I just Ritz app'd..

[Anonymous]

Congrats!  I hope I have the same ending-)

[Anonymous]

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@ExplicitElicit wrote:

Thanks Scuderia for reminding me about this, I just called and still says 7-10 days however if I log into my account the account shows up. SL $20,000. 

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Congratulations on the huge SL!

[Anonymous]

Just received a denial letter. The score they pulled was EX 729, I'm at 1% util with 24k available credit and plenty of income. The reason stated is too few accounts on file for a sufficient amount of time. Wonder if I should even bother with recon? If I applied for a "lesser" cobranded card like the British AW would they use the same credit pull and would I be more likely to be approved?

[Anonymous]

On hold with recon now-)

[taekwon]

Go for the recon, you have nothing to loose.

[Anonymous]

Declined. My average age of accounts is like 16 months and they want to see more age. Not surprising.

[Anonymous]

Yeah -- 24 months AAoA for superprime makes sense.

I have an AAoA calculator/estimator spreadsheet I use before apping or planning apps.  Want to get my AAoA to 24 months and then keep it there forever until I can get it to 36 months and set that as my new basement.

[Anonymous]

If I applied for a lower tier card they would probably pull a new report wouldn't they? I app'd for this one on the 17th..

[Anonymous]

They would definitely pull again for a new application.

I don't buy the reason for denial, either. I would guess they saw something that concerned them, but I'm not sure what it is. For reference, my AAoA was 13 months when I applied and was approved. Oldest account was scoring at 3 years at the time. When you get your denial letter, they'll list your Card Acquisition Risk score. Mine was more than 60 points below my FICO 8, so that could be a pretty good guess as to what the actual issue was.

[Anonymous]

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@Anonymous wrote:

Declined. My average age of accounts is like 16 months and they want to see more age. Not surprising.

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Pfff! i would call back, you get someone different each time you call.  I got approved for my CSP on the third call (because of my ch7).  I explained why i filed, cards i've gotten since then and how i've been 100% responsible since then.

MAKE SURE you know your credit profile history, every detail! They love to hear a concrete answer when they ask you a question, shows you know what's going on.

Just read this post below and this member got approved for this card (Page 1 -> approval comment on page 8). EQ was 675, 9% UTL and AAOA 1.6 years.

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Chase-Ritz-Carlton-approval-odds-Update/td-p/4546756

Go get that card!! Report back and let us know what your CL is.