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Regular Contributor
remarc
Posts: 170
Registered: ‎03-05-2012
0

Jared & kay's Credit Card Question

Finally both these cards reported. I got two because i orginally applied for Kays, was ment to apply for Jareds. In the end i was approved for both for $5100. Today they both report with a CL of $2550 . Its helping my UTI as it droped by 13% , however do i really need both? I think $5100 would look better on my report that $2550 on two cards.. I currently have 12 cards and im looking to close some as i feel I have too many cards and in the next 6 months i wish to join a Credit Union and trade my car out for another. 

 

Show i close the Kays card? 

 

What do you guys think? 

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tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Jared & kay's Credit Card Question

Kay and Jared both are managed by Sterling. They will approve you for both cards, but will split the credit line between them. If you shop at one more than the other, then I would recommend calling customer service and seeing if you can close one of the cards and have the CL transferred to the other. I agree that I would rather see one $5100 CL reporting than two $2550 CLs. This is just my opinion, of course.


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Revelate
Posts: 9,735
Registered: ‎12-30-2011
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Re: Jared & kay's Credit Card Question

[ Edited ]

Tinu beat me to it.

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chnceit
Posts: 1,524
Registered: ‎08-17-2008
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Re: Jared & kay's Credit Card Question


remarc wrote:

Finally both these cards reported. I got two because i orginally applied for Kays, was ment to apply for Jareds. In the end i was approved for both for $5100. Today they both report with a CL of $2550 . Its helping my UTI as it droped by 13% , however do i really need both? I think $5100 would look better on my report that $2550 on two cards.. I currently have 12 cards and im looking to close some as i feel I have too many cards and in the next 6 months i wish to join a Credit Union and trade my car out for another. 

 

Show i close the Kays card? 

 

What do you guys think? 


I say close one card and show one TL with a higher CL. But call them to ensure if youdo this that they will report the total TL of 5100


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Regular Contributor
remarc
Posts: 170
Registered: ‎03-05-2012
0

Re: Jared & kay's Credit Card Question

Thats what i was thinking.. they originally approved me for Kays with $5100 . then when i realized like a numpty it was the wrong one i applied for Jareds.. then they approved me for that .. 

 

I really want the $5100 trade line. Its shows $5100 on both accounts and and when i call them that its my Credit Limit.

Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
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Re: Jared & kay's Credit Card Question

I am not sure they will keep1 account and transfer the other line to just 1 account 5100$ line.

If i was me i will keep both credit cards because they have a good potential to become both 5k limit in around 3-6 month

Commenity bank did that for me,both cards i have are backd by commenity and both cl increase from 1200$-5.2k and 1200$-3700$ in 4 months

U see it makes a little sense to keep them both but thats my opinion and wish you good luck:smileyhappy:

 


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