BKATTYTN Tracker

Re: Need help on which cards to apply for

BKATTYTN — Wed, 21 Nov 2012 14:06:16 GMT

improvingmycredit wrote:
BKATTYTN wrote:
I'm about to be at 20-25% utilization ($32,000 total limits). My personal income is $100,000 (Household is $150,000). My AAoA is 5.8 years. I project my FICO scores will be between 690-710. My current cards are BOA (x2), Cap One (x2), Wells Fargo and various store/gas cards. I want to apply for a few new cards. My list thus far is as follows:

Amex Delta Gold Skymiles
Chase Freedom
Discover More
Chase Marriott Rewards

Do I have a high likelihood of being approved for these cards? If not, can you suggest some others that I would likely be approved for? Also, in what order should I apply for these cards? Is this too many to apply for at once?

I've done a lot of research. I just want to enlist some advice from the pros on the forums. Thanks in advance.
Based on the info you have provided, I'd say you were pretty good to go for any of the cards you've listed excluding the Marriott Rewards. This is a Siggy Card and I don't know if you have experience with cards above 5K. Your utility is a little high so if you have the ability , I'd get it to less then 20% but shouldn't be a problem if at 25% or less. I'd sure like to know if you have any baddies. Also what your true FICO is from MyFICO. With your income, I'm thinking CLs in the 5K range or higher with Chase Freedom and Amex. (The Freedom has lower approval criteria then Marriott Siggy even if approved for a Freedom Siggy). Why the Discover Card? Almost the same rotating catagories as the Freedom card and they are much more conservative then Chase. Also, if you are over the 700 FICO range, you might want to look into the BCE/BCP instead of the Delta unless you travel a lot. $25 a week in Groceries pays for the BCP... Everything else is cake. Just my recommendations with the info provided. Of course, if you have recent baddies, all this goes out the window. Let us know your FICO and payment history for a better recommendation and Good Luck!

I have no baddies and 100% on time payments throughout my credit record. I'm also just conservatively estimating what my scores will be once I get the utilization down. I really don't know for sure.

I like the idea of the Marriott card because I spend about 2-4 nights per year in a Marriott.

My highest limit cards are 2 BOA cards with $5k limits and a Jared card with a $7.6k limit.

Thanks for the suggestions and advice thus far. If you have any further suggestions, please share.

Need help on which cards to apply for

BKATTYTN — Wed, 21 Nov 2012 02:11:43 GMT

I'm about to be at 20-25% utilization ($32,000 total limits). My personal income is $100,000 (Household is $150,000). My AAoA is 5.8 years. I project my FICO scores will be between 690-710. My current cards are BOA (x2), Cap One (x2), Wells Fargo and various store/gas cards. I want to apply for a few new cards. My list thus far is as follows:

Amex Delta Gold Skymiles

Chase Freedom

Discover More

Chase Marriott Rewards

Do I have a high likelihood of being approved for these cards? If not, can you suggest some others that I would likely be approved for? Also, in what order should I apply for these cards? Is this too many to apply for at once?

I've done a lot of research. I just want to enlist some advice from the pros on the forums. Thanks in advance.

Re: wells fargo CLI

BKATTYTN — Tue, 20 Nov 2012 19:21:51 GMT

Congrats! Hoping that Wells Fargo gives me a CLI soon. It's been 6 years without one. I'm about to PIF and ask.

Re: BOA CLI query

BKATTYTN — Sun, 18 Nov 2012 14:37:16 GMT

Thanks for the advice everyone. I've been a bankruptcy lawyer for 7 years. In recent months, I've addictively read these forums. Now, when a prospective client comes in, I can make assumptions about their credit history, usage, income, etc. based on their specific cards, credit lines, and utilization. In my line of work, being able to make generalized assumptions is a very beneficial tool. Also, everyone wants to know how to rebuild after bankruptcy. I recommend myFico forums.

These forums are making me a better lawyer and helping me with my own individual credit. So, thanks!

BOA CLI query

BKATTYTN — Sun, 18 Nov 2012 01:27:04 GMT

I'm about to PIF on both of my BOA cards. They each have $5,000.00 credit limits. They are both close to the limit at this time. I've had the cards for 9 years and 2 years, respectively. These are my highest limit cards other than a Jared card with a $7,600.00 limit with a $0 balance. I have 100% on-time payments on my credit reports. My AAoA is 6 years and my annual income is $100,000.00. Once these accounts are paid, my FICO score should be around 710-730.

If I call and ask for CLIs on these cards once I PIF, do you think the requests will be granted? If so, by what amount do you think the limits will increase?

Thanks,