Cardless/Bilt conversion Denied

[12njoy]

Attempted to convert WF Bilt to Cardless Bilt today.  Denied due to too many inquiries.  They did soft pull on Experian where I have 2 inquiries in the last 12 months and 5 in the last 2 years.  I was never going to give up my 25k with WF anyway.  I was looking forward to paying mortgage with Bilt 2.0 taking advantage of the statement close date to get 50 days interest free on card like I used to do with WF Bilt/rent.  I read that Bilt 2.0 will now take funds from your bank account and not your credit card line.  That makes the card useless for me with that caveat.  Sure it might be good for points but that was never my primary function of using Bilt.  I figured it would be a no with Cardless since previous apps over the years were denied due to inquiries.  EX FICO is 821.

[sto0pyd]

That’s wild… I’m LMFAO/24, which also means I have about 14 inquiries in the past 12 months. Yes, I’m embarrassed to admit it 😅. Wells Fargo has basically hated my profile and kept me stuck at a $6,300 limit for years.

I got approved for this card with a $24,000 limit and the LOWEST RATE available, which is 26.74%!!! I know it doesn’t really matter since I never carry a balance, but still… what are banks thinking charging a rate this high.

I'm glad I’ll be getting the 50,000 bonus points, and I’m seriously considering dropping the Amex Platinum since this card also gives me Priority Pass access

[12njoy]

@sto0pyd  Congrats that's certainly wild lol lol.  Cardless has never ever liked my profile.  That's a whopper of an improvement from WF to Cardless for you.  Enjoy 

[12njoy]

They're using LexisNexis as well so I suspect in my case it may have been information from LexisNexis.

Thank you for applying for the Bilt Obsidian Mastercard. Your application has been reviewed by our partner bank, Column N.A., 1717 Mangrove Ave Ste 100, Chico, CA 95926. Your application can't be approved at this time because:

Number of recent inquiries on credit bureau report

If your financial situation changes, you’re welcome to reapply in the future.

Experian P.O. Box 2002 Allen , TX 75013

LexisNexis Risk Solutions Bureau LLC RiskView Consumer Inquiry Department P.O. Box 105108 Atlanta, GA 30348

[portlandmusician]

@12njoy Sorry to hear that. But, easy come, easy go, I guess. Bummer on the "I read that Bilt 2.0 will now take funds from your bank account and not your credit card line." That makes me not want this card, either. 

[cashorcharge]

---

@12njoy wrote:

Attempted to convert WF Bilt to Cardless Bilt today.  Denied due to too many inquiries.  They did soft pull on Experian where I have 2 inquiries in the last 12 months and 5 in the last 2 years.  I was never going to give up my 25k with WF anyway.  I was looking forward to paying mortgage with Bilt 2.0 taking advantage of the statement close date to get 50 days interest free on card like I used to do with WF Bilt/rent.  I read that Bilt 2.0 will now take funds from your bank account and not your credit card line.  That makes the card useless for me with that caveat.  Sure it might be good for points but that was never my primary function of using Bilt.  I figured it would be a no with Cardless since previous apps over the years were denied due to inquiries.  EX FICO is 821.

---

Interesting experience.

I attempted to use the "check your offer" on the new card.  I have 1 EX inquiry in the last 24 months.  My EXF8 is 843.

I submitted my details and it came back saying "we need more time" which is odd considering my profile. 

If I don't get it...no love lost.  I'm always intrigued by SP approvals and thought I would see the offer and then decide if I wanted it or not.  🤷🏻

[12njoy]

@cashorcharge 

Good luck.  That was my sentiment going into it as well.  Now I'll relive this in about 24 months with Chase/Apple lol lol. 

[12njoy]

There's more people than I thought being denied as seen on reddit.  Some of the reasons are out in left field 

[cashorcharge]

---

@12njoy wrote:

@cashorcharge 

Good luck.  That was my sentiment going into it as well.  Now I'll relive this in about 24 months with Chase/Apple lol lol. 

---

Well @12njoy , they got back to me and told me I was approved for $12,000....hard pass.  I don't need another small limit card.  🤷🏻

[12njoy]

---

@cashorcharge wrote:

---

@12njoy wrote:

@cashorcharge 

Good luck.  That was my sentiment going into it as well.  Now I'll relive this in about 24 months with Chase/Apple lol lol. 

---

Well @12njoy , they got back to me and told me I was approved for $12,000....hard pass.  I don't need another small limit card.  🤷🏻

---

@cashorcharge  I hear you, its not lot like you're hard up for a meager 12k.  Good for you