Master 2024 Approvals and CLIs Thread (Post Yours!)

[SectumSempra]

Got approved for the Cap One SavorOne for $3K.... first credit card approval since 2018 and after I started rebuilding after my credit went into the toilet thanks to the pandemic.

 

Also got approved for the Discover it secured for $2500.

 

Got denied for the BOA Custom Rewards secured card! Still waiting for the letter in the mail but I'm sure it's because of some blacklist I'm on.

 

[supern8ural]

Citi Diamond Preferred was $500 opened 7/29/23 denied 2/27/24 "Serious Delinquency" denied 3/28/24, 4/30/24, 5/31/24 "your account hasn't been open long enough to be considered for an increase."

 

It's almost amusing at this point, my next lowest limit card is $5k... (Tie between Discover and Macy's AmEx which is actually a Citi card) And yes I'm trying to pry another CLI from Discover as well.

[TheVig]

Cold app. Instant approval. 60k for $3k spend. No theft of existing credit lines.

 

[hegemony]

On 5/23/2024 at 5:25 PM, hegemony said:

US bank won't give me a real credit card (it was IIB 25 years ago) but approved me for a secured (not against real estate) seven figure LOC. 7.3% APR for the myfakers out there.

 

APR different than I recall but...  just crazy to think where I was when I joined CB to this... it's been a strange and awesome trip!

 

Edited June 13 by hegemony

[TheVig]

7 minutes ago, hegemony said:

 

APR different than I recall but...  just crazy to think where I was when I joined CB to this... it's been a strange and awesome trip!

 

Yep an awesome trip indeed. Over the weekend I was looking over my paper reports that I got in the mail. I got a chuckle over some of the turds I once had……… Overstock, Walmart (private label), Wayfair, and the like. 
 

Time has flown by since I joined CB. 

[MP80]

14 hours ago, hegemony said:

 

APR different than I recall but...  just crazy to think where I was when I joined CB to this... it's been a strange and awesome trip!

 

Good Lord! Did I read that correctly? The credit limit is $2.5 million, not a replica of the Tophie's artwork. That's about 8 times the credit limit AmEx approved for Tophie.

 

Well done, Hege, and congratulations! Now, you confirmed that you're a credit *Admin and our Terms of Service prohibit profanity*! 

 

I have never seen a credit line this large before assigned to an individual, I have only seen people associated with business credit line approvals get credit lines this large. 

 

[hegemony]

On 6/13/2024 at 10:18 PM, MP80 said:

Good Lord! Did I read that correctly? The credit limit is $2.5 million, not a replica of the Tophie's artwork. That's about 8 times the credit limit AmEx approved for Tophie.

 

Well done, Hege, and congratulations! Now, you confirmed that you're a credit *Admin and our Terms of Service prohibit profanity*! 

 

I have never seen a credit line this large before assigned to an individual, I have only seen people associated with business credit line approvals get credit lines this large. 

 

the LOC is less impressive than it looks as it is a SECURED LOC. Secured against a non-retirement investment account. The LOC is just a tool to avoid any short-term need for liquidity that might lead to capital gains and/or taking $$$ out of said account.

 

oh, and less impressive as it is a joint LOC.

 

but it still seems unreal to me. life is so weird.

[TheVig]

54 minutes ago, hegemony said:

the LOC is less impressive than it looks as it is a SECURED LOC. Secured against a non-retirement investment account. The LOC is just a tool to avoid any short-term need for liquidity that might lead to capital gains and/or taking $$$ out of said account.

 

oh, and less impressive as it is a joint LOC.

 

but it still seems unreal to me. life is so weird.

 

Dang. And I was gonna ask you for a butler job. 

[MP80]

4 hours ago, hegemony said:

the LOC is less impressive than it looks as it is a SECURED LOC. Secured against a non-retirement investment account. The LOC is just a tool to avoid any short-term need for liquidity that might lead to capital gains and/or taking $$$ out of said account.

 

oh, and less impressive as it is a joint LOC.

 

but it still seems unreal to me. life is so weird.

Hege, I see it rather differently. 

 

It's irrelevant to look at the line of credit as secured vs unsecured, the point is the line of credit is a behemoth tradeline on your credit profile.

 

The line of credit itself is so significant that it indicates to your other lenders and creditors that you're less than even 1% risky. It puts you aside from the consumer's bust-out list and keeps you away from consumer bankruptcy lists in their AI algorithms.

 

In addition, achieving this credit excellence means effectiveness and influence, In the credit accomplishment of this preeminence there is the implication of potency and sway if you ask for something from your other creditors or potentially new lender, they will mostly lean toward the direction of approval. It's just my 2 cents.

[StarkRaven$]

Today DH was approved for the Amex Blue Cash card per my referral. I’m almost capped out on my grocery spend so we can continue earning 6% cash back on groceries on hubby’s card. Don’t know his credit limit but they pulled EX.

[MP80]

1 hour ago, StarkRaven$ said:

Today DH was approved for the Amex Blue Cash card per my referral. I’m almost capped out on my grocery spend so we can continue earning 6% cash back on groceries on hubby’s card.

I think this is a great card for purchases. I have both the Blue and Cash, the Blue for 9 years, and the same I applied for and got the Venture.

 

AmEx will soon be pressuring your DH to upgrade to the Preferred, don’t pay the $99 annual fee for it.

[StarkRaven$]

7 hours ago, MP80 said:

I think this is a great card for purchases. I have both the Blue and Cash, the Blue for 9 years, and the same I applied for and got the Venture.

 

AmEx will soon be pressuring your DH to upgrade to the Preferred, don’t pay the $99 annual fee for it.

We both will now pay the $99 fee. It’s a great savings card for us. Last month I received $76 in cash back. The saving are great for grocery spend.

[supern8ural]

Denied again for a CLI on Discover.  Really frustrating as I use the crap out of this card so it's artificially depressing my scores (even though I had no unusual expenses last month, I still reported something like 35% util.  And since I just moved AND "home improvement stores" is this quarter's 5% category, this month will be even higher)

[scott31337]

CIP 6k

I'll transfer 11k from the CIC over once it arrives

[MP80]

13 hours ago, StarkRaven$ said:

We both will now pay the $99 fee. It’s a great savings card for us. Last month I received $76 in cash back. The saving are great for grocery spend.

I misread your post about the AmEx BCE or BCP, the latter has an annual fee. Your DH may have signed up for BCP which has a $95 annual fee starting in the second year (first year no annual fee) and gives you 6% cash back on groceries, while BCE only gives 3%.

 

I've 2 BMO cashback cards, one was recently transferred from Bank of the West. It's a cashback of 3% for grocery purchases and 5% cashback for cable and streaming services, not bad for a no-annual-fee cashback card.

 

BMO Cashback Rewards MasterCard:

Get a $200 cash-back bonus when you spend $2,000 in the first 3 months of account opening.

 

Earn 5% cash back on eligible streaming, cable TV, and satellite services.

 

Earn 3% cash back on gas and grocery purchases, up to $2,500 in combined spending per calendar quarter.

 

Earn 1% cash back on all other purchases.

[supern8ural]

Discover It was $2000 opened 7/29/23 denied 11/3/23 (I know that was early but I did see reports of someone getting approved at 4.5 months so I figured no harm in trying) "INSUFFICIENT EXPERIENCE WITH CURRENT DISCOVER CARD CREDIT LIMIT" approved for $5000 2/15/24

 

Denied 5/15/24

 

NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS AS REPORTED BY AGENCY

HIGH BALANCE ON YOUR ACCOUNT
HISTORY OF INCREASING BALANCE ON YOUR ACCOUNT

 

Denied 6/17/24

 

NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS AS REPORTED BY AGENCY

HIGH BALANCE ON YOUR ACCOUNT
BUREAU REPORTS NO MORTGAGE/INSUFFICIENT DECREASE IN MORTGAGE BALANCE

 

dunno what I can do at this point other than stop using the card, but it's my DD for another month ish until the double cash back runs out.

 

 

[Harp76]

For those it could help in regard to soft/hard pull - 

 

Applied for CLI for the following on same day - all ended up being soft pull - all CLI's done with online portal, but call ahead to confirm.

 

Discover - Denied 

Barclay - Instant approved

Chase - Instant approved

Citi - Approved CLI instantly on one card, another card said review, then approved by email within a few hours.

Synchrony - Approved instant

Cap One - Denied

 

Other side note, did credit line transfers on several Chase accounts over the phone after a new account added no issues.

 

Called Citi Exec line to transfer credit limits between cards (as regular reps stated they don't do this). Surprisingly was informed that they need to escalate this and will be called back. Received a call back 2 days later, told that in order to transfer credit limits from existing accounts it would require a hard pull - awaiting a followup call as hard pull was just made on a new account added (that was approved). 

[supern8ural]

Citi Diamond Preferred was $500 opened 7/29/23 denied 2/27/24 "Serious Delinquency" denied 3/28/24, 4/30/24, 5/31/24, 6/30/24 "your account hasn't been open long enough to be considered for an increase."

 

I really done pissed them off I guess...

[StarkRaven$]

CLI from $14,l00 to $19,100 on my Amex Blue Cash.

[supern8ural]

Got a weird one today; my Savor One is now more than a year old (OK, I've had *a* card for over a year, I PC'd from the Quicksilver I originally opened)

• Credit bureau information is missing or unavailable
• We were unable to obtain your most recent monthly payment data from the credit reporting agency
 

Funny thing is I got immediately after that email one telling me that CreditWise had detected a credit score change so whiskey tango foxtrot, over?

 

Has anyone ever had any luck calling Cap1 and asking them to reconsider?  I really don't need this CLI (it's at 14,500 right now) but I requested on principle, figured it couldn't hurt.

 

I'll be trying Discover and Citi again in a couple days as they'll be a year old I think on the 29th.  Discover I really could use a CLI on as it's only $5K and Citi is an insulting $500.

[brainchasm]

Fidelity Rewards VISA Signature or whatever (powered by Elan)

Approved, $23000

 

Lovely little 0% for 18mo offer I intend to abuse.

 

[supern8ural]

Summary of shenanigans with the two cards I really want CLIs on...

 

Citi Diamond Preferred was $500 opened 7/29/23 denied 2/27/24 "Serious Delinquency" denied 3/28/24, 4/30/24, 5/31/24, 6/30/24, 7/31/24 "your account hasn't been open long enough to be considered for an increase."

 

Discover It was $2000 opened 7/29/23 denied 11/3/23 (I know that was early but I did see reports of someone getting approved at 4.5 months so I figured no harm in trying) "INSUFFICIENT EXPERIENCE WITH CURRENT DISCOVER CARD CREDIT LIMIT" approved for $5000 2/15/24

 

Discover It Denied 5/15/24

NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS AS REPORTED BY AGENCY

HIGH BALANCE ON YOUR ACCOUNT
HISTORY OF INCREASING BALANCE ON YOUR ACCOUNT

 

Discover It Denied 6/17/24

NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS AS REPORTED BY AGENCY

HIGH BALANCE ON YOUR ACCOUNT
BUREAU REPORTS NO MORTGAGE/INSUFFICIENT DECREASE IN MORTGAGE BALANCE

 

Discover It Denied 7/31/24

HIGH BALANCE ON YOUR ACCOUNT

BUREAU REPORTS INSUF. HISTORY OF DECREASE BALANCE ON NON-MORTG. TRADES

NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS AS REPORTED BY AGENCY

 

those reasons don't make sense, my utilization is very low except I have a high util on my Discover because it's been my DD and they are holding me at a $5k CL.  but overall I've been 3-6% consistently.  I've also never carried over a balance until this month; I am still in a 0% promo period and had some car repairs so I'm putting the money into my HYSA and investment account rather than PIF, I'll make it up before the promo period ends.

 

and then one more card that I don't really *need* a CLI on but figured I'd shoot my shot

 

Savor One, was opened as a Quicksilver 7/12/23, CLI from $10k to $14.5k 2/21/04, PC'd to Savor One 5/10/24, denied 7/26/04

• Credit bureau information is missing or unavailable
• We were unable to obtain your most recent monthly payment data from the credit reporting agency

this really doesn't make any sense to me either.

 

I'm out of my double cash back promo period with Discover so I guess from now on I will only use that on 5% category purchases since they clearly don't want to be my daily driver card and I have multiple cards with 1.5% cash back.  Oh well.

 

Side comment: I should have had three HPs on Experian and one on Equifax and TU age over a year this month, but I haven't seen any score bump at all.  Right now I still have a HP on Experian from one card that's less than a year old, I will be clean in that regard before my one 90DL ages out.  I really hope all this messing around means my scores will have a nice bump early next year when the 90DL drops off, because that was my end goal.

[MP80]

On 8/7/2024 at 4:34 PM, supern8ural said:

Discover It was $2000 opened 7/29/23 denied 11/3/23 (I know that was early but I did see reports of someone getting approved at 4.5 months so I figured no harm in trying) "INSUFFICIENT EXPERIENCE WITH CURRENT DISCOVER CARD CREDIT LIMIT" approved for $5000 2/15/24

I have come to believe that Discover Bank will cap your credit limit if your credit card account reaches a certain credit limit, thereby confirming the risk involved.

 

For example, the balance between reward and risk, if you spend an average of $5,000 per month, then approving the higher credit limit you request will not be a hindrance. But, if you just wanted to keep your credit card alive by spending a few dollars here and there, getting a credit limit increase would be an impediment.

 

Discover Bank initially approved me for a credit line of $10,500. Every few months I would apply for a credit line increase and all applications were approved for $3K-5K until 2020 when their policy took a different tack, probably because Covid-19 and the massive losses made Discover rattled. 

 

My credit limit is at $35.4k and has not increased since 2020, I spend an average of $100 per month and won’t be asking for any credit line increases anytime soon. I'll be lucky if the potential CLD trend doesn't persist applied.

[supern8ural]

8 hours ago, MP80 said:

I have come to believe that Discover Bank will cap your credit limit if your credit card account reaches a certain credit limit, thereby confirming the risk involved.

 

For example, the balance between reward and risk, if you spend an average of $5,000 per month, then approving the higher credit limit you request will not be a hindrance. But, if you just wanted to keep your credit card alive by spending a few dollars here and there, getting a credit limit increase would be an impediment.

 

Discover Bank initially approved me for a credit line of $10,500. Every few months I would apply for a credit line increase and all applications were approved for $3K-5K until 2020 when their policy took a different tack, probably because Covid-19 and the massive losses made Discover rattled. 

 

My credit limit is at $35.4k and has not increased since 2020, I spend an average of $100 per month and won’t be asking for any credit line increases anytime soon. I'll be lucky if the potential CLD trend doesn't persist applied.

 

That's the thing, I've been using Discover as my DD card since I got it, and I've been consistently coming close to the limit every month and PIF (until this last month).  I was having to switch other cards regularly before my first CLI as I'd hit my $2K limit 2.5-3 weeks into the month.

 

Since my double cash back promo has expired however I'll be using my CFU instead for general purchases as it has a $22k limit and is 1.5% CB on everything and just use Discover for category spending.I was really trying to get all my cards to at least a $10K CL but it seems like Discover just isn't interested.

[MP80]

15 hours ago, supern8ural said:

That's the thing, I've been using Discover as my DD card since I got it, and I've been consistently coming close to the limit every month and PIF (until this last month).  I was having to switch other cards regularly before my first CLI as I'd hit my $2K limit 2.5-3 weeks into the month.

Discover Bank only initially gives you a $2,000 credit limit, which is pretty low. Maybe your credit situation was very different then, or the economy wasn’t very good for many aspects of Discover, mainly due to losses on many fronts, still, I think you can achieve your goal of increasing your credit limit to $10,000 with the Discover credit card. Keep working hard and request a credit limit increase every month.

 

A few years ago, a person on another credit forum who accumulated more than 30 rejection letters from Discover finally got approval for a credit limit increase after 38 attempts. He even took screenshots of all the rejections to show his motivation. Haha...