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Established Contributor
JonStur
Posts: 905
Registered: ‎12-25-2010
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

See...honesty is the best quality....good for you....


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
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Valued Contributor
takeshi74
Posts: 3,229
Registered: ‎06-05-2013
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

[ Edited ]

kaskuli wrote:

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


A card is just a card. It does not make one a better or worse person.

 


kaskuli wrote:

I think companies should look look at my disposable income and drool, instead of worrying about how much utilization I have. If it was 15K ~ 20K I'd understand, but 1.5K - 2.5K limit isn't really that risky.


They use utilization, among other criteria, for good reason.  As you yourself stated, income != responsiblity.

 

Additionally, you're not any lender's only customer.  1.5K - 2.5K multiplied by thousands or even millions is risky.

 


kaskuli wrote:

Anyway, I'll pay everything off and start walking around with bags of cash. This is the world we live in I guess, where we have to play these silly games.


You definitely won't build credit with that approach.  Do whatever works for you.

Regular Contributor
kaskuli
Posts: 191
Registered: ‎04-25-2013
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

Also approved for Amazon store card $600.

 

Off to the garden I go.

$22500 Amex BCP / $12000 Chase Sapphire Preferred / $7500 Barclays Arrival+ / $7500 FIA Amex / $7000 Chase Freedom / $2500 Discover It
Regular Contributor
kaskuli
Posts: 191
Registered: ‎04-25-2013
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

Creditkarma shows a drop from 682 to 664. All three pulled Transunion...

$22500 Amex BCP / $12000 Chase Sapphire Preferred / $7500 Barclays Arrival+ / $7500 FIA Amex / $7000 Chase Freedom / $2500 Discover It
Moderator
09Lexie
Posts: 26,603
Registered: ‎09-13-2012
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments

Unfortunately, you'll experience another ding when they report. Good news is, they will rebound.
Regular Contributor
kaskuli
Posts: 191
Registered: ‎04-25-2013
0

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

Yeah ... they prob pulled others too ...

 

Trying to figure out which card I'll use for what.

 

Leaning towards Discover for Gas & Groceries,

                           Wells Fargo for 0% utilization until it becomes unsecured, then probably the odd

                           Amex   ??? Don't know... I want to eventually get a BCE, so I have to figure out what type of spending pattern will improve those odds

                           Amazon for school stuff, maybe the odd subscribe and save item

 

Everything < 30% Until 5/16/2014

 

I'll try CLI's in 6 months, and maybe Care Credit & that's that.

$22500 Amex BCP / $12000 Chase Sapphire Preferred / $7500 Barclays Arrival+ / $7500 FIA Amex / $7000 Chase Freedom / $2500 Discover It
Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
0

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

Congrats and welcome to the Discover family

Established Contributor
kroberts67
Posts: 833
Registered: ‎03-04-2013
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Re: 9 months AAoA, High (80%) Utilization, 100% On Time Payments


kaskuli wrote:

Spoke to my bank manager about being a non-permanent U.S. resident. She lol'ed. Asked when my expected graduation date was, I said 12/2014. Then she asked if there was anything else, I said no. Asked if I was interested in some other savings account yadda yadda yadda ( the stuff they try to sell you all the time ) .. then reminded me I would be switching to Wells Fargo Unsecured in one month...

 

 

When I got home, I opened the mailbox.

 

ANOTHER Discover It "Pre-Approved" letter. Third one in two months ...*sigh*

 

I decided to apply, and website was experiencing technical difficulties so I had to chat with a rep ... she asked for my name, phone no and last 4 of my ssn...

 

APPROVED! $2500 ( I was expecting maybe $800~$1000 )

 

GOD BLESS AMERICA

 

These people aren't stupid ( CC companies ), they probably know more about you than you know about yourself. High utilization, short history whatever ... there are ways to identify people who know how to manage their finances. I don't plan on using this card for anything but gas right now, but that limit will do wonders for my utilization going forward.

 

Beyond 2014, I don't know if I have a future in this country, but while I'm here I am going to behave like a responsible citizen and keep my file squeaky clean.

 

She said it would be up to 5 business days. If anyone wants juicy details, it's gonna be a while.

 

=========================================================================================================================================

 

Then I called Amex Green "Just to Ask" if it was okay for me to enter Student - "Unemployed" on the application, they said yes, because they looked at MAAAAAAAAANY factors.  After a loooooong conversation, I was APPROVED. Honesty... always so bloody efficient eh?

 

This is what I was originally after. 1 charge card to manage small recurring expenses, and a cash back card with a decent limit and decent rewards based on my spending patterns.

 


OP:  Congrats.  Was it the Student Discover it or regular Discover it?

 

Does Discover usually let UT like that fly?



FICO: EQ 722 | TU 723 | EX 718
SFFCU Visa $11.3k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $13.5k, Cap1 $4k, Freedom $5k, Slate $3.2k, Barclays SM $5k.

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Regular Contributor
kaskuli
Posts: 191
Registered: ‎04-25-2013
0

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

I applied for Discover It, but indicated I was a full time student. I haven't seen a lot of approvals with high uti but that was like the third invitation I received from them.
$22500 Amex BCP / $12000 Chase Sapphire Preferred / $7500 Barclays Arrival+ / $7500 FIA Amex / $7000 Chase Freedom / $2500 Discover It
Established Contributor
kroberts67
Posts: 833
Registered: ‎03-04-2013
0

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


kaskuli wrote:
I applied for Discover It, but indicated I was a full time student. I haven't seen a lot of approvals with high uti but that was like the third invitation I received from them.

I wondered because I thought Discover pulls EQ (and sometimes TU additionally).  I think the Discover for students pulls TU only, so I was thinking it was the student card with possibly different qualifications re UT etc.  Maybe.  But if you were getting regular Disc IT pre-apps, then well, ya got me.  



FICO: EQ 722 | TU 723 | EX 718
SFFCU Visa $11.3k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $13.5k, Cap1 $4k, Freedom $5k, Slate $3.2k, Barclays SM $5k.

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