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Applying

Established Contributor

Applying

I am 3 months removed from my BK, and I have 3 open revolvs.  2 cap 1 cards that have been reporting for 3 months now, and soon to be on there will be Merrick Bank.  I really only wanted 4 CC'ds as I really don't use them but for gas a month and then PIF.  My CC Util is 6%.  I really want Wally world and Barclays to round out the CC.  Obviously that will give me a total of 5, but thats all I want and therefore will be done appin'g.  I tried for Wally World 1 month post discharge and they told me no because of BK, and I super figured that.  At that time I had 0 open revolvs and TU FICO was 558.  I now have the 2 (soon to be 3 on my CR) that will have been reporting for 3 months and a new one in MB, and my TU FICO is now 602 with a few less baddies on there from when I applied in mid-late March.  When do you all think I should apply for the WM and Barclays to round out my Credit Revolv?  Thank Yall!

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 1 of 12
11 REPLIES
New Member

Re: Applying


Deltadog03 wrote:

I am 3 months removed from my BK, and I have 3 open revolvs.  2 cap 1 cards that have been reporting for 3 months now, and soon to be on there will be Merrick Bank.  I really only wanted 4 CC'ds as I really don't use them but for gas a month and then PIF.  My CC Util is 6%.  I really want Wally world and Barclays to round out the CC.  Obviously that will give me a total of 5, but thats all I want and therefore will be done appin'g.  I tried for Wally World 1 month post discharge and they told me no because of BK, and I super figured that.  At that time I had 0 open revolvs and TU FICO was 558.  I now have the 2 (soon to be 3 on my CR) that will have been reporting for 3 months and a new one in MB, and my TU FICO is now 602 with a few less baddies on there from when I applied in mid-late March.  When do you all think I should apply for the WM and Barclays to round out my Credit Revolv?  Thank Yall!


3 months out is really soon IMO to be applying for a wally or anything Barclay.. i would take the cards you have and garden them.. use them wisely.. make your payments and let your score continue to grow.. if i were you.. i would go 1 full year with no apps and all garden! Especially if you dont need the wally and barcaly which you said you dont.. I know its hard but get in the garden and relax. Let your current cards grow and you'll be happy you waited Smiley Happy

Message 2 of 12
Established Contributor

Re: Applying

Barclays is unlikely with the BK. Not sure why you would want a Walmart card. Even the free fico is less than enticing. If you want a store card, I always recommend the amazon card.


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Message 3 of 12
Frequent Contributor

Re: Applying

Barclays won't like all the new credit until about the 6 month mark, especially with a BK. What Barclays did you want specifically? Personally I think you should wait a year to 18 months before getting any more cards. Rebuilding is a slow process and you will take even longer to get your desired cards if you keep applying to early. 



|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Message 4 of 12
New Member

Re: Applying


NJTurnpike wrote:

Barclays is unlikely with the BK. Not sure why you would want a Walmart card. Even the free fico is less than enticing. If you want a store card, I always recommend the amazon card.


True about the wally card.. the only real good benefit to having it is that you get your Free TU Fico score once a month on a random date that will cause you to pull out your hair in frustration because it wont update.. Smiley Very Happy

Message 5 of 12
Established Contributor

Re: Applying

in my opinion, scores are really much less important than what;s on your report. I'd rather know exactly what balances reported, what accounts closed, opened, who's SP'd and HP'd me and the dates, etc.

 

That inormaiton is infinitely more important than a score calculated by one of fifty different variations of the FICO scoring system.

 

This is why I don't really think cards that offer free scores and nothing else are really worth it.


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Message 6 of 12
Established Contributor

Re: Applying

Thank You everyone!  I am not sure about which one of the Barclay flavors yet.  The WM would be to use for like food/gas purchases and the to have the TU FICO would be a bonus.  Unless it never updates again. heheh  j/k   I plan on waiting to app, but felt like maybe it would be better to have it done all at once and take a bigger AAoA (which is 7.5 years) all at once insted of spread out.  I really thank yall for the advice!  I have heard Barclays wants 6 months out.  I might just say forget it for now and just focus on the 3 cards and let them all grow, and maybe sometime next year worry about the other 2....

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 7 of 12
Moderator Emerita

Re: Applying

Message 8 of 12
Established Contributor

Re: Applying

It does Lexie!  See ya there!

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 9 of 12
Super Contributor

Re: Applying


Deltadog03 wrote:

It does Lexie!  See ya there!


Good advice given and decision Deltadog to garden you're really close to the Wally range but I would give it a couple more months of gardening and it should be within reach.

Barclay IMO wait another 6 months so that INQ's and the cards you have now age a bit.

Good luck and see you in the garden

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 10 of 12