topic Re: New cards and CL's - Fidelity WTH? in Credit Cards

New cards and CL's - Fidelity WTH? - update

GatorGuy — Tue, 18 Jun 2013 20:11:26 GMT

So I applied for the Navy Federal Flagship Rewards, Penfed VISA Platinum Cash Rewards and Fidelity Rewards American Express all at the same time. I got approved for the following CLs:

Navy Federal: $40k

Penfed: $20k

Fidelity: $1k

I have never been approved for such a low credit limit, even after coming out right after college. Is there something that I'm missing with these people? When I called and talked to card services she couldn't tell me anything, but just they make their decisions based off a variety of factors, blah blah blah.

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 19:50:32 GMT

Wow! Are they inq/acct sensitive?

Re: New cards and CL's - Fidelity WTH?

dodfire — Tue, 18 Jun 2013 19:51:08 GMT

OUCH!!!!!!

But congrats on the other 2

Re: New cards and CL's - Fidelity WTH?

GatorGuy — Tue, 18 Jun 2013 19:51:59 GMT

I have no idea. I did apply with them last. And I have two car loans in the last month along with the other two card applications. But that just seems absurd. I wish I could get the HP back.

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 19:52:22 GMT

@09Lexie wrote:
Wow! Are they inq/acct sensitive?

i was just going to ask the same thing...i think you can call UW and try to recon your limit right?

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 19:52:42 GMT

Jeez! I was thinking about apping with them. Now I'm scared.

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 19:54:31 GMT

@09Lexie wrote:
Jeez! I was thinking about apping with them. Now I'm scared.

same here Lex! i was debating for either the AMEX of Visa siggy....now not sure.

Re: New cards and CL's - Fidelity WTH?

injustifiiable — Tue, 18 Jun 2013 19:55:41 GMT

Sounds like BoA/FIA to a T!

Re: New cards and CL's - Fidelity WTH?

GatorGuy — Tue, 18 Jun 2013 19:55:41 GMT

What number would I call to recon a credit limit? I asked the CSR but she didn't give me that as an option. I have an income which puts me in the highest tax bracket and my fico is 777.

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 19:58:31 GMT

i think its under FIA...should be on the backdoor numbers list.

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 20:01:37 GMT

@dodgerslv

I know! If they are anywhere being that sensitive I'll think I'll pass.

There was another post about getting sp CLI's really fast. Like 3 in 2 mos. I'll try and find the thread

Re: New cards and CL's - Fidelity WTH?

dodfire — Tue, 18 Jun 2013 20:03:23 GMT

@09Lexie wrote:
@dodgerslv

I know! If they are anywhere being that sensitive I'll think I'll pass.

There was another post about getting sp CLI's really fast. Like 3 in 2 mos. I'll try and find the thread

Ahem!!! Do I hear someone heading out the gate?

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 20:04:02 GMT

@09Lexie wrote:
@dodgerslv

I know! If they are anywhere being that sensitive I'll think I'll pass.

There was another post about getting sp CLI's really fast. Like 3 in 2 mos. I'll try and find the thread

yeah i remember reading that thread. He went like from 2000 to 10000 in like 2 months and was going to ask for 15k next month i think. Its funny, i got an email from them today inviting me to apply for the amex card...lol

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 20:05:08 GMT

Here it is:
http://ficoforums.myfico.com/t5/Credit-Cards/Fidelity-Amex-CLI-3rd-time/td-p/2218065

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 20:05:59 GMT

@dodfire

Me? No, not this month

Re: New cards and CL's - Fidelity WTH?

GatorGuy — Tue, 18 Jun 2013 20:11:50 GMT

I called and talked to a credit analyst. She asked me what credit limit I was looking for and I told her $30k. She asked why I wanted that much and I told her I was looking at replacing capital one as my daily card. I was told that due to too many credit inquires 2 for credit cards and 2 for car loans, that they thought I was looking for too much credit. She also said my debt to income was high which is because of medical school loans. The only other debt is mortgage. I think that excuse is just BS. Thanks for nothing Fidelity. Maybe I'll get some quick CLI's.

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 20:13:43 GMT

@GatorGuy wrote:
I called and talked to a credit analyst. She asked me what credit limit I was looking for and I told her $30k. She asked why I wanted that much and I told her I was looking at replacing capital one as my daily card. I was told that due to too many credit inquires 2 for credit cards and 2 for car loans, that they thought I was looking for too much credit. She also said my debt to income was high which is because of medical school loans. The only other debt is mortgage. I think that excuse is just BS. Thanks for nothing Fidelity. Maybe I'll get some quick CLI's.

sorry about not being able to recon but im sure you can get that card to grow quickly.

Re: New cards and CL's - Fidelity WTH?

09Lexie — Tue, 18 Jun 2013 20:17:49 GMT

On boy! I'm not so sure about this one.

dodgerslv, are you still going for it?

Re: New cards and CL's - Fidelity WTH?

HiLine — Tue, 18 Jun 2013 20:23:02 GMT

BofA is usually very good with credit limits. Could it be you already have too much credit with them? 2 car loans and a mortgage is quite some debt, from an underwriter's perspective.

If you decide to try recon again, perhaps don't ask for 30 times the current limit ...

Re: New cards and CL's - Fidelity WTH?

dodgerslv — Tue, 18 Jun 2013 20:28:02 GMT

@09Lexie wrote:
On boy! I'm not so sure about this one.

dodgerslv, are you still going for it?

i dont know now...I was leaning towards their visa siggy and they do take into consideration the limits that you have with BofA if you carry their cards. I have 18000 in available credit with BofA already so i dont know if they will be able to give me a nice limit or even a limit at all.