Reply
Member
stefjay
Posts: 8
Registered: ‎11-01-2010
0

App Spree Time..?

Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually :smileyhappy:

 

My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.


Starting Score: MyFico: EQ 622 (3/2012)
Current Score: MyFico : EQ 734 - TU 741 - EX 747 (11/2014)
Goal Score: 750+


Take the FICO Fitness Challenge
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
0

Re: App Spree Time..?

i was approved for a amex bce and green with a ex score of 676 and from what ive read here if you qualify for the green you pretty much qualify for all of them...just go for it. some people say you need history with amex to be a approved for their more prime cards but i didnt have any and was approved..

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
0

Re: App Spree Time..?

If you want the Amex Gold, I think you should just go ahead and go for it.  I think you stand a good chance of approval.  Amex charge cards aren't actually that hard to qualify for.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Epic Contributor
Creditaddict
Posts: 22,067
Registered: ‎10-23-2007
0

Re: App Spree Time..?

with 667 Barclay is good option too.

I would not however call Express or Best Buy Store card Rebuilder Cards!

Express can grow to $2,740.00

Best Buy can go over $30,000!

 

But I agree with Amex Gold, and if instant approval then go for a revolver of choice, won't effect you if not approved.

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: App Spree Time..?

Amex has a link on their site that'll let you see if any pre-approvals exist.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Epic Contributor
Creditaddict
Posts: 22,067
Registered: ‎10-23-2007
0

Re: App Spree Time..?


drkaje wrote:

Amex has a link on their site that'll let you see if any pre-approvals exist.


For Amex they don't really seem to be very good to base your decision on.

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
android01
Posts: 1,227
Registered: ‎09-22-2009
0

Re: App Spree Time..?

[ Edited ]

stefjay wrote:

Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually :smileyhappy:

 

My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.


Why don't you let your history age and apply when your score is over 700?  You'd have a lot more options fior better cards and higher CLs and lower APRs.  What's the rush?  You've been rebuilding for all of seven months now.  

EQ FICO - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14
Member
stefjay
Posts: 8
Registered: ‎11-01-2010
0

Re: App Spree Time..?

[ Edited ]

I've actually recieved two letters in the mail for amex green & gold. I've also done the Amex pre-selector eariler today and it said I was pre-selected for Gold, Green, and Blue.

 

Just trying to get a card that I can actually utilize, no rush :smileyhappy:


Starting Score: MyFico: EQ 622 (3/2012)
Current Score: MyFico : EQ 734 - TU 741 - EX 747 (11/2014)
Goal Score: 750+


Take the FICO Fitness Challenge
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: App Spree Time..?


android01 wrote:

stefjay wrote:

Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually :smileyhappy:

 

My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.


Why don't you let your history age and apply when your score is over 700?  You'd have a lot more options fior better cards and higher CLs and lower APRs.  What's the rush?  You've been rebuilding for all of seven months now.  


+1

 

It's the plan/route I'm taking. 

 

Go here to see where you stand against others (YMMW)

www.whogavemecredit.com

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Valued Contributor
android01
Posts: 1,227
Registered: ‎09-22-2009
0

Re: App Spree Time..?


Repo-ed wrote:

android01 wrote:

stefjay wrote:

Alright So i've been on the road to rebuilding my credit since the beginning of this year. I have one card that I currently use, Cap One (AF) with a $500CL. Other than that I have a BestBuy store card that gets used rarely with a $1000CL,and an Express Store Card with a $250CL that I NEVER used, not even sure why I applied. You can see my currenty score below in my sig. My question is when is it time to start ditching these low CL rebuilder cards and start applying for something a little better that I can actually use and completley abandon my Debit Card? I haven't had a Credit inquiry in over a year.. At this point all my card have a 0 balance, Cap one was paid off this morning actually :smileyhappy:

 

My monthly spending limit is somewhere in the $1000 a month range, depending on if I travel and what not. My ultimate goal is to acquire an Amex Gold and be done with credit however I don't think my credit will get me there yet. I'd just really like to get away from using my debit card altogether.


Why don't you let your history age and apply when your score is over 700?  You'd have a lot more options fior better cards and higher CLs and lower APRs.  What's the rush?  You've been rebuilding for all of seven months now.  


+1

 

It's the plan/route I'm taking. 

 

Go here to see where you stand against others (YMMW)

www.whogavemecredit.com


+1

 

Good plan!  :smileyhappy:

EQ FICO - EQ08 - 850 -10/22/14
TU FICO - TU08 - 850 - 10/22/14
EX FICO - EX08 - 850 - 10/22/14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}