Credit Cards

[SpiceIslander]

It's been a very good few weeks for me. Just sharing my results and profile:

Discover More CLI - 2,000.00 - Last month

Lowe's CLI - 1,600.00 - Last week

AMEX BCP - Approved - 2,000.00 - Last week

FNBO - Max Rewards Plat Visa - Approved - 3,600.00 Today (Apped last Friday 24th)

I assume AMEX pulled Experian but not sure about First National. Since my utilization is around 46% I think these lines should help my score. I hope the lowered util will outweigh the dings from new accounts and inquiries. Please correct me if I'm wrong about this. Before my mini app spree I had the following inqs: TU 2 / EQ 3 / EX 1. My AoA was 7 years.

I've heard that First National is VERY conservative but I was feeling lucky! LOL!

A big 'thank you" to board members for sharing and helping. I never would have thought to ask for CLIs.

[SpiceIslander]

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SpiceIslander wrote:

Since my utilization is around 46% I think these lines should help my score. I hope the lowered util will outweigh the dings from new accounts and inquiries. Please correct me if I'm wrong about this.  

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Okay....I'm bumping this because I'd really like some opinions on the above. Time will tell me what I need to know but why wait when I get get some expert advice right here? Thank you!!!

[joeyh2007]

My two cents that I can offer is that I have the same FNBO card and they pulled Experian. I did some research and found that the mostly if not only pull EX.

[TNTransplant]

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SpiceIslander wrote:

Since my utilization is around 46% I think these lines should help my score. I hope the lowered util will outweigh the dings from new accounts and inquiries. Please correct me if I'm wrong about this. 

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I'm not sure how much it will effect you with several new accounts reporting, but the added utilization definitely helps.

Earlier this month my EQ FICO was 706 with just over 30% utilization reporting.  I added a new card with a $12000 CL, and overall utilization dropped to 18% - my EQ FICO shot up to 728 as soon as it hit my reports.  Definitely changed things for the better in my case.  

Hope it does the same for you...