Calling Every Jobless Credit Card Holder

vayub4 · ‎02-05-2014

I would learn to learn from others in the same boat as me. I am currently jobless and have 4 credit cards and 3 stores cards.... I am going to list my cards, feel free to do the same. Ask questions and offer advice when you can

BOA AmeriCard****** $500(First CC, was opened mid 2011 as a secured card with $500 limit.. Just got back the deposit about three months ago)

Amazon Chase*******$1500

CapitalOne Journey**$1500

Discover It************$750

Store Cards

JCP******************$1000

Macys****************$1000

Old Navy**************$450

I got the chase, discover and CapOne on the same day which was March last year. I have requested for CLI for both CapOne and Discover and was turned down without inquiries. Chase and BOA insist they would have to run full inquiries. I have 8 inquiries on TransUnion, I am waiting for 3 to fall off before I apply for any more cards.

Discover IT $25,500 Chase Freedom $14,500 CapOne QuickSilver $10,000 Walmart Mastercard $10,000 PayPal Xtras Mastercard $10,000 JCP $7,500 BOA Cash Rewards $6,900 OldNavy Visa $5,000 BarclayCard $3,700 Macys $3,500 HH Gregg $3,500 BestBuy $2,000 Last APP June/2016(useless rental apartment)Inquiries: Trans/7 Exp/16 Eqi/27
(1 Car Loan @2.74%)

enharu · ‎02-05-2014

So do you have any income currently?

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

vayub4 · ‎02-05-2014

No

Discover IT $25,500 Chase Freedom $14,500 CapOne QuickSilver $10,000 Walmart Mastercard $10,000 PayPal Xtras Mastercard $10,000 JCP $7,500 BOA Cash Rewards $6,900 OldNavy Visa $5,000 BarclayCard $3,700 Macys $3,500 HH Gregg $3,500 BestBuy $2,000 Last APP June/2016(useless rental apartment)Inquiries: Trans/7 Exp/16 Eqi/27
(1 Car Loan @2.74%)

PattyP · ‎02-05-2014

I am no expert but maybe you should sit tight until you get a job. Garden, maybe?

Vegas247 · ‎02-06-2014

I'm no expert, but here is my advice....don't use any card and get a job ASAP!

$600

Barclaycard® Rewards MasterCard® - Average Credit

$6500

Blue Cash Everyday® Card from American Express

$30k

16k

12k VSiggy

enharu · ‎02-06-2014

What are you reporting as your income in your credit apps and CLI request?

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

knhorn · ‎02-06-2014

My two cents would be to not destroy your credit because of unemployment. If you can pay the bills while jobless, charge away. If you can not however, and dig yourself deeper into a hole each month, stop right now. It is not worth it to ruin your credit.

Capital One Quicksilver Rewards 05/2011 $6250

American Express Blue Cash Everyday 04/2013 $12000

Union Bank Maximum Rewards 04/2013 $3800

U.S. Bank Cash+ Visa Signature 04/2013 $10000

BankAmericard Cash Rewards Visa Signature 11/2013 $6000

Capital One Quicksilver Rewards Visa Signature 08/2014 $11500

Fidelity Investment Rewards American Express 08/2014 $5000

American Express Everyday 01/2015 (04/2013 Backdate) $2000

Citi ThankYou Premier WEMC 04/2015 $7100

vayub4 · ‎02-06-2014

As at when I got the BOA secured card I had a Job.... So I reported what I earned which was almost nothing. As for Other cars I report between 12 and 17k...

I have these cards does not mean I go about stunting... I spend only what I can afford,never missed a payment ever! I buy and sell phone off of craigslist and ebay sometimes. I don't always pay all my Balance at the end of the month but as of now my debt is only at about 200 which I can pay off but don't want to so as to keep my utilization running.

Not every jobless person is foolish. I want more cards to make life easier in the future, not to go on a spending spree...

I intend to apply for 2 chase cards within the next three months when 2 inquiries drop off....

Discover IT $25,500 Chase Freedom $14,500 CapOne QuickSilver $10,000 Walmart Mastercard $10,000 PayPal Xtras Mastercard $10,000 JCP $7,500 BOA Cash Rewards $6,900 OldNavy Visa $5,000 BarclayCard $3,700 Macys $3,500 HH Gregg $3,500 BestBuy $2,000 Last APP June/2016(useless rental apartment)Inquiries: Trans/7 Exp/16 Eqi/27
(1 Car Loan @2.74%)

JGuz649 · ‎02-06-2014

But you aren't making 17k a year.....the best way to help your future is to use those cards sparingly. This will age your accounts and show established credit history, which is easily accomplished with the amount of cards you have now.

If you wait until you have a job you can then get approved for better credit cards with higher limits and rewards! It would be worth the wait in my opinion and best of luck with whatever you choose to do.

Chase 17k - CSP/ IHG/ Hyatt || JP Morgan Ritz-Carlton 5k || AMEX 3.3k - SPG || Barclay 5k - US Airways/NFL || BoA 16k - Alaska Airlines || Citi - Best Buy 2k. EX 732

Now happily in the garden

BRlaw · ‎02-06-2014

Don't lie on a CC app it can be used against you for bankruptcy, divorce etc. proceedings...

Discover IT $1000 - TJX MC $3750 - Walmart $950 - Citi AAdvantage $2000/NPSL - Macy's $1000 - Wells Fargo College $1000
Jcrew $1300 - Overstock $7000 - Chase Freedom $3500