Anonymous — Tue, 26 Jan 2010 05:46:13 GMT

This is what happens when you push too hard for too much too fast. With just a modicum of patience you could have had a great account.

Re: Nordstrom are nuts!!!

Cotton_Britches — Tue, 26 Jan 2010 07:34:01 GMT

Greedy got the best of you. Should've been content with what you had.

Re: Nordstrom are nuts!!!

Anonymous — Fri, 29 Jan 2010 05:47:39 GMT

Just an update: My friend applied for Nordstrom CC togethr with me and got 5k Store card... Guess what, yesterday (1 week after he got approved) They pulled hard all 3 bureaus again!!! And then closed the account... He asked what motivated them to do the adverse action and pull all 3 bureaus again and they said his account RANDOMLY got reviewed and they closed the account due to too many inq. EX 7, EQ 7, TU 3. They ARE crazy

Re: Nordstrom are nuts!!!

haulingthescoreup — Fri, 29 Jan 2010 12:18:58 GMT

Three hards?

I hope he gets himself into his most polite mode and calls up to request that they recode them as softs. Yes, I suppose they had the right to do so, but that seems like a pretty brutal move on someone who had already been approved.

All my CC's monitor my reports, looking for trouble no doubt, but they do so via softs. The first time one pulls a hard for no reason, they'll be kicked to the curb. Not relevant in your friend's situation, I realize.

Re: Nordstrom are nuts!!!

Anonymous — Fri, 29 Jan 2010 13:46:31 GMT

Technically a CLI request is a request for new credit. Many CCC's will pull hard for CLI if the request is for more than the "system" provides by internal review or soft (indicating that possibly a soft doesn't give a total CR picture?) or when the CLI is customer initiated, prior to the normal review cycle time (immediatly upon app is one such time) or sometimes a CCC will hard upon any request.

I don't have Nordstrom experience...but IME a hard inq is not completely uncommon. And CapOne pulls all three as well.

I had a recent experience where I asked for CLI from CareCredit (GEMB) and they offered $1k with no pull or soft. I persisted for more, spoke to an analyst who pulled hard and then only offered me $800 (so I lost $200 in CLI). While my experience is not the same and I didn't get a CLD on total CL, it does indicate that it may be best policy to accept what is offered, then establish some history with them before asking for more...otherwise you may not like the actual results.

Sorry to hear about the OP experience though...

IMO $0.02

Message Edited by txjohn on 01-29-2010 05:46 AM

Re: Nordstrom are nuts!!!

Anonymous — Sun, 31 Jan 2010 21:30:01 GMT

Something doesn't seem right with this, why would you now co-apply for the Nordstrom card with a friend and just a week earlier applied and were greedy with the initial CL they offered which was below what you thought you deserved. Nordies have been great to me with increses in CL and even survived my Bk, of course it is paid off!

Re: Nordstrom are nuts!!!

Anonymous — Sun, 31 Jan 2010 21:34:41 GMT

I did not co-apply, please read before replying. It was not the greed, I wanted to get a higher CL like most people would, did not think it would heart to try. I already got my EX and TU inq removed. And I also asked them to remove the account so I do not have a new closed account on the report. They have removed it from EX so far

Re: Nordstrom are nuts!!!

orl2185 — Sun, 31 Jan 2010 21:58:06 GMT

@Anonymous wrote:
So, I applied for their Visa Platinum and got approved for 7.5k(EQ pull). Then I asked them to increase the limit since it was too small and asked if they will pull my credit again. The rep told me "no, we have your report right here". Then he refused to increase the limit. When I came back home i looked at my report and saw that Nordstrom pulled all 3! In a week I got the letter My CL was lowered to 1k. I called to ask what was going on and they told me it was due to my EX inquiries (I had 5). WTF I asked them not to pull my credit again! So I talked to a couple of managers and finally President of the bank and the agreed to close the account and remove it like it never existed and also delete the inquiries, but they would not give me the line back. Such a shame, they used to be a good bank

HUH, they still a great bank. I've had my cc with them since 2001. Started with 1k store card. Got lots of cli's.. Now currently SIG Visa... CL 18,500. At no time have I ever had to provide additional documents like it's has been discussed in the forum.