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.
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
12-04-2012 07:54 PM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.