After a year of rebuilding I decided it was time to make some changes to my revolving credit profile.
Background:
Oct 2009 – FICO’s mid to high 500’s
Oct 2010 – FICO’s 700 +/- 10 pts
Still a 3-5 bads reporting on depending which CRA but all over 2 yrs old. No new account in 12 months. 2 inq's in past 12 mos. Income is low 6 figure.
CC’s pre-app spree:
HSBC - $300 CL
AMEX Oasis Optima - $500 CL
Cap One (AU) - $750 CL
My goals were to get a B&N card just to attach to my Nook e-reader, a rewards card of some sort, and a CU card. I hoped to get some decent CL’s in the process but wasn’t holding my breath for it. Also, Amex wasn’t allowing me to app during my spree for a different product due to the “Active Recovery Product” issue. In the process I closed my Optima (it’s only 1 yr old) since I’d like to get a different product in the future with Amex and I’ll ask for a backdate at that time.
So my app results ended up being:
B&N/Barclays – Approved $750 CL
Citiforward – Declined (paid/unpaid collection); recon declined (credit privileges on existing accounts are restricted) Still haven’t figured that one out
Discover More – Approved $1500 CL
PSECU – Approved $20k PSL/Visa Combo (Yay!)
I also opened Penfed membership just to start building relationship. I’m not quite ready to app for credit with them yet.
Now all bureau’s are back on ice. Time to get rid of AF cards and garden. Thanks to the community for all the insights!
