I've got a great credit score, but can't get approved for a CC

For just about anything you want to get off your chest about credit cards.
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gilmore4
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Postby gilmore4 » Sat Apr 12, 2014 12:21 am

ajacks108 wrote:My gf was in the same boat as you. However her credit score was even lower. She still got the chase freedom card and a few months later discover it card. Have you tried these yet? Check out credit karma for cards that could potentially accept you. The cards you did apply for seem to be premium cards so maybe start off with a lower chase card like the freedom. GF got a 500 cl but still helped her build her credit score.


Hmm, I'll look into that. How risky is it, though, to keep applying for cards and continue to get rejected? I don't obsess over my credit score, but I want to say it's gone down ~30 points in the past few months and I suspect the repeated attempts at applying for cards may have that negative impact (though it's minor).


gilmore4
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Postby gilmore4 » Sun Apr 13, 2014 1:57 am

So I applied for the Chase Freedom card online and got the automatic "Your application requires further review before making a decision,"
thus I anticipate that I'll receive a denial letter in the mail within a week.

Pretty frustrating I must admit. It's not like I don't have a job or income either. The sad thing is, any phone conversations I have had with representatives go nowhere -- these "decisions" are made automatically by a machine is my best guess.

Strongly believe the only way I'll "qualify" is by setting up TV/internet accounts in my name and/or go the secured route for a year.

MemberSince99
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Postby MemberSince99 » Sun Apr 13, 2014 5:23 am

The inquiries are likely what is dropping your score. Once you have some history they will affect it less than you are seeing.


Since you took the hard pull for the Freedom I would call the Chase analysts line and recon it. You might have to do it several times until you get the right rep who will help you. IF you are successful expect only a 500 limit to start. That's all Cap One would give you so no biggie it will grow with responsible use over time.


I would not have tried to get this card as my first card. We tried to tell you some that you would have better odds of approval for but you didn't listen. So it can't be a huge shock you were turned down. But you might as well recon with Chase and save what you can of the situation. That number is 888-245-0625.


Failing that consider the BofA secured card for 99 secured with a 500 limit it will graduate if you use it responsibly.


Also look at the Amazon store card (NOT the Amazon visa card) or other GE backed cards or try the "Shopping cart trick" you can search the forums for info on that.


Good luck. I don't mean to be rude, but you weren't going to get the Sapphire as your first card it just wasn't going to happen just like I'm not going to date a supermodel this weekend. Don't waste time and drop your score going for cards like this to start out. When you graduated college you didn't apply to be the CEO of some big corporation (unless your dad owns it) right? You started smaller and tried to work your way up. That's how it works. Going for those cards is going to further drop your score and further increase your frustration and is very unlikely to be successful. Why ask people for advise you won't take?

whit
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Postby whit » Sun Apr 13, 2014 2:49 pm

gilmore4 wrote:So I applied for the Chase Freedom card online and got the automatic "Your application requires further review before making a decision,"
thus I anticipate that I'll receive a denial letter in the mail within a week.

Pretty frustrating I must admit. It's not like I don't have a job or income either. The sad thing is, any phone conversations I have had with representatives go nowhere -- these "decisions" are made automatically by a machine is my best guess.

Strongly believe the only way I'll "qualify" is by setting up TV/internet accounts in my name and/or go the secured route for a year.


Have you called chase with the freedom app before getting the letter?

A friend did not have credit, not even an AU, and she is in same boat as you, sans own income, as she just had a baby, but we are in CA and you can use spousal income.

She got rejected but I told her to call, she banks with them as well, and as kept a spot record for years. Healthy balance (not enough for special consideration, which is why I told her to call the phone rather then go in) and originally the rep told her same thing, not enough credit history (try none)

But she's been renting same place for a few years, again, established a bank relationship with them for years without any negatives, and her husband's income is significant enough for the two of them.

They ended up giving her a cc with a low CL.

So call and try, if it makes sense, even if the CL is low, they should give you an opportunity, I prefer to give those who are starting out a chance, over those who have established credit history, who hasn't taken care of it..not that they don't deserve a chance either but for some reason they seem to get it a bit easier just because they have something on record,

gilmore4
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Postby gilmore4 » Tue Apr 15, 2014 1:37 am

MemberSince99 wrote:The inquiries are likely what is dropping your score. Once you have some history they will affect it less than you are seeing.


Since you took the hard pull for the Freedom I would call the Chase analysts line and recon it. You might have to do it several times until you get the right rep who will help you. IF you are successful expect only a 500 limit to start. That's all Cap One would give you so no biggie it will grow with responsible use over time.


I would not have tried to get this card as my first card. We tried to tell you some that you would have better odds of approval for but you didn't listen. So it can't be a huge shock you were turned down. But you might as well recon with Chase and save what you can of the situation. That number is 888-245-0625.


Failing that consider the BofA secured card for 99 secured with a 500 limit it will graduate if you use it responsibly.


Also look at the Amazon store card (NOT the Amazon visa card) or other GE backed cards or try the "Shopping cart trick" you can search the forums for info on that.


Good luck. I don't mean to be rude, but you weren't going to get the Sapphire as your first card it just wasn't going to happen just like I'm not going to date a supermodel this weekend. Don't waste time and drop your score going for cards like this to start out. When you graduated college you didn't apply to be the CEO of some big corporation (unless your dad owns it) right? You started smaller and tried to work your way up. That's how it works. Going for those cards is going to further drop your score and further increase your frustration and is very unlikely to be successful. Why ask people for advise you won't take?


I do appreciate your advice, and I don't mean to be dickish, but I didn't apply for the Sapphire after consulting with folks here -- all of the cards I listed I have applied to in the past year.

Only one I applied to since was the suggested Freedom Card, and it wasn't a terrible surprise that I didn't get approved considering this has happened before.

I will try reaching out to them (as I have with the other cards before), but it'll likely result in what I, unfortunately, suspected was my only option for right now: secure card with a low limit.

gilmore4
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Postby gilmore4 » Tue Apr 15, 2014 1:39 am

whit wrote:Have you called chase with the freedom app before getting the letter?

A friend did not have credit, not even an AU, and she is in same boat as you, sans own income, as she just had a baby, but we are in CA and you can use spousal income.

She got rejected but I told her to call, she banks with them as well, and as kept a spot record for years. Healthy balance (not enough for special consideration, which is why I told her to call the phone rather then go in) and originally the rep told her same thing, not enough credit history (try none)

But she's been renting same place for a few years, again, established a bank relationship with them for years without any negatives, and her husband's income is significant enough for the two of them.

They ended up giving her a cc with a low CL.

So call and try, if it makes sense, even if the CL is low, they should give you an opportunity, I prefer to give those who are starting out a chance, over those who have established credit history, who hasn't taken care of it..not that they don't deserve a chance either but for some reason they seem to get it a bit easier just because they have something on record,


Thanks for the tips! Will make the effort in the morning to at least see what they say.

jpitsy088
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Postby jpitsy088 » Fri Aug 08, 2014 4:34 pm

In my experience of being denied for a card I should of qualified for, to many applications, makes you look desperate and high utilization on your current cards. That is a sure killer for approval. Take a break from applying pay off your balances your score will raise and you can get approved. If desperate try a secured card us bank or fnbo kickstart visa are nice cards from big banks. Good luck, every time you apply it drops your score. be strong

kir
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Postby kir » Sat Aug 09, 2014 8:29 am

I'd try for a discover card. They approved me with pretty much no history (although a good score like you!) and gave me a good limit.



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