10-06-2012 11:14 PM
Congrats!!! What is your income if you don't mind me asking?
10-07-2012 12:03 AM
Hey, Thanks! My Previous Cards and their respective app dates [month/year] are: Bank of America Amex (8/10), Capital 1 (8/10), Discover More (8/11), Amex BCE (8/11), Chase Freedom(2/12) & a Citi Dividend card(2/12). Most of them are less than a year old. I have only received a CLI on the BoA ($2,500>$5K) and the Cit ($4K>$5.2K). I have 13 inquiries (for the 12 cards I have). I was really shocked that Chase extended me with so much credit, I will treat them well. The funny thing is, last month my score was higher until my Citi posted an Apple purchase which gave me 70% utility on that card. My score went back up this month but not to the exact status. I am ecstatic with all my approvals. I know you are looking for sign up bonuses as well. When I looked for the new cards, I wanted to make sure they would primarily serve as life long cards. It doesn't hurt that they have amazing bonuses. I am going to Paris/Rome for spring break next year, and the sign up bonuses alone are paying for my hotel stay for 10 days at luxury hotels so I am very happy to say the least!
Thanks for all the info. I think I am going on an app spree in December. I will see if anyone other than US Bank wants my business. I'm up to almost 70,000 in flexpoints from the flexperks program. I think I will go the same route as you did with the hotel cards. I will use the flexpoints for airfare and probably HHonors for free nights.
Your post is very encouraging for young people, great credit cards aren't entirely out of the question.
It might be helpful to know your income, maybe that is effecting how much credit they are giving you. I am only around $50k so with new credit they are still being a bit hesitant about giving me more credit.
Thanks again, and have patients in the garden.
10-07-2012 12:10 AM - edited 10-07-2012 12:14 AM
@Dustink: What cards do you currently have and what are their CL? I don't think it's my income as I am a student (I have decent income, albeit less than what you posted). I have been careful with my cards using them as tools and not as magical purchasing agents lol. I think that is why I have been extended so much credit.
P.S. 50K income @ 21 years of age is really impressive. Are you still in school?
10-07-2012 12:12 AM
Turned 21 in july here.
im not apping for hilton honors or anything but.
recently promoted and got a big bump in pay. a year ago i was making under 15k a year to now full time 34k not including 60k bonuses cap. (if i meet all my goals)
my aaoa is now 8 months. oldest card being 2 years this month.
10 Accounts Reporting 0 Student Debt. 9 Revolvers 1 Auto Loan.
All Payments On Time No Baddies Just inq.
CL range from 400(2 store cards) to 3500. in the next year or too i plan on being able to qualify for some 5k+ cards.
scores as of this moment are in my sig.
your not the only young one thinking about their future. We are out there! lol
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
10-07-2012 12:14 AM - edited 10-07-2012 12:14 AM
(From an old guy) You kids give me hope for the future
10-07-2012 12:21 AM - edited 10-07-2012 12:26 AM
@ CreditChamp: Even though no one here knows me on a personal level, I don't feel 100% comfortable posting my income. I'm still a student taking ~ 18 credits per semester, so I try to balance school & work the best I can. I can tell you though that I make less than what has been posted so far on this specific thread. I am careful using my cards and never use cash, so all my purchases go through my CC's.
@Creditnocash: I didn't mean to offend any one in this forum. I definately don't think I'm above anyone, or that I am alone in the goals I have. I am inspired by many youngsters that have done great things with their credit. I just wanted to tell my story and thank the people who have been helpful.
P.S. Nice bump in the income, congrats! Are you still a student? If all you guys that posted income are students, you guys have my highest respects having a full time job + being a student.
10-07-2012 12:35 AM - edited 10-07-2012 12:38 AM
@Elcid89: Thanks, I hope to get the CL you have one day
Keep doing what you are doing and you will. My first credit card was in 1975. They gave me $100 (LOL). Huge oak trees grow from tiny acorns if you treat them right.
10-07-2012 12:39 AM - edited 10-07-2012 12:52 AM
US Bank College Visa 05/2011 $300 limit 6 months later $2500 limit...Then I line swapped some later because I don't us it and it is at a $500 limit now.
US Bank Select Rewards 03/2012 $3500 limit then stopped using is and line swapped it to a $1000 limit
Capital One Journey Card 03/12 $1000 currently $1500 due to credit steps
Best Buy Card 03/12 $1200 limit, called for increase a few months after app. Current credit limit $3000
Bill me later line of credit. Not reported to agencies, but cost a HP. $1400 limit
US Bank Visa Signature 06/2012 $5000 limit, pretty soft limit though....$4500 of that limit came from my other US Bank cards, so I was only given $500 in new credit
I don't have much for proof of income, so I am actually surprised I got cards under the age of 21 at all. I got my AA degree at age 17, but I never finished up my BA. I am working as an in home tutor for middle school kids, but it's pretty slow right now. Since I bank with US Bank, they see my spending and payment habits. So they were very generous at the start. They are starting to ease up on the amount of new credit they are extending me. They are telling me that towards the end of this year or at the start of next. They will be ready to give me some increases. I might try to upgrade my select rewards or college visa to a Cash+ card.
PS: No matter how much I make, it seems to go so fast. Just spent $5.19 per gallon on gas today. The harder I work and more I earn (although those two things aren't necessarily related) the faster I spend money.
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.