So I got the denial letter in my email. Below are the reasons I was denied the Venture Rewards but accepted for the QS:
• Based on your credit report from Trans Union, insufficient experience with high lines of credit or credit amounts
• Based on your credit report from Experian, too few or no revolving accounts are rated as satisfactory
• Based on your credit report from Experian, presence of derogatory public record(s)
• Based on your credit report from Experian, there are too many new accounts
They pulled EQ as well but didn't say anything about it.
Regarding the first line, how long would sufficient experience be? I've got $23.5k credit with NFCU & have had the accounts for almost 2 years now.
Regarding the second line, I have 8 accounts that I have never missed payments on(I've never missed a CC/loan payment ever).
Regarding the third line, I thought they could see public records on a prequal? I guess they can't? I have a paid medical public record from several years ago. They didn't have any problem giving me the QS with this paid PR. I guess the Venture Rewards is harder to get than the QS?
Regarding the fourth line, the only new accounts I've had are 2 Cap1 cards from 9 months ago lol. How many years should I wait before applying for a Venture Rewards heh.
I understand what these items are saying, but I don't understand at the same time. I was pre-qual'd for both cards & apped from the prequal page like 10 secs after they checked my info. If the above are the reasons I was denied the Venture Rewards, shouldn't it have been an issue when I landed on the pre-qual page?
Like I surmised, the Venture Rewards must be harder to get than the QS even though the CSR I spoke with said neither is harder to get than the other. Doesn't make sense to me I would be approved for the QS but denied the Venture Rewards based on the above listed reasons.
Anyways, I'll probably recon just to see what they say. I guess it can't hurt at this point? Do I need to wait for the letter in the mail, or can I recon after receiving this email? There's no number listed, just an address. I've never reconned, so not sure exactly the procedure.
Thanks in advane for any input you have. 
@Anonymous wrote:
well you said you have $23.5k with navy... but how many accounts do you have with them to equal that amount? the venture comes as a signature so the lowest approval is $5k so if you don't have much experience with that credit line on at least one account that could be why they said that.
idk of the venture and QS have the same underwriting or not, but i thought it was similar.
new accounts typically is within 12-24 months (depending on lender) but i had 5 accounts new this year when i got the QS/venture combo so idk
keep in mind when denying someone that those reasons are ALL of the negative reasons that took part into the equation. those reasons each by themselves wouldn't have prevented the approval but since you had that many then they kinda added them all up and chalked it to a no. basically no single reason is why you were denied but the combination of all of them is why
At work so cant really respond well but my 2 nfcu accts I've had 2 years. My nfcu sig card is my 2nd oldest open acct.
@Anonymous wrote:i don't see what is non FSR about my statement?
He isnt referring to your statement but to BB1s response.
Lets all remember to keep our responses respectful of one another. I thank you for your understanding!
http://ficoforums.myfico.com/t5/Credit-Cards/Forum-Etiquette/td-p/2905196
