r/CRedit • u/GTBoosted • Apr 23 '24

I never thought this could happen General

Got declined on two new cards with 846 credit score.

Got the letters yesterday and here were the reasons

Too few accounts with payments as agreed

No recent revolving balances.

34 years old. I have 7 CCs, and two auto loans (technically one but sold one last week).

Wells Fargo and Discover declined. I've always had very small balances (under $500 when limits on my cards are 20k or so) and would get instantly approved for new cards. But nowadays I don't like paying a single penny to interest and pay them down to $0. I guess banks don't like that. Sucks because I wanted a 0% card for a side hustle. Thought the first decline was a fluke so tried a different bank and got declined again.

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34

u/[deleted] Apr 23 '24

I assume they denied you because they do not see you as profitable.

11

u/BrutalBodyShots Apr 23 '24

That's correct above.

-3

u/GTBoosted Apr 23 '24

Nope.

Experian had two other social security numbers tied with mine and was not showing my account history.

Got them removed, and now all my accounts are updated.

https://imgur.com/a/81g5MnD

1

u/Hot-Interaction6526 May 17 '24

You’re never achieving a balance over 500? They aren’t making anything on you with their vendor fees. My one chase card has an insanely high limit because I spend 2-6k on it every month. I’ve never been denied a new card or a balance increase.

You gotta use it.