CFNA Firestone credit cli denial

[SUPERSQUID]

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@Suzette2 wrote:

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@SUPERSQUID wrote:

About 2 weeks ago i requested a cli on my 2800 firestone cc, instant denial. today i got the letter. reasons,

ACCOUNTS OPENED RECENTLY

LACK OF SATISFACTORY CREDIT HISTORY

OPEN DATE OF OLDEST REPORTED REVOLVING ACCOUNT TOO RECENT

NO AUTO LOANS REPORTED

I have read the ceiling on this card is 3200 so it would have been a small cli anyway.

What i found most interesting about the letter was a transunion score of 733 on 10/01/2022. None of my fico or vantage scores are that high, where the heck did they get that number?

I havent used the card for 2 years but recently they sent me an email saying the card will convert to a cobranded rewards visa/mc soon.

I plan to get an oil change there next week just to keep it open to see the rewards structure.

PS - The last auto loan i had was paid off in 2010

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I honestly feel that that some providers are tightening CLI's due to the lousy economy and inflation.  I saw a article this week in the WSJ that many are carrying higher credit card balances- not that you or anyone here that is educated is- but they don't see it that way.  It's likely not you

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I dont feel bad about it, I havent used the card in 2 years so its basically my fault. I was merely trying to pump up the limit to the max 3200 before they started their conversion to mastercard. It wouldve been only a 400 cli anyway.

[mystikal1]

FYI the max is not $3200, we opened one 1 year ago with a $4500 SL. We haven't asked for CLI.

[SUPERSQUID]

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@mystikal1 wrote:

FYI the max is not $3200, we opened one 1 year ago with a $4500 SL. We haven't asked for CLI.

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My card started at 1000 back in oct/2020. Then they gave me an automatic cli of 1800 oct/2021 making my limit 2800.

I have a fairly recent bk7 on my reports and low income so I would imagine 4500 for me would be like flapping my arms and trying to reach the stratospere.

Thanks for the info anyway, it may be able to help someone.

ps - i've had nothing but bad experiences when i brought my vehicle to firestone including this week. The card was on my list of cards to close and i am just keeping it to scope out the mc conversion and see if its viable to use other than for vehicle service.