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Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

tag
Credit-hoarder
Valued Contributor

Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Responded to a mailer I received a week ago. Created an account a few days ago and applied last night. $8500 SL--18.99% APR. After reading over the other approvals and data points before applying and given my profile was expecting WAY better results on both counts. Might use it just enough to grab the $100 sub but long term it looks like I'll be sticking with the Fidelity eco-system--same type 2% card but much better limit and APR. And could be gone in a year after the 0% runs out (Sofi) if it turns out to be one of those "your starting CL is your permanent CL" cards like Blispay. Data points prior to app--755 EX--5 INQs--2/24 new accts. $100k income. 4% UTL across all accounts. Only derog 1 30 day late with Cap One from 4 years ago.

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Message 1 of 17
16 REPLIES 16
Gmood1
Super Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congrats Credit-hoarder! I know you're disappointed in the SL. But on the bright side, it was an approval and not a denial. Being approved is always a win!😁

Maybe they'll allow you to increase the limit? 

 

Message 2 of 17
M_Smart007
Legendary Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congratulations on your approval! ...

Message 3 of 17
CreditAggie
Community Leader
Super Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congratulations on your SoFi approval!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (October 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 4 of 17
Credit4Growth
Senior Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congrats on the Sofia approval!  😁😅

Grab that SUB, utilize the 0% if it suits your finances then reevaluate the situation (use and benefits of the card) afterwards.

 

I am guessing CLIs for this card is a HP, is that right?

Message 5 of 17
gdale6
Moderator Emeritus

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Grats on your SOFI approval Smiley Happy

Message 6 of 17
AllZero
Mega Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congratulations on your approval!
Message 7 of 17
Anonymous
Not applicable

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congrats on your approval reguardless. Hopefully they'll up CLIs! Smiley Happy

Message 8 of 17
RootDet
Established Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

Congrats. I have no doubt they will allow CLI. Remember, the same thing happened with the Apple card and GS finally rolled out CLI.  The bank likely wants to see how this portfolio performs first




Message 9 of 17
cashorcharge
Community Leader
Super Contributor

Re: Sofi 2% Approval--But Waste Of A HP and xx/24 Slot...

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 10 of 17
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