Excited to share that I applied for the AR just a few minutes ago and was instantly approved for a $10,000 SL. What a great early birthday gift! See my personal DPs below, HTH. GL!
DP:
Banking Relationship:
- Brokerage Account (Dec 2020) -- No branches in Texas so I had to go this route and I was able to remove the acct after establishing the checking acct without any issues.
- Checking Account (Dec 2020) -- Product changed to Gold Checking (10/23/2021)
AT THE TIME OF APP 7:20 PM CST 10/21/2021
5/24 Status: 6/24
EX INQ: 1 (6 Months); 2 (12 Months); 4 (24 Months)
- 3/31/2021 (Chase - CLI on CFF)
- 8/30/2021 (Chase - CIC app via BRM)
EX Accounts: 0 (6 Months); 2 (12 Months)
EX FICO 9: 780
EX Bankcard 9: 790
__________________________________ 10/23/2021 UPDATE (START) _________________________________________
10/23/2021 UPDATE -- DEBT-TO-INCOME RATIO (ADDITIONAL DP)
DTI: 28%
Why am I including this? When my friend applied for the USBAR on 8/17/2021, she was initially told that she was denied for having a high DTI (71%). They took into account her credit card balance + minimum payment, student loan monthly payment, auto loan monthly payment, and her rent monthly payment. At the time of application, she reported $67,000 annual income and the following DPs:
CC: $1800 ($60 minimum payment)
Student Loan: $500/month
Auto Loan: $300/month
Rent: $1300/month
DTI: $3,960/$5,583 = 71%
She was 0/6, 3/12 ACCTS, and 1/6, 2/12 INQ. She also has a banking relationship with US Bank. She called back several times to reduce her DTI in order to overturn the denial but to no avail. She was told that for the AR, US Bank really wants to see: (1) low DTI under 30%, (2) 2/12 ACCTS, and 2/12 INQ is preferred and suggested she wait 6-8 months.
__________________________________ 10/23/2021 UPDATE (END) _________________________________________
UTL: 3%
FICO 8 CS: EX 757, EQ 756, TU 746
AAoA: 4 years, 11 month
AoOA: 14 years, 1 month
Income: $75K - $84K
Current CC:
1. DC, $9,000 CL, opened 3/2017 (AU)
2. Discover It Cash Back, $4,000 CL, opened 12/2019
3. Chase Sapphire Reserve (CSR), $10,000 CL, opened 9/2020
4. Chase Freedom, $1,000 CL, opened 10/2020
5. Blue Business Plus (BBP), $6,300 CL, opened 1/2021
6. The Platinum Card, No Pre-Set Spending Limit, opened 1/2021
7. Business AAdvantage, $11,000 CL, opened 3/2021
8. Business Gold, No Pre-Set Spending Limit, opened 4/2021
9. Blue Business Cash (BBC), $1,000 CL, opened 5/2021
10. Amazon Business Prime, $1,000 CL, opened 5/2021
11. Business Platinum, No Pre-Set Spending Limit, opened 5/2021
12. Marriott Bonvoy Business, $3,000 CL, opened 8/2021
13. AAdvantage Aviator Business, $2,500 CL, opened 9/2021
14. Delta SkyMiles Reserve Business, $4,000 CL, opened 9/2021
15. Chase Ink Business Cash, $5,000 CL, opened 9/2021
16. Wyndham Rewards Earner Business, $2,500 CL, opened 10/2021
17. US Bank Altitude Reserve, $10,000 CL, opened 10/2021
congratulations 🎉🎈🎊 on your approval!!
Congratulations! Thank you very much for the detailed write up!
Congrats on your U.S. Bank Altitude Reserve approval
Congrats on your approval!
@greatscott85 wrote:Congratulations! Thank you very much for the detailed write up!
Thank you very much! I like to include as many DPs as possible to help others.
