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Re: Nervous about my card choices

[ Edited ]

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

BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
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Re: Nervous about my card choices

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. :smileyhappy:  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.  


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

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Re: Nervous about my card choices

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. 

 

BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
Regular Contributor
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Re: Nervous about my card choices

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?

BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
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Re: Nervous about my card choices


MontegoMack wrote:

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. :smileyhappy:  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?


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

Regular Contributor
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Re: Nervous about my card choices

I'm in Connecticut. Any idea as to who Chase pulls here?

According to USAA CMS, only EQ is showing it. I can wait a few days to have EX and TU catch up.

BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
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Re: Nervous about my card choices

LOL- bad news. From what I can tell, Connecticut residents either get TU or EX pulled for credit approvals with Chase based on the credit pulls database. What luck! I don't put too much stock in that database but I wouldn't chance it either if you want Chase to see your new limits. :smileyhappy:.

Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

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Re: Nervous about my card choices

Just an FYI- the last entry on that database was 12/11 so really it could be any of the CRAs they pull.

Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

Regular Contributor
Posts: 201
Registered: ‎01-21-2012
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Re: Nervous about my card choices

I think it's best that they do see my new limits. I'll wait. Maybe tomorrow. Thank you for your help. I think the Freedom card will be what I need to round everything out.
BofA Cash Rewards Signature Visa 5k
Chase Freedom 9k
BBRZ MC 800 (SD)
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Valued Contributor
Posts: 1,405
Registered: ‎07-12-2011
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Re: Nervous about my card choices

[ Edited ]

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! :smileyhappy:. BTW- I think you are already totally Prime now.  Just a matter of CLs and getting the cards that benefit you the most. :smileyhappy:


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

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