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

Established Contributor

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
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 31 of 42
Senior Contributor

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


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.

Message 32 of 42
Regular Contributor

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

Also approved for Amazon store card $600.

 

Off to the garden I go.

$26500 Amex EDP / $20000 Merrill+ / $12000 Chase Sapphire Preferred / $12000 Chase British Airways / $7500 Barclays Arrival+ / $7500 FIA Amex / $7500 Paypal Extras MC / $7000 Chase Freedom / $3500 Discover It
Message 33 of 42
Regular Contributor

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

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

$26500 Amex EDP / $20000 Merrill+ / $12000 Chase Sapphire Preferred / $12000 Chase British Airways / $7500 Barclays Arrival+ / $7500 FIA Amex / $7500 Paypal Extras MC / $7000 Chase Freedom / $3500 Discover It
Message 34 of 42
Moderator Emerita

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.
Message 35 of 42
Regular Contributor

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.

$26500 Amex EDP / $20000 Merrill+ / $12000 Chase Sapphire Preferred / $12000 Chase British Airways / $7500 Barclays Arrival+ / $7500 FIA Amex / $7500 Paypal Extras MC / $7000 Chase Freedom / $3500 Discover It
Message 36 of 42
Senior Contributor

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

Congrats and welcome to the Discover family

Message 37 of 42
Established Contributor

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 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 38 of 42
Regular Contributor

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.
$26500 Amex EDP / $20000 Merrill+ / $12000 Chase Sapphire Preferred / $12000 Chase British Airways / $7500 Barclays Arrival+ / $7500 FIA Amex / $7500 Paypal Extras MC / $7000 Chase Freedom / $3500 Discover It
Message 39 of 42
Established Contributor

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 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 40 of 42