Credit Card Center Advertiser Disclosure†
03-08-2011 06:47 PM
Will that mean approval?
I carry the following with $0 balances on all:
Orchard, unsecured - $320
First Primevil, unsecured - $500 (dumping in June before annual fee)
Cap One, unsecured - $500
CL at CU, unsecured - $600 (ready cash for OD protection)
03-08-2011 07:12 PM
I shop at BBY a lot. Also, I will be dumping FP in June so I was thinking I should replace.
Does prequal = approval though with them?
Or I could take the BBY and dump Orchard? Get the perks of BBY? or is it not worth it?
Only store card I would be remotely interested in is Nordtrom... and I doubt I am qualified yet for that.
03-08-2011 07:16 PM
Pre-qualify never means approval. Only that you met some of the basic criteria their marketing department saw as a fit. Nothing to do with their credit department who does the actual evaluation for approval.
03-08-2011 08:12 PM
Yeah if you did the online pre approval and you were already approved for all those other cards it's almost impossible not get approved for this card. Minus the hit in AAofA, if you shop at BB alot like you said I'd go ahead and get it if you really want it but expect a LOW credit limit in the area of $100, $300, or $500 unless you have a great credit. Also see if you're prequalified for the gold or platinum to estimate cl.
03-09-2011 02:44 AM - edited 03-09-2011 02:45 AM
Naaaaah, their current score is 588 and the 3 cards they have are all low-limit subs (sub-prime), so I wouldn't advise them to stay on the road to low-limits. Just let it grow a while because purchases at BB with a $100-200 limit will pretty much max you out instantly.
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.