cancel
Showing results for 
Search instead for 
Did you mean: 

Discover Approved but LOC and Chase Applications Denied

JBarr1
Established Member

Discover Approved but LOC and Chase Applications Denied

Hi Everyone, I applied for a Discover card, a LoC, and a Chase card (Chase 96% approval odds.) I got the Discover card but was denied a LoC and the Chase card because of my utilization rate. I looked at my most recent credit report and see that there are 19 accounts reporting incorrect balances. Most of those accounts have been paid off. I did report to both TU (the most inaccuracies) and Exp back in November but they have not yet been updated. How long would you wait before contacting the credit reporting agencies again? I have a 97% approval odds for Amex but am afraid to apply now. Anyone have suggestions? I don't need the Amex card, but a LoC with a decent interest rate would be good to have. Thanks.

14 REPLIES 14
MaizeandBlue
Senior Contributor

Re: Application Denied

@JBarr1 Where are you getting these approval odds from?





Message 2 of 15
M_Smart007
Epic Contributor

Re: Application Denied

Congrats on your Discover approval!

Message 3 of 15
JBarr1
Established Member

Re: Application Denied

MaizeandBlue - I believe it was Nerdwallet and Creditcards.com or Credit Karma.

Message 4 of 15
Jnbmom
Community Leader
Senior Contributor

Re: Application Denied


@JBarr1 wrote:

MaizeandBlue - I believe it was Nerdwallet and Creditcards.com or Credit Karma.


They are just marketing sites, their approval odds unfortunately don't amount to anything.

EXP 758 TU 783 EQ 729
Message 5 of 15
MaizeandBlue
Senior Contributor

Re: Application Denied


@JBarr1 wrote:

MaizeandBlue - I believe it was Nerdwallet and Creditcards.com or Credit Karma.


I would suggest that you ignore the credit card recommendations/offers on those websites.  They are all in the business of generating revenue through affiliate fees from credit card issuers so they have every incentive to try to persuade you to apply for card(s).  Approval odds from third-party websites are essentially meaningless; if you want to know your actual odds of approval go directly to a lender's website and complete the pre-qualification.  You can find Chase's pre-qualification page here:  chase.com/prequalified

Amex is here:  https://www.americanexpress.com/us/credit-cards/check-for-offers/





Message 6 of 15
JBarr1
Established Member

Re: Application Denied

MaizeandBlue - Thanks for the info!

Message 7 of 15
Steve891
Senior Contributor

Re: Application Denied

Congrats on your Discover IT approval!




Message 8 of 15
Traveler101
Frequent Contributor

Re: Application Denied

Maybe its best to wait till the inaccuracies are corrected to give you a better chance of approvals. Dont kill yourself with denials. If you can wait, that would prob give you better results.
Message 9 of 15
Meanmchine
Super Contributor

Re: Application Denied

Congrats on walking away with a brand new Disco card !


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>12/2020 CCT EX 821 TU 826 EQ 840


"Survival kit contents check. In them you'll find:

- One forty-five caliber automatic
- Two boxes of ammunition
- Four days' concentrated emergency rations
- One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
- One miniature combination Russian phrase book and Bible
- One hundred dollars in rubles
- One hundred dollars in gold
- Nine packs of chewing gum
- One issue of prophylactics
- Three lipsticks
- Three pair of nylon stockings.

Shoot, a fella' could have a pretty good weekend in Vegas with all that stuff."

Major Kong (Slim Pickens) in Dr. Strangelove 1964
Message 10 of 15
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.