I have a QS VS and received a decline notice earlier this year due to performing an account combination a few days prior. I think I’m a day or two shy of 6 months since my last decline. I think I’ve received a 2-3 day notice in the past and it turned out to be a CLI offer.
Did I hit the luv button too soon?
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Edit: here’s their response with the bureau and score used
- Your average monthly payment has been too low
- Your financial obligations reported to us by the credit reporting agency are too high
- Revolving account balance(s) are too high in relation to your income and credit score.
Score: 641
Date: 2018-10-30
Source: Equifax Information Services
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@_NERD wrote:
I have a QS VS and received a decline notice earlier this year due to performing an account combination a few days prior. I think I’m a day or two shy of 6 months since my last decline. I think I’ve received a 2-3 day notice in the past and it turned out to be a CLI offer.
Did I hit the luv button too soon?
CapOne is completely unpredictable right now, but 2-3 day is better than 7-10 notice. It could be an approval & the amount needs to be determined. In all honesty, if it’s a denial, just brush it off and try again later down the road, like I said CapOne is unpredictable with what they do. I recently got a huge increase on my CapOne Card I don’t ever use but the Venture Card I’ve PIF thousands on got denied. Still trying to figure out how that works...
My experience it’s a denial.
Crap. I asked for $25k limit and it asked me
- how much I run through credit cards monthly
- how much will I run through their card monthly
Oh well, wasn’t meant to be. Today’s SL and CLI haul was $43.5k. A big thank you to all of you who enlightened me these past two weeks. I got a lot more than I expected today.
- how much I run through credit cards monthly
- how much will I run through their card monthly
Oh well, wasn’t meant to be. Today’s SL and CLI haul was $43.5k. A big thank you to all of you who enlightened me these past two weeks. I got a lot more than I expected today.
I @_NERD wrote:
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Edit: here’s their response with the bureau and score used
- Your average monthly payment has been too low
- Your financial obligations reported to us by the credit reporting agency are too high
- Revolving account balance(s) are too high in relation to your income and credit score.
Score: 641
Date: 2018-10-30
Source: Equifax Information Services
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Ok so I’m not sweating this for the following reasons:
- they used an old SP credit report
- at the time of SP, agg util was 58% on 58k
- I was making min pmts on this TL
- look at my current stats in my sig
I’m going to PIF this TL it’s only a $4k balance less than 50% util. Since this is a SP CLI request and not a HP app, I’m going to let my new CLs report to the 3B along with my lower aggregate util, then smash the luv button with a hammer when I’m eligible to do so again. I’m also going to keep a close eye on the area of my CRs that shows me the SPs on each CR. I didn’t think to do that this time around. When I go tap the luv button I’ll make sure Cap 1 has a SP on file that reflects my current DPs.
This is a good thing for me to go through as I’m analyzing my credit behavior, key performance indicators (KPI), critical success factors (CSF), and identifying what I can do better moving forward on my methodical credit journey.
Thanks for reading. Peace and love to everyone.