Current Events > You ever get denied for a credit card?

(+) Yeah! (+)

I'm a semi-credit-card-churner, and I applied for a Barclay's card. They denied me, and I was shocked. Of the 30+ credit cards I have, I was never denied. I called them and asked why. They said I have too much credit, and too little balance on them. I asked why is that a bad thing, and they explained that the system believed that I would just use the card for the bonuses, and not use it as a everyday card, hence the denial.

I asked them to reconsider (because at this point, my credit got hit already), and they asked me for some more details on my finance, then approved me for a $16k line of credit.

.........these banks are catching on to us, credit-card-churners. I might have to start closing some of these dead accounts.

The hell is credit card churning
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pres_madagascar posted...

The hell is credit card churning

Open a credit card with good sign-up bonus, utilize the bonus, then toss the card or close the account. Rinse and repeat with other cards, and after a certain time, do it again with the same cards.

Example:
Chase AARP card right now gives you $200 back after $500 spent. Do that, then close the card. After 2 years, you're eligible for another sign up bonus with that specific card.

Yes from Chase sapphire because of that inquiry bull**** policy
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JBaLLEN66 posted...

Yes from Chase sapphire because of that inquiry bull**** policy

That 5/24 rule, eh? Sorry to hear that.

No, I actually get Pre-approved offers all the time.
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Nomadic View posted...

No, I actually get Pre-approved offers all the time.

You might want to opt out of that here:
https://www.optoutprescreen.com/

It's an extremely easy way to get your identity stolen.

Yeah.

I tried to get one after i finished grad school. I had no debt and not credit score. I didnt use credit cards in college.

They told me my lack of a credit score was a problem.
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