07-16-2013 02:00 PM
See...honesty is the best quality....good for you....
07-16-2013 03:36 PM - edited 07-16-2013 03:41 PM
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.
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.
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.
07-17-2013 09:26 AM
Also approved for Amazon store card $600.
Off to the garden I go.
07-18-2013 12:43 AM
Creditkarma shows a drop from 682 to 664. All three pulled Transunion...
07-18-2013 12:48 AM
07-18-2013 01:05 AM
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.
07-18-2013 08:02 AM
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?
07-18-2013 08:15 AM
07-18-2013 08:20 AM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.