Well the title says it all. I apped and was approved for my first GE card.
It was an accident really. I was supposed to be in the garden after my car purchase. I ended up with an inq from AT&T to start UVerse TV and internet services. My ex is moving out of the house (tomorrow!!) and that leaves me with no couch or end-tables in the living room. My idea was to get a cheap sofa. I had $250 in rebate Visa cards from AT&T to put toward the purchase. So I thought, hmmm, $750 should get me a couch that I can live with, right?
Enter Rooms-To-Go. I found a darling set on display for the right price. Sofa, loveseat, coffee table (mine could use replacing), and 2 end tables for $750. Woo! Right?
Only problem is, they had this rocking recliner chair sitting next to that set that I completely adored. I could swap out the loveseat for it. I was't sold on the idea of either-or, and I knew one day I'd want to complete the set.
My intent was to use up my Visa gift cards and put the rest on my (USAA) AmEx. That would mean 9.99% interest after 45 days though. So I inquired about the financing. One more inq (within 30 days) wouldn't kill me right? My EQ had something awful like 9 or 10 inqs, and they'd all fall off at the same time anyway...
Got through the app and saw it was backed by GEMB. Score! I knew I'd have a really good shot at getting it.
Well, I was floored. $3,200!
Interest-free for 3 years as long as I make my payments on time. I was not expecting such a generous CL. As long as the CL reports at $3200, I shouldn't have major issues with UTIL, it will be less than 50% from the start.
So... I ended up getting the loveseat AND the rocker/recliner. 
The whole room actually. Which came with a couple weird ass lamps. Good thing, because there will soon be no lamps in my living room either...
I spent a little more than I had planned, but I could pay $40/month and have it all payed off before the 3 years is up. That amount is nothing to my budget, and same-as-cash is a beautiful thing. And now I have a "nice" living room set. It's nothing like my Ethan Allen bedroom suit, but I'm hoping this will last me at least a couple years.
Delivery is in 2 weeks. That's a long time to be without a couch, but the rest of my house is furnished, so it shouldn't be too bad. I'm soooo excited!
Congratulations! IME, GE back accounts are great, and it sounds like you got a good deal. Enjoy your new living room.
Starting Scores for 2013: EQ 723, TU 735, EX Credit Sesame 751
Current Scores: EQ 733, TU 724 (05/01/2013), EX Credit Sesame 725 (05/08/2013)
Goal Score: 740+ FICO scores
Take the FICO Fitness Challenge Bronze Spade Garden Club Member - Last App: 03/04/2013 - No apps until Fall 2013
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apandabear wrote:Well the title says it all. I apped and was approved for my first GE card.
It was an accident really. I was supposed to be in the garden after my car purchase. I ended up with an inq from AT&T to start UVerse TV and internet services. My ex is moving out of the house (tomorrow!!) and that leaves me with no couch or end-tables in the living room. My idea was to get a cheap sofa. I had $250 in rebate Visa cards from AT&T to put toward the purchase. So I thought, hmmm, $750 should get me a couch that I can live with, right?
Enter Rooms-To-Go. I found a darling set on display for the right price. Sofa, loveseat, coffee table (mine could use replacing), and 2 end tables for $750. Woo! Right?
Only problem is, they had this rocking recliner chair sitting next to that set that I completely adored. I could swap out the loveseat for it. I was't sold on the idea of either-or, and I knew one day I'd want to complete the set.
My intent was to use up my Visa gift cards and put the rest on my (USAA) AmEx. That would mean 9.99% interest after 45 days though. So I inquired about the financing. One more inq (within 30 days) wouldn't kill me right? My EQ had something awful like 9 or 10 inqs, and they'd all fall off at the same time anyway...
Got through the app and saw it was backed by GEMB. Score! I knew I'd have a really good shot at getting it.
Well, I was floored. $3,200!
Interest-free for 3 years as long as I make my payments on time. I was not expecting such a generous CL. As long as the CL reports at $3200, I shouldn't have major issues with UTIL, it will be less than 50% from the start.
So... I ended up getting the loveseat AND the rocker/recliner.
I spent a little more than I had planned, but I could pay $40/month and have it all payed off before the 3 years is up. That amount is nothing to my budget, and same-as-cash is a beautiful thing. And now I have a "nice" living room set. It's nothing like my Ethan Allen bedroom suit, but I'm hoping this will last me at least a couple years.
Delivery is in 2 weeks. That's a long time to be without a couch, but the rest of my house is furnished, so it shouldn't be too bad. I'm soooo excited!
HAHA this made me LOL...Congrats!!
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