I really wish credit card applications worked like job offers. There should be a giant “No Thanks, Respectfully” button after approval where they reveal your credit limit and you get one final chance to reject the entire situation before it touches your credit report.
Because why am I applying for a card, getting approved, feeling optimistic for approximately 11 seconds, and then they hit me with a credit limit so low it feels personally insulting. Like wow, thank you so much for trusting me with this groundbreaking financial power of $600. I’ll try not to buy half a couch at once.
And the crazy part is the second you apply, apparently that means you’re automatically married to the account forever. Excuse me? Since when does applying mean accepting? If I apply for a job and they offer me $13 an hour plus “pizza Fridays,” nobody drags me into the building the next morning and forces me to clock in. I’m allowed to look at the offer and go, “Actually… absolutely not.”
But credit cards? Nope. They pull your credit, hand you a limit that barely covers a grocery run at Target, and suddenly it’s like:
“Congratulations! Your new account is now open ❤️”
No??? I did not say yes. I was still evaluating the vibes.
Now I’m sitting here with a hard inquiry on my report, my average age of accounts getting sent back to the Stone Age, and a brand new card I don’t even want because the limit is so offensively low it feels like the bank approved me out of pity.
At this point I want an option that says:
“Thank you for your consideration, but after reviewing your offer, I have decided to pursue other financial opportunities.”
There needs to be a “no thanks, keep the card” option after credit card approvals.
byu/CautiousMagazine3591 inCreditCards
Posted by CautiousMagazine3591
6 Comments
Amex
lmao the “pursue other financial opportunities” line got me 💀
getting approved for 600 bucks really does feel like they’re testing if you can handle buying lunch without going bankrupt. had this happen with my first card years ago when i was broke mechanic – they gave me limit so low i couldnt even buy decent tools with it 😂
the whole system is backwards though, like why does “checking if we’re compatible” automatically mean “congrats you’re stuck with us now”
Looking at you U.S. bank
A bank cannot and will not give you a credit limit without an accurate picture of your credit profile, which requires, you know, a credit check. I’d be interested to know how a bank can simultaneously run a credit check and not run a credit check.
The whole automatic acceptance of a card is a separate issue, granted, one you clearly agreed to when you clicked “submit application.” But even fixing that is irrelevant to the hard inquiry. Unless your suggestion is that banks just blindly offer credit limits with no regard for risk management.
> average age of accounts getting sent back to the stone age
Sign me up for that!
ai bot