Credit Cards

[webhopper]

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LS2982 wrote:

1 Month App Free!!!!!

Keep chugging along and growing my new seedlings!!!

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Keep chugging!  Are your reports frozen?  I froze mine back in February.... Somehow Navy was able to pull my TU report in March for membership, auto refi, and NFCU visa.

So the NFCU card posted today, and AMEX Credit Secure score rose substantially on their site. Also got a new reason reported:

What factors raise your PLUS Score:

• You have a good cushion of available credit between your current balance and your credit limits on all open trades. This has a positive affect on your credit score. This cushion shows lenders that you are unlikely to overextend yourself financially.
  
  
• Your average credit limit for your major credit cards, such as Discover, American Express, VISA, or MasterCard, is high. This tells lenders that you have enough financial experience, and they will be more likely to see you as a good credit risk.
  
  
• You have at least 2 or more open major credit cards, such as Discover, American Express, VISA, or MasterCard, on your credit report. This often tells lenders that you are a responsible borrower and they may be more likely to see you as a good credit risk and extend you credit.
  
  
• Your credit file shows no record of any current delinquencies on real estate accounts, such as a mortgage. Having real estate accounts in good standing is viewed positively by lenders.

its exciting when your new seedlings first get sprouted onto your report!!!

[webhopper]

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UnCheckedOther wrote:

Aloha Wahine and Kane!

After lurking on myFico forums like Neighbour Rose, I've decided to throw my binoculars out and just jump into the garden. Although I like to swim with sharks (who are really gentler than those evil toothless dolphins) and jump out of airplanes, I'm less inclined to be adventurous with my credit score. I'd like to join the 800 club, so with my Chase Freedom in hand, I'm just going to vegetate in the garden for a while...at least a year, but realistically two. 

I have a feeling our community garden will be way better than Central Park )

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Welcome to the garden!  its Way better than Central Park!

[tinuviel]

Yesterday I received an offer in the mail from Discover -- 0% APR for 12 months. But, I stayed strong! As I've already posted, I don't intend to app for anything until after the end of the summer, when my CA and COs drop off.

It felt really, really good to get the offer, though. I know that an invite is not the same as an approval, of course, but I tend to believe that info on my reports must have met some minimum threshhold for them to put me on their offers list. 

[FrugalRican]

I pose a question for you gardeners:

My Chase Freedom has $1,400.

My Chase Hyatt VISA has $5,800.

I was told that I could take some of the CL out of one and place it into the other.

Since my VISA is a Signature, that means that my minimum CL has to be $5,000.

Is there any point of having $800 added to my Freedom and taken away from the Hyatt card? It's my lowest CL, and I'll never request for a CLI with Chase for my Freedom because it's a HP and that betrays not only my credit report with a HP, but my gardenation purposes.

Opinions from a garden perspective are what I am looking for

[tinuviel]

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LS2982 wrote:

1 Month App Free!!!!!

Keep chugging along and growing my new seedlings!!!

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Yay!!!

[FrugalRican]

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tinuviel wrote:

Yesterday I received an offer in the mail from Discover -- 0% APR for 12 months. But, I stayed strong! As I've already posted, I don't intend to app for anything until after the end of the summer, when my CA and COs drop off.

It felt really, really good to get the offer, though. I know that an invite is not the same as an approval, of course, but I tend to believe that info on my reports must have met some minimum threshhold for them to put me on their offers list. 

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Think of how much better it will feel when you start getting the 18 month offer from them!

Keep that garden going strong!

[tinuviel]

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FrugalRican wrote:

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tinuviel wrote:

Yesterday I received an offer in the mail from Discover -- 0% APR for 12 months. But, I stayed strong! As I've already posted, I don't intend to app for anything until after the end of the summer, when my CA and COs drop off.

It felt really, really good to get the offer, though. I know that an invite is not the same as an approval, of course, but I tend to believe that info on my reports must have met some minimum threshhold for them to put me on their offers list. 

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Think of how much better it will feel when you start getting the 18 month offer from them!

Keep that garden going strong!

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Exactly! I look at it this way... Even if I could manage to squeak by with an approval, any terms and initial CLs that I'd be offered should be so much the better if I simply wait a while longer and apply with cleaner reports. It's best to simply sit back and enjoy the cards I have right now and then go into full hunt mode for prime cards this fall.

[tinuviel]

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FrugalRican wrote:

I pose a question for you gardeners:

My Chase Freedom has $1,400.

My Chase Hyatt VISA has $5,800.

I was told that I could take some of the CL out of one and place it into the other.

Since my VISA is a Signature, that means that my minimum CL has to be $5,000.

Is there any point of having $800 added to my Freedom and taken away from the Hyatt card? It's my lowest CL, and I'll never request for a CLI with Chase for my Freedom because it's a HP and that betrays not only my credit report with a HP, but my gardenation purposes.

Opinions from a garden perspective are what I am looking for

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Well, does Chase do auto CLIs after you've had the account for a while? Which card to you use for your everyday? Would the extra $800 on the Freedom be of a material benefit to you?

Just trying to help evaluation the situation.

[FrugalRican]

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tinuviel wrote:

 Well, does Chase do auto CLIs after you've had the account for a while? Which card to you use for your everyday? Would the extra $800 on the Freedom be of a material benefit to you?

Just trying to help evaluation the situation.

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Theoretically speaking, they do auto CLIs after 6 months, but I never got one and I'm running on about 9 to 10 months with the card. In all fairness, I didn't realize how good of a card it was until December and then started putting a heavy rotation on it.

So I don't know if maybe after a year they will since I've been using it a lot more. Problem is that I might be paying rent in November with a card and it comes dangerously close to my limit. The only benefit is it not using up most of my CL.

I split most of my usage between the Freedom and the BCE depending on the time of the month.

I just recently placed over 1.4K charges of school tuition on my BCE because my Freedom won't let me go past.

[webhopper]

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tinuviel wrote:

Yesterday I received an offer in the mail from Discover -- 0% APR for 12 months. But, I stayed strong! As I've already posted, I don't intend to app for anything until after the end of the summer, when my CA and COs drop off.

It felt really, really good to get the offer, though. I know that an invite is not the same as an approval, of course, but I tend to believe that info on my reports must have met some minimum threshhold for them to put me on their offers list. 

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Getting offers from Discover is a good sign... keep tilling and sowing, and fertilizing...  HAHA, once you actually have them, be prepared to shred the blank cash advance checks they send you every 2 weeks.