Credit Cards

[jaybird201]

Just applied for the J.CrewCard from World Financial Network National Bank, the GAPCard from GEMB and the SunocoCard from Citibank. Approved for all three, and they've reported for about a month now.

Also, when I pulled my scores, my utilization was through the roof (20% as compared the usual 5%) due to AmEx reporting a $2k plane ticket I bought a couple of months ago). So my score should have been lower than my more recent score of 709.

I just checked my EX and my score and it's up almost 30 points?

Any thoughts on whether or not this was due to my new mix of credit?

[cheddar]

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jaybird201 wrote:

Just applied for the J.CrewCard from World Financial Network National Bank, the GAPCard from GEMB and the SunocoCard from Citibank. Approved for all three, and they've reported for about a month now.

Also, when I pulled my scores, my utilization was through the roof (20% as compared the usual 5%) due to AmEx reporting a $2k plane ticket I bought a couple of months ago). So my score should have been lower than my more recent score of 709.

I just checked my EX and my score and it's up almost 30 points?

Any thoughts on whether or not this was due to my new mix of credit?

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What mix?  All the accounts you mentioned are revolving accounts.

If you're referring to the gas/store card mix, I really doubt that's worth 30 points.  5-10 at the most.

Message Edited by cheddar on 08-04-2008 06:12 AM

[FretlessMayhem]

It could be due to the fact you are letting revolving accounts report balances, as opposed to always reporting 0 balances. That could possibly give you 20 points or so.

[jaybird201]

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FretlessMayhem wrote:
It could be due to the fact you are letting revolving accounts report balances, as opposed to always reporting 0 balances. That could possibly give you 20 points or so.

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I think you might be right. I also had another couple cards in the sock drawer that I pulled out and made some small purchases on to keep them active.