We thought it was time to apply for an Amazon CC. We order enough through them and the 5% cash back would be nice. Got a letter yesterday that we (DH) were denied because 1. delinquencies (there are none) and 3 other reasons.
Called them today and they confirmed there are no delinquencies and the reason for the denial was that we had too much credit available and only 1% utilization of same, in other words, we aren't up to our eyeballs in debt . They would not reconsider even after we explained that 2/3 of the available credit was a HELOC with no balance. All CCs are paid off monthly and we have no outstanding loans which also counts against us (one of the reasons listed) as DH's FICO score is only 769 while mine is 820.
I suspect the real reason was that we are both retired and they were unable to verify income which is substantial. Funny that when we bought our $45K car at the end of August, the dealership required we finance the car in order to get the $750 financing credit. Took them 5 minutes to run credit reports...they financed the full amount of the car without a down payment...go figure. Before retiring, in addition to getting a HELOC, make sure you apply for any CCs.
Called them today and they confirmed there are no delinquencies and the reason for the denial was that we had too much credit available and only 1% utilization of same, in other words, we aren't up to our eyeballs in debt . They would not reconsider even after we explained that 2/3 of the available credit was a HELOC with no balance. All CCs are paid off monthly and we have no outstanding loans which also counts against us (one of the reasons listed) as DH's FICO score is only 769 while mine is 820.
I suspect the real reason was that we are both retired and they were unable to verify income which is substantial. Funny that when we bought our $45K car at the end of August, the dealership required we finance the car in order to get the $750 financing credit. Took them 5 minutes to run credit reports...they financed the full amount of the car without a down payment...go figure. Before retiring, in addition to getting a HELOC, make sure you apply for any CCs.