Hi- I'll try to be as detailed but brief as possible. This board helped me figured I could pass on info to help someone else.
So on Saturday I decided to apply for some credit cards to boost my credit I make good money but only only had 2 cc's and a 8mo installment loan on my report so here are the results of my small app spree:
My credit:
Income: 156k
Credit cards: Capital one (formerly hsbc) CL 800 opened 4/09 balance zero, discover cl 1000 balance 330(closed by dc due to a bounced payment back in 2011 someone stole my debit card and I switch checking accts while their payment was processing since it was for almost the whole balance they closed card w/o telling me before I even knew it bounced. I stupidly listened to financial advisor at my bank who suggested not paying it off but making monthly payments to build payment history)
Loans: 1 auto thru bofa opened 1/13 paid half cash for car financed other 30k
No late payments or collections.
1 tax lien for state taxes from 07 (missed a tax bill in the mail under $200 was put on and paid the same month should fall off somewhere between January and march 14)
My scores form equifax credit monitoring were 711 EQ 699 EX 700TU pulled right before apps....
RESULTS:
1st Chase Freedom: Got 7-10 day message called recon they were closed had to call back Monday. Called Monday morning asked a few questions got approved for 2k cl.
2nd Amex blue cash rewards: got 7-10 day message called recon answered a few questions approved right away 2k cl (actually was first approval out of bunch)
3rd B of A cash rewards: got 30 days message called recon number on Monday got asked about why I still had balance with discover being that it was closed.. Approved for 1.5k cl
Barclays nfl: got 7-10 days notice, clicked out and went back to check app status and said denied called recon Monday they said it was denied due to too few accounts asked about discover also and asked to pull another bureau they pulled TU and wanted to now pull EX I allowed them and they denied me bc of too many inquiries. Bummed about the extra inquiry for nothing not sure if I should recon again
CApital one: got instant denial, called executive office Monday and was told bc I had too few accounts and account not being utilized enough then said too many inquires. So I explained that I am an existing cardholder who tried to get cli and was denied bc my card is a cap one bought from hsbc and they said I couldn't get a cli during the transition. Also you can't get new accounts w/o inquiries and I did apply for 4 cards the same day but only bc the first two were denied and that I'd never have enough accounts if I keep being denied due to not having enough accounts. Lady said she'd forward info to underwriters. I forgot all about it actually and then last night go a call I am approved and with the largest of all the cl's 3500!!!!!
Not sure if I should recon barclays or leave it alone maybe you guys have input. I will do a 3xcli on my amex at 61 days then after that no more for probably a year or so. I have between 3-5 inq's on my reports don't want to cause any harm or risk potential denials.
Strangely b of a sent a letter with my fico score even tho I am approved so my actual scores on the app dates were 699EQ, 690EX, 701TU although I think those scores were after a few inquiries.
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
