09-04-2012 03:51 PM
Well I went on a mini App Spree and applied for 3 cards and was suprisingly approved for all three. Ashley Furniture through GE Capital for $6K, Amex Blue Cash Preferred for $3K, and the big surprise Citi Diamond Preferred for $8.3K. I only had two other cards both Capital One $500 and $3.5K limits 5% utilization between the two.
My FICO's based on mortgage App were EQ 701, TU 715, EX 732, AAOA is 10 years and a lot of lates from 2006-2008 30/60/90 days about 20 total perfect since 1/1/2008. I also have student loans, car loan, and mortgages. After the online approval I called to see if I could push my luck and get more with CITI but no luck there. I could not be happier and am completely shocked based on reading so many posts on here of other peoples experiences with similar scores. Income could help I am well over $100K/year. No should apply for one more or just Garden? Does Citi do 61 day CLI like AMEX?
09-04-2012 03:53 PM
AFAIK citi will not process clis until you have had the account for more than 6 months. The 61 day 3x sp cli policy is unique to amex
09-04-2012 03:59 PM
I don't think you NEED anything else, but do some research on what rewards cards best fit your spending habits. You may find that a Chase Freedom or Discover More/It could be a nice addition. Both are likely within reach for you, given your scores and income.
09-04-2012 04:13 PM - edited 09-04-2012 04:17 PM
Personally, with your income what it is, I would hold off on apping for anything else, optimize your utilization asap and go for a 3x cli with amex after 61 days.
After that, you could app for whatever else fits your needs and would likely get a better starting limit for any other cards you app for.
Also, the reason you want to optimize your utilization right away is that amex bases their cli decisions on the report they obtained from the most recent soft pull of your credit report. Since you don't know the exact date amex will soft you, it's best tokeep util at optimal level for awhile prior to any cli request. Edit- reread op and your utilization seems pretty good so not really much to optimize short of maybe letting one card report a.balance between 1-9% with all other cards at a zero balance
09-04-2012 06:41 PM
Nice spree! Congrats!
09-04-2012 08:15 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.