I've had a FIA card through Sovereign Bank for 1 year. No lates, only payed the minimum one month. I did keep a balance on the card with high utilization but was still making $100 a month payments. Credit limit is $700.
Last week my balance reached $600 and I applied for a credit increase. The day after I joined these forums, read about utilization, etc and sent a $450 payment. Today I got the letter and was declined.
Was it because the payment was made after the request? I thought they would just take that into consideration during review?
Credit score was EQ 643 with 80%+ utilization, no lates and no baddies, auto loan, student loan. Utilization is currently at 31% but haven't pinged a new score.
They pulled EX.
