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CSP CLI Declined....

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Credit-hoarder
Valued Contributor

CSP CLI Declined....

Had requested the above about 5 days ago to take advantage of a 0% BT until Nov. 2016 offer I received. Called the number on back of the card and learned the request had been declined. Requested to speak to UW and was told simply it was for recent INQs and accounts opened this year (7 accounts-8 INQs) which is true. So I'm guessing app-ing for a CLI with their dedicated cards is subject to the same 5 in 2 year rule for new applications. No biggie--I also currently have 3 other 0% BT offers from Discover, FNBO, and FIA all of which have longer terms (FIA goes until March 2017) and higher existing CLs on the cards--so they will get my BT business. Only thing I am sorry about is taking a HP for it-but that's what happens when you decide to roll the dice!

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 1 of 11
10 REPLIES 10
Anonymous
Not applicable

Re: CSP CLI Declined....

Sorry to hear about your declined request. Thanks for sharing.

Message 2 of 11
Anonymous
Not applicable

Re: CSP CLI Declined....

So sorry, OP. It can sure happen. I am not "poking the bear," "stirring the pot," or any of those phrases lol for a year. I have too many of everything. Smiley Very Happy

Message 3 of 11
Credit-hoarder
Valued Contributor

Re: CSP CLI Declined....

Also forgot to add: Too many balances on existing accounts was another reason given. Albeit most of them are $300 or less. Right now on EX and EQ I'm at 8% UTL acroos all CCs. And I was instantly approved for Hyatt late in August--go figure! Since my mortgage is now paid, I've been SERIOUSLY concentrating on getting UTL below 5% but more importantly cutting my total CC debt by half--or down to $7000 or less by next Spring.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 4 of 11
NRB525
Super Contributor

Re: CSP CLI Declined....

Sorry to hear about the decline, but thanks for the info. A CSP is in my future, but not until I can find the time to stop getting other cards with sign up bonuses Smiley Happy

 

Good luck on the continued pay down of debt. I've got a ways to go myself.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 5 of 11
signaturecardmember
Frequent Contributor

Re: CSP CLI Declined....


@Credit-hoarder wrote:

Had requested the above about 5 days ago to take advantage of a 0% BT until Nov. 2016 offer I received. Called the number on back of the card and learned the request had been declined. Requested to speak to UW and was told simply it was for recent INQs and accounts opened this year (7 accounts-8 INQs) which is true. So I'm guessing app-ing for a CLI with their dedicated cards is subject to the same 5 in 2 year rule for new applications. No biggie--I also currently have 3 other 0% BT offers from Discover, FNBO, and FIA all of which have longer terms (FIA goes until March 2017) and higher existing CLs on the cards--so they will get my BT business. Only thing I am sorry about is taking a HP for it-but that's what happens when you decide to roll the dice!


You could always apply for a co-branded card you might be able to use and transfer some of that CL to the card you want to use it on. Bank of america cards use a 4% fee on their BT promotions from what i have seen

Started: 4/14 Bank of America Signature $6k, 85% Utilization, 745 Fako
Currently: 6/18 Bank of America Signature $99.9k, Chase Slate $0, Chase Freedom Signature $2.5k, American Express Gold NSL, American Express Everyday $6k, Lowes GE $0 (From $35k), Discover IT $38.5k, Capital One Quicksilver $5k, Barclays US Airways $24k, DCU Platinum $30k, PenFed Promise $47k, Chase Freedom Unlimited Signature (From CSP) $50k, Chase AARP Signature $7.5k, American Express Blue Cash $7.5k, Citi American Airlines Platinum $10.5k, Capital One Venture Signature $30k, Chase Sapphire Preferred (From Reserve) $12k, Chase Ink Business Preferred $10k, Barclays Aviator Business $14k. Total Available Credit: Over $350k, Utilization 4%, AAoA 7 Years, TU Fico 799, EX Fico 727
Message 6 of 11
Credit-hoarder
Valued Contributor

Re: CSP CLI Declined....


@signaturecardmember wrote:

@Credit-hoarder wrote:

Had requested the above about 5 days ago to take advantage of a 0% BT until Nov. 2016 offer I received. Called the number on back of the card and learned the request had been declined. Requested to speak to UW and was told simply it was for recent INQs and accounts opened this year (7 accounts-8 INQs) which is true. So I'm guessing app-ing for a CLI with their dedicated cards is subject to the same 5 in 2 year rule for new applications. No biggie--I also currently have 3 other 0% BT offers from Discover, FNBO, and FIA all of which have longer terms (FIA goes until March 2017) and higher existing CLs on the cards--so they will get my BT business. Only thing I am sorry about is taking a HP for it-but that's what happens when you decide to roll the dice!


You could always apply for a co-branded card you might be able to use and transfer some of that CL to the card you want to use it on. Bank of america cards use a 4% fee on their BT promotions from what i have seen


Thanks for your suggestion signaturecardmember and for the input everyone. I'll just use one or two of the other BT offers I've been presented with. I do plan to app for another Chase card, but not for some time until my EQ score rebounds somewhat.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 7 of 11
12njoy
Super Contributor

Re: CSP CLI Declined....

Sorry to hear CH.  I know all too well about that CSP and lack of CLI.  My ride with Chase has come to an end.  That last app last night is stuck out in limbo somewhere.

(Formerly known as: Credit is my hobby (1.7M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 8 of 11
Credit-hoarder
Valued Contributor

Re: CSP CLI Declined....


@12njoy wrote:

Sorry to hear CH.  I know all too well about that CSP and lack of CLI.  My ride with Chase has come to an end.  That last app last night is stuck out in limbo somewhere.



@12njoy wrote:

Sorry to hear CH.  I know all too well about that CSP and lack of CLI.  My ride with Chase has come to an end.  That last app last night is stuck out in limbo somewhere.


I read about that earlier 12njoy. What card did you go for this time? I still plan to do Marriott but not for a while. Might even try to get the business version.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 9 of 11
12njoy
Super Contributor

Re: CSP CLI Declined....


@Credit-hoarder wrote:

@12njoy wrote:

Sorry to hear CH.  I know all too well about that CSP and lack of CLI.  My ride with Chase has come to an end.  That last app last night is stuck out in limbo somewhere.



@12njoy wrote:

Sorry to hear CH.  I know all too well about that CSP and lack of CLI.  My ride with Chase has come to an end.  That last app last night is stuck out in limbo somewhere.


I read about that earlier 12njoy. What card did you go for this time? I still plan to do Marriott but not for a while. Might even try to get the business version.


The Disney card

(Formerly known as: Credit is my hobby (1.7M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 10 of 11
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