For those with 6+ Credit Cards how do you obtain more credit?

[CreditGuy03]

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@Anonymous wrote:

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@CreditGuy03 wrote:

Yea student loan 168, Auto 425 and a signature loan at 225 a month

My cards are all zero balance except barclays which is a 8% balance

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If you don't mind me asking, who's your Auto Loan through?

Any negatives? Even if paid..

Something on your report is spooking these creditors...

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Auto loan is through a Credit Union

I do have a recent chargeoff as of August 2013 but it is paid in full. No collections. I have two old paid chargeoffs from 2008 that should fall off next year.

Also some spotty 30 day lates over the years. Maybe 4 total 30 day lates across 60 open/closed accounts

[Anonymous]

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@CreditGuy03 wrote:

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@Anonymous wrote:

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@CreditGuy03 wrote:

Yea student loan 168, Auto 425 and a signature loan at 225 a month

My cards are all zero balance except barclays which is a 8% balance

---

If you don't mind me asking, who's your Auto Loan through?

Any negatives? Even if paid..

Something on your report is spooking these creditors...

---

Auto loan is through a Credit Union

I do have a recent chargeoff as of August 2013 but it is paid in full. No collections. I have two old paid chargeoffs from 2008 that should fall off next year.

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The recent but paid C/O could be your culprit as I also have two C/O's from 2008....but they are unpaid.

[Firehorse]

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@CreditGuy03 wrote:

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@Anonymous wrote:

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@CreditGuy03 wrote:

Yea student loan 168, Auto 425 and a signature loan at 225 a month

My cards are all zero balance except barclays which is a 8% balance

---

If you don't mind me asking, who's your Auto Loan through?

Any negatives? Even if paid..

Something on your report is spooking these creditors...

---

Auto loan is through a Credit Union

I do have a recent chargeoff as of August 2013 but it is paid in full. No collections. I have two old paid chargeoffs from 2008 that should fall off next year.

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The COs are prolly scaring them. Every once in awhile I get someone spooked about my paid lien that should have been withdrawn.

I concur with the consensus. Make sure your HPs are at least 6 mos old before your next app. I might suggest apping with the CU for a Visa where you have your auto loan.

[Brax]

Getting higher limits with baddies is very difficult but not impossible.

I would focus on Amex to obtain more credit. It took about a year of history with them before they give me a 5 digit limit with baddies but at least it's possible!

[B335is]

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@CreditGuy03 wrote:

I have 

Barclays Carnival Mastercard $2000 - opened 2009

Capital One Quicksilver $1500 - opened 2009

Capital One Spark Visa Business $1000 - opened 2011

Target Redcard $350 - 2014

Home Depot $500 - 2009

My scores are around 680-690 range and I make about 75k a year. 

Whenever I try to apply for another card either with my credit union or Barclays, Amex, Chase they always tell me I have too much credit and deny. 

I had to beg and plead with the Underwriters just to get a CLI on my Barclays Carnival.

For those with More than 6+ Cards and more credit lines than me how do you do it?

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Credit Unions are almost always going to think you have too much credit especially if it's new.

1)  Clean credit reports (no negatives whatsoever).

2)  Keep utilization reasonable (under 10%).

3)  Apply with different lenders (BMO, GE, Comenity, Commerce, BoA, Citi, WF, Cap1, US Bank, Nasa, etc....).

4)  Use Amex backdating to your advantage.  I've applied for a few of their cards strictly for that purpose to cushion my AAoA.

With multiple cards from the same bank, know your limits and try to find out what your max exposure is.  I've had this discussion with Chase, Citi and Boa and they don't usually give you an exact amount, but can say "you're reaching your maximum credit exposure with us."  Also it has been helpful to space apps with the same lender out by 6 months each.

[coterotie]

First suggestion:  Do the sportsman guide visa shopping cart soft pull trick. 

Don't guess there is any way to get a delete on that recent paid charge, but if you could I would think you would be golden for other cards.

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@CreditGuy03 wrote:

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@Anonymous wrote:

---

@CreditGuy03 wrote:

Yea student loan 168, Auto 425 and a signature loan at 225 a month

My cards are all zero balance except barclays which is a 8% balance

---

If you don't mind me asking, who's your Auto Loan through?

Any negatives? Even if paid..

Something on your report is spooking these creditors...

---

Auto loan is through a Credit Union

I do have a recent chargeoff as of August 2013 but it is paid in full. No collections. I have two old paid chargeoffs from 2008 that should fall off next year.

Also some spotty 30 day lates over the years. Maybe 4 total 30 day lates across 60 open/closed accounts

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[FinStar]

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@B335is wrote:

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@CreditGuy03 wrote:

I have 

Barclays Carnival Mastercard $2000 - opened 2009

Capital One Quicksilver $1500 - opened 2009

Capital One Spark Visa Business $1000 - opened 2011

Target Redcard $350 - 2014

Home Depot $500 - 2009

My scores are around 680-690 range and I make about 75k a year. 

Whenever I try to apply for another card either with my credit union or Barclays, Amex, Chase they always tell me I have too much credit and deny. 

I had to beg and plead with the Underwriters just to get a CLI on my Barclays Carnival.

For those with More than 6+ Cards and more credit lines than me how do you do it?

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Credit Unions are almost always going to think you have too much credit especially if it's new.

1)  Clean credit reports (no negatives whatsoever).

2)  Keep utilization reasonable (under 10%).

3)  Apply with different lenders (BMO, GE, Comenity, Commerce, BoA, Citi, WF, Cap1, US Bank, Nasa, etc....).

4)  Use Amex backdating to your advantage.  I've applied for a few of their cards strictly for that purpose to cushion my AAoA.

With multiple cards from the same bank, know your limits and try to find out what your max exposure is.  I've had this discussion with Chase, Citi and Boa and they don't usually give you an exact amount, but can say "you're reaching your maximum credit exposure with us."  Also it has been helpful to space apps with the same lender out by 6 months each.

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I would agree.  And, while everyone's approach and goals may differ, the above has worked for me.  Items 1) and 2) are definitely key drivers.

[gen-specific]

I apply when my credit score is rosy

I used to get my credit score once every quarter (although they were FAKOs I could see a trend at least), and when they were higher I would apply for cards

and after that point I would avoid inquiries, even things like new cable, utilities or cellphone plans, which would pull credit and potentially lower the score further

so, when I'm coming off of score lows I would pay off credit cards more and keep my utilization lower than usual, and apply for cards and credit limit increases and APR decreases when the scores reported higher

[gen-specific]

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@FinStar wrote:

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@B335is wrote:

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@CreditGuy03 wrote:

I have 

Barclays Carnival Mastercard $2000 - opened 2009

Capital One Quicksilver $1500 - opened 2009

Capital One Spark Visa Business $1000 - opened 2011

Target Redcard $350 - 2014

Home Depot $500 - 2009

My scores are around 680-690 range and I make about 75k a year. 

Whenever I try to apply for another card either with my credit union or Barclays, Amex, Chase they always tell me I have too much credit and deny. 

I had to beg and plead with the Underwriters just to get a CLI on my Barclays Carnival.

For those with More than 6+ Cards and more credit lines than me how do you do it?

---

Credit Unions are almost always going to think you have too much credit especially if it's new.

1)  Clean credit reports (no negatives whatsoever).

2)  Keep utilization reasonable (under 10%).

3)  Apply with different lenders (BMO, GE, Comenity, Commerce, BoA, Citi, WF, Cap1, US Bank, Nasa, etc....).

4)  Use Amex backdating to your advantage.  I've applied for a few of their cards strictly for that purpose to cushion my AAoA.

With multiple cards from the same bank, know your limits and try to find out what your max exposure is.  I've had this discussion with Chase, Citi and Boa and they don't usually give you an exact amount, but can say "you're reaching your maximum credit exposure with us."  Also it has been helpful to space apps with the same lender out by 6 months each.

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I would agree.  And, while everyone's approach and goals may differ, the above has worked for me.  Items 1) and 2) are definitely key drivers.

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what is AMEX backdating?

[SunriseEarth]

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@CreditGuy03 wrote:

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@Anonymous wrote:

---

@CreditGuy03 wrote:

Yea student loan 168, Auto 425 and a signature loan at 225 a month

My cards are all zero balance except barclays which is a 8% balance

---

If you don't mind me asking, who's your Auto Loan through?

Any negatives? Even if paid..

Something on your report is spooking these creditors...

---

Auto loan is through a Credit Union

I do have a recent chargeoff as of August 2013 but it is paid in full. No collections. I have two old paid chargeoffs from 2008 that should fall off next year.

Also some spotty 30 day lates over the years. Maybe 4 total 30 day lates across 60 open/closed accounts

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That's it right there.   The only thing I'd suggest on the COs is GW efforts.   Aside from aging them off, that's really all that can be done.