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Master 2022 Approvals and CLIs Thread (Post Yours!)


hegemony
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1 hour ago, hdporter said:

We have 3 BA cards, beside the two "CCR's".  2 of those have cash lines set at 30% of the CL, the other is set at 35% (having the largest limit, $14k on $40k).  But the two CCR cards have cash limits set at 17% and 24% of their respective CL's.  Go figure.

BofA's cash advances are a bit odd when they reach a certain amount, the credit limit continues to increase, but the cash advances stop.

 

My cash limit is over 35% of my total credit limit. It used to be at 40% before the CLI.

 

Hahahahaha!!!!!  :D It's significantly doable and satisfying for me at the casino's table.

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1 hour ago, centex said:

The old card is one that likely still has some hindrances from the old MBNA staff that came in after the merger/acquisition and continued internally to hold me responsible for ~$40K in fraud losses two decades ago..

How long have you been wrestling with this, I hear it every time the BofA CLI is mentioned. I probably heard your narrative on this 4-5 times already.


Centex  :wave: I heard you mentioned your CLI request for your Bank of America account, which conflicted with your past MBNA account, because of the fraud losses that Bank of America held against you. That internal information will be there forever, you just have to forget about their CLI cravings kinds of stuff.

 

If a bank thinks there's something that exists and doesn't trust you with further exposure, Algos will never forget unless it's reprogrammed.

 

Hehehe!!! At least you're not blackballed from them as Amex did to others.

Edited by MP80
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13 hours ago, StarkRaven$ said:

Approved for Chase Southwest Rapid Rewards cc. Credit limit is $8900. Pulled EX. Not sure what the FICO score was; maybe 791 give or take. At first it went to 7-10 days but a couple of hours later , same day, I was approved.


Got some good trips planned?

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Given that I'm 4/24 now, I'll probably accept Chase's offer, so I'll go ahead and apply for other pre-approvals from Bank of the West, Citi, or maybe just maybe the new Wells Fargo Autograph credit card.

 

But, one thing, the $95 annual fee. I'll probably take up the Chase Unlimited credit card, which has a lower credit limit of $14K.

 

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10 hours ago, MP80 said:

But, one thing, the $95 annual fee. I'll probably take up the Chase Unlimited credit card, which has a lower credit limit of $14K.

 

I'm looking for the consideration of which card best meets your spend profile (or if not that, some consideration re the vast difference in SUB on these cards).

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12 hours ago, hdporter said:

I'm looking for the consideration of which card best meets your spend profile (or if not that, some consideration re the vast difference in SUB on these cards).

Thanks for your sharp observation. Like always!  :wave:

 

Yeah, I can see where you are pointing at those two Chase cards, a significant difference in spending categories which focus more on the Sapphire card with a higher tier status. 

 

On a positive face value, the Sapphire card has a higher starting credit limit than the Chase unlimited card, plus generous sign-up bonuses that apply to the first three months of mandatory spending of $3K-4K for qualification. 

 

The Chase unlimited card has a lower credit limit, a very low spending qualification for the sign-up bonuses, something like in order to get the $200 you just need to spend $500 in three months, an easy deal to complete for the sign-up bonus.

 

The trade-off is the annual fee versus no annual fee between the two cards, after you signify your perspective to give me a second thought process on the choice, I believe most outliers will apply for the Sapphire card as the primary choice and the majority of people will do the same.

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2 hours ago, MP80 said:

Thanks for your sharp observation. Like always!  :wave:

 

Diplomatically stated!  :)

 

I'm cognizant that I'm on the edge (over the edge?) of coming across like a total $$$wipe.  There's definitely some stress leakage coming across.

 

I'm hopeful that what's conveyed is merely a bit of Socratic inquiry to ideally assist in identifying options that are most optimal for you.  I don't have a vested interest (or at least "shouldn't have") in whatever course you pursue.

 

Still, there's still an edge of "attitude" creeping into some of my posts that I'd prefer not be there.  Mea Culpa.

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On 7/13/2022 at 10:45 PM, MP80 said:

What a measly credit limit increase on my Apple Card, but I take it, only $2000. I was actually anticipating Goldman's denial!  :D

 

Hahahahaha!!!!! But I haven't used the card much recently.

 

 

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That’s a nice increase! I’ve been stuck at $13k with them for probably 6-9 months. I mainly only use it for subscriptions and Apple purchases. They have been denying me for “too many hard inquiries” and “not enough spent and paid since your last increase.” I spent $7k on the card this month and I’m down under 6 inquiries in 6 months again, so I’m hoping they will finally cooperate. Lol

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2 hours ago, RehabbingANDBlabbing said:

That’s a nice increase! I’ve been stuck at $13k with them for probably 6-9 months. I mainly only use it for subscriptions and Apple purchases. They have been denying me for “too many hard inquiries” and “not enough spent and paid since your last increase.” I spent $7k on the card this month and I’m down under 6 inquiries in 6 months again, so I’m hoping they will finally cooperate. Lol

Have you asked Goldman Sachs about your credit limit increase before?

 

Many have pointed out that increasing your spending patterns on the Apple Card and you'll get a CLI in return theory is pure speculation and has no merit to substantiate this claim.

 

My recent credit limit growth is another empirical factor. You don't need to put yourself in debt just to qualify to increase your credit limit. I have had the Apple Card for three full years and spent less than $3000 on the card.

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6 minutes ago, MP80 said:

Have you asked Goldman Sachs about your credit limit increase before?

 

Many have pointed out that increasing your spending patterns on the Apple Card and you'll get a CLI in return theory is pure speculation and has no merit to substantiate this claim.

 

My recent credit limit growth is another empirical factor. You don't need to put yourself in debt just to qualify to increase your credit limit. I have had the Apple Card for three full years and spent less than $3000 on the card.

Oh I have asked LOL. When I first got the card I was using it a lot more. I got regular increases from an SL of $1,250 up to the $13k. But my overall usage of the card went down (I think I average $500 a month on it now) and I got some additional inquiries on my TU report. Since then, no dice. So this months, I decided to use it a lot more and see what happens. I do always PIF this card, so no worries about the debt situation. 

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Here are some recent approvals for my business stuff:

 

American Express Gold Charge for Business - Instant Approval, send prayers for me to reach this signup bonus of $10k spend in 3 months for 70k MR points....

Fuelman Mastercard $1,500 - Instant approval, mainly for building my business credit and managing vehicle maintenance/gas

Sam's Business Card $8k - Instant approval after I applied in store. This is a no-PG card, but I did not qualify for the Mastercard version. Maybe it will get upgraded or I will just reapply in the future.

 

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4 hours ago, hegemony said:

the gender bias some suggest with GS approvals is true.

Didn't you at one time say that she make more than you? The D-word perhaps may have been confirmed!

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30 minutes ago, hegemony said:

by a factor of 10...

Hahahahaha! In other words, her income is over 7 figures per year, so, according to GS Algos, her approved SL should be a minimum of $60,000 without prejudice, which is GS's maximum credit limit exposure to one client?

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On 7/16/2022 at 1:40 PM, hegemony said:

Mrs H got the GS Apple... approve for only 15k. she is pissed as mine is 40k. perhaps the gender bias some suggest with GS approvals is true.

 

Are you willing to disclose some general credit report stats (based on report GS pulled) to delve into this (for the sake of curiosity)?  (I have no interest in being intrusive.)

 

GS cites that in addition to income, credit score and utilization data are factored in setting CL's. 

 

What are your respective FICO 8 credit scores?  (expecting that both are likely near/= to 850).

What are your respective overall revolving utilization ratios?

What is the revolving utilization ratio on your most highly used credit line?

How much total revolving debt is outstanding on each respective report?

What is the average limit on your respective open revolvers?

What is your respective average account age (open & closed)?

 

I'm not claiming that this info will necessarily shed light on the different assigned credit limits.  And, I don't have any vested interest in whether you decide to participate or not.  I do think the info may shed some light, one way or another.

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1 minute ago, hdporter said:

 

Are you willing to disclose some general credit report stats (based on report GS pulled) to delve into this (for the sake of curiosity)?  (I have no interest in being intrusive.)

 

GS cites that in addition to income, credit score and utilization data are factored in setting CL's. 

 

What are your respective FICO 8 credit scores?  (expecting that both are likely near/= to 850).

What are your respective overall revolving utilization ratios?

What is the revolving utilization ratio on your most highly used credit line?

How much total revolving debt is outstanding on each respective report?

What is the average limit on your respective open revolvers?

What is your respective average account age (open & closed)?

 

I'm not claiming that this info will necessarily shed light on the different assigned credit limits.  And, I don't have any vested interest in whether you decide to participate or not.  I do think the info may shed some light, one way or another.

just a quick response as I'm heading out the door... her scores are consistently higher than mine. utilization essentially the same. her "available" is lower than mine, around 500k versus my 950k. My highest limits are double her's (she's never been agreesive or interested in that game). Her AAo open A is higher than mine and we have the same oldest account (I'm AU on a >30 year old citi card of hers).

 

there is also the difference in timing; I applied just after the card launched. Perhaps GS has adjusted its criteria.

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4 hours ago, hegemony said:

just a quick response as I'm heading out the door... her scores are consistently higher than mine. utilization essentially the same. her "available" is lower than mine, around 500k versus my 950k. My highest limits are double her's (she's never been agreesive or interested in that game). Her AAo open A is higher than mine and we have the same oldest account (I'm AU on a >30 year old citi card of hers).

 

there is also the difference in timing; I applied just after the card launched. Perhaps GS has adjusted its criteria.

 

With the caveat that we all understand that this is another exercise in "idle speculation" (and, thus, a little more than some finger flailing ...):

 

-- One possibility is that GS is looking to existing lines in place for CL guidance.  You cite your highest CL being double hers.  If your average CL were also significantly higher, these would support this premise.

 

-- It seems to me that most mention of $25k+ Apple Card credit lines were early on.  It seems very likely that GS tightened up on lines later in the game.

 

Looks like we need  a couple of near-concurrent his/hers apps to clarify the water here :)  (Not running with the bait myself.)

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