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Reconsideration e-mail sent - wish me luck!


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I applied for a USAA Mastercard (they only have two cards, the MC and the AMEX which is not a "real" AMEX, it's bank-issued)

And I got turned down. It was an automated reply that came back in about 30 seconds or less. It quoted the usual reasons I am a loser.

Since the reply was so swift, I'm pretty sure it was computer-generated and not looked at by a human.

The funny thing is, they gave me the AMEX last May or June, and I'm in perfect standing with it, and it's been open more than six months, so I thought I would apply for their other card. When I applied for the AMEX last summer, they told me I'd hear in a few hours and I did. I figured that meant someone had to actually look at it.

Factors NOT in my favor:

My FICO was at a high of 690 sometime last summer, it's 671 now (which I thought was good - maybe I need to get a reality check)

My USAA AMEX is within $100 of its $2500 limit (doh) (but I just made a payment earlier this month and just scheduled a $70 payment today)

My overall credit usage is at about 52%.

I sent them a nice note explaining why I'm such a good USAA customer and why they should give my application another look. I pointed out that I have an investment account there worth $1700, and while I know that's not exactly collateral in their eyes, I hope it will count for something that I'm doing business with the other branches of USAA. Also, I opened a checking account with them (never mind that it has $3 in it after that $70 payment), a month ago. I hope all of this will sway them, but I realize it might all mean nothing to them.

I'll print my request for reconsideration letter if it works. If it doesn't, why would anyone want to see a worthless failure of a letter that did not convince them that I'm not a total loser? :roll::?:wink:

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Aw, you guys are so nice... They just sent me a form "FO" e-mail letter. (It's like a FOAD but without the AD). They said I could call with any questions, but since that was in the p.s., it sounds like, "Call and we'll explain to you why you don't meet our high standards."

I sometimes, ahem... take some liberties (sorry, honesty sticklers - I am honest in personal relationships but not always with big financial companies) when I work up job and income data*, so I don't really want to be put through an interrogation. That's why I'm not calling them. I think I'll just apply again, whether that's six months or a year from now, when it's not such a struggle.

(*Before I get drawn and quartered, I only mean that I don't always differentiate between the hub's income and "family income," and he's fine with that; many applications ask specifically for or mean family income, but sometimes they treat income of married people separately - wow, this subject could be its own thread.)

I really need to pay off what I have, and I'm sure that's the crux of why they didn't want to hand me another card - that would make them smart, actually.

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I sometimes, ahem... take some liberties (sorry, honesty sticklers - I am honest in personal relationships but not always with big financial companies) when I work up job and income data*, so I don't really want to be put through an interrogation. That's why I'm not calling them. I think I'll just apply again, whether that's six months or a year from now, when it's not such a struggle.

(*Before I get drawn and quartered, I only mean that I don't always differentiate between the hub's income and "family income," and he's fine with that; many applications ask specifically for or mean family income, but sometimes they treat income of married people separately - wow, this subject could be its own thread.)

I always add a little something on for the DF's income. I don't add on his whole salary just an extra 15 or 20K. They do usually say "household income" and he's part of my household and pays his half of the bills.

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