topic Re: Feel like a dummy. They really put it in perspective. in Credit Cards

Feel like a dummy. They really put it in perspective.

nursepower — Wed, 31 Jul 2013 20:12:52 GMT

Applied for Chase Slate in March and was denied. Do have a Chase Freedom though almost at the limit. Was denied the slate. Called today after finding out about recon numbers. He told me to reapply and then call back. So I did. Current guy makes it sound really bad.

I pay all my cards On TIME but apparently I use too much of the credit. He made it sound horrible. Waiting for decision now.

~edited to keep it G rated, ~pizzadude, myFICO moderator

Re: Feel like a dummy. They really put it in perspective.

nursepower — Wed, 31 Jul 2013 20:13:16 GMT

Too much credit with too high of a balance. He said I could pay some off and then reapply but at that point I don't need the balance transfer. Oh well. I'll be happy with what I have.

Re: Feel like a dummy. They really put it in perspective.

sccredit — Wed, 31 Jul 2013 20:13:33 GMT

Never apply for credit when you are maxed on what credit you do have. Lesson leaned

Re: Feel like a dummy. They really put it in perspective.

nursepower — Wed, 31 Jul 2013 20:13:59 GMT

Yes, lesson learned. Howere AMEX just increased my CL from 2K to 5K...of course it's PIF. Wonder if they do balance transfers?

Re: Feel like a dummy. They really put it in perspective.

djc1puno — Wed, 31 Jul 2013 20:14:19 GMT

Sorry to hear...it does suck when you get hit w such perspective, but you gotta move on and learn from it...time will make it better

Re: Feel like a dummy. They really put it in perspective.

myjourney — Wed, 31 Jul 2013 20:14:37 GMT

@nursepower wrote:
Yes, lesson learned. Howere AMEX just increased my CL from 2K to 5K...of course it's PIF. Wonder if they do balance transfers?

Please clairify I don't understand if you were given an increase/CLI it's a revolver and you can pay over time

Re: Feel like a dummy. They really put it in perspective.

djc1puno — Wed, 31 Jul 2013 20:14:55 GMT

Maybe its a charge card max limit?

Re: Feel like a dummy. They really put it in perspective.

nursepower — Wed, 31 Jul 2013 20:15:12 GMT

I have an AMEX blue that I pay in full every two weeks (if we use it) and my allowed spending limit went from 2K to 5K.

Re: Feel like a dummy. They really put it in perspective.

myjourney — Wed, 31 Jul 2013 20:15:31 GMT

@nursepower wrote:
I have an AMEX blue that I pay in full every two weeks (if we use it) and my allowed spending limit went from 2K to 5K.

That's what I though that is a credit card that you can carry a balance on a possible do a BT

Charge cards do not give CLI's and are NPSL thus do not give CLI's they just increase the mysterious spending limits which aren't usually disclosed

Re: Feel like a dummy. They really put it in perspective.

manwoot — Wed, 31 Jul 2013 20:15:49 GMT

That's the funny/annoying thing about credit. You have to get it when you don't need it, because when you do need it, you can't get it.

Re: Feel like a dummy. They really put it in perspective.

nursepower — Wed, 31 Jul 2013 20:16:43 GMT

manwoot how do you get the list of cards down there?

Re: Feel like a dummy. They really put it in perspective.

Anonymous — Wed, 31 Jul 2013 20:19:41 GMT

Welcome to the forum! Chase is a stickler on util.

To get the cc's in your siggy

http://ficoforums.myfico.com/t5/SmorgasBoard/Profile-tweaks/td-p/1864003

Re: Feel like a dummy. They really put it in perspective.

CreditScholar — Thu, 01 Aug 2013 06:32:03 GMT

@manwoot wrote:
That's the funny/annoying thing about credit. You have to get it when you don't need it, because when you do need it, you can't get it.

This is called planning ahead.

Re: Feel like a dummy. They really put it in perspective.

migliogiorni — Thu, 01 Aug 2013 14:52:53 GMT

I agree.

Re: Feel like a dummy. They really put it in perspective.

Anonymous — Thu, 01 Aug 2013 14:56:49 GMT

Don't feel bad. All credit analysts are sticklers, but the ones at Chase really go over your report with a fine-toothed comb, and even ask you questions about your finances in general. Then they give their opinion, and they don't try to be nice.

It's nothing personal, it's only business. Don't let them make you feel bad. They're just doing their job, and it's all just numbers.

Someday when you're in better shape they'll give you credit, no questions asked. They put everyone under this kind of scrutiny, when you talk to an analyst, though. It's not designed to make you feel bad, so don't let it!

Re: Feel like a dummy. They really put it in perspective.

ltspongebob — Thu, 01 Aug 2013 15:49:07 GMT

I agree that you have to not need it to get it, but that seems counter intuitive from a business sense. When I had debt trouble (High Util) CC companies wouldn't give me a chance Now that I have almost no debt, they're showering me with offers and bonus points galore. They are having to spend a lot of money to get my business that they could have had for free just a year ago...

But then again everything in the CC world is bizzaro. I'm now considered a "deadbeat?"... crazy!