12-04-2012 07:53 PM - edited 12-04-2012 07:54 PM
it's funny - back in the day when I had bad credit, I didn't regret any card that I could get approved for, even the First Premier/Orchard Bank cards that I had. When it's hard to get approved for anything, you're not as selective.
Now that I'm smarter about it, I have two that I regretted from this past summer - a second USAA app after I got approved initially for my highest credit line ever (guess I thought I'd get another one but instead ended up with a low-limit card that I'll never use), and an app with my local bank (through Elan/US Bank) that I'd been wanting for years - if I'd have paid attention to how conservative they were, I would have passed and not even applied. Although approved, it was another low-limit card that again caused a hit to my AAoA.
With that being said, once summer rolls around and I have all of my revolving debt paid off (so I won't take a utilization hit), I will be closing the following: USAA, Elan, Sears, Amex Green, and PayPal SC. This will still leave me with around 10 cards, and that's more than enough - it's hard keeping track of all them right now.
12-04-2012 07:53 PM
Macy's Store Card. :/ I got it because I could get 20 bucks off this trench coat I really wanted, and I was 18 at the time and didn't know it was a "credit" card...thought it worked like a gift card. My credit line on it is only $100, lmao! But it's my second oldest tradeline, so I'll just leave it in the sock drawer.
call and ask for a cli its a soft pull.
started at 100 in dec of 10 and is now at 3.5k for me.
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12-04-2012 09:30 PM
Yes, I app'd for a Macy's card but didnt know I was blacklisted due to CO'd account even though it was settled. I spoke with recon department after I app'd. Now, I know better.
12-04-2012 09:51 PM
I have it every time.... once the shine of the card is gone I always say... Why did I just **** my credit score for this card. I need another credit card like I need more debt.
12-04-2012 10:59 PM
I agree, I only regret the denials.
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