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Regular Contributor
Posts: 178
Registered: ‎03-23-2013
0

App Spree Success

I've been trying to lower our debt since December and lurking here since February.  To date, we have lowered our UTL from 60% to 41%.  In the past few weeks, we went on an app spree, which will lower us to 25% UTL.  

 

Amex CLI:  11,700 -> 23,400

Best Buy CLI:  3,600 -> 5,100

 

Hubby's apps:

Chase Slate $9000

Chase Freedom $7000

Citibank Simplicity $13,000

 

My apps:

Chase Slate $11,500

Discover $5,500

Chase Freedom - 7 - 10 day, but when I called this morning, I was asked to send ID and proof of address.  I'm not sure if that'll be an approval or decline.  

 

Before this app spree, our AAOA was 9.75 years.  I'm hoping to still stay above 8 years, with all these new cards, but I'm not sure. Either way, with the new card 0% interest offers, we will be debt free in a year when we plan on refinancing.  

 

Meanwhile, we'll be in the garden until then.  

 

FICO: EQ - 809 TU- 808 EX - 797
Community Leader
Senior Contributor
Posts: 30,826
Registered: ‎02-07-2013
0

Re: App Spree Success


techiegirl wrote:

I've been trying to lower our debt since December and lurking here since February.  To date, we have lowered our UTL from 60% to 41%.  In the past few weeks, we went on an app spree, which will lower us to 25% UTL.  

 

Amex CLI:  11,700 -> 23,400

Best Buy CLI:  3,600 -> 5,100

 

Hubby's apps:

Chase Slate $9000

Chase Freedom $7000

Citibank Simplicity $13,000

 

My apps:

Chase Slate $11,500

Discover $5,500

Chase Freedom - 7 - 10 day, but when I called this morning, I was asked to send ID and proof of address.  I'm not sure if that'll be an approval or decline.  

 

Before this app spree, our AAOA was 9.75 years.  I'm hoping to still stay above 8 years, with all these new cards, but I'm not sure. Either way, with the new card 0% interest offers, we will be debt free in a year when we plan on refinancing.  

 

Meanwhile, we'll be in the garden until then.  

 


Welcome to the forum

Congrats on a great app spree 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Established Contributor
Posts: 620
Registered: ‎05-09-2009
0

Re: App Spree Success

Nice approvals and cli's.  The ID request to Chase is most likely an approval.  I had to send the exact same thing when i got my Freedom. The card arrived 2 weeks later.Prior to that, i had no relationship with Chase, so it may be normal for the verification process.  Now, you need to garden what you've newly obtained.

Current Score: EQ: 828, EX: 833, TU: 820 Citi TY Premier WEMC 46.5, (Since 1983)Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| Cap One QS WMC 15K|Chase Freedom VS 19.3k|Citi Dividend WEMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2|BBVA Amex 22.5k|Total Rewards VS 12.5k|SGV 10K|Venture 12k|BOA Virgin Atlantic WEMC 11.2K|MB Amex 9.5k
Regular Contributor
Posts: 178
Registered: ‎03-23-2013
0

Re: App Spree Success

How much damage have I done to our FICO score with our app spree?  From what I gathered, we have 3 hard pull's each.  

FICO: EQ - 809 TU- 808 EX - 797
Community Leader
Senior Contributor
Posts: 30,826
Registered: ‎02-07-2013
0

Re: App Spree Success


techiegirl wrote:

How much damage have I done to our FICO score with our app spree?  From what I gathered, we have 3 hard pull's each.  


Shouldn't be to bad and since you will be gardening scores will recover in the next 4-6 months

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Regular Contributor
Posts: 178
Registered: ‎03-23-2013
0

Re: App Spree Success

I finally received a reply on my Freedom card. It was approved for $15K CL.
FICO: EQ - 809 TU- 808 EX - 797
Community Leader
Senior Contributor
Posts: 30,826
Registered: ‎02-07-2013
0

Re: App Spree Success


techiegirl wrote:
I finally received a reply on my Freedom card. It was approved for $15K CL.

Congrats again

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: App Spree Success

Blogger
Posts: 3,367
Registered: ‎10-19-2012
0

Re: App Spree Success

Stellar outcome for 41% utilization! You set quite a precedent there. Congratulations!!! Robot LOL

Regular Contributor
Posts: 178
Registered: ‎03-23-2013
0

Re: App Spree Success

I was surprised as well. My FICO scores were 692 and 706 in March when we financed the car. We received the lowest possible rate that was offers at the time. That gave us some encouragement to try this. The pluses of my credit report - no derogatory (never), no late (never), and nearly 10 year AAoA -- must be helping some.
FICO: EQ - 809 TU- 808 EX - 797

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