06-13-2009 12:44 PM
I'm in shock. I just started trying to clean up my credit & was approved just last month for 2 CC from NFCU. (they absolutely ROCK!)
Anyway, was at Sears buying some stuff DH conned (I mean convinced) me into thinking he had to have. The cashier asked if I wanted to apply so I would save $15 on my purchase. I almost said no but said sure why not. Was turned down initially for Sears Mastercard (through Citibank) but was offered Sears Mastercard (through HSBC). No annual fee & the interest rate was only a little higher. Only a $300 CL but hey this is really my first "approval" on a long time for a card. I'm not sure who they pulled but only my EQ is half-way decent at 623 FICO.
I definately recommend app in the store as I've been turned down for various other store cards recently. Also have been turned down by HSBC recently.
06-20-2009 07:27 PM
Thanks everyone for the congrats. So now someone explain this to me. Last week when I app in store I was denied the initial Sears gold MC (by Citibank) but they counter-offered the Sears Solutions (by HSBC) with no AF, but only $300 limit which I took.
Anyway was conned (um convinced) once again by my DH to run to Sears & pick up a few things in their sale flyer. Well it just so happens my new Sears Solutions MC had just arrived in the email & came with a coupon for $10 off $50 purchase. Well got to Sears & several things were out of stock. So looking at comparable items, which were of course more expensive, I commented that my CL was only $300 & I didn't want to max it out. The salesmen said sometimes they can get it increased if I've had the card at least 6 weeks & made my 1st payment. None of which were the case.
So anyway after an hour of looking at stuff (& talking to DH via cell phone while he looked up models etc online) the salesman said something about running my credit for a Sears Plus CC (backed by Citibank) & I'm like no they just denied me last week. He said this was a different CC. I app & was approved for $1,800 instantly! Makes no sense to me but I'm happy. I'm a little confused about which card this is exactly. So Sears offers a Gold MC (via Citibank), Solutions MC (via HSBC), & then a Plus Card (via Citibank)??
I'm a little worried about the hit on my AAofA. This is my 4th new account in the last month. I checked my AAofA after opening the other Sears account last week & it was still around 5 years which isn't too bad. Also is there any point to having the 2 different Sears CC? Should I cancel the little $300 HSBC backed one?? Or just PIF the only purchase I made on it & sock drawer it??? (with the occasional purchase from time to time)
This gives me 4 positive revolving TL added in the last month. (I had none previously) The extra $1,800 I'm sure is doing wonders for my utilization.
Also any input on if this will mess up any chance I have of re-fi my car loan?? Should I hold off another month or two before I apply for that so they can see I'm handling my new CC & making payments on them.
So apparently Sears loves me as well as NFCU!