10-01-2012 08:17 AM
So last Thursday was my 61st day with my Amex Surpass, but they've been softing me on the 28th. So I waited until today, hoping to get the most up to date soft pull. Was a little worried because an installment loan that I've paid more than half of the balance on hasn't reported a new balance in months. I know Amex likes to see regular, greater than minimal payments, but what can you do.
So: Original limit 1k, asked for 3k, instant approval. I've put a little over 4k through the card, mostly to get the 3k spend in 3 months for 20k bonus points. I am really excited about this limit increase, since most of my upcoming hotel stays are between 1 and 2k. Now I can use this card and get the double dip and 9 pts/dollar. Now, to bide my time for 6 months and ask for the 9k.
My USAA World MC is already my highest limit at 7k, but with a baby on the way, I'm hoping to have a bigger "emergency" pool to draw from. I'd also like to use it for larger purchases where Amex isn't accepted. I knew this was a hard pull, but thought it was worth the cost. Applied over the phone. They didn't ask me for an amount, just said it would be an inquiry and an instant decision. Got increase from 7k to 13k. I must be hanging out here too often, because I was a bit disappointed. Was hoping for a really big limit to help convince other creditors, but should probably be happy. After all, a year ago my highest limit was 1k on a secured card.
I did ask about interest rate reductions and was told they review cards once a year, but that reductions are rare. He said I would most likely need to apply for another card to see a lower rate. Oh well.
Was on a roll, so thought about calling the Capital One executive number, but I can't think of what they could say that would make me keep this card beyond November. Even if they substantially raised my limit and waived the AF, I just don't use this card. So I'll leave that number for people more frustrated than me.
So current lineup is: USAA WMC 0/13000, Amex Surpass 0/3000, Amex zync (15k purchase has gone through), Discover more (800/3000), Chase SW RR (0/5000) and Cap 1 no hassle rewards (0/1250). I'm an AU on my wife's WF card (0/16,600).
I will close the Cap 1 in November and in December will try to convince Chase to convert my SW card to a CSP. I have no plans to add any cards, just focused on growing limits, getting rewards and waiting for the last of 2006 badness to fade.
Thanks to this forum for all the info. Never would have gotten here without all the advice. Best of luck to all applying...
10-01-2012 08:29 AM
That's fantastic, wtg!
10-01-2012 08:39 AM
10-01-2012 08:43 AM
Congrats! Great success story.
10-01-2012 09:01 AM
10-01-2012 09:12 AM
Great success story
Also congrats on your upcoming baby
Thanks! I suspect I will be too busy with him to be tempted to app for anything for a while.
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.