First Post - Which Cards To Apply For? Bad Score But Higher Income Now

[Elcid89]

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@Anonymous wrote:

So noone thinks I should even give these backdoor numbers a shot?

Are my chances very slim?  Talking to a credit analyst wouldn't help?

My thinking was...if I was pre-approved, but then denied...I'm in the grey area and was considered but not chosen.  It seems like I was close, but not close enough, so I figured maybe a well-directed phone call would put me over the top and get me the approval.

For Chase...I have personal accounts and business checking accounts with them.  I also have a Chase merchant account for my business (don't really use it though).  I am even a former employee (JPM).

Could I in any way leverage all of this?  Maybe I could tell them that I am thinking about getting a mortgage through them soon?

There HAS to be something I can do for the recent denials!  I am 100% with you guys on the "stop submitting and wait" stuff.  I'm definitely not doing any more new apps.

I only did these ones because I took a decent time off from applying and started getting better offers in the mail.  I thought I got over a hump when I started seeing these, but not yet it seems.

Should I make some calls?  Thoughts?

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You can certainly attempt to call in and have the decision reconsidered, but I would only do so if they stipulate that there will be no additional pulls. At this point, you are only digging yourself further into an inquiry hole. Waiting sucks, but sometimes it is the adult thing to do.

[09Lexie]

What were the reasons for denials? Some analysts pull your cr again for recons. Which lenders? BoA and First National? How long ago were the denials?

[myjourney]

Who denied in last 30 days and for what reasons?

And you still didn't answer INQ's and Chase is sensitive to those. Yes having other accounts with them can help on a recon call

But honestly it seems like your giving us half the info to help you and aren't taking the advice given. Sorry but true

You can recon all denials but if we don't know why you were denied, when and with who its truly hard to help.

Just my little 2 cents tho 

Best wishes I do hope recon is successful

[Anonymous]

Some good news...

I haven't called any backdoor numbers yet, but when I posted this thread...I did have a pending application with Citi.  I just checked the app status and saw this...

Application Status

Citi® Diamond Preferred® CardCongratulations, you have been approved for a Citi® Diamond Preferred® Card on 08-07-2013. Your welcome kit and card(s) will arrive in the mail within 2 weeks of the above date at the address you provided. Upon arrival, follow the instructions on the security sticker to confirm receipt and activate your card for immediate use. 

Account Details:

Credit Card:          Citi® Diamond Preferred® Card
Initial Credit Limit: $2500

Purchase APR:	0.00% for 12 months from the account open date. Thereafter, Prime rate + 16.74% , currently 19.99%
Balance Transfer APR:	0.00% for 12 months from the date of the first balance transfer. Thereafter, Prime rate + 16.74%, currently 19.99%
Balance Transfer Fee:	The transaction fee for Balance Transfers is 3% of the amount of each balance transfer, $5 minimum.

[silverzgirl]

My thoughts is that you were not preapproved but preselected. This is merely marketing...you fit a certain mold per soft pulls, and they send out mass mailings. Upon further scrutiny, whoops, you don't fit and you have a denial and another inquiry.

Old chargeoffs are not considered current derogatories, which is why CK gave you an A here. After around 2 years, they do hurt less but are not considered current. This is where paying unpaid COs hurt people...it renders them current.

My actual SP TU was 17 points higher than my CK TU score. This can give a ball park guesstimate but don't put stock into anything you can get off the net, free or paid. Banks all use different methodology. CK does give a nice picture with the report card though, it shows where you need to improve.

Congrats on the new TL, but I would stop applying and garden your new Citi for a while. Your FAKO is still pretty low with lots of negative aspects from a risk perspective. Chase is very inquiry shy, even with current customers. Let the derogs drop off into never never land, let the inquiries age, and then you will see a difference in your score.