4ktvs wrote:kdm31091 wrote:I love seeing overconfident MF members getting slapped with tiny limits on cards they should have waited to app for.
That guy who claims to be 18 had a card from US bank with a limit of $300. LOL
He should have waited to apply for the Cash+ but it looks like he went for it anyways. Why he went for ALL those other cards before like two QS and the venture I have no idea. Even if the guy does make 80k or what ever per year. There is no need to build that much credit right away and even later on why have two QS?
Now stuck with a $300 limit %1 cash back card he is. He had it a long time coming though.. US bank clearly cut out all the BS and I would say they punished him by granting the card than not. They clearly wanted him to take the AAOA hit with out much risk to themselves.
When they grant a limit that low the bank is making a very clear statement. One I would hope they consider when looking to the future.
He deserves it...so I don't feel bad. At 18 years old, I find the whole income story very doubtful but even if true, like you said, there is no reason to app for a bunch of cards in such short succession.
Good for US Bank giving him a reality slap in the face. Prior to ban, I actually tried to reason with him on a PM and give him advice but he wasn't having it. Some people are determined to learn the hard way.
You're right, it's almost worse than being declined. He took a HP and AAOA ding for a $300 1% card. Hopefully this will make him think twice before the next impulse app. I don't see why he felt he needed a QS and the FNBO 2% card, and a Venture. They're all basically the same thing. He also got an AARP for that extra 1% on dining. None of this is necessary for someone just starting out (apping for 7 cards or more in 6 months). But oh well. As often happens, watch them slowly destroy their credit.