Reply
New Member
Posts: 10
Registered: ‎08-02-2011
0

I figured as a 19 year old it would be harder than this..

[ Edited ]

I've been an authorized user of 2 of my father's cards since 2005 or so

 

last year in january i applied for a discover more - student and was approved for a 1000 limit

 

a few months later i applied for an amex zync and got a npsl

 

a few months later i applied for a chase freedom 3000 limit

 

 

a few months later (today) i got word that my sapphire preferred app was approved as well for 5000

 

 

Its interesting, i've been lurking here for a long time so I am handling my credit very responsibly; but i figured after the whole crackdown of SIGN UP FOR OUR CARD AND GET A WATER BOTTLE!!!! offers it would be a bit tougher to get prime cards especially for newbies like myself.

 

 

Valued Contributor
Posts: 2,262
Registered: ‎07-23-2012
0

Re: I figured as a 19 year old it would be harder than this..

Well congrats on the good success 

 

have you checked your reports/ scores? 

 

im 21 and am building my scores 

 

im not sure if your dads aaoa (on the cards your on effect your aaoa) 

 

i was never an au and i have never gotten any offers. was actually denied for the first 5 cards i ever applied for. 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:6


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Member
Posts: 10
Registered: ‎08-02-2011
0

Re: I figured as a 19 year old it would be harder than this..

creditkarma lists me as 725 or so

 

i dont know if thats a result of responsible utilization or what 

 

 

anyway whats next for me? should i just garden until its time to finance a car or something? haha

Valued Contributor
Posts: 2,262
Registered: ‎07-23-2012
0

Re: I figured as a 19 year old it would be harder than this..

well depends on what you want to do? 

are you in school? work?   

is that your ultimate goal? to finance a car? 

seems like you have enough credit. just garden and when something comes up, reevaluate. 

 

 

credit karma is not a fico score. it is a FAKO score. 

i can copy and paste the difference but basically its not the actual score but can sometimes be close. (but really isn't worth anything)

the ones lenders look at are FICO ones. 

 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:6


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Member
Posts: 10
Registered: ‎08-02-2011
0

Re: I figured as a 19 year old it would be harder than this..

i'm a sophmore in college and i do work, yeah

 

i have no ultimate goal really i just remember reading when i was 16 or so that it is really important to start using credit responsibly as early as you can to build for your future

 

i know ck is a FAKO but for someone like me who has no reason to pay for a fico it's my basis. my myfico trial that i got a few months ago listed me in the 680 range i believe.

Valued Contributor
Posts: 2,262
Registered: ‎07-23-2012
0

Re: I figured as a 19 year old it would be harder than this..

IM in the same boat. IM now letting all my cards age with pif. 

I suggest you do the same. 

From what I've read with three good cards reporting only let 1 report a balance of 1-9 percent. im not sure how npsl work for utilization, but as long as you keep under 400 a month reporting on one card you'll be golden. 

 

Another thing don't wait till the last day its due. (you obviously wouldn't playing the utilization game)

I did that with one of the cards I had and did not realize the repercussions it could have if I didn't get to the store that day to pay it. (luckily I did)

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:6


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
Posts: 1,971
Registered: ‎09-16-2011
0

Re: I figured as a 19 year old it would be harder than this..

[ Edited ]

If you have no goals, just sit back and let your cards grow and pay your bills on time and you will be at 800+ FICO before you know it, You have enough cards to get the maximum credit scores. keep UTL under 10%. When you reach an 800 FICO score,   You can basicly get what ever you want credit wise and banks fight over who will get to help you. 

 

Play it safe now you don't want to destroy all the hardwork that you have done and the work your dad put into your credit report by making you an AU on his cards. 

 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 12/15/2014
New Member
Posts: 10
Registered: ‎08-02-2011
0

Re: I figured as a 19 year old it would be harder than this..

Is there any reason that Discover is so stubborn with their cli's?

 

i can't get an increase from 1000 without a hard pull and they only give .05 cash back unless you spend 3000 bucks

 

Its basically sockdrawered for me besides for the occasional shopdiscover purchase

Valued Contributor
Posts: 2,262
Registered: ‎07-23-2012
0

Re: I figured as a 19 year old it would be harder than this..


erick1 wrote:

Is there any reason that Discover is so stubborn with their cli's?

 

i can't get an increase from 1000 without a hard pull and they only give .05 cash back unless you spend 3000 bucks

 

Its basically sockdrawered for me besides for the occasional shopdiscover purchase


discover is not the onlyone that hardpulls. 

if you can support 3k in spending a month just charge 900 and then pay it. rinse and repeat. 

5percent cash back is about as good as it gets. remember its money you get back that you already spent. 

Current: Discover Fico 682 1/15 Walmart Fico 684 1/15

Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
Over 12 Months:6


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: I figured as a 19 year old it would be harder than this..

Your dad did you a huge favor by adding you as an AU and I'm assuming he has taught you the importance of spending only what you can pay etc...

Good work! Best idea is to garden your cards and try to get some money saved back for future goals. Suddenly there are a lot more options later in life if you set yourself up with a strong financial foundation.

Congrats and good luck to you in the future!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.