For some reason, my Amazon Store Card CL was lowered by over $600. I clicked the luv button and not only did they deny me, they reduced my CL. I have no negatives on my CR, my scores are 638 EQ, 642 TU, 624 EX. I've never been late with Amazon, not even by a day. I'm ready to just close this card and pay for purchases using my debit card or some other CC.
Starting Score: EX 655, TU 583, EQ 598
I actually don't, and you can look for yourself
My scores did drop after Synchrony Bank lowered my CL on Amazon AND Walmart after I hit the luv button. $600 from Amazon gone, $400 from Walmart gone. I went from 33% to 99%
There is no memory factor in Fico8 for CC utilization. So, as soon as it would be paid off, the Fico8 should return to its prior score. I suggest to pay off the CCs soon.
Also, I suggest after Fico8 recovery, get more reliable CCs and afterward, if you are not happy from some prior cards, you might want to close them. If you want 5% cashback on AMZ, some excellent CCs like Chase, Discover, etc. would provide that (twice cashback for Discover in the first year).
Fico8: EX~EQ~TU~840 (12 month goal~850).
@Anonymous wrote:
So you're basically maxed out with both Cap One and Credit One in your sig? That would explain why the bear got spooked.
No, I haven't maxed out my Cap1 or Credit1 cards. My utilization on the Amazon card is basically maxed AFTER they reduced my credit line. I only had around 33% utilization on the Amazon Card with ON TIME monthly payments twice the amount of the minimum ($50 every month on time with autopay).
@B335is wrote:How long has it been since you last requested a CLI, are you just making minimum payments or more and how old are your Synchrony accounts? Getting AA is never a pleasant experience, but a lot of people (including myself) have been through it. Any more details you can share would be helpful.
Last CLI was back in Feb or March. Walmart is only a few months old with no CLI, Amazon is over a year old