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Regular Contributor
yomellamoFICO2013
Posts: 120
Registered: ‎01-22-2013

Guidance Needed ! Recommended Credit Cards

[ Edited ]

Hi. I have been reading about a few members wanting to apply for at least one or two cards, but I am still undecided, because my scores are not that high, but since I have managed to get it increased to  680 (myFICO EQ) 692 EXP and 763 TU (Can't explain the huge difference because Walmart TU is 650).

Anyway, I have not applied for any credit since January'13, and would like to get my last two cards at least for this year (I know, I know, it's really hard to stop from App itching, specially after seeing my scores go UP).

My current UTIL is 9%,  More details below:

 

AAOA 6.5 , Oldest Account 11 Years

 
I have been thinking about two cards:
AMEX Delta Gold and possibly joining DCU and Applyinging for  CC (due to their great reputation, since I am not eligible to join NFCU)
My plan is to wait until the end of May, when my UTIL will be at least 5% and HOPEFULLY my scores will reach the low 700's or so (considering I am not chargning anything on my cards, except for my monthly Credit monitoring fees), and paying at least 4x the minimum balance on my cards. Current debt is $ 785.00.
I have a bad charge-off (Paid) on Chase from 6+ years ago and a REPO from 2007(which would be falling off my CRA's until 2014) besides that there are no other marks.
 
Considering YMMV, what would be the cards I am likely to be approved for ?
I currently have 2 GECRB ( Walmart and Amazon) in good standing/payment. A secured WF CC, and a Capital One $800 limit, which is under review for a CLI (which I was told would be a Soft pull).
 
I appreciate your time and feedback.


CURRENT TLS:

AMAZON $2K/ WALMART $2K /DCU $3K DELTA AMEX $1K
DISCOVER $1.2K/ PAYPALEXT $2K /COSTCOTU $1.2K

UPDATED 8/1
EQ
8/1/13 EQ 694 - (myfico) -
7/26/13 EQ 694 - (DCU)
9/10 EQ 701 - (myfico)

EX
9/8 - EX 707 (usaa/EX)

TU
6/18 TU 690 (myfico)
7/2 TU 694 (Walmart)
8/8 TU 676 (Walmart)
9/6 TU 676 (Walmart)
Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: Guidance Needed ! Recommended Credit Cards

I think you can get both cards you mentioned.....

*8/10/13
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011

Re: Guidance Needed ! Recommended Credit Cards

Both that you are looking at should be doable.  Discover would be another option. 

Community Leader
Senior Contributor
myjourney
Posts: 25,241
Registered: ‎02-07-2013

Re: Guidance Needed ! Recommended Credit Cards


yomellamoFICO2013 wrote:

Hi. I have been reading about a few members wanting to apply for at least one or two cards, but I am still undecided, because my scores are not that high, but since I have managed to get it increased to  680 (myFICO EQ) 692 EXP and 763 TU (Can't explain the huge difference because Walmart TU is 650).

Anyway, I have not applied for any credit since January'13, and would like to get my last two cards at least for this year (I know, I know, it's really hard to stop from App itching, specially after seeing my scores go UP).

My current UTIL is 9%,  More details below:

 

AAOA 6.5 , Oldest Account 11 Years

 
I have been thinking about two cards:
AMEX Delta Gold and possibly joining DCU and Applyinging for  CC (due to their great reputation, since I am not eligible to join NFCU)
My plan is to wait until the end of May, when my UTIL will be at least 5% and HOPEFULLY my scores will reach the low 700's or so (considering I am not chargning anything on my cards, except for my monthly Credit monitoring fees), and paying at least 4x the minimum balance on my cards. Current debt is $ 785.00.
I have a bad charge-off (Paid) on Chase from 6+ years ago and a REPO from 2007(which would be falling off my CRA's until 2014) besides that there are no other marks.
 
Considering YMMV, what would be the cards I am likely to be approved for ?
I currently have 2 GECRB ( Walmart and Amazon) in good standing/payment. A secured WF CC, and a Capital One $800 limit, which is under review for a CLI (which I was told would be a Soft pull).
 
I appreciate your time and feedback.

That repo might hurt your chances with amex IMO but DCU may give you a shot....Good luck should you apply

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: Guidance Needed ! Recommended Credit Cards

I like the Discover suggestion before AMEX!

*8/10/13
Regular Contributor
yomellamoFICO2013
Posts: 120
Registered: ‎01-22-2013

Re: Guidance Needed ! Recommended Credit Cards

Thank you ! I am very hopeful about this... should I try applying on the same day ?

 



CURRENT TLS:

AMAZON $2K/ WALMART $2K /DCU $3K DELTA AMEX $1K
DISCOVER $1.2K/ PAYPALEXT $2K /COSTCOTU $1.2K

UPDATED 8/1
EQ
8/1/13 EQ 694 - (myfico) -
7/26/13 EQ 694 - (DCU)
9/10 EQ 701 - (myfico)

EX
9/8 - EX 707 (usaa/EX)

TU
6/18 TU 690 (myfico)
7/2 TU 694 (Walmart)
8/8 TU 676 (Walmart)
9/6 TU 676 (Walmart)
Moderator
09Lexie
Posts: 24,380
Registered: ‎09-13-2012

Re: Guidance Needed ! Recommended Credit Cards

You'll be fine

Don't forget, if you decide to app for DCU- to become a member first then apply for a cc.
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Guidance Needed ! Recommended Credit Cards


dodfire wrote:

I like the Discover suggestion before AMEX!


I agree! Good luck OP!!!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
yomellamoFICO2013
Posts: 120
Registered: ‎01-22-2013

Re: Guidance Needed ! Recommended Credit Cards

Thank 09Lexie. I know about DCU and its membership. Do you known if they are INQ sensitive?


CURRENT TLS:

AMAZON $2K/ WALMART $2K /DCU $3K DELTA AMEX $1K
DISCOVER $1.2K/ PAYPALEXT $2K /COSTCOTU $1.2K

UPDATED 8/1
EQ
8/1/13 EQ 694 - (myfico) -
7/26/13 EQ 694 - (DCU)
9/10 EQ 701 - (myfico)

EX
9/8 - EX 707 (usaa/EX)

TU
6/18 TU 690 (myfico)
7/2 TU 694 (Walmart)
8/8 TU 676 (Walmart)
9/6 TU 676 (Walmart)
Regular Contributor
yomellamoFICO2013
Posts: 120
Registered: ‎01-22-2013

Re: Guidance Needed ! Recommended Credit Cards

UPDATE:!!!

After working diligently on app itch, I eventually gave up ! LOL :smileyhappy:

I ended up applying for a membership with DCU , which I was accepted at the end of April. WOW !! They pulled EQ by the way.

Over this past weeked, I pulled the trigger on their VISA Credit card, which I had to send income verification (pay stubs), I got a call just this morning from DCU to confirm they were approving me for $3K ( I asked for $7.5K, a little hopeful due to my income).  :smileylol:

After being rebuilding since January'13, My highest CL for now.

 

PENDING APPS: Amex Delta and Discover IT , which I applied over the weekend as well. ( I know, I could not resist!!)

Will update on the results once I get them !

 

Thank you myfico members for constantly supporting this community.

 



CURRENT TLS:

AMAZON $2K/ WALMART $2K /DCU $3K DELTA AMEX $1K
DISCOVER $1.2K/ PAYPALEXT $2K /COSTCOTU $1.2K

UPDATED 8/1
EQ
8/1/13 EQ 694 - (myfico) -
7/26/13 EQ 694 - (DCU)
9/10 EQ 701 - (myfico)

EX
9/8 - EX 707 (usaa/EX)

TU
6/18 TU 690 (myfico)
7/2 TU 694 (Walmart)
8/8 TU 676 (Walmart)
9/6 TU 676 (Walmart)

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