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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: 31k+
Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO