Comments on: Credit card application denied? Having too much credit limit? http://creditcardtalk.info/credit-card-application-denied-having-too-much-credit-limit-2.html Talk more about Credit Card Sat, 13 Feb 2010 04:14:18 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: efflandt http://creditcardtalk.info/credit-card-application-denied-having-too-much-credit-limit-2.html/comment-page-1#comment-1879 efflandt Fri, 29 May 2009 10:57:50 +0000 http://creditcardtalk.info/credit-card-application-denied-having-too-much-credit-limit-2.html#comment-1879 If someone tells you that you have too much credit, it usually means that you are using too much credit. What percentage of the $8500 are you using now? If you are only making minimum payments (even if always on time), that is a warning sign and they might think that you cannot afford more credit. Although, it could just be not a long enough history. When I first started working full time, I got American Express and Sears cards without any problem (many years ago), but J.C.Penny's turned me down because was at my current address for less than a year. I already had a cosigned MasterCard for a couple of years. If someone tells you that you have too much credit, it usually means that you are using too much credit. What percentage of the $8500 are you using now? If you are only making minimum payments (even if always on time), that is a warning sign and they might think that you cannot afford more credit.

Although, it could just be not a long enough history. When I first started working full time, I got American Express and Sears cards without any problem (many years ago), but J.C.Penny’s turned me down because was at my current address for less than a year. I already had a cosigned MasterCard for a couple of years.

]]> By: charlie m http://creditcardtalk.info/credit-card-application-denied-having-too-much-credit-limit-2.html/comment-page-1#comment-1878 charlie m Wed, 27 May 2009 11:36:48 +0000 http://creditcardtalk.info/credit-card-application-denied-having-too-much-credit-limit-2.html#comment-1878 If you really want a Schwab card, call them and ask for a second look at your application, you feel your were turned down in error. There are many places to get charge cards, as you know, so keep looking around in case Schwab says "no" a second time. If you really want a Schwab card, call them and ask for a second look at your application, you feel your were turned down in error. There are many places to get charge cards, as you know, so keep looking around in case Schwab says “no” a second time.

]]>