Re: Apple Card credit limit increase

CreditCuriosity · ‎12-20-2019

@Aim_High wrote:
@Anonymous wrote:
Those of you who are getting the "not paid back enough of your balance" are you requesting an increase while carrying a balance from month to month? Or do you just happen to have a balance but you normally pay in full?
It's just canned language that can apply to more than one situation. In my case (and I think many others who posted), I was paying off my balances early. There were small balances on my statements which I paid-in-full well before the due date but I was also making mid-month payments of charges before they even went to the statement cut. So in most cases, the verbage is aimed at "the proportion of your credit line USED", not the part that says "paid back." I imagine this same language could also be used if someone was slowly running up a balance on their account and only making minimum payments. That isn't my situation or what I gleaned from other postings.

"The proportion of your credit limit used and paid back is not sufficient."

This... We generious lanaguage being we aren't profitable to them and not really a good reason other than we arent using enough of CL given to us even if we are paying it off.. I dont carry a balance and have very strong scores and like alot of other people six figure income. I am sorry I am not going to use a 1% card as apple CC isnt accepted everywhere for all my spend to get a CLI.. Just a generic excuse along with conservative CL's in general for high earners.

jaytatis · ‎12-20-2019

just got an email as well a denial..

reason:::

the proportion of your credit limit you have used and paid is not sufficient

Scores Via CreditKarma TU 814, EQ 814

BOA Cash Rewards 70,000 CL
Discover IT 33,200 CL CL
Chase Sapphire 31,500
American Express Everyday 20,000 CL
American Express Blue Cash Everyday 20,000 CL
Citi Double Cash 26,100 CL
Citi Diamond Preferred 21,100 CL
Sync Care Credit 20,000
Apple Card 15,000

Anonymous · ‎12-20-2019

It may be generic but from the bank perspective it is a totally valid reason. We all knew what the limitations of the card were before we got it. But we went for it anyway.....yolo...fotm etc.

From the bank's perspective if they gave someone a 4K limit and they are only using a few hundred a month then the limit is sufficient. Here on myfico where the average person is more credit savvy and understands how much of a massive chunk of your score utilization is, we tend to either only use a card up to an amount and/or not want amounts to report over certain thresholds. Well the average consumer is not like that. They use the card natuarally and let their natural spend report. So risk algorithms looking at a typical myfico person amount of spend, would say "looks like this person does not need an increase".

...and conversely if we are running spend through cards that are more beneficial 3-5% category or 2% daily then increasing limits is not going to get more spend. That is how the bank looks at.

Aim_High · ‎12-20-2019

@jaytatis wrote:
just got an email as well a denial..
reason:::
the proportion of your credit limit you have used and paid is not sufficient

Hmmm ...

Where I heard that one before?

Lol

Join the "GS Proportion Club"

Membership is free but requires a GS email with that statement.

It'll include about 1/3rd of the My Fico membership.

Business Cards

Length of Credit > 42 years; Total Credit Limits > $947K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 97.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.

CreditCuriosity · ‎12-20-2019

@jaytatis wrote:
just got an email as well a denial..

reason:::

the proportion of your credit limit you have used and paid is not sufficient

Saw this from a mile away seeing your other card limits.. All credit limits > 20k check... Pretty much meets the crtieria to be part of the club ..

joltdude · ‎12-20-2019

Just got a big fat nope from Goldman Sachs.

The proportion of your credit limit you have used and paid is not sufficient

TU FICO 9 is reported to be 803 (Pleasant Surprise)

CreditCuriosity · ‎12-20-2019

@joltdude wrote:
Just got a big fat nope from Goldman Sachs.

The proportion of your credit limit you have used and paid is not sufficient

TU FICO 9 is reported to be 803 (Pleasant Surprise)

Yep they got their cut/paste generic response down good now.. Most with good /excellent credit and ample credit and not utilizing much of the CL will get this response

Benzman · ‎12-20-2019

Response to my CLI request;
“You haven't paid all or a significant portion of your Apple Card monthly balances
The proportion of your credit limit you have used and paid is not sufficient. ”

I think they are using canned responses since being I haven’t ever used the card yet, how could a balance/payment even be possible?
TU fico9 is 825

imaximous · ‎12-20-2019

I applied for a CLI a couple of days ago. If I get the "proportion of your CL..." excuse, I'll know they're just giving out standard copy/paste BS rejection notices. I've been cycling my $15k SL at least twice a month and even twice a week one time, and paying off right away to the point they've held my CL for several business days after making payments. It sucks they take up to 30 days to get a response according to a rep.
I'll post results when I hear back...

excalibur1 · ‎12-20-2019

@Aim_High wrote:
@jaytatis wrote:
just got an email as well a denial..
reason:::
the proportion of your credit limit you have used and paid is not sufficient
Hmmm ...
Where I heard that one before?
Lol

Join the "GS Proportion Club"
Membership is free but requires a GS email with that statement.
It'll include about 1/3rd of the My Fico membership.