NASA FCU Credit Card Declined

DOHCrazy · ‎12-01-2014

Current EX score is 687. TU is 717. EQ is 683.

11% Utilization (all on one card for some 0% financing on dental work ) 108k stated income (usually higher but I'm 100% commission.)

One auto loan. 11 open cards. No lates on anything. $67,000 in available revolving credit.

One paid Sudenlink collection account from 2009 for $259.

Applied for a membership and was instantly approved. Applied for a credit card saturday night and went ahead and uploaded my DL, paystubs, and proof of residency.

Application was declined today. Reason was "Excessive Open Revolving Accounts and/or Borrowing Capacity. Excessive Recently Opened Trades."

CreditCuriosity · ‎12-01-2014

Hopefully only a SP

Creditwiser · ‎12-01-2014

I would call and try a recon. Remind them that you have 11% UTL and no lates.

JustinS · ‎12-02-2014

@DOHCrazy wrote:
Current EX score is 687. TU is 717. EQ is 683.

11% Utilization (all on one card for some 0% financing on dental work ) 108k stated income (usually higher but I'm 100% commission.)

One auto loan. 11 open cards. No lates on anything. $67,000 in available revolving credit.

One paid Sudenlink collection account from 2009 for $259.

Applied for a membership and was instantly approved. Applied for a credit card saturday night and went ahead and uploaded my DL, paystubs, and proof of residency.

Application was declined today. Reason was "Excessive Open Revolving Accounts and/or Borrowing Capacity. Excessive Recently Opened Trades."

I was in the same boat. Denied on recon as well for NASA FCU's credit card. They cited too much open credit just as your denial reason.

joedtx · ‎12-02-2014

@JustinS wrote:
@DOHCrazy wrote:
Current EX score is 687. TU is 717. EQ is 683.

11% Utilization (all on one card for some 0% financing on dental work ) 108k stated income (usually higher but I'm 100% commission.)

One auto loan. 11 open cards. No lates on anything. $67,000 in available revolving credit.

One paid Sudenlink collection account from 2009 for $259.

Applied for a membership and was instantly approved. Applied for a credit card saturday night and went ahead and uploaded my DL, paystubs, and proof of residency.

Application was declined today. Reason was "Excessive Open Revolving Accounts and/or Borrowing Capacity. Excessive Recently Opened Trades."

I was in the same boat. Denied on recon as well for NASA FCU's credit card. They cited too much open credit just as your denial reason.

Sorry for the decline it almost sounds like this is NASA's way of saying you have access to alot of money as oppossed to what PenFed likes to say to applicants

Kenny · ‎12-02-2014

It's interesting that this denial reason was given.. seems as the well has now ran dry because i have way more available credit than that and was approved during the rainy season. lol

Take the myFICO Fitness Challenge

juggalo9er · ‎12-02-2014

i had something like 15 inquiries when i was approved with 7 new accounts less than 1 year old

CreditCuriosity · ‎12-02-2014

Yes they have defffinetly tightened up there requirements, amounts the are giving and reasons for denials... Think the funds are getting dry and less to give out and keeping them for a rainy day.

vikingred · ‎01-03-2015

Yeah I got my savings account approved then immediately applied for the card and it was declined due to "Excessive Recently Opened Trades". Awe man, I only opened like 12 recently. Is that really too many? 650/635/750 scores. No delinquency, or COs. AAoA is about 4yrs. I reconned through their message system. Prolly won't do any good. Hope it's only an SP like people have said. Ah well. Pushed my luck. Garden for me for sure. 2 years at least. Did get a SCT Overstock card with 6500 limit, though. Yay.

Anonymous · ‎01-03-2015

@joedtx wrote:
@JustinS wrote:
@DOHCrazy wrote:
Current EX score is 687. TU is 717. EQ is 683.

11% Utilization (all on one card for some 0% financing on dental work ) 108k stated income (usually higher but I'm 100% commission.)

One auto loan. 11 open cards. No lates on anything. $67,000 in available revolving credit.

One paid Sudenlink collection account from 2009 for $259.

Applied for a membership and was instantly approved. Applied for a credit card saturday night and went ahead and uploaded my DL, paystubs, and proof of residency.

Application was declined today. Reason was "Excessive Open Revolving Accounts and/or Borrowing Capacity. Excessive Recently Opened Trades."

I was in the same boat. Denied on recon as well for NASA FCU's credit card. They cited too much open credit just as your denial reason.
Sorry for the decline it almost sounds like this is NASA's way of saying you have access to alot of money as oppossed to what PenFed likes to say to applicants

You mean "Pyramiding Debt" ?