Interesting Denial Reason from GS for Apple Card CLI

[1GaDawg85]

Has anyone seen this as a reason for denial from GS. It would be interesting to see if others have gotten this reason before. 

• Your TransUnion credit report shows you've made multiple recent applications for credit, which have resulted in hard inquiries on your credit file
• You have not used and paid enough of your Apple Card credit limit since your last credit limit increase

I have seen the second reason plenty of times so not shocking there. But the first one was surprising. 

[TRC_WA]

@1GaDawg85 

My recent denial for my card application is better.

"You have recently been late."

Can someone define "recently?"  I haven't had a late payment on anything since 2016.  

[Yasselife]

@TRC_WA  like when it says "too many accounts with balances" (2 out of 20)

[1GaDawg85]

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@Yasselife wrote:

@TRC_WA  like when it says "too many accounts with balances" (2 out of 20)

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Yeah, I question their reasoning 

[1GaDawg85]

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@TRC_WA wrote:

@1GaDawg85 

My recent denial for my card application is better.

"You have recently been late."

Can someone define "recently?"  I haven't had a late payment on anything since 2016.  

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Guess 2016 is like yesterday...

[AndySoCal]

@Yasselife  The message is referrring to revolving accounts. I have same reason sometimes of my 7 credit cards 4 or 5 report with balances.

[mfinsmi1]

That was my denial reason for a cli too smh , im just gonna use this card now for apple subscitpions and tiny tiny transactions . No reason to sacrifice good cash back % for trying to main this card for a cli

[Jordan23ww]

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@TRC_WA wrote:

@1GaDawg85 

My recent denial for my card application is better.

"You have recently been late."

Can someone define "recently?"  I haven't had a late payment on anything since 2016.  

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@TRC_WA  Sorry to hear about your denial. Unfortunately Goldman Sachs counts any negative on your credit report as being recent.  I used to get denied for recently being late but the late payment was 5 years old.

Their definition of recently past due differs from the span of time green most people would consider as recently.  Once the late payment fell off my report I stopped getting denied.  Best wishes to you going forward!

[TRC_WA]

@Jordan23ww 

Thanks!  I am in the path to apple card thing which says June... and IIRC they pulled TU... which will go clean in June/July with EE of my Ch 13 related baddies from 2016/2017.

That being said... I'm sure I'll be approved in the coming months if I apply.

[NoMoreE46]

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@TRC_WA wrote:

@Jordan23ww 

Thanks!  I am in the path to apple card thing which says June... and IIRC they pulled TU... which will go clean in June/July with EE of my Ch 13 related baddies from 2016/2017.

That being said... I'm sure I'll be approved in the coming months if I apply.

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Before applying, take look at your Chex Systems and Lexis Nexus/SageStream files.