Question
I am getting a little annoyed. I have established my credit history for a little over a year now with three solid credit accounts with great standing. I mean, AMEX has increased my credit from the original amount of $500 to now $5200 within a year, and Bank of America has done the same from $600 to now $2500, as well as another healthy Citibank, and the total utilization record is less than 20 percent.. Credit score is mid 700s in all three agencies and I've been getting flooded with offers recently..
I wanted to start colleting miles on cards so I applied for UA College Plus card and was denied TWICE. (Once back in July 05 and again this March 18th.) What should I make of this? It's not that I've been applying for credit cards all the time either.. :(
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I have 4 UA M+ REGULAR cards, not student cards, maybe you wil have better luck with that.
I will apply for UA studnet one cause i graduate soon.
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Hello OP,
It may not be you but perhaps Chase has a more restrictive to whom they issue credit cards. All my other cards have huge credit limits -- highest $25,000. But Chase gave me $5,000. A year later I called was able to increase it $7,000. Please note that I had to call to request a credit limit -- other cards automatically increase my limit. So hang in there. Don't give up. Try again with Chase in 6 months to a year.
David
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Did you ask them?
I was turned down for something a few years ago and received a letter explaining why.
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Hello OP,
It may not be you but perhaps Chase has a more restrictive to whom they issue credit cards. All my other cards have huge credit limits -- highest $25,000. But Chase gave me $5,000. A year later I called was able to increase it $7,000. Please note that I had to call to request a credit limit -- other cards automatically increase my limit. So hang in there. Don't give up. Try again with Chase in 6 months to a year.
David
My credit card with the highest limit (25,000) is my Chase United card. My American express cards are more restrictive for some reason. Recently, I tried to get Amex to increase my limit because of large future purchases. They wouldn't go any highter than 17,000 with out a review.
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My past experience has been similar to that described in the OP. Chase is consistly pickier when granting credit cards, and tends to be cheap with the limits as well. In the same boat, I have an AMEX with >$25,000 limit, Citi with $20,000, but my Chase is only $5,000. Just the way they choose to do it, I guess...
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My highest credit limit is with the UA Milage Plus at $10,000, while other cards that I have are typically around $5,000... even the card I have had longest and use the most was only around $6,000...
Then I applied for the new Cash Plus Card and they gave me $500... don't know what to say about that.
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My highest credit limit is with the UA Milage Plus at $10,000, while other cards that I have are typically around $5,000... even the card I have had longest and use the most was only around $6,000...
Then I applied for the new Cash Plus Card and they gave me $500... don't know what to say about that.
Generally speaking, creditors apply credit lines to you, not your cards. That said, they're willing to give you $10,500 total credit. You can call and they'll distribute it as you wish.
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Please consider calling them. It may be somethingg simple.
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Chase could be looking at your income (or lack of it if your in college) and adding their potential credit onto what you already have when they come up with a decline, ie. if you maxed out all the cards could you make minimum payments? Speculation of course but I have found Chase to be one of the most liberal with granting credit.
As best and rrgg mentioned, ask why you got the decline, they must provide you with an answer, though you may be required to submit the request in writing. If it is too much current credit you can call and have Citi and Amex lower you credit limits.
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What address are you using? If you are using your college mailing address that is probably not listed in your credit report, you will get declined. Try applying with your permanent address.
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Ironically, if it's a student card, the decline reason may be that they're unable to verify your student status. Many schools don't verify enrollment over the phone, which is how the CC issuers usually check. Usually this can be rectified by faxing or mailing a copy of a tuition bill or student ID. But it sounds to me like your credit is strong enough for a regular United card... why not try that? 1mi/$1 > 1mi/$2 ;)
Also, most issuers will let you convert cards to different types, so if you want a mileage card, you may be able to convert your existing Citi credit line to an AA card, Amex to DL, or BofA to US or AS - if any of those programs are of interest to you.
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There are a Few things all creditors look at, However Since I have a chase card and I have called and have spoken to there Credit dept
1 verifable Income,
2 How much revolving credit out there if it is to high
3 You status as a student as 21A stated not being able to verify.
Also take into Consideration if you are student and with Student debit on the rise cause college students being slammed with credit cards maybe they think you have to much credit.
My daughter is 19 and I found out she has 6 credit cards.
I was like oh no you Dont. I know she is a adult however I helped her closed 5 of those accts and was like I pay your tutition and you live at home NO to all those credit cards.
that is a personal choice I have made to make sure that she aware of the ins and out of credit cards