CSR app

[Anonymous]

I hear you. I just think the reliance on UTIL is too heavily weighted. Why give someone a line of credit/credit card, but then say "we really dont want you to use more than 10-20% of it!!" If that's the case I need each card to have $100k+ limit!

The past few years I've been in the garden using 0% offers to show high use. I'd invest the cash and at end of BT offer would repay and ask for CLI to get higher card limits.

Other than a car loan last year and Wells Fargo personal line this year, I havent app for new credit in almost 5 years. The CSR is my only app anytime soon (probably going to consolidate the Southwest and United cards as better rewards/flexibility thru CSR ). At some point I'll work on CLI from US Bank (but they hard pull), otherwise back in the garden I go.

[Remedios]

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@Anonymous wrote:
Cred4All: 100k?? I have $0 balances paying interest, and 3 cards I accepted a 0% offer and invested the cash, which has made me about $20k. I will not live my life by the rules, when I can make money off OPM!!

Btw, I have over $250k in cash and marketable securities to pay off those 0% cards when the rate expires in a few months. Until then, why would I pay back 0% before i need to??

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I dont think anyone here is telling you which rules to live by or when/how to pay off your cards.

The responses you're getting are simply in a context of applying while cards appear maxed out. 

[SarahJo]

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@Remedios wrote:

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@Anonymous wrote:
Cred4All: 100k?? I have $0 balances paying interest, and 3 cards I accepted a 0% offer and invested the cash, which has made me about $20k. I will not live my life by the rules, when I can make money off OPM!!

Btw, I have over $250k in cash and marketable securities to pay off those 0% cards when the rate expires in a few months. Until then, why would I pay back 0% before i need to??

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I dont think anyone here is telling you which rules to live by or when/how to pay off your cards.

The responses you're getting are simply in a context of applying while cards appear maxed out. 

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Yes, this is what I believe as well.  If you make the comparison, an issuer looks at your profile at a glance, just like us here, who look at your signature stats.  Your reasons for your numbers are your own, but just as we see "at a glance," than can be a decent reflection of the creditor decision, there are always always always exceptions.  However, the companies have little time to consider the "why" and focus on digits.  Find a system that works for you, as you seem you may have, but expect certain hiccups  ;-)  Hope all works out in your favor!

[bourgogne]

chase likes clean, I will be amazed if they approve you + you might cause them to look further into the exposure you have with them.  hope I am wrong, good luck

[UncleB]

This thread is locked and closed to new messages.

The approval thread can be found here:  https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CSR-Approved/m-p/5593544