@haulingthescoreup wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
This thread is for questions that do not merit a whole thread for themselves. I'll go first : Is it possible that a fraud alert on my credit report might cause me to get declined?Is it considered a "negative" to get CLI's on your existing cards within the same month/week? I received a FICO memo on one of my recently credit approval letter that stated.."Too many recent new credit limit increases".
Ms. Nae
I didn't know FICO kept track of CLIs o_OThey don't.
Ms. Nae, if the creditor used a different score than FICO, that might be a score factor for that other company. When you get declined, or don't get the best rate, they supply the score that they used, which may or may not be a FICO.
But "too many recent CLI's" isn't tracked by FICO, and it's not on the list of FICO scoring reason codes.
Sorry about the decline!
+1
Thanks for clarifying!
@quest208 wrote:the entire system is fraud. when the banks and credit card do something its just "business." when the consumer does it, its fraud.
i agree with the whole backdating thing.....but hey. what do i know.
im just a noob.
we're all gaming the system, some people just need approval and a pat on the back to justify it or to make themselves feel like its alright.
i say, hey, if you are unable to immediately retain your card, its lost. you can write your own disclaimer in small print and say that you lost the card for training and educational purposes only.
as for the whole backdating thing.....hey, they make up membership dates...nobody seems to have a problem with that.
+1,000
@quest208 wrote:oooops, i came here to ask a question and forget. argh! silly me. must be the garden roses in my ears and the thorns on my fingertips.
anyhoo......
suppose i have 5 cards. what does FICO prefer?
a) 9% utilization on each card, regardless of each cards credit limit.....or
b) 9% utilization on the ENTIRE credit limit with just one card or a few cards, or
c) lots of 0 balances and total utilization below 9%?
which of those three would FICO prefer? i guess b) and c) are pretty similar though.
d.) 4 cards reporting $0 Bal. and 1 card reporting 1-9% 
@Anonymous wrote:
@quest208 wrote:the entire system is fraud. when the banks and credit card do something its just "business." when the consumer does it, its fraud.
i agree with the whole backdating thing.....but hey. what do i know.
im just a noob.
we're all gaming the system, some people just need approval and a pat on the back to justify it or to make themselves feel like its alright.
i say, hey, if you are unable to immediately retain your card, its lost. you can write your own disclaimer in small print and say that you lost the card for training and educational purposes only.
as for the whole backdating thing.....hey, they make up membership dates...nobody seems to have a problem with that.
they make the rules,, i just play the game
Amen.
@Mike360 wrote:@Anonymous the only reason i keep the Cap One account open is hoping it would help me get that late removed if i'm in good standing and the account is still open. It's my oldest account @ 6 years so i wanted to try and keep it but they never give credit increases and the $60/year AF is getting on my nerves esp now that my scores are good and i got a new best buy and chase card the last 2 months with $3K/limit each and it doubles my cap one card limit and i've had that 6 yrs
Dump them, not worth the AF.
@quest208 wrote:
@quest208 wrote:what is the difference in requirement between the amex platinum and the amex green?
satisfied with the answer below:
@Anonymous wrote:I data-mined AMEX approval stats via whogavemecredit. Here are the score ranges of approvals. The range is all over the place and they don't appear to have a particular score heirarchy for their products (anywhere in the high 500s to low 600s can be a starting point for any card). With the exception of Centurion, Simply Cash, and possibly Platinum. Interesting data, anyway.
AMEX Blue: 583-777 CL range: $300-$25,000
AMEX Centurion: 782-821 CL range: $100,000-$10,000,000 (question the veracity of this CL data)
Amex Clear: 592-770 CL Range: $1,000-13,000
Amex Costco TE: 613-800 CL Range: $1,200-$22,000
Amex DELTA Skymiles: 557-745 CL Range: $1,000-$13,800 (average CL is $2,000)
AMEX Gold: 601-755 (No set limit)
Amex Gold Rewards Plus 643-806 (No set limit)
Amex Green: 526-786 (No set limit)
Amex Hilton: 602-799 (2,500-20,000)
Amex Platinum: 651-785 (no set limit)
Amex Simply Cash: 802 (13,000)
Amex Zync: 602-770 (No set limit)
These are all reported as EX scores. Note that there is no guarantee people entered true FICO scores. Note that these stats don't include a large number of approvals that didn't specify a credit score in the EX column.
On average, there were more instances of approvals reported than denials (Approximately 500 Approvals vs. 400 Denials). This could be due to the fact that many people would be more inclined to report success stories than non-successes, or it could be a true reflection of approval: denial ratios.
Wow!!! I can't believe how low a score is reported for the Green! That must explain how I got approved, LOL! 
Thanks for sharing these data. Very interesting.
@Anonymous wrote:
@quest208 wrote:
@quest208 wrote:what is the difference in requirement between the amex platinum and the amex green?
satisfied with the answer below:
@Anonymous wrote:I data-mined AMEX approval stats via whogavemecredit. Here are the score ranges of approvals. The range is all over the place and they don't appear to have a particular score heirarchy for their products (anywhere in the high 500s to low 600s can be a starting point for any card). With the exception of Centurion, Simply Cash, and possibly Platinum. Interesting data, anyway.
AMEX Blue: 583-777 CL range: $300-$25,000
AMEX Centurion: 782-821 CL range: $100,000-$10,000,000 (question the veracity of this CL data)
Amex Clear: 592-770 CL Range: $1,000-13,000
Amex Costco TE: 613-800 CL Range: $1,200-$22,000
Amex DELTA Skymiles: 557-745 CL Range: $1,000-$13,800 (average CL is $2,000)
AMEX Gold: 601-755 (No set limit)
Amex Gold Rewards Plus 643-806 (No set limit)
Amex Green: 526-786 (No set limit)
Amex Hilton: 602-799 (2,500-20,000)
Amex Platinum: 651-785 (no set limit)
Amex Simply Cash: 802 (13,000)
Amex Zync: 602-770 (No set limit)
These are all reported as EX scores. Note that there is no guarantee people entered true FICO scores. Note that these stats don't include a large number of approvals that didn't specify a credit score in the EX column.
On average, there were more instances of approvals reported than denials (Approximately 500 Approvals vs. 400 Denials). This could be due to the fact that many people would be more inclined to report success stories than non-successes, or it could be a true reflection of approval: denial ratios.
Wow!!! I can't believe how low a score is reported for the Green! That must explain how I got approved, LOL!
Thanks for sharing these data. Very interesting.
Interesting data, although I question the validity of a lot of this info that WGMC displays.
