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Question regarding denial of CLI

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MoneyBurns
Frequent Contributor

Question regarding denial of CLI

So I applied for a Mavel card a week ago. Got approved. Had a starting line of 6k. Called recon got it to 10k. Called recon again asked for 25k denied. I received the denial letter today and it states,

The reason for our decision is listed below.

INSUFFICIENT COMPARABLE REVOLVING ACCOUNTS

Now I know what this means....kinda. Sort of. From what I get does it mean that I don't have enough accounts? I have 14 accounts *though I do not use all of them, all accounts are CC*.

Does it mean I don't have a credit limit high enough from other cards to justify them giving 25k CL? I'm just wondering.

Is Synchrony good with future CLIs? Thanks for all the advice!!!!
My Current Active Credit Cards
Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: Question regarding denial of CLI

Whats your highest credit limit card? Theyre are saying you dont have a comparable credit limit which means you dont have another card near 25k. I would be happy with what you already have unless you put 10k on your cards a month and PIF.

Message 2 of 10
Anonymous
Not applicable

Re: Question regarding denial of CLI


@Anonymous wrote:

Whats your highest credit limit card? Theyre are saying you dont have a comparable credit limit which means you dont have another card near 25k. I would be happy with what you already have unless you put 10k on your cards a month and PIF.


+1 - This is exactly what they are saying.

Message 3 of 10
MoneyBurns
Frequent Contributor

Re: Question regarding denial of CLI

Got it!! Thanks!!!! That makes sense I'm happy with 10k. Highest limit I ever received.
My Current Active Credit Cards
Message 4 of 10
AverageJoesCredit
Legendary Contributor

Re: Question regarding denial of CLI

Congrats! 10k sounds good to meSmiley Happy
Message 5 of 10
RonM21
Valued Contributor

Re: Question regarding denial of CLI


@Anonymous wrote:

@Anonymous wrote:

Whats your highest credit limit card? Theyre are saying you dont have a comparable credit limit which means you dont have another card near 25k. I would be happy with what you already have unless you put 10k on your cards a month and PIF.


+1 - This is exactly what they are saying.


+2



Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 6 of 10
Anonymous
Not applicable

Re: Question regarding denial of CLI

This is the first time ever that I didn't get a free TU score from a Synchrony card CLI denial letter.  Smiley Sad

 

I got the EXACT same letter as this Amazon one below for my Walmart MasterCard.

 

Once my new $35,000 Lowe's credit limit reports, I'll call the Sync UW and ask for $25,000 on both my Amazon and Walmart MC.

 

Then they can't say that I have no comparable revolving lines then. Smiley Very Happy

 

sync.jpg

Message 7 of 10
MoneyBurns
Frequent Contributor

Re: Question regarding denial of CLI

How people get such high limits? The highest is my marvel at 10k.
My Current Active Credit Cards
Message 8 of 10
Anonymous
Not applicable

Re: Question regarding denial of CLI

It's magic. Smiley Very Happy

 

Message 9 of 10
MoneyBurns
Frequent Contributor

Re: Question regarding denial of CLI

Loving the ladle magic trick!!! What is this sorcery? Smiley Very Happy
My Current Active Credit Cards
Message 10 of 10
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