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WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

_ptatohed
Frequent Contributor

WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

Most all my cards have $10,000+ limits.  My AOD in fall of '21 at $5k was my first 4 digit limit.  Then in summer of '22, my Shop your Way was $4k.  Now, today, I was preapproved and then applied for the Cap One WalMart card and my limit is $3k.  They keep dropping, lol.  Oh well, it's really only for 5% CB on WalMart+ groceries and the occasional order on walmart.com.  

 

 

 

Capture.JPG

5% CB rotating: ; Everyday 3% CB: ; Everyday 5%: ; Retired to sock drawer after AOD: ; On my radar: ; No hope:
Message 1 of 18
17 REPLIES 17
mrcraft
Valued Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

Congratulations on your Walmart card!!

 

A few weeks ago I was approved for a Bank of the West Mastercard but with a starting limit of $3,000.  I received two CLIs today that were more.  I'm okay with it though.  I like BOTW too.



Message 2 of 18
805orbust
Valued Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

It may be a little easier to throw some Ideas out if we had a bit more info on your profile, scores, aggregate utilization at the time of applying, open dates of your cards... Not too familiar with AOD, however if you've been too actively opening cards, especially with a short history, I've heard that Sync can be a bit stingy.  Of course in today's banking environment, I aint surprised by anything.

 

I'll tag a few of my MyFico spirit animals who can probably help you sort it out.  @SouthJamaica  @M_Smart007   @FinStar @longtimelurker  @GApeachy 


Message 3 of 18
CYBERSAM
Valued Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

@_ptatohed  Congrats on your Wally approval!

Haven't seen anyone going after this CC in a long time!




Message 4 of 18
_ptatohed
Frequent Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....


@805orbust wrote:

It may be a little easier to throw some Ideas out if we had a bit more info on your profile, scores, aggregate utilization at the time of applying, open dates of your cards... Not too familiar with AOD, however if you've been too actively opening cards, especially with a short history, I've heard that Sync can be a bit stingy.  Of course in today's banking environment, I aint surprised by anything.

 

I'll tag a few of my MyFico spirit animals who can probably help you sort it out.  @SouthJamaica  @M_Smart007   @FinStar @longtimelurker  @GApeachy 


 

Thanks 805.  I guess I am not really asking for any feedback.  The "WTH?" was rhetorical, lol.  I already think I know what it is.  I have excellent credit..... except...... one baddy - a $3k medical collections from 2021.  I have no intentions of paying it so it is what it is.  Credit otherwise flawless.  $150,000/yr with $2,000 mortgage.  I think only 3 new cards in 12mo and maybe 5 in 24mo.  When I check my credit scores, they range from mid/high 700s to low 800s.  Not sure what my utilization is but my $320k mortgage and $35k auto are the only recurring loan payments.  All cards PIF each month, no other debt.     

 

 

5% CB rotating: ; Everyday 3% CB: ; Everyday 5%: ; Retired to sock drawer after AOD: ; On my radar: ; No hope:
Message 5 of 18
M_Smart007
Legendary Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....


@_ptatohed wrote:

@805orbust wrote:

It may be a little easier to throw some Ideas out if we had a bit more info on your profile, scores, aggregate utilization at the time of applying, open dates of your cards... Not too familiar with AOD, however if you've been too actively opening cards, especially with a short history, I've heard that Sync can be a bit stingy.  Of course in today's banking environment, I aint surprised by anything.

 

I'll tag a few of my MyFico spirit animals who can probably help you sort it out.  @SouthJamaica  @M_Smart007   @FinStar @longtimelurker  @GApeachy 


 

Thanks 805.  I guess I am not really asking for any feedback.  The "WTH?" was rhetorical, lol.  I already think I know what it is.  I have excellent credit..... except...... one baddy - a $3k medical collections from 2021.  I have no intentions of paying it so it is what it is.  Credit otherwise flawless.  $150,000/yr with $2,000 mortgage.  I think only 3 new cards in 12mo and maybe 5 in 24mo.  When I check my credit scores, they range from low/mid 700s to low 800s.  Not sure what my utilization is but my $320k mortgage and $35k auto are the only recurring loan payments.  All cards PIF each month, no other debt.     

 

 


@_ptatohed,

The low limit approvals, been there;

 

 

Message 6 of 18
SouthJamaica
Mega Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....


@_ptatohed wrote:

Most all my cards have $10,000+ limits.  My AOD in fall of '21 at $5k was my first 4 digit limit.  Then in summer of '22, my Shop your Way was $4k.  Now, today, I was preapproved and then applied for the Cap One WalMart card and my limit is $3k.  They keep dropping, lol.  Oh well, it's really only for 5% CB on WalMart+ groceries and the occasional order on walmart.com.  

 

 

 

Capture.JPG


Could be the economy.

 

But could be an indication that you should cool your heels on applying for new cards for a while.


Total revolving limits 716000 (614000 reporting) FICO 8: EQ 725 TU 721 EX 700

Message 7 of 18
FireMedic1
Community Leader
Super Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....

With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe. Congrats though!!!!!!!!!!

3 in year....now 4.....maybe calls for a hmmmmmmmmmm Smiley Happy

 

Edit: Ha! Posted 1 minute after @SouthJamaica . Must have been typing at the same time. Smiley Happy




Homeowner since Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my experiences after BK from learning here. Started 540's.
Message 8 of 18
M_Smart007
Legendary Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....


@FireMedic1 wrote:

With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe.


@FireMedic1, Good Memory!

https://wallethub.com/edu/cc/credit-card-debt-study/24400

 

 

(Click image to enlarge)(Click image to enlarge)

 

Message 9 of 18
FireMedic1
Community Leader
Super Contributor

Re: WTH? The CLs with each new card, keep dropping, lol. Cap One WM card approval....


@M_Smart007 wrote:

@FireMedic1 wrote:

With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe.


@FireMedic1, Good Memory!

https://wallethub.com/edu/cc/credit-card-debt-study/24400

 

 

(Click image to enlarge)(Click image to enlarge)

 


@M_Smart007  So no dementia. Yet. Smiley Very Happy




Homeowner since Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my experiences after BK from learning here. Started 540's.
Message 10 of 18
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