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Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Need Advice before App

[ Edited ]

 

I am building my good credit history with help of this forum. You all established members are doing great help.

 

Now I want to apply for 3 cards for my wife and I beleive her credit file is ready to pull the trigger. Please review following before I apply.

 

Following is summary with utilization 2% and always PIF. Inqueries 2-3 with each CRB.

Credit Scores : In range of 710-720

AU on my Cap1 - CL 750 - Age 10 Month

Cap1 - CL 300 - Age 6 Month

Discover More - CL 1500 - Age 2 Month

JCP GE - CL 600 - Age 3 Month

Walmart - CL 300 - Age 2 Month

 

 

Want to Apply for Following Cards in order:

Amex Zync (If success then BCE also)

BoA Cash Rewards

Amazon Chase

 

All 3 with pull from EQ/EX so little worried about if my order of app is correct or not. I am sure about Zync and Amazon but doubt BoA will approve or not.

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Moderator
Revelate
Posts: 8,159
Registered: ‎12-30-2011

Re: Need Advice before App

With that report profile I think it's too early.  Wait six more months for her own C1 to tick over the 1 year mark.  You might get the Zync now but I'm not so sure about the Amazon card, and you're begging for a BOA counter-offer I think.  Is there some reason you need to apply right now, namely a mortgage in summer '13?

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 703, TU 708, EX 702* (05/30/14, EX older)
Goal Score: 700 in all three (01/01/15)


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New Contributor
kese
Posts: 60
Registered: ‎07-09-2012

Re: Need Advice before App

If i were you, i would ask her to hold off for at least another 6 months.The AAOA is less than a year.

Are all these score fico or fako. Nice scores for a relatively short credit history.

 


Starting Score: 598
Current Score: Trans union fico 713 (myfico 11/1/2012), EQ fico 671, exp 666 by AMEX
Goal Score: 720 across

In my wallet: GE/walmart at $10500, 2 capital ones at $750 each, Elan financial at $400, Amex BCP-$1000, AMEX Gold Delta at $2500, Discover more at $6,000 and Chase freedom at $3000

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Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Re: Need Advice before App


kese wrote:

If i were you, i would ask her to hold off for at least another 6 months.The AAOA is less than a year.

Are all these score fico or fako. Nice scores for a relatively short credit history.

 


Score are FICO. I know AAOA is less and this is another reason for apping. If I get desired cards early then it will be more helpful to build better AAoA. I dont want to wait for another 6 months, if denied then again credit file will be elligible for next app after 6 months..

 

What u say, it is worth trying and utilizing 3 inqueries now. Old inqueries will fall after 6 months and we will be good for next app spree after 3-4 months.

 

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: Need Advice before App


wealthcreator wrote:

Hello Friends,

 

I am building my good credit history with help of this forum. You all established members are doing great help.

 

Now I want to apply for 3 cards for my wife and I beleive her credit file is ready to pull the trigger. Please review following before I apply.

 

Following is summary with utilization 2% and always PIF. Inqueries 2-3 with each CRB.

Credit Scores : In range of 710-720

AU on my Cap1 - CL 750 - Age 10 Month

Cap1 - CL 300 - Age 6 Month

Discover More - CL 1500 - Age 2 Month

JCP GE - CL 600 - Age 3 Month

Walmart - CL 300 - Age 2 Month

 

 

Want to Apply for Following Cards in order:

Amex Zync (If success then BCE also)

BoA Cash Rewards

Amazon Chase

 

All 3 with pull from EQ/EX so little worried about if my order of app is correct or not. I am sure about Zync and Amazon but doubt BoA will approve or not.

 

 


Keep in mind that applying for credit for your wife is not the right thing to do without her consent.  That being said, I think she should stop all apps until after the mortgage which you list as summer '13.  She may have a shot at Zync in December if you want the 2012 year for her.   Let everything age before you start hitting up Chase and BOA


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Re: Need Advice before App


webhopper wrote:

wealthcreator wrote:

Hello Friends,

 

I am building my good credit history with help of this forum. You all established members are doing great help.

 

Now I want to apply for 3 cards for my wife and I beleive her credit file is ready to pull the trigger. Please review following before I apply.

 

Following is summary with utilization 2% and always PIF. Inqueries 2-3 with each CRB.

Credit Scores : In range of 710-720

AU on my Cap1 - CL 750 - Age 10 Month

Cap1 - CL 300 - Age 6 Month

Discover More - CL 1500 - Age 2 Month

JCP GE - CL 600 - Age 3 Month

Walmart - CL 300 - Age 2 Month

 

 

Want to Apply for Following Cards in order:

Amex Zync (If success then BCE also)

BoA Cash Rewards

Amazon Chase

 

All 3 with pull from EQ/EX so little worried about if my order of app is correct or not. I am sure about Zync and Amazon but doubt BoA will approve or not.

 

 


Keep in mind that applying for credit for your wife is not the right thing to do without her consent.  That being said, I think she should stop all apps until after the mortgage which you list as summer '13.  She may have a shot at Zync in December if you want the 2012 year for her.   Let everything age before you start hitting up Chase and BOA


Ofcourse with her consent, just helping her building credit. Not planning any mortgage next year but want to build good credit history and hit 800 mark. I got approved with chase last month so beleive she can also get BoA. Just want to get it reviewed by senior members or will wait for another 2-3 months..

 

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012

Re: Need Advice before App

Anyone else want to comment? Your feedback will be helpful me for me.

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Community Leader
Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

Re: Need Advice before App

[ Edited ]

MHO is to not app any more cards for at least 6 months but 1 year would be best..  Those are really new accounts already with really low limits.  Not the kind of credit building I'd recommend to anyone.  Best thing for right now is patience and time.  Build up some credit history, let the new accounts age and get some SP CLIs under your belt.  You've already got the credit building cards.  Now wait and strive for Prime in 6 mo to a year.  If you decide to app, the only one I'd app is the Zync.  It'd be an EX pull and most of your cards now are TU pullers.  The other cards you have on your wish list, if approved would probably be low limit also.  


Starting Score: 642
Current Score: EQ 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

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Valued Contributor
rootpooty
Posts: 1,690
Registered: ‎10-28-2011

Re: Need Advice before App

You might have a chance at zync now but if it were me I would wait at least 6 mos before apping. If your not patient then your going to get low limits then denials then nothing but denials.
NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
Frequent Contributor
atarvuzdar
Posts: 375
Registered: ‎01-20-2012

Re: Need Advice before App

I agree that your wife will want at least one CC with 1 year of good history. What your wife can do while waiting (if she decides to wait) is request CLI's on both of her GE cards twice in that time-span which may get her higher limits that will make lenders more willing to give her higher limits if and when she's approved. I think any concern about AAoA is negligible because 6 months isn't that far away from when her other cards were first received. :smileyhappy:

 

Whatever the decision: Good luck!

Current: EQ 673 September2013 / TU 696 September2013 (Walmart)
Start: EQ 584 Feb2012 / TU 629 July2012

Wallet: BofA Cash Rewards Visa Sig $5000 / Lowe's $6000 / JCP $3900 / eBay MC $3200 / Barclaycard Rewards $2000 / Walmart $3300 / CapOne NHRC $2000 / CapOne Platinum #1 $2000 / Amazon $1700 / Discover It $1000 / CapOne Platinum #2 (former Orchard) $750 / Amex Zync $500 Autopay

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