Didnt know this was a reason for denial

Anonymous · ‎06-05-2015

So I applied for Staples a while ago.. I get a letter in the main and it says NOPE. That part is fine. However the reasoning is new to me. It said I have too many accounts that dont add up to 2000 dollars. So oh well.

ojefferyo · ‎06-05-2015

@Anonymous wrote:
So I applied for Staples a while ago.. I get a letter in the main and it says NOPE. That part is fine. However the reasoning is new to me. It said I have too many accounts that dont add up to 2000 dollars. So oh well.

How many accounts do you have and what are their limits?

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa

Anonymous · ‎06-05-2015

I have 3, and they're all 300 limit

GoldSorata · ‎06-05-2015

So they basically told you that they feel you dont have enough experience with a larger amount of revolving credit.

ojefferyo · ‎06-06-2015

@Anonymous wrote:
I have 3, and they're all 300 limit

They want to see more cards that have higher limits.

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa