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Frequent Contributor
Posts: 385
Registered: ‎01-20-2012
0

Re: Just Wanted to Say Thanks!

Being a recovered abuser of CC's when I was in college (and just getting back on the horse a good 15 years later), I think a $3000 limit on your new card is more than sufficient for the next few years. i would sit tight and not go for any additional credit. It can be tempting and, as a student, you may not find it so easy to pay off those obligations when you start racking up the balances on your cards.

 

Whatever you decide, good luck!

 

P.S. I would close the CapOne with the fee as well since you have a Discover that is older than it.

Citi Double Cash $15,000 / Barclaycard Rewards $8,900 / CapOne Platinum $7,450 / BofA Cash Rewards Visa Sig $7,000 / BofA BankAmericard Visa $3,500 / eBay MC $5,800 / Chase Freedom $1,500 / Discover It $2,300 / Amex Zync / Lowe's $8,500 / JCP $4,800 / Walmart $5,000 / Amazon $4,100
Epic Contributor
Posts: 28,547
Registered: ‎10-23-2007
0

Re: Just Wanted to Say Thanks!


HoneyWholeWheat wrote:

My question is would this be problematic if I stopped working and went to school for a while? I mean, I have a savings account and plan on saving, but I don't think I'd be spending like what I'm doing now. Should I try for another card before I go into this long-term gardening, so my CC profile looks good?


no, you are being approved now and they don't need to know if you are working or not in the future as long as you are handling your bills and making payments.

If you want BCE I would apply for that... backup plan would be a Gold Charge if I was you but go for it now on the blue.

I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Member
Posts: 18
Registered: ‎06-07-2013
0

Re: Just Wanted to Say Thanks!

Okay, sounds like a plan. I think I'll consider a BCE; do you think I could get approved?

Discover TU (7/14): 728
EQ (5/13): 710
AMEX EX (7/15): 740

My Wallet: Discover IT (3.8k), Citi Student Forward (8.3k), AMEX BCE (10k), Chase Freedom (5k), Paypal BML (1k)
Member
Posts: 18
Registered: ‎06-07-2013
0

Re: Just Wanted to Say Thanks!

So, I apped for the BCE and was APPROVED. 

 

I'm done; no more CCs for quite some time. Thanks for the help guys you are amazing!!!

Discover TU (7/14): 728
EQ (5/13): 710
AMEX EX (7/15): 740

My Wallet: Discover IT (3.8k), Citi Student Forward (8.3k), AMEX BCE (10k), Chase Freedom (5k), Paypal BML (1k)
Epic Contributor
Posts: 28,547
Registered: ‎10-23-2007
0

Re: Just Wanted to Say Thanks!

Update with limit... You can call to check it!
Congrats!!
I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Member
Posts: 30,743
Registered: ‎02-07-2013
0

Re: Just Wanted to Say Thanks!


HoneyWholeWheat wrote:

So, I apped for the BCE and was APPROVED. 

 

I'm done; no more CCs for quite some time. Thanks for the help guys you are amazing!!!


Congrats nice card to have 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Frequent Contributor
Posts: 1,250
Registered: ‎02-03-2013
0

Re: Just Wanted to Say Thanks!


HoneyWholeWheat wrote:

So, I apped for the BCE and was APPROVED. 

 

I'm done; no more CCs for quite some time. Thanks for the help guys you are amazing!!!


Congrats on your approval, and welcome to the garden!!Smiley Happy


Starting Score TU 667 EQ 663 EX 655
Current Score TU 778 EQ 776 EX 781 Last Update 4/2016
Garden Club 04/10/2013
Member
Posts: 17
Registered: ‎01-12-2013
0

Re: Just Wanted to Say Thanks!

Called AMEX, the limit is $2500! Can't wait for the card to come in the mail!

Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: Just Wanted to Say Thanks!


HoneyWholeWheat wrote:

Hey guys,

 

I've been lurking this forum for the past year, learning about credit, and taking some proactive measures about it. A year ago, I was approved for a Secured CapitalOne Mastercard w/ a $200 limit. Because of you're advice, I recently applied for a Citi Student Forward w/ a limit of $3,000! 

 

Now, I'm thinking of cancelling the CapitalOne card; is that a good or bad idea? My annual fee kicks in next month, and I have two store cards dating a year ago, and a Discover card from 2011 that I use daily. Any suggestions?


AXE IT.jpg




EQ FICO 548 3/3/16

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