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It's not as simple as just scoring model. For example, IME issuers such as Chase and Citi use bankcard enhanced FICOs.

 

CUs tend to focus more on DTI IME.

 

There is MUCH MORE to approvals and high limits than FICO scores. I had limits in the mid to high $30s with sub-700 FICOs.

 

It's best to simply focus on the state of your reports and not worry about FICO scores.

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shifter -I see what you're saying. Some say that it's possible to get to higher CLs and better APR's with good AU's,

not to mention rewards. However if waiting and paying it on time over time is the only option then so be it. I've also

heard that with good income sometimes you can recon, but this may be a situation where patience comes in handy.

Thx for the feedback.

 

 

Creditmaze-Thx for the info.

Edited by AntoineTheCreditGenius
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So the goal is quick, high limit approvals with the thought that issuers that use FICO8 is the way to go?

 

 

There is MUCH MORE to approvals and high limits than FICO scores. I had limits in the mid to high $30s with sub-700 FICOs.

 

It's best to simply focus on the state of your reports and not worry about FICO scores.

 

+1

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Big Bear Actually I hear that banks that use FICO 08 models will ignore aus.

You may be recalling very old info.

 

When FICO 8 was first rolled out initially it was not supposed to include AUs in scoring. However, this was quickly dropped. Same thing happened with Vantagescore 3. Mostly because it was considered unfair to the non income spouse when only one worked. This is also the rationale why it's ok to state combined income, or "income you have a reasonable expectation of access to" when applying for credit cards.

Edited by cashnocredit
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cashnocredit That's good info. Especially knowing they will consider "income you have a reasonable expectation of access to". I've heard other variables could include the actual length of employment as well. With only au's not sure what the outcome will be, trying to dot the i's and cross the t's first. Recently opened a "my jewelers club account with a $5,000 limit, only spent $150 on it, hoping that will help the situation. But it's a new account, so the average AAOA altogether (if they include aus) will be about 3 years.

 

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Hope isn't a good strategy. You should have followed the advice above. That jeweler card isn't going to help you and could possibly hurt you when it comes to starting limits on the other new cards.

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