Valued Contributor
Posts: 2,512
Registered: ‎09-26-2011

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!

Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...
Established Contributor
Posts: 612
Registered: ‎05-28-2013

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 :smileytongue:

9/21/14 EQ 704 | AmEx Platinum NPSL | Discover it $11k | BofA Travel Rewards Visa Sig $7k | Citi Platinum Select AAdvantage WMC $10k | Barclaycard Arrival+ WMC $9.7k | Jared/Kay $5.1k | Chase Sapphire Preferred $5k | BofA Cash Rewards Visa Sig $5k | DFS $5k | PayPal SC $5.6k | PayPal Credit $6.5k | Citi Diamond Preferred MC $4.7k | BofA Better Balance Rewards MC $7k | Chase Freedom Visa $4k | Zales $5k | US Bank Visa Platinum $3k | Bloomingdale's $3k | Amex Hilton HHonors $2k | Macy's $2.5k | Amex Delta SkyMiles $1k | Chase Amazon $800
Established Contributor
Posts: 955
Registered: ‎02-02-2013

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
Community Leader
Senior Contributor
Posts: 26,659
Registered: ‎02-07-2013

Re: Nearly one year in the garden part 2.

Congrats its twins:smileylol:

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13

Posts: 26,592
Registered: ‎09-13-2012

Re: Nearly one year in the garden part 2.

Posts: 113
Registered: ‎07-20-2013

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
Community Leader
Valued Contributor
Posts: 5,381
Registered: ‎04-30-2013

Re: Nearly one year in the garden part 2.

Awesome. You are a credit wizard.

NFCU Flagship $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I
Valued Contributor
Posts: 1,567
Registered: ‎09-15-2012

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) $22.200, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
Established Contributor
Posts: 620
Registered: ‎05-09-2009

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: 807 TU: 811 EX: 813 (Fico) 8/14
Goal Scores: 760 Across all 3-Finally

Citi TY Premier 36k| Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| CapOne 15K|Chase Freedom VS 19.3k|Citi Dividend WMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Sams Discover 10k|Chase IHG Select Visa 26k|Macys 5k|Sams MasterCard 10k|Barclay Arrival Plus WEMC 10k|Chae IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k
Established Contributor
Posts: 574
Registered: ‎06-04-2012

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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