Hello. I applied for a USAA World Mastercard, and I was denied because Excessive obligations in relation to income.
That is BBC card territory (BS). the only expenses i have are rent, food, and a $11,000 student loan which i will get forgiven.
they made a counteroffer for USAA Secured Platinum MasterCard®. I fell I should not accept it. my credit is ok (662, 757, 660). over the last few days I have been approved for 2 cards. so I have three with a combined limit of $7300. plus my credit will suffer these hard inquires. (my experian used to be 770, those inquiries are already hitting me) Also, the secured card has these features:
The card's credit limit is determined by the amount of money you put into a certificate of deposit (Opens Pop-up Layer) (CD), up to $5,000.
You'll earn interest on your CD, so you're saving for the future while building good credit.
It might be good to save a bit though. I have not been doing that