Upon seeing that last month this requirement was removed I decided to apply. Just got the standard 7-10 day decision contact email so fingers crossed.
Update 1 - Denial letter arrived, Equifax FICO 9 was pulled with score of 787.
1. Average time bankcard revolving accounts have been open is too short. (My AAoA is 6y 6m)
2. Too many bankcard revolving and charge inquiries. (3/6/12/18 month EQ inquiries were 2/0/0/7[2 of 7 were from car loan rate shopping])
3. Too many credit inquiries in the last 3 months. (I had two, C1 Venture X card opened and CLI on my Chase Cards both 21 days prior.
I was told it would go into a 2nd review and I should find out results by calling back in 2 days. I had them make a note of the reason for one of the inquiries being the approved CLI. Not going to hold my breath for a successful reconsideration but might as well try.
I'll provide an update in a couple days.
Update 2 - Recieved an approval email 3 hours later for a $10K CL!!!! Back to the garden I go and shall not return for at least 12 months.
@CoolHandSean wrote:Upon seeing that last month this requirement was removed I decided to apply. Just got the standard 7-10 day decision contact email so fingers crossed.
🤞 I always thought for credit cards with that type of AF, they should hand deliver them to you!
Update 1: Was denied. Called the number to check status and found out was denied. Spoke to person and was told I have to wait for the letter to attempt reconsideration.
Recent Actions that Could Have Caused Denial:
1. I opened a Capital One Venture X 3 weeks ago but hadn't had anything open in 12 months.
2. Also, have 3% credit utilization on all 15 of my cards but....they used Equifax as I live in GA. Now FICO Experian updated two days ago that I'm at 3% but FICO EQ and TU still show 11% hence the 20 point score difference. What's interesting is Credit Karma shows my updated balances and that my utilization is at 3% for EQ and TU.
3. Last month I requested and was approved credit limit increases for 7 credit cards but only 2 lenders did hard pulls (3 Chase cards and 1 USAA card).
Probably the opening of the Capital One card and the additional inquiries from the credit limit increases caused the denial.
Sucks for the denial. But glad they no longer require a relationship.
Update 1 - Denial letter arrived, Equifax FICO 9 was pulled with score of 787.
1. Average time bankcard revolving accounts have been open is too short. (My AAoA is 6y 6m)
2. Too many bankcard revolving and charge inquiries. (3/6/12/18 month EQ inquiries were 2/0/0/7[2 of 7 were from car loan rate shopping])
3. Too many credit inquiries in the last 3 months. (I had two, C1 Venture X card opened and CLI on my Chase Cards both 21 days prior.
I was told it would go into a 2nd review and I should find out results by calling back in 2 days. I had them make a note of the reason for one of the inquiries being the approved CLI. Not going to hold my breath for a successful reconsideration but might as well try.
I'll provide an update in a couple days.
I just got approved! It's state dependent which could be why Equifax was used. From my research it seems many, not all, but many banks pull reports from Equifax here.
