Ooh, I got the excessive obligations, too. That's the excuse they give you when they can't think of anything else. Have a wonderful holiday. Dani
Hey GEORGE, You just been approved for $20,000, and if you follow Saar's brilliant tactics and apply everyweek for the LOC you eventuality be approved no matter how long it takes! Herman
George, looks like you were stuck in between the ratios. They think - a. You have too much revolving credit; b. You have too much debt; To get the really good cards, you need to try something else. It may require a few weeks to prepare and for the bureaus to update. First, you need to hide (or pay off) some of your REVOLVING debt. You can do it with balance transfers and manipulation of the date the cycle closes. When card A's cycle is about to end, transfer your balance elsewhere, so that it closes on a $0 balance. Repeat with your other cards for a few weeks. Second, you need to close some credit lines. Just go to your heavily-populated sock drawer and pick a couple. The name NextCard comes to mind Then, wait for the bureaus to update your closed accounts and your $0 balances. (You can try speeding it up by disputing with the bureaus, but that could be risky, especially with TU). Finally, go for the kill: Apply for Blue 9.9% and another Citi AA. They'll approve you faster than you can say "dark cloud" Saar
I put in a "DISPUTE" with AMEX BLUE about the 12.99%, credit limit, and BT rate. AFTER TWO YEARS OF PERFECT PAYMENT HISTORY... THEY NEED TO "BLINK"... They actually accepted it...no response yet. TWO BLUES??? That is what on rep told me to do "APPLY AGAIN, MAYBE YOU WILL GET THE 9.99%"...but I was afraid I would get 12.99% or worse yet the 14.99%!!!! I WENT TO THE AMEX BLUE SITE "APPLY"... IT LOOKS LIKE FROM THE FINE PRINT...ONLY 9.99% IS AVAILABLE...THEN WHY ARE THEY BEING SO RUDE WHEN I ASK FOR 9.99%??? "YOU WERE GIVEN 12.99% AND THAT HAS TO STAY"!!! ----------------------------------------------------------------------------------------------- 1 There is a 0.00% introductory APR for purchases during the first six months. Thereafter, a fixed APR of 9.99%. A fixed APR of 17.99% applies to defaulted accounts; 23.99% for seriously defaulted accounts. Over-limit and late payment fees: $0 to $29, as determined by applicable law. Fee for Cash Advances through Express Cash: 3% of the cash transaction, $5.00 minimum with no maximum. There is a 1% fee for American Express Travelers Cheques. Minimum yearly income required to qualify for Blue from American Express: $20,000. Lines of credit offered: from $2,000 to $100,000. The APR for Balance Transfers during the first 6 months of Cardmembership will be a fixed rate of 9.99% as long as the balance transferred is outstanding, and the account is in good standing. The APR for cash advances may vary monthly, and is 18.49% as of 12/01/01. The APR for cash advances is determined monthly by adding 12.99% to the Prime Rate (Prime). The applicable Prime for billing periods ending in any month will be determined by the higher of the Prime Rate(s) published in the The Wall Street Journal on the 1st or 20th day (or if such date is not on a business day, the next business day) of the prior month. Your account is reviewed monthly and will be considered in default if minimum payments are not timely paid, your account is overlimit, any account terms are breached, or the account is otherwise in default as defined in the Cardmember Agreement, in each case during any portion of the 12-month period prior to the billing period ("review period"). Defaulted accounts will forfeit the introductory and any promotional rates. If a promotional rate is in effect when an account defaults, that rate will apply and expire according to the promotional terms disclosed when the Cardmember was offered the account or promotional opportunity.
George try bank of america online apply you know in two to three days. Yeah Amer tune me down twice, I have a blue card and a loan I paid off. They said I had enough credit from my Blue. I plain to try again in a few days.
JUST DID APP. FOR WIFE...PRIME + 5.9%......PENDING... NO IS BETTER THAN PENDING... PHONE CALL...NO ACCOUNTS...
GEORGE, This is a totally excitement to be into... Exactly what Roni previously describe about the RUSH through your system..hehehe..LOL Herman
George, I think Saar makes some excellent points. I think economic changes may well have forced the FICO "black box team" to adjust some factors. Nov. marked the 4th straight month that credit card debt declined [admittely modest} and, the number of people carrying credit card balances dropped to 38% from 42% a year ago. It may well be ccc are taking a harder look at people who carry large balances as that is beginning to be outside the norm. Or, counter to a developing trend. BTW, a question to all. I have 2 accounts on Equifax {Nov.1st} report that were listed too new to rate. My Jan. payment will be the 4th payment on these accounts. How long before they show R1? One is the Amex Optima Consolidator and the other Discover Platinum. TIA!
Limits too high? WTF? I have never heard of such a reson for a denial! That canned "reason" must be something Amex cooked up and not based on a FICO reason code, wouldn't you think? After all, there is no FICO reason code for "limits too high" is there? RM
Apparently you have a lot of available credit. If you have a good score, call them and explain your reasons for applying. I have gotten that reason - I have a lot of unused, available credit, for my income. I explained that I intended to close two accounts if I could replace them with the AmEx card I was applying for. They gave me what I asked for (it was a reasonable amount, not off-the-wall).
breeze, I tried that with Amex, but they wouldn't budge. They told me I had enough available credit. I told them I wanted to replace a couple of my cards with an Amex card, and they wouldn't budge.
