Have good credit scores 760' and above but can get CC

[CreditPoor]

It's not his reporting history, it's what's being reported. His DTI is about 87% and in the current climate he's over extended himself by a good amount and the banks have no appetite to lend.

[Thomas_Thumb]

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@Slabenstein wrote:

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@driver wrote:

What kinds of credit you presently have:

1 cc -- discover IT

limits: 15k

balances: 944 dollars never tops more than 1800. 

loan amounts: student loan: 100k

car : 50k

cosigner on home loan: 600k but I'm not main owner needed additional income 

yearly: 82k ( residency) 

credit scores:

Fico 8 scores: 790/ 774/783

reporting info: myFICO 

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From this, it looks like you're probably being denied for DTI.  Making some modest assumptions about your rates and terms for the car and home loan, I get around 84% DTI.

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Wow! That's quite high. Hope the primary home owner keeps making those house payments.

[NoHardLimits]

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@driver wrote:

do have 2 credit unions checking/savings and 1 discover banking accounts 

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Ask your credit unions if they have any credit card offerings.

[SouthJamaica]

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@driver wrote:

What kinds of credit you presently have:

1 cc -- discover IT

limits: 15k

balances: 944 dollars never tops more than 1800. 

loan amounts: student loan: 100k

car : 50k

cosigner on home loan: 600k but I'm not main owner needed additional income 

yearly: 82k ( residency) 

credit scores:

Fico 8 scores: 790/ 774/783

reporting info: myFICO 

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I guess you'll have to look at the adverse action letters. Those should give you a pretty strong indication of why you're being turned down.

But for now I would assume it's the amount of debt.

In any event I would stay away from the prestige cards like the ones you've been applying for.

My suggestion would be AAA Travel Advantage Visa by Comenity. It gives 5% cash back on gas and electric vehicle charging, and 3% on travel, groceries, dining, and AAA purchases.

The Amex Hilton Honors cards might be another possibility. Most of these lenders have lower underwriting standards for cobranded cards than for their core cards.

There is one group of prestigious travel cards that are relatively easy to get -- the Amex charge cards. They are actually easier to get than any of Amex's revolvers, core or cobranded. The disadvantage is that they have annual fees.

[FicoMike0]

I agree there. I think amex will issue a platinum card to anyone with $695!

[Thomas_Thumb]

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@FicoMike0 wrote:

I agree there. I think amex will issue a platinum card to anyone with $695!

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Heck yeah! They even offered (hounded me) to convert my green card to platinum. $695 platinum vs $55 grandfathered green -I'll pass.

However, for a future jetsetter like the OP who wants tons of travel perks/rewards, go platinum or go home.

[Snook_on_the_Line]

GS Apple Card checks Chex for sure

apped for the Apple Card and when I pulled my report from annual credit report.com there was a tab to click on that said something like additional soft inq (other) and when I clicked on it it said something to the effect of:

we have provided information with your report at the request of the initiating party (GS Apple Card) from the following third party sources:

EWS

Chexsystems

LexisNexis