topic My 1st App Spree! in Credit Cards

My 1st App Spree!

GuyInFlorida — Tue, 04 Jun 2013 18:48:56 GMT

Many thanks to the people on this board. You advice has helped me tremendously!

App Spree Results:

Amex Platinum NPSL --- Approved!

Discover IT $8000 --- Approved!

CSP --- Denied, analyst on Recon told me to apply for another Chase product and call back

Chase Freedom ~~$500~~ $2000 (Update--Re-Re-Recon works)--- Approved! I wouldn't have bothered, but theres no annual fee --- Will try to CLI in 6mos

Barclays Arrival --- ~~Pending-- 10 day msg due to FA on my CR -- Will call recon/analyst on Monday.~~ Approved! $3500

About Me:

12 months ago, I had a 594 Fico -- and now I have a Eq-715 and TU--704 score! No lates/No Derogs remaining

Documented income $120k/Personal and $180k/Household

Current Profile

6yrs total credit file

Credit Cards

Amex Blue *AU* 7k / 10k

NFCU *AU* 5k/ 14k

BOA *AU* $0/10K

(High Util but not my accts)

Cap one 0/500 (24 Mos) -- my only personal acct and seemingly impossible to CLI (despite maxing and PIF every month before statement cuts)

Car loans (5 seperate in 6 years)

BMW Financial $14k/70K

BMW Financial $12k/67K

BMW Financial $0/50k

BMW Financial $0/59k

BMW Financial $0/38K

Thanks again for the help!

Re: My 1st App Spree!

Rackham94 — Sat, 01 Jun 2013 14:07:14 GMT

congrats!!

did you call back for csp?

haha is that a new bmw each year

Re: My 1st App Spree!

Anonymous — Sat, 01 Jun 2013 14:08:42 GMT

Nice approvals and great starting CL on the Discover -- congrats!

Re: My 1st App Spree!

parakleet — Sat, 01 Jun 2013 14:11:38 GMT

Congrats! I would call back to recon that CSP. If there's one thing I've learned here, it's to recon, recon, and recon. With your income and clean profile, there's no reason you shouldn't be able to get approved for the CSP with the right analyst. Also, I would recon that freedom limit. That will most likely cost you a HP but if you can get a non-toy limit, it would be worth it.

Also, people will probably suggest that you call the cap1 EO about your CL. Loads of people have had success by calling the EO for cap1. Good luck!

Re: My 1st App Spree!

GuyInFlorida — Sat, 01 Jun 2013 14:33:08 GMT

I only called once for CSP-- then apped for a Freedom and called back. Approved for the Freedom, but they made it sound like a laborious task... I didn't understand it myself, Discover took one look at my file and said "Is 8K enough?"

Yes, thats a new BMW every 12-14 months BMW FI has been a real pleasure to deal with, and treated me with respect (even when my FICO was garbage).

Re: My 1st App Spree!

GuyInFlorida — Sat, 01 Jun 2013 14:44:27 GMT

Thanks for the advice-- I'm going to try the CapOne EO -- is it better to Email them or Snail Mail them?

The analyst for CSP gave me a hard time about not having more revolving lines, and made no mention of multiple paid installment loans. Think Chase is worth another HP?

Re: My 1st App Spree!

kilj0y — Sat, 01 Jun 2013 20:41:20 GMT

Chase is weird when it comes to credit applications.

My Credit file is 7 years old

CC 7k/8k

CC 2900/3000

CC 0/3500

CC 0/6000

CC 0/1000

Score 642-683-670

48k annual income

I was approved for CSP 5k (instant approval)

and Ink Bold 5k for my startup with $275.00 annual sales(had to recon)

Applied both in same day.

I also have a checking and business checking with about $100 combined with Chase.

Keep trying.

Re: My 1st App Spree!

Emdee_MD — Sat, 01 Jun 2013 20:58:43 GMT

@ Florida I would email the EO. I can PM you the email. I sent it around 2pm on Friday the 31'st. and got a call back before end of business. About 4pm. Took all my info, and said I should hear an answer by Tuesday.

Re: My 1st App Spree!

FocusedAndDetermined — Sat, 01 Jun 2013 21:13:42 GMT

Congrats on your approvals! You should do an ad for BMW.

Re: My 1st App Spree!

FocusedAndDetermined — Sat, 01 Jun 2013 21:15:40 GMT

@kilj0y wrote:
Chase is weird when it comes to credit applications.

My Credit file is 7 years old
CC 7k/8k
CC 2900/3000
CC 0/3500
CC 0/6000
CC 0/1000

Score 642-683-670

48k annual income

I was approved for CSP 5k (instant approval)
and Ink Bold 5k for my startup with $275.00 annual sales(had to recon)

Applied both in same day.
I also have a checking and business checking with about $100 combined with Chase.

Keep trying.

Chase weird - that's putting it kindly.

Re: My 1st App Spree!

GuyInFlorida — Sat, 01 Jun 2013 22:59:16 GMT

Wow-- Chase seems very YMMV when it comes to approvals and credit lines.

Re: My 1st App Spree!

Anonymous — Sat, 01 Jun 2013 23:50:50 GMT

grats on the approval!

Keep us posted on your barclays app!

I think the high balance on that Amex card that you are AU on might have affected you adversely for Chase.

Re: My 1st App Spree!

youngandcreditwrthy — Sun, 02 Jun 2013 00:02:12 GMT

Yeah, you def gotta email the CEO of Capital One!
Ask for a cli to like $7,500. They'll prob counter offer for like $3-5k.

Good luck!

Re: My 1st App Spree!

GuyInFlorida — Sun, 02 Jun 2013 20:28:19 GMT

UPDATE--

Working the phone really pays off!

I called the Chase App Recon number and was referred to frontline CSR for a credit limit increase.

I spoke to the Chase CSR (A very nice and polite guy I might add) I was conservative and asked for $2000. Then I answered some income questions, intended usage, etc -- then got a pending 7-10 reply

I immediately called the App Recon/Analyst number and spoke to another Analyst (this makes the 4th or 5th person I've spoken to in 2 days)

I reanswered the questions and about 5 minutes later-- I was approved for an instant increase from $500 to $2000.

Not my highest credit line, but atleast useable for small incidental charges that fit the Chase Freedom rotating rewards categories.

Either way--- 4x starting limit 1 day after opening the account-- I think its a WIN.

Thanks for the help!