Chase Sapphire Preferred Denial

[CreditInspired]

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@Anonymous wrote:
Scores: 849 Jan, 833 Feb
Cards: discover it, chase freedom, BofA cash rewards, BofA Alaska, 4 store cards... 2 of which I believed are closed now.
Utilization: zero across the board currently. They are used though, paid in full when possible..

Im new.. what else is helpful for you guys?

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You are being dinged for 0 UT across the board. Let one CC report at least 1%. 

[Anonymous]

I found out why!

A guy from the escalations dept saw my email and caught that something didn’t make sense.. on their end, the official decline came through as ‘not enough credit history to determine creditworthiness’ NOT ‘too many credit cards’. That first guy had no idea what he was talking about.

Turns out they pulled a Transunion report that was 100% blank. Not a single thing on it. The escalations guy called me and said he knew it was wrong because he sees my other account with them.

He offered to run my app through the recon process but he would have to do another pull on my credit. I didn’t want another pull, and he said he couldn’t delete that pull because it wasn’t an accidental pull, I requested them to pull it, there was just a glitch. In the end my husband. Let’s has the card and I don’t want to pay fees on two cards.

So then I called transunion because I wanted them to remove the inquiry since it was faulty. The gal said there was no recent inquiry and is sending me a copy of my credit report. So, no inquiry, no report delivered, no approval.. but at least now I know! Good grief!!

[Five6Two]

Sounds like a cluster! I’m sorry, best wishes to you and your DH.

[Anonymous]

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@Anonymous wrote:

If your profile is as solid as you say, I cannot imagine why they would deny your application unless income is way too low, you have too many new cards, or if they think you're not carrying any kind of balance on your cards (a sign that could indicate credit seeking/churning behavior).

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So if you use your credit cards to much you can be denied for over utilization. But if you act responsible and pay your credit cards' bills each month, you can still be denied for not having a balance? Damned if you do and damned if you don't.

Is there an  optimal balance to carry while applying for new cards?

[CreditInspired]

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@Anonymous wrote:

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@Anonymous wrote:

If your profile is as solid as you say, I cannot imagine why they would deny your application unless income is way too low, you have too many new cards, or if they think you're not carrying any kind of balance on your cards (a sign that could indicate credit seeking/churning behavior).

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So if you use your credit cards to much you can be denied for over utilization. But if you act responsible and pay your credit cards' bills each month, you can still be denied for not having a balance? Damned if you do and damned if you don't.

Is there an  optimal balance to carry while applying for new cards?

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No, you can use your cards as much as you want. CCCs love swipes. It’s just not good to carry an aggregate UT >28.9%. 

Optimal is aggregate <8.9%.