08-16-2012 05:17 PM
08-16-2012 05:21 PM
08-16-2012 05:59 PM
NICE! I'm starting to want that Chase United card... it has a LOT of perks! :-)
08-16-2012 06:28 PM
Amex wouldn't give you a Zync but Chase approved you for $9,600????!!!!! That's insane? I was thinking about apping for the United card, what was credit profile like when you applied? Would you mind sharing the reasons they denied you nitially?
08-16-2012 08:18 PM
08-17-2012 08:13 AM
my credit profile was ok I had no prime cards only the orchard bank and a couple of capital one cards my EQ fico when approved was only 630. They just asked me a bunch of financial questions on the recon and asked that I fax in a copy of my pay stub. I faxed it as asked called back to the number of the analyst and almost fell over when he said they would do 9600. I used to have excelent credit in 01 but I go over exteneded had alot of cards closed but I did pay them all so he asked me alot of questions about my previous chase accounts.
Actually chase didnt deny me they said more review was nescessary. With AMEX I believe it is going to be because of my previous accounts with them that they were closed by the issuer. I have heard they hold stuff like that against you forever.
08-17-2012 08:16 AM
You got some great cards with good limits. I would probably close Orchard right before the AF hits.
08-17-2012 08:17 AM
I really dont think I want to close it because my AAoA will take a huge hit I already closed 5 subprime cards
08-17-2012 08:23 AM - edited 08-17-2012 08:24 AM
Closing a CC (credit cards) does not lower your FICO scores in and of itself. When deciding to close a CC there are two important things to consider. In the short-term, closing a CC can have an adverse affect on your UTIL percentage calculations and this in itself can definitely lower your scores. In the long-term, a closed CC in good standing (nothing derogatory reporting) with a $0 balance will generally be deleted from your CRs (credit reports) after 10 years. Once this account is deleted, you lose the history and age and this might lower your scores.
Closing it will not affect you AAOA until it drops from your reports (10 years from now). AAOA is calculated on all accounts on your report, NOT JUST OPEN ACCOUNTS. Because you added so many accounts in such a short time, your AAOA will go down now (in the short term), but all your accounts will age together, so as time goes on, your scores will rise, and all the INQ's will fall off at the same time as well.
08-17-2012 08:25 AM
great information I definately see the orchard gettin the axe before the AF hits. I havent used it in almost 2 months anyway now that I have much better options.