No. of Recommendations: 0
About Household: I've got a HH MasterCard, thus I found out when I called about an erroneous charge and a mistaken late fee assessment in April that they've just been bought out by another company, but they didn't change their name. A number of conditions of their accounts seem to be in flux, and the new company's software is assigning late fees on whim, not on the pre-existing due-date of the account. They fixed this glitch for everyone, but Yucchh. They also stopped the "Paid Ahead" minimum-balance due feature, which is fine by me anyway. I always try to figure out what my minimum ought to be even if they don't tell me, and pay at least that. They updated the erroneous charge as soon as the merchant told them about it.

But I think the new owner of HH is not sure how far out on a limb it has gotten itself with the HH account and is playing itself very close to the chest until it gets settled in. Your rejection could have been due to their current takeover upheaval.

With your good history and low debt load, why are you wasting your time on bottom-feeders like HH? You can probably qualify at a much better bank. Go do research and try again. Just do it judiciously, and one at a time, so you don't get too many application attempts on your credit record. First check the banks you've got your checking, savings, and car & mortgage loans with. Try to get them to offer you the best terms they can, and pick a card from among those offers. They already know you.

It feels lousy to get rejected, though. I just got rejected by another company, and obtained a free copy of my credit report because of that. I have an excellent payment history. I found lifeless accounts I'd long since forgotten about, and that erroneous charge I mentioned above had massively inflated my recent-purchases list. My report didn't show the recent-purchases list but it's in there somewhere, because the company I applied to had access to it. Although the bad charge had been corrected, the fix hadn't filtered through yet. I am going through the report and closing every account I don't absolutely need, and making sure the activity reports are accurate, and then I get to ask them to do a re-evaluation.

Meanwhile I know that their decision is currently based on bad information, and even if they turn me down again, I'm reminding myself that they don't know me personally, and their model is made to fit some "average" behavior, not my behavior. If I keep paying down my debt and doing the next right thing, some good company will be thrilled to take my money. I'm going to research to find the best companies to try for. And do it slowly.

Good luck!
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