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SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

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Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Based on your siggy you are carrying 17-26K in revolving debt on 243K available, even though you may have the income to support paying it all off when the bill comes its still a large amount in a new creditors eyes. You could also be nearing max exposure that any bank is going to give you for your income level. I would just keep the card at this point as you have taken the hit for the inquiry and will get hit for the new account and AAoA drop. As stated with good use of the card you should be able to move it up in short order. I would work on getting actual reported balances down under 1% when you are going to app for new credit. Welcome to the board Smiley Happy

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 11 of 23
Senior Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Congratulations!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 12 of 23

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Would like to Thank you everyone who replied and posted comment

I will take you guys advise and keep the card, even tho is just SL$1000 and i will max out in 2-3 trips in Sams Club and

need to re pay online again and again to allow me to use it. 

Hopefully they will CLI in summer time Smiley Sad

 

One thing last thing would like to confirm with you guys

Example

3/16 I approved for a card

3/18 I asked them cancel it 

banks will still reporting to our reports said 1 account was opened and then closed it ?

For every account that opened, score will drop 

But if we close it immeidately,  the score will gain back right away?

It still count as 1 new account open ? even closed it right away ?

 

Thank you so much everybody here 

 

 

EX = 784 / TU = 780 / EQ = 782 ( Dec 2019)

Utilization = 7-11%
AMEX BCE = $8,800
AMEX Blue Business Cash =$17,800
Alliant Signature = $30,000
USB Cash+ = $25,000
Citi DC = $21,000
Citi Rewards+ = $25,500
Citi Thank You = $11,000
Discover IT = $20,700
BoA CashReward = $21,600
BoA Americard = $40,000
WellsFargo Wise = $20,000
BBVA ClearPoints = $10,000
Crab One Master = $4500
Mercury Master = $6,750
Total Rewards Visa = $23,000
Apple Card = $30,000
Sams Club Master = $3,000
1) BLACKLISTED BY CHASE
2) Capital One DONT LIKE ME (Never approve all their cards)
3) Cannot Pass Barclay Security (Regardless how many documents I sent to them still cannot confirm my ID)

((GOAL))
$500k family
Message 13 of 23
Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Closed immediately or not you still lose the points at that time for having a new account opened, yeah.  

Message 14 of 23
Senior Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

With Sam's your inital results have no real bearing onthe situation. DW got a preapproval for the store card in the mail. With scores arround 750. She applied Got limit very low arround 750 also her lowest card.  Two weeks and 1 usuage later they raised her limit to $2K. Still low. At 6 months put in on line for cli got $10K. Never went the credit solutions way. Last fall they upgraded her to MC. Our income is way over $100K and utilz under 5% and scores now 760-790.  We don't use the card but for gas and some dining. We have better cards. Never carry balance.   

Message 15 of 23
Super Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)


@CreditHunter007 wrote:

Would like to Thank you everyone who replied and posted comment

I will take you guys advise and keep the card, even tho is just SL$1000 and i will max out in 2-3 trips in Sams Club and

need to re pay online again and again to allow me to use it. 

Hopefully they will CLI in summer time Smiley Sad

 

One thing last thing would like to confirm with you guys

Example

3/16 I approved for a card

3/18 I asked them cancel it 

banks will still reporting to our reports said 1 account was opened and then closed it ?

For every account that opened, score will drop 

But if we close it immeidately,  the score will gain back right away?

It still count as 1 new account open ? even closed it right away ?

 

Thank you so much everybody here 

 

 


I went through this with Amex last year. I got approved for a $1K limit, turned around and Discover approved me for $7500, called them and canceled the card, they shipped it anyway despite it literally being less than half an hour between approval and cancellation, then when I got the notification they shipped the card I called and asked them to activate it and they said they couldn’t, then 60 days later it showed up on my credit report as two months of positive history and then closed. 

 

I am still mad about how it all went down but lesson learned - when you app for a card, its opened as soon as you get the approval whether you like the terms or not.

 

Synchrony also has lightning fast reporting. Both my Amazon and PayPal cards showed up on my reports within 3 days.  



01/2019:
12/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 16 of 23
Senior Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Congrats on your approval !!!

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 17 of 23
New Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

Just wait 4 month. My dad got the same credit limit 1000. and at his 4th month he ask for a credit limit increase and they gave him 15K. 

Message 18 of 23

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

thank you so much to everyone of you posted replied on my issue

thank you each of you guy

EX = 784 / TU = 780 / EQ = 782 ( Dec 2019)

Utilization = 7-11%
AMEX BCE = $8,800
AMEX Blue Business Cash =$17,800
Alliant Signature = $30,000
USB Cash+ = $25,000
Citi DC = $21,000
Citi Rewards+ = $25,500
Citi Thank You = $11,000
Discover IT = $20,700
BoA CashReward = $21,600
BoA Americard = $40,000
WellsFargo Wise = $20,000
BBVA ClearPoints = $10,000
Crab One Master = $4500
Mercury Master = $6,750
Total Rewards Visa = $23,000
Apple Card = $30,000
Sams Club Master = $3,000
1) BLACKLISTED BY CHASE
2) Capital One DONT LIKE ME (Never approve all their cards)
3) Cannot Pass Barclay Security (Regardless how many documents I sent to them still cannot confirm my ID)

((GOAL))
$500k family
Message 19 of 23
Valued Contributor

Re: SAMS CLUB MASTER CARD APPROVAL (BIG DISAPPOINTED)

OP, do not close the account you are going to take the hit to your average age of accounts no matter what. Be patient and you will get your increase listen to the sage advice above.









(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated NOV'19.
Message 20 of 23
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