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Regular Contributor
kaskuli
Posts: 180
Registered: ‎04-25-2013

9 months AAoA, High (80%) Utilization, 100% On Time Payments

Scores:


Credit Sesame : 682 Experian

MyFico : 663 Equifax

Credit karma : 688 Transunion

 

Currently have a Wells Fargo $1K Secured card. I don't really need credit, I transfer money from my checking account to cover my credit balances. I haven't been in the U.S. long, and want to become more established. I don't have a job, I'm a fulltime engineering student, but I have an income of $1800 a month transfered to my account.

 

Want to apply for some of the premier cash back cards, but I don't know if I have a shot, even though I receive tasty pre-screened offers ( Discover It  and Amex Green ) I quickly learned from this website not to take those too seriously :smileysad:

 

I know it's kinda lame but when you're a 'nobody' in a country, a card can say a lot, can make a statement of sorts :smileytongue:.

Should I apply now, or add some more money to my secured card ( say another $800 ) to lower utilization, and apply after a few months?

 

Also there seems to be a 30 point difference between my Quizzle FAKO and the Creditsesame one.


Scores: EQ-752 7/23/2014//// EX-751 7/09/2014 //// TU-754 7/21/2014
$22500 Amex BCP / $7000 Chase Freedom / $2500 Discover It / $2500 Amazon / $2000 Paypal Extras / $1700 Wells Fargo

Community Leader
Senior Contributor
myjourney
Posts: 25,277
Registered: ‎02-07-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

[ Edited ]

kaskuli wrote:

Scores:


Credit Sesame : 682 Experian

MyFico : 663 Equifax

Credit karma : 688 Transunion

 

Currently have a Wells Fargo $1K Secured card. I don't really need credit, I transfer money from my checking account to cover my credit balances. I haven't been in the U.S. long, and want to become more established. I don't have a job, I'm a fulltime engineering student, but I have an income of $1800 a month transfered to my account.

 

Want to apply for some of the premier cash back cards, but I don't know if I have a shot, even though I receive tasty pre-screened offers ( Discover It  and Amex Green ) I quickly learned from this website not to take those too seriously :smileysad:

 

I know it's kinda lame but when you're a 'nobody' in a country, a card can say a lot, can make a statement of sorts :smileytongue:.

Should I apply now, or add some more money to my secured card ( say another $800 ) to lower utilization, and apply after a few months?

 

Also there seems to be a 30 point difference between my Quizzle FAKO and the Creditsesame one.


Welcome to the forum

80% UTL not happening

What cards would you like? 

AAoA is a little short but depending on what cards you're considering may be possible.

Anytime you can add money to a secured card is always a plus for higher limits from lenders when they see your CR they may match but that all depends on how the card reports 

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
New Contributor
thecentury303
Posts: 70
Registered: ‎04-07-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

You and I have almost the same credit profile.

 

It might be worthwhile to check my credit cards journey :smileyhappy:

Capital One Cash Rewards for New Comer: $1,500 (09/12), Local Credit Union: $1,500 (10/12), Chase Freedom: $1,500 (04/13), Discover IT: $2,100 (04/13), AMEX Gold Charge Card: NPSL (06/13), AMEX BCE: $6,000 (06/13), Chase United Explorer: $6,000 (10/13), Chase Ink Cash: $3,000 (10/13), Barclays Arrival Platinum: $3,000 (10/13), US Bank Flexperk Travel Rewards: $5,000 (01/14), Capital One Venture: $5,000 (01/14), Citi AA World MC: $6,500 (01/14),Citi AA Executive World Elite MC: $5,000 (01/14)
Frequent Contributor
Dubious
Posts: 271
Registered: ‎02-10-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

If you add money to your secured card to lower util you will still be at 44% util which is too high. You would be better off paying off the balance, imo. 

 

If you can pay off the balance AND add money to up the limit, then that would be the best.

Frequent Contributor
Dubious
Posts: 271
Registered: ‎02-10-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

Also, don't worry about quizzle and credit sesame scores. Those are pretty useless, and you are the only one who will ever see them (except us myficoers, of course :smileytongue:)

Regular Contributor
kaskuli
Posts: 180
Registered: ‎04-25-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

What if I send a copy of all my deposits into my checking account, over the last 12 months, verified by the manager of my bank branch. Around $70K, would that help?

 

What cards do I want? The cards that everybody wants...hehe


Scores: EQ-752 7/23/2014//// EX-751 7/09/2014 //// TU-754 7/21/2014
$22500 Amex BCP / $7000 Chase Freedom / $2500 Discover It / $2500 Amazon / $2000 Paypal Extras / $1700 Wells Fargo

Regular Contributor
kaskuli
Posts: 180
Registered: ‎04-25-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

Thanks, I'll pay off the balance, add to the limit and just use my debit instead.

 

Wells Fargo told me they'd be graduating me to unsecured in September though.


Scores: EQ-752 7/23/2014//// EX-751 7/09/2014 //// TU-754 7/21/2014
$22500 Amex BCP / $7000 Chase Freedom / $2500 Discover It / $2500 Amazon / $2000 Paypal Extras / $1700 Wells Fargo

Moderator
09Lexie
Posts: 24,583
Registered: ‎09-13-2012

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

I'm, not sure what bank deposits would prove. What are you going to put down for employment? Also, some cc's require US residency-enharu is the expert in that territory.
Frequent Contributor
Dubious
Posts: 271
Registered: ‎02-10-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

You can use your card, but try to only let 10% util report. 

 

And thats great about them unsecuring your card! 

Community Leader
Senior Contributor
myjourney
Posts: 25,277
Registered: ‎02-07-2013

Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments


kaskuli wrote:

What if I send a copy of all my deposits into my checking account, over the last 12 months, verified by the manager of my bank branch. Around $70K, would that help?

 

What cards do I want? The cards that everybody wants...hehe

Your accounts will not come into play if you cant get through the approval process...and the cards that work for me may not work for you.. Not being rude but before applying for any cards know what you want and why it works for you  
We see a lot of people apply for cards because everyone else wants them only to find out later they don't know how to use them... the rewards don't pay off for them and they're stuck with an AF.
I would suggest you do a little research on what suits your lifestyle and start there. IMHO

 

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13

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