@Beefy1212 wrote:
@Meanmchine wrote:
@JoeRockhead wrote:
@Meanmchine wrote:My biggest pet peeve is when someone is planning their "app spree" on their Ch7 discharge date.
My second pet peeve is watching someone 200 points below me getting higher Cap1 limits then I have
I can relate, and understand your frustration. Perhaps you just need something to brighten your day.... IDK, something like the fact that the Cowboys have been eliminatee.d for 25 straight years. Sorry, off topic but couldn't resist as I know you experience great joy in such things.
<Big Smile>
Have the Jets even made it to the show in the last 25 years?
Nope
Made it to the AFC championship game 4 times and 1 Superbowl
@Meanmchine wrote:DPs
TU F8 845ish
EX F8 850
EQ F8 850
AAoA 9 years
AoOA 17 years
Total Revolving debt $148
Start with Patelco PreQual check
Wells Fargo ( never had any credit products with them. Checling / Savings on and off 20 years
Citi Bank Preapproved for co-branded cards but no legacy cards
Prequal page seems to be down atm but it never showed any hits
Apple
Cap1 only shows me preapproved for their secured cards.
Honorable mention to Barclays who has me on their blacklist
NASAFCU preapproved for a SL of $500
I have about only 2 days left of being an 850. My new CFF should report then.
So I have only 2 days left to make my app spree
Ill figure out something
I don't think that not seeing a list of available cards during a prequal check means you would get denied if you applied for any of the cards you were hoping to see on the list. For the title of this thread to be accurate, you'd have to apply and receive a denial. Which I don't think you would. Good luck. Congrats on your scores!
Thanks for the data points and observations, @Meanmchine.
I agree with @ptatohed that the lack of preapprovals is not the same as being denied. It's just lack of certainty. I've experienced the same and then been approved.
Great points from @M_Smart007 about how higher CLs really work.
@FireMedic1 wrote:There have been many of the you in the 800 club and cant get approved. Savor was head scratcher when it first came out. This thread will have many will say the same thing. How can this member with 650-700 scores get this card. I'm 800+ and I'm denied? Seen it many times.
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@CreditCuriosity wrote:
Cause banks like making $ and people in 800's likely aren't profitable. Although you are good with finances banks don't like to much responsibilities or some don't that is. They like those interest charges and balances to be carried and indebtedness to a certain level
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I think it been theorized here that folks with high scores suffer, and struggle getting certain approvals due to the issuers looking for, or prefer people they feel will utilize the cards more, (namely carry bigger balances, etc)... Clearly you don't have the need, or desire to do such things, and that's a great thing.
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@Meanmchine wrote:
My second pet peeve is watching someone 200 points below me getting higher Cap1 limits then I have
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@Traveler101 wrote:
850 doesn't always get the best rate either. Even when dti is low. Sad, but I can attest to that. Some of my best rates were at the 700 to 740 scores.
RE: All the above discussion about the relationship of FICO to success with new credit applications. Good discussion. I think there can be a misunderstanding of the significance and influence of FICO. FICO is important in some respects but FICO isn't everything. It doesn't automatically get you approvals, higher limits, or better APRs. But to say that lenders actually discriminate against high FICO is a totally misleading read on what is really happening.
I see FICO as a "gatekeeper" to open the door to an approval, high limit, or better APR. I've seen some of this personally myself as well as data points from other members of the the community, but a high FICO can still lead to a denial for reasons such as excessive credit-seeking relative to profile based on that particular lender's underwriting. A high FICO profile can get a lower CL than a lower FICO profile based on credit-seeking history, inquiries, income and moreover Debt-to-income, Total Credit Limit exposure with that lender or TCL overall (with some lenders.) High FICO absolutely does not equal high Credit Limit approvals. And a high FICO, while normally will get the lowest APR published for that card, doesn't always get it. (I was approved 800+ FICO on Chase/AMEX cards at higher APRs; the only reason seemed to be credit-seeking, the economic conditions, or perhaps my total credit exposure relative to income; prior to those applications, all my approvals for years had been at the bottom of scale.) So FICO matters, but it's s not everything!
Could it be as simple as "overqualification"? Some -- especially bottom/mid tier card issuers may see someone with an 800+ score and conclude that the applicant will pay her bill in full and they'll never get to charge interest?
@D10001 wrote:Could it be as simple as "overqualification"? Some -- especially bottom/mid tier card issuers may see someone with an 800+ score and conclude that the applicant will pay her bill in full and they'll never get to charge interest?
No, you're over-thinking it. A credit applicant isn't overqualfied with a high score.
Even for those consumers who pay-in-full, the lender is still making money with the card swipe fees, and they might make money with a BT offer or to lure the applicant into other banking products.
Besides, assuming those with 800+ FICO are always financially savvy may be a stretch. A recent survey showed that 65% of consumers believe that carrying a balance sometimes is good for your credit! 
You don't know how many of those 800+ consumers are carrying a balance.
And even if they know that, those with 800+ may sometimes intentionally carry a balance due to cash flow or could be a day late with a payment. (That would charge a fee and/or interest but wouldn't show up as an impact to FICO since it's not 30-days late.) Plus 800 today may not be 800 tomorrow, since life happens. Scores change.