May 31

Why did my credit card application get rejected?

Credit Card Applications 6 Comments »
Credit card application
I just applied for a 2nd credit card (a store credit card). On the website one of the requirements was that you were already approved for a major credit card.

The letter said rejected because:
-number of recent inquiries on credit bureau report
-excessive obligations in relation to credit limit
-limited credit experience

In Janurary I was approved for a student credit card(Visa through Bank of America). I’ve paid my bill in full each month, and my average use is $250/month of my credit limit, which is $700. So each month I have not even gotten close to my credit limit.

I just want to know what “excessive obligations in relation to credit limit” means. I understand the other reasons.

Thank you
ok, thank you everyone for all the side notes.

can someone please tell me what “excessive obligations in relation to credit limit” means

thanks

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Jan 29

how can i pay the fee for my university application? when i dont have a credit card?

Credit Card Applications 5 Comments »
Credit card application
they want 75 $ im an international student i dont have a visa card they dont have a bank account dont have a check to send them. so i dunno how to pay it ,
well i a check will make me send it on DHL and its expensive, so 4get it
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Jul 03

I’m 20, and my credit score is 727. How does this compare to others my age, and how does it effect me?

Compare Credit Cards 2 Comments »
credit cards compare
So, I got my free credit report from American Express today, and my score is 727. Is this low bracket excellent category? I feel as though I fully understand the fundamentals of a credit card.

Now, I am looking into auto loans. How would this effect me if I were trying to get an auto loan?

I have 4 credit cards on my report – two of them are low limit cards for stores, and I have not used the card yet. The other two are my American Express and Student Visa (i don’t really use visa anymore) but my credit limits are 2,000 and 1,700)

So, are these other cards bringing my score down? I don’t want to move into the “good” category at any point in life… Or will my score increase as I own these cards for longer and continue to pay off the balance every time? (my student visa is from 2007, and my AMEX is from 2008)

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