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Established Contributor
Posts: 766
Registered: ‎01-16-2012
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Goal Card App "Spree"

I don't know if two is a "spree", but today was the day I applied for my long term goal cards. I will have a mortgage refi posting next week, which will shrink my aaoa (VA IRRL, so no credit check or worries about underwriting), student loans leaving deferral next month and the 4 remaining problem children aren't going away until Oct of 2013. An ex inq fell off yesterday, so I:

 

Applied over the phone for the CSP while in Costco running TE application at the same time. Results:

 

Costco TE instant approval, 5k limit. Got this mostly for Costco gas and 2cents/dollar on restaurants (when CSP must be left alone). I got a CLI for my surpass on 10/2, so will wait until 3/2 to ask for 3x on this one.

 

CSP was instantly declined, as expected. Reason was the charge offs/paid collections from 2006. I immediately called recon, planning to offer to close my Southwest card. "No need," he said, "you've got a great history with us and I've gone ahead and approved the sapphire preferred with a credit access line of 5000". I will let the dust settle, then try to transfer my 5k limit from Southwest card to CSP, then close Southwest. This was really my aspiration card when I began rebuilding, since I spend about 10k/year on restaurants, have been traveling more for work (where I can't pick hotel or airline) and will by flying more United now that we have a baby.

 

Anyway, I should get my Ex score with the rejection letter (I don't think amex will send one, since there is only one interest rate). AAoA 8.8 years, 6 active cards, all opened in last year (2 amex backdated to 1988), 400/3000 on discover, rest 0 balance. Three charge offs from 2006 (all hsbc or cap 1), one collection for hsbc chargeoff. No negatives since. 3 mortgages (2 closed, all paid as agreed), 1 car (paid off, no lates), 22 student loans (12 closed, 12 deferred). One personal loan with 2900 remaining on 8000 loan.

 

I will now, aside from occasional cli requests, leave well enough alone and enjoy the travel my cards should facilitate. Thanks, as always, for the collective knowledge of this forum. I'd still have 2 secured cards with a total limit of 1450 otherwise.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
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Re: Goal Card App "Spree"

Nice, Congrats on the approvals!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Goal Card App "Spree"

Congrats, I have found Chase very helpful if your a long term customer

Regular Contributor
Posts: 171
Registered: ‎10-08-2012
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Re: Goal Card App "Spree"

Congrats!! I love this forum, just a little shy about speaking....:smileysurprised:



Starting: 563 | Current: 646 | Goal: 750.
Garden 09/24/2013

Established Contributor
Posts: 937
Registered: ‎07-24-2012
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Re: Goal Card App "Spree"

Nice posting CDnewmanpac. I bet you felt good when he said "no need". Congratulations!

Established Contributor
Posts: 766
Registered: ‎01-16-2012
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Re: Goal Card App "Spree"

Thanks! If you told me a year ago I'd go from 1450 in secured credit to over 50k in unsecured, all while earning enough points for a free trip to hawaii for myself and my wife, I'd have called you a liar. One of the many things I've learned is this: Be exceedingly polite and gracious, but tell your story quickly and passionately. These people (who work at credit card companies) are human beings and a little respect, politeness and humility will often get you where you are trying to go.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
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