@longtimelurker wrote:
@BigBS wrote:Have been thinking about what I want to do with my credit in 2016 over the last week or so and wanted to get the thoughts of the community. It will be the first year since 2008 where there were no baddies on my CR which is a great feeling. Also, looking to find that sweet spot for utilization that maximizes the credit score. It has been pretty consistent in the 5% range for the last 8-10 months and while my scores have gone up it hasn't been due to that. AAoA has climbed back to almost 9 years (8.8 currently) and except for a couple of apps I'm thinking of should continue to grow. Hope those things combined with continued payment history will push my scores higher into the 800 range.
Now the hard part. Can't say that there is much, if anything, that I need but a few things I would like to get. This may seem really odd, but I like to have multiple cards from each institution providing credit, if available. At this point, have that for all except Comenity (will make an exception for multiple here), Discover, Huntington (only card offered), LMCU (possible, but not worth the hassle), NFCU, and USAA. Don't care to have the Miles card, so Discover is off the table and I will focus on NFCU and USAA. Have read a lot on NFCU, but not sure about the reliability/stability of their CC underwriting. Any thoughts on whether a 2nd card ((GoRewards, specifically for the 3% for restaurants) is still a possibility with them? Also plan to get the LOC with NFCU. For USAA looking at the Cashback Rewards Plus AMEX. What are the thoughts on this card and would they pull both EQ and EX? Have had my current card with them for almost 26 years with only a couple of PCs along the way.
Speaking of INQs, the majority of my current ones came in 2014 for CCs and mortgage and are scheduled to fall off by the end of September 2016. Even with these additions I would only be at 4 on EQ, 2 on EX and TU.
Thanks for your input and hope everyone has a great Thanksgiving!
Why did you rule out the Discover Miles card? For the first year, one of the best out there IMO!
I don't honestly know much about it, but not sure it's a #2 CC for any of my spending. What makes it good in your eyes?
@BigBS wrote:
@12njoy wrote:
@BigBS wrote:
@12njoy wrote:I think you're good to go for both NFCU and USAA for 2nd cards. Also with LOC with NFCU. With NFCU they seem to make sure when you have a lot of available credit that you have the income to support all of that with another NFCU card IMO. Good luck
Thanks, 12. I continue to watch your endeavors in amazement.
Thanks BigBS. My journey has come to a standstill yet again. Before the choir comes in, I'm okay with that.
I thought the same thing when I got my Lake Michigan CC 18 months ago. I may feel completely different after the holidays. Since I started this thread I have thought about getting ridnof a couple store cards and building up my business credit in addition to everything else.
I just looked at your lineup and see it is me who's impressed
(Formerly known as: Credit is my hobby (1.6M)/TCL objective)
@thelethargicage wrote:
My plans for 2016? Gardening. Like, for real this time.
I have only been able to make itabout 6 months in the garden. I think I may go for an indefinite stay starting in Sep or Oct of 2016. Hope it works out better for you.
@Anonymous wrote:Miles card IMO is only good for the 1st year for the promo. After that it's what...1.5% right? Please correct me if I'm wrong.
USAA AmEx. I want that card. I hope my Classic will graduate to that option. Only card in the lineup that I want really. They pulled EQ only for me in SoCal.
NFCU GoRewards. I have that card. You can have up to 3 CC's with NFCU. 3x's Restaurants, 2x's Gas! Visa Signature available. I don't think there's any bonus atm, but they're pushing it hard. Love it. Definately give it a thumbs up.
I vow to not app for any credit cards till November 2017. I have made a competitive bet with 2 Members, and I'll be *&^%&^ I'm not losing this gardening mission!!! Killing inquiries.
That's the feedback I was looking for, thank you. After finalizing these cards/LOC I will be gardening as well, sinc e I may need a car or another house in 2017. Unless there is something that comes out of the blue and knocks it out of the park.
@12njoy wrote:
@BigBS wrote:
@12njoy wrote:
@BigBS wrote:
@12njoy wrote:I think you're good to go for both NFCU and USAA for 2nd cards. Also with LOC with NFCU. With NFCU they seem to make sure when you have a lot of available credit that you have the income to support all of that with another NFCU card IMO. Good luck
Thanks, 12. I continue to watch your endeavors in amazement.
Thanks BigBS. My journey has come to a standstill yet again. Before the choir comes in, I'm okay with that.
I thought the same thing when I got my Lake Michigan CC 18 months ago. I may feel completely different after the holidays. Since I started this thread I have thought about getting ridnof a couple store cards and building up my business credit in addition to everything else.
I just looked at your lineup and see it is me who's impressed
You have cards I can only dream of.
@BigBS,
With your sig block, I'm sure you can get any card that I got and then some
@longtimelurker wrote:
@BigBS wrote:
@longtimelurker wrote:
@BigBS wrote:Have been thinking about what I want to do with my credit in 2016 over the last week or so and wanted to get the thoughts of the community. It will be the first year since 2008 where there were no baddies on my CR which is a great feeling. Also, looking to find that sweet spot for utilization that maximizes the credit score. It has been pretty consistent in the 5% range for the last 8-10 months and while my scores have gone up it hasn't been due to that. AAoA has climbed back to almost 9 years (8.8 currently) and except for a couple of apps I'm thinking of should continue to grow. Hope those things combined with continued payment history will push my scores higher into the 800 range.
Now the hard part. Can't say that there is much, if anything, that I need but a few things I would like to get. This may seem really odd, but I like to have multiple cards from each institution providing credit, if available. At this point, have that for all except Comenity (will make an exception for multiple here), Discover, Huntington (only card offered), LMCU (possible, but not worth the hassle), NFCU, and USAA. Don't care to have the Miles card, so Discover is off the table and I will focus on NFCU and USAA. Have read a lot on NFCU, but not sure about the reliability/stability of their CC underwriting. Any thoughts on whether a 2nd card ((GoRewards, specifically for the 3% for restaurants) is still a possibility with them? Also plan to get the LOC with NFCU. For USAA looking at the Cashback Rewards Plus AMEX. What are the thoughts on this card and would they pull both EQ and EX? Have had my current card with them for almost 26 years with only a couple of PCs along the way.
Speaking of INQs, the majority of my current ones came in 2014 for CCs and mortgage and are scheduled to fall off by the end of September 2016. Even with these additions I would only be at 4 on EQ, 2 on EX and TU.
Thanks for your input and hope everyone has a great Thanksgiving!
Why did you rule out the Discover Miles card? For the first year, one of the best out there IMO!
I don't honestly know much about it, but not sure it's a #2 CC for any of my spending. What makes it good in your eyes?
It's an uncapped 3% on everthing for the first year (1.5% each month and the extra 1.5% after 12 months)
I also think I may be capped for limits with Discover.
@I2njoy wrote:
With your sig block, I'm sure you can get any card that I got and then some
I'm a little afraid to try.
