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Senior Contributor
Posts: 4,093
Registered: ‎09-26-2011
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Nearly one year in the garden part 2.

As I mentioned in part 1, I had carefully planned some larger credit card payments so that NO card would be reporting "maxed" out as of 01 August.  I was hoping for a score boost and wondering what/if I should apply for....


Turns out, my zero percent interest promo period from my local credit union finally expired...they added interest, then cut the statement with that card reporting 91% util.




Oh well.  Realizing that the score boost I had hoped for simply wasn't to be, I went ahead and pulled the trigger and had surprisingly good results.  CU refinanced my car at a lower rate, a lower monthly payment, and allowed me to take quite a bit of cash out.


After reaching the magical "approved" screen, I got a pop up telling me that I was pre approved for a bigger, better credit card and did I want to accept?




Click.  Clickity click click CLICK!


Turns out that it is not actually a new account, its just a HUGE credit line increase on my existing credit card with a healthy drop in the interest rate to boot!


(Credit line went from $2,000 to $5,500, interest rate dropped from 21.8 to 16.4)


So, in other words, I just took more than $100 off of my car payment, added $4,500 to my checking account, and increased my available credit by $3,500 all in ONE application.


Pretty good day!

Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Community Leader
Valued Contributor
Posts: 1,111
Registered: ‎05-28-2013
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Re: Nearly one year in the garden part 2.

[ Edited ]

Talk about killing two birds with one stone...   congrats!



Well, in your case it's more like 3 - 4 birds. lol Smiley Tongue

Established Contributor
Posts: 955
Registered: ‎02-02-2013
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Re: Nearly one year in the garden part 2.

Nice!! Congrats!!

NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Super Contributor
Posts: 31,000
Registered: ‎02-07-2013
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Re: Nearly one year in the garden part 2.

Congrats its twinsSmiley LOL

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?
Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
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Re: Nearly one year in the garden part 2.

Posts: 113
Registered: ‎07-20-2013
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Re: Nearly one year in the garden part 2.

congrats! sounds nice

EX 724 ,NFCU Cash Rewards 7k DCU Plat 4.1k, Discover IT 2.5k Chase Freedom 2k. . Cap1 Plat $1.5k, Cap1 QS 1k, , Wells fargo 1.5k, Paypal 1.5k
Senior Contributor
Posts: 6,240
Registered: ‎04-30-2013
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Re: Nearly one year in the garden part 2.

Awesome. You are a credit wizard.

Valued Contributor
Posts: 1,628
Registered: ‎09-15-2012
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Re: Nearly one year in the garden part 2.

That's fantastic!!!!

I knew that the credit union would end up being your best alternative, and it looks like they helped you get your utilization down in multiple ways. I'm really happy it worked out so well for you.

What's the plan with the $4,500???

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Established Contributor
Posts: 620
Registered: ‎05-09-2009
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Re: Nearly one year in the garden part 2.

Congrats!  Feels great when things like this happens, and a bigger bank balance to boot!

Current Score: EQ: 828, EX: 833, TU: 820 Citi TY Premier WEMC 46.5, (Since 1983)Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| Cap One QS WMC 15K|Chase Freedom VS 19.3k|Citi Dividend WEMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2|BBVA Amex 22.5k|Total Rewards VS 12.5k|SGV 10K|Venture 12k|BOA Virgin Atlantic WEMC 11.2K|MB Amex 9.5k
Established Contributor
Posts: 574
Registered: ‎06-04-2012
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Re: Nearly one year in the garden part 2.




EQ: 700 (FICO ScoreWatch) 11/26/14
EX: ??? (No Current)
TU: 681 (Discover FICO) 11/12/14

Last App 9/22/14... In Garden 'till Summer '15

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