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Discover IT/Sams Club/Walmart...I want.. but can i get?!

Contributor

Discover IT/Sams Club/Walmart...I want.. but can i get?!

Okay ive been on a small credit journey the last 1.5yrs..ive managed to clean up all my debt leaving only 1 pd collections showing on my reports 

i have 7 active trade lines all paid on time No lates starting from 2/2012

 

NFCU Cash rewrds 3k

NFCU Sec 500 CL

NFCU Go Rewards? 1k CL

Orch 400$

Orch 300$

Victoria Secret 250$

ZALES 500$

   

All cards less the victoria secret and Zales carry a balance at about 50% utlization  .... I want to App for Discover IT  and Either a Sams Club or Walmart Card simply for upcomming purchases..Do you think i stand a chance getting either of these cards?

 

TU and EQ are mid 600's 626/ 632


Mortgage ready by 12-31-2013

EQ- 625 June-2013 TU 636 // May-2013 EX 633 May- 2012
Orchard 300$CL
Navy Fed SEC 500$ CL
Navy Fed Cashrewards 3K CL
NFCU GoRewards 1K


Message 1 of 6
5 REPLIES
Moderator Emerita

Re: Discover IT/Sams Club/Walmart...I want.. but can i get?!

Util is way too high. Stranger things have happened but for a better chance of approval and decent CL- drop your util under 20% at least.
Is it possible to get a CLI on your NFCU cc's?
Message 2 of 6
Frequent Contributor

Re: Discover IT/Sams Club/Walmart...I want.. but can i get?!

why are you carrying balances ?

 

Are you paying interest?

FICO EX 827, 2015 Feb; FICO EQ 836/900 (Citi), 2014 Dec; FICO TU08 818, 2015 Feb.

BofA Cash Rwrds Sig V 2013 10k; Fidelity Rewards AmEx /BofA 2013 15.4k; Chase Freedom Sig V 2002 24.1k; Chase Amazon Rwrds Sig V 2011 8k; Sam's Club MC 2002 10k; Dscvr It 2012 10k; Citi Dvdnd Plat Sel V 2013 8.9k; PenFed Plat Rwrds V 2013 20k; AmEx Blue Sky 2013 11.3k; AmEx BCP 2014 24.1k; Priceline Rwrds Sig V 2013 8.7k; PayPal Xtras GE Cap Plat MC 2012 5k

Message 3 of 6
Contributor

Re: Discover IT/Sams Club/Walmart...I want.. but can i get?!


09Lexie wrote:
Util is way too high. Stranger things have happened but for a better chance of approval and decent CL- drop your util under 20% at least.
Is it possible to get a CLI on your NFCU cc's?

Thats what i was thinking..need to get utlity down ..and i actually just did a CL increase w/ NFCU for my Cashrewards to 5K. my Go rewards the rep said was still too new(open in may 2013) read some disclaimer but accounts open less the 6mnths so opted to leave that one alone for now..

 

As far as paying intrest..yes i am ..its rare they all carry balances just havent buckled down yet and paid larger amounts ..60$ here 80$ there..ya know


Mortgage ready by 12-31-2013

EQ- 625 June-2013 TU 636 // May-2013 EX 633 May- 2012
Orchard 300$CL
Navy Fed SEC 500$ CL
Navy Fed Cashrewards 3K CL
NFCU GoRewards 1K


Message 4 of 6
Regular Contributor

Re: Discover IT/Sams Club/Walmart...I want.. but can i get?!

In my humble opionion, between the balances you're carrying, the cards you have, and your wish to buy a home by the end of this year, I would advise AGAINST more credit cards.  You want them, but is it something you can't do without?

AMEX True Earnings (14k) || Discover IT (10k) || Chase Sapphire Preferred (6k) || Chase Freedom (6k) || Citi ThankYou Preferred (6.3k) || GE CareCredit (4.9k) || Citi Double Cash (4.9k) || Sallie Mae (4k) || Best Buy (2k) || AMEX Blue Cash Everyday (2k) || Target REDcard (1.5k)
Message 5 of 6
Highlighted
New Member

Re: Discover IT/Sams Club/Walmart...I want.. but can i get?!

Straight up...there is no way. I had Wal-Mart Credit Card as my first card and i had to apply twice in a 6 month period to get it. I've had it just under 3 years now and they've increased my line essentially once a year. my line started at 500 and is now at 2500, but in addition I work for them and they realized that and they upgraded me to wal-mart discover as a second account with no inquiry with a 1000 less than my store card. Just be careful though, 2 bounced payments or missed payments they immediately shut the line down (first hand experience from 2 bounced payments), and i had to fight with the customer service people to put my account in good standing again due to the misudnerstanding. I only have the cards for longevity and this point.

 

My advice to you is pay off your cards with highest interest and lowest balance first, consolidate the accounts, and then apply in 6 to 12 months. Otherwise you're wasting an inquiry for nothing.

 

 

My Wallet:
Wal-Mart Credit Card: $2500 (opened 10/2010) Wal-Mart Discover: $1500 (opened 3/2013) Southwest RR: $5000 (opened 2/2013)
Citi Diamond Preferred: $1400 (opened 2/2013) Capital One Business Spark: $500 (opened 6/2013) PayPal Smart Connect: $3000 (opened 12/2010) Discover IT: $1000 (opened 2/2013) Woodforest Bank: $1500 (opened 3/2013) Wells Fargo Cash Back: $1000 (opened 3/2013)
Message 6 of 6