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04-03-2009 09:55 AM
I was worried quite a bit about loosing my only credit card (yes I know I need more) when Circuit City went out of business.
But just got a letter from Chase saying the card will automatically switch over to a Best Buy Chase card without any action by me and I get to keep all history and credit limit.
Man I was worried, that is why I never paid off the 123.00 balance off and kept paying the min. just to keep card open as long as I could.
04-03-2009 10:23 AM
Hi there and Congratulations on the product change...I know others have worried about what would happen to their Circuit City cards.
You didn't ask for advice and I hope you won't be upset when I say that, yes, you need other cards. I've read other threads where you discussed the fact that your reports never increase from there 660-680ish range. I really think this may be your problem. Another cc or two might be exactly what you need to carry you over 700.
BTW...as soon as Chase took over for Wamu I went on app spree and received 3 new cards better than any of the others I already had. Thinking of Chase holding so much control over my credit totally scared me.
04-03-2009 10:29 AM
I can always take advice.
I know I need another one and think I can get approved but was waiting for at least 700 with somebody. But now that you mention it I have been at this range for a YEAR.
But I am scared as heck to get turned down due to past issues back in 2003 with 1 60 day late with the Chase card. And credit card companies hate 60 days late no matter how long ago.
Trans = 689
Equifax = 673
Exp = 683
04-03-2009 11:11 AM
Since the 60 day late is so old and you still do business with Chase have you tried GW to have it removed?
I understand being a bit afraid to apply, but I've seen people here getting approved for cards with MUCH worse on their credit reports. I know that I was approved when my BK was newer than your 6 yr. old 60 day late.
I truly believe that what will hurt you most when applying now will be the lack of revolving credit reporting and not the 60 day late.
04-03-2009 02:37 PM
Circuit City to Best Buy???
Best Buy credit cards are backed by Household Bank, how is Chase issuing one?
This is happening and being discussed in another thread here.