Well bad news for me. I had applied for the card a couple weeks back and just received my denial letter in the mail. The reason listed: "Credit report shows total available credit on accounts too low." Anyone know what that means?
I'm kinda depressed now, because I already had almost 4,000 points saved up from playing the games and was ready to cash in on a free blu-ray. Wow. Now it's basically pointless because being able to use only 500 points as a non-card member means I can only take 5 bucks off an overpriced dvd from the sony store. Useless.
What I'm having a tough time grasping is why. Here's my current finacial scenario, summarized:
I own a home with a roughly 140,000 mortgage loan I've been paying on for over 2 years. I've never been delinquent on a payment.
I had a car payment but paid it off a couple years back. Again, I was never delinquent. I pay about 5 different monthly utility and phone bills and am not behind on any of them.
I had, at one time, a Macy's and Best buy card. I used the Macy's card as a youngster to try to establish credit. I made 7 or 8 transactions before closing it years ago. I got the best buy card around 2005. Purchased a large HDTV, and paid it off in about 7 months, never delinquent. I then closed the card.
Are they not approving me because I don't currently hold another credit card? Wouldn't a home loan of over 100,00 be enough proof that my credit is good? I just don't get the banking system.
I'm kinda depressed now, because I already had almost 4,000 points saved up from playing the games and was ready to cash in on a free blu-ray. Wow. Now it's basically pointless because being able to use only 500 points as a non-card member means I can only take 5 bucks off an overpriced dvd from the sony store. Useless.
What I'm having a tough time grasping is why. Here's my current finacial scenario, summarized:
I own a home with a roughly 140,000 mortgage loan I've been paying on for over 2 years. I've never been delinquent on a payment.
I had a car payment but paid it off a couple years back. Again, I was never delinquent. I pay about 5 different monthly utility and phone bills and am not behind on any of them.
I had, at one time, a Macy's and Best buy card. I used the Macy's card as a youngster to try to establish credit. I made 7 or 8 transactions before closing it years ago. I got the best buy card around 2005. Purchased a large HDTV, and paid it off in about 7 months, never delinquent. I then closed the card.
Are they not approving me because I don't currently hold another credit card? Wouldn't a home loan of over 100,00 be enough proof that my credit is good? I just don't get the banking system.