Got a denial notice in the mail from Cap 1. The ONLY reason on the notice was: LACK OF BALANCE TRANSFER REQUEST They pulled three hards (EQ,EX,TU). Sheesh, they could have called and asked if I'd BT onto their card.
I'M NOT SUB PRIME~~~(WIFE) combined 2 accounts closed one reduced the "GO-TO" from 9.90% to 7.90%...NO QUESTIONS ASKED...
9.9% is subprime imo. Hell my ole cap 1 gold (originall secured) is 9.9% with no annual fee (forever) now. The last BT they offered me was 0% for 6 months which was very nice indeed.
Sam, What percentage do you consider prime? I have two Visa's at 14.9% and 12.9%. I would love to be able to get a 9.9% rate. I guess if you have excellent credit you want the best rate you can get. There are some people paying 29.9%.
Martig, If you do have accounts that you can BT, I would contact Mr. Cooke at PFB and let him know. Maybe he can do something for you. Also, you can call the number on the denial notice and do the same. I can't believe they pulled all 3 reports. Did you apply for the Cap1 No Hassle card with the 8.9% rate?
I wonder when they start using stupid reasons, if it's just an excuse because for some reason, they don't want your business.
just thinking about this excuse.. hmmm - obviously with low low rates, the product manager used a balance transfer as part of the profit per card ... NOT saying its right or wrong - seems like they would give a you a card if you transferred a balance; they hope that you do not pay it off before the low ride period... aarrff dogman
George......I'm curious what they think excessive income is.....I dont want to get kicked out for that.
Ridiculous...obviously not a major bank. Amex, Chase, BofA and Citi are very generous if you have substantial assets.
Call the bank and speak to a credit analyst. Most banks are happy to give you CL's that your income/assets can support, even if you have large available CL's ( banks want your business ). Tax doc's, bank verifications etc. can be used to easily substantiate your information. Card apps. only ask for income/household income. My repaired CR's didn't seem to reflect the income I provided on my apps. so I've had analysts call me to verify/document information. I believe providing income/asset documentation for large unsecured lines of credit is reasonable. Amex for example will open the vault for you if you are willing to show them you have the $$. BofA, Chase and Citi are very generous as well.
Income definitely would not be the problem, my scores are low to mid 600s because of 2-3 30 day lates 19 mos ago. I want to BT my high interest accts and pay that balance down, but I am unsure who to apply to without getting the ax. I have no other derogs.
