Hey all,
Well I broke out of the garden earlier after the wife and I decided to rent instead of buy a house. I was approved earlier for a Sallie Mae WMC ($3,800 woot!) and figured since I was out of the garden anyway, thanks pizza1, another app couldn't hurt.
Since we moved to Colorado we're now eligible to join SSFCU and I figured it couldn't hurt to ding up my TU a little bit more. Barclays obviously pulled TU, and according to Credit Pulls, SSFCU should do the same. Got all my info typed in, hit submit and my application is now pending... BOO. I'd rather have an instant decision (either way), so if it was declined I could try Chase's AARP before calling it quits. I thought about going for a Lowe's card too, but with just renting, I figured we could wait until after we bought the house to try for that one.
If the SSFCU card is approved I'll have a dining card, Sallie Mae gives me groceries and gas, I have a 2% general spend with my NFCU Flagship, a couple back up 1.5% cards (NFCU cashRewards, Cap1 Quicksilver), I have a hotel card (Marriott), an airline card (Amex Delta Gold), a rotating 5% (Chase Freedom)... I might have everything covered that I can think of... Bummer lol 
Oz
@joedtx wrote:Sorry to hear OZ , has there been any update from them? You do have some prime cards and a good score.
I checked this afternoon around lunch time and saw it was declined 
They listed these three reasons/options, I dunno what you want to call them...
We will reconsider your request w/additional same household income.
We will reconsider your request with a qualified co-signer.
Exhibit excessive obligations for listed income.
I'm not sure what "with additional same household income" means. And maybe by "exhibit excessive obligations for listed income" means I have too much available credit? *shrug*
When I saw it was the SSFCU app was declined, I apped for the Chase AARP and was instantly approved for $4000. That was way nicer than the 12+ hour wait only for decline with SSFCU... Live and learn I 'spose.
Oz
Hey salt,
Hmm, I think we must have vastly different definitions of "highish limits". You are right that my biggest lines are with Navy, 25k joint, 15k line of credit, 14k individual. I'd consider a high limit card to be at 5k or above, and there are some gems outside of Navy.
Amex Delta Gold at 9k, Chase Marriot and Amazon Store at $5k.
Right below 5k there's my Cap1 at 4500 on my reports but it was bumped to 5500. Also my Freedom at 4k. Then if you want to count AU cards, add our Amex Gold (NPSL) and Best Buy at 10k.
All in all, including AU cards, even before my recent approvals, I had 100k in extended credit, now $110k after the new approvals.
If anything I'd guess the opposite, they see someone with $50k income and $100k of extended credit and they got a little nervous. Normally banks don't care unless they're looking at their individual exposure, which I'm sure Navy is watching me closely lol, not what others have extended.
Or it could be SSFCU is really trying to stab me deep, since they interviewed me for a position and hired someone else and now they want to deny my credit card app
Oz
Hmm, I think we must have vastly different definitions of "highish limits". You are right that my biggest lines are with Navy, 25k joint, 15k line of credit, 14k individual. I'd consider a high limit card to be at 5k or above, and there are some gems outside of Navy.
Amex Delta Gold at 9k, Chase Marriot and Amazon Store at $5k.
Right below 5k there's my Cap1 at 4500 on my reports but it was bumped to 5500. Also my Freedom at 4k. Then if you want to count AU cards, add our Amex Gold (NPSL) and Best Buy at 10k.
All in all, including AU cards, even before my recent approvals, I had 100k in extended credit, now $110k after the new approvals.
If anything I'd guess the opposite, they see someone with $50k income and $100k of extended credit and they got a little nervous. Normally banks don't care unless they're looking at their individual exposure, which I'm sure Navy is watching me closely lol, not what others have extended.
Or it could be SSFCU is really trying to stab me deep, since they interviewed me for a position and hired someone else and now they want to deny my credit card app
Oz