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09-18-2012 10:49 AM - edited 09-18-2012 10:55 AM
BofA is reporting only $2000 limit now. Since 2003 (new cli as of last month)
AMEX isn't reporting yet. Neither of the two cards I have with them. Approved last month
BBRZ is only $800 Since 2003
09-18-2012 11:05 AM
I wish I could give you some hard statistics but here's what I do know. Chase and Citi both like to match current limits if approved. Because your new accounts haven't reported yet, your score will take a bump for the worse unless it helps with your utility %. Then the bump may be a wash but I'm still think net decline in FICO. You could garden for 6 months with your new credit and app then for the Chase/Citi/Barclays card of choice and probably get a higher limit because of your 5K cards reporting with history or app now and get a lower limit card that will grow. I'm thinking if you app now Chase, probably get a 2K to 4K limit. If you app 6 months from now, probably 5K+ limit with a lower APR. Just my guessing right now. Hope this helps. Let us know what you decide. I'm with Bichonmom.... app the card that suits your needs the best but I think you have your best chance with Freedom. Seems they have lowered their approval criteria lately.
09-18-2012 11:14 AM
This is what I'm thinking after all sage advice that I got:
App now for the Freedom (I like cash back cards vs. points) because the inq will age off around the same time as the others and I'll have 6 months to a year more history than if I waited.
I can always wait until tomorrow to see if BofA's CL will report. It took a couple days to report after my last CLI.
I'll have 1 card reporting 5k for Chase to see.
This way, even if I have a <$5k card from them, it'll still be reporting a CL and I'll have that advantage for my scores.
09-19-2012 05:37 AM
BoA reported my $5000 CL to EQ, but it's not showing up on TU or EX.
UGH!! What do I do? Take the chance in hopes that Chase pulls EQ and matches my limit?
You could wait for EX and TU to catch up or take a chance and app. If you can wait, I'd wait and get that 5K limit reporting. TU is notorious for reporting late (it could be 3 more days before it shows up) but I am surprised that EX doesn't already show it. What state do you live in?
09-19-2012 06:06 AM
09-19-2012 06:08 AM
09-19-2012 06:25 AM
09-19-2012 06:51 AM - edited 09-19-2012 07:59 AM
You are welcome! I live vicariously through others on this site. LOL. My apping days are over (I have the cards I want now) but I like to help strategically plan other's CC journey. I learn so much everyday from this site. Got to love myFICO! . BTW- I think you are already totally Prime now. Just a matter of CLs and getting the cards that benefit you the most.
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