11-04-2012 01:46 AM - edited 11-04-2012 02:00 AM
The Credit One app was a misstep, like taking ten steps back No more apps, PLEASE especially do not apply for any more bottom feeder fee harvesting cards, you will thank yourself in the long run.Try to get it cancelled and permanently removed from reporting on cbr.
Already had Chase and a couple of solid builder accounts, Credit One should not have even been a consideration at all at that point, or ever really. There are always better options, like your Cap1s for e.g.
Uderstandable you were apparently going for a dilutional effect- building good accounts to lessen the impact of some neg history, which is a good strategy in general but in rebuilding, starting with up to 3 solid accounts (which you already have) is sufficient. Then garden watching credit profile improve over time before adding more. By doing so, will be granted higher limits and better terms when are again ready to app.
FP, Credit One, etc are expensive eye sores on a cbr that will not necessarily preclude an AMEX approval going forward but could bring AMEX pause for the PP reasons.
Enroll yourself in "retraining camp" resolving not to finance auto or other purchases beyond current means if wanting to build solid credit for the future and ultimately obtain the 0-1.99% auto financing that can be yours after strenthening profile. It will be well worth the wait.
11-04-2012 03:15 AM
11-04-2012 03:17 AM
Something stinks here...
11-04-2012 03:24 AM
OP seems to be going thru appbar syndrome. What you have to do is step back and re-think your situation and how you handle things because how you are doing them now is heading for disaster and quickly. i didn't even see you just got a credit one card...that is such a horrible decision considering what cards you already have. Only thing i can suggest is to stop apping for ANYTHING and spend time reading the stickies and posts on this board to better understand credit and it's benefits. Also, i wouldn't activate that credit one card if you haven't already because it's not gonna benefit you any.
11-04-2012 05:35 AM
Acura, BMW, Infiniti, Lincoln... Hesse are all luxury brands. Did you state your income? Sounds a little excessive.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.