5/24: Chase’s rule of not approving anyone for a new credit card if the applicant has been approved for 5 or more credit cards within the last 24 months
*insert other BoA rules*
AA – Adverse Action (against consumer by financial institution, including but not limited to: credit limit decreases, closure of accounts, and even negatives on credit reports)
AAoA – Average Age of Accounts
Amex- American Express
AoOA – Age of Oldest Account
AoYA – Age of Youngest Account
APR – Annual Percentage Rate
AU – Authorized User
AZEO – All Zero Except One. A method of reporting a balance on 1 account in order to maximize a credit score. This is because if you are showing no debt, your score will actually drop because you aren’t using your available credit
Baddie – A negative item on a credit report such as late payments
BBB – Better Business Bureau
BBP – Blue Business Preferred Card from American Express
BCE – Blue Cash Everyday from American Express
BCP – Blue Cash Preferred from American Express
BK – Bankruptcy
BoA – Bank of America
BT – Balance Transfer
Cap 1 – Capital One Bank
CC – Credit Card
CK – Credit Karma
CL – Credit Limit
CLD – Credit Limit Decrease
CLI – Credit Limit Increase
CO – Charge Off
CRA – Credit Reporting Agency
CSP – Chase Sapphire Preferred
CSR – Chase Sapphire Reserve
CU – Credit Union
DC – Double Cash from Citi Bank
DD – Dear Daughter
Derog – Derogatory
DH – Dear Husband
DM – Dear Mother
DP – Data Point
DTI – Debt to Income
DW – Dear Wife
EDP – Every Day Preferred from American Express
EQ – Equifax
EX – Experian
FAKO – A score that is not a real FICO score, a fake
FICO – Fair Isaac Credit Score
FR – Financial Review
FTF – Foreign Transaction Fee
Garden/Gardening – Taking a break from applying from anything credit related
HELOC – Home Equity Line of Credit
HP – Hard Pull/Inquiry
IIB – Included in Bankruptcy
LOC – Line of Credit
MR – Membership Reward points from American Express
NFCU – Navy Federal Credit Union
NPSL – No Preset Spending Limit, this applies to charge cards that do not have a traditional credit limit. Typically seen on some of American Express cards
PC- Product Change
Penfed – Pentagon Federal Credit Union
PFD – Pay for Delete
PIF – Pay in Full
PLOC – Personal Line of Credit
POI – Proof of Income
Recon – Reconsideration (typically on credit card applications)
SCT – Shopping Cart Trick
SD – Sock Drawer
SL – Starting Limit
SM – Secure Message
SO – Significant Other
SP – Soft Pull
SUB – Sign Up Bonus
TL – Trade line
TU – TransUnion
TYP – Thank You Points from Citi Bank
UR – Ultimate Reward Points from Chase
USAA – United States Automobile Association
UTL – Utilization
UW – Underwriter
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