09-22-2011 01:38 AM
Hello everyone! Looking for suggestions for a card that would be slightly easier to obtain just to add to my available credit lines. I have 6 revolving accounts. 3 are GEMB store cards with low limits. 3 are major CC's but one is AMEX, the other a Chase with a low CL, and BofA but it's a signature card that doesn't report. I don't carry balances but my UTL is higher than I would like since my total open credit line only reports as $2200 when it should be 3,200. Any cards that are easier to get with 10 inquiries? No baddies just 6 months of revolving history and 10 inquiries. My EX is 709 FICO. TU is 680. What is a good card? I wouldn't use it at all just to have another line to decrease UTL. I don't want to worry about paying my BofA off before the statement cuts just to keep my UTL down. I like the extra days to make the payment. I always PIF. Is Barclays an easier choice?
Just curious here.
I've always thought sig cards had a CL of at least 5k, whether that reports or not.
It makes me nervous when someone who is concerned about utilization says he/she needs another card to keep utilization down, but doesn't want to pay existing cards before the statement cuts in order to keep utilization down...
Not trying to be argumentative here, but which is it?
Not everyone pays before the statement cuts. OP pays in full and doesn't carry balances. OP has his/her own reasons for not paying before the statement cuts. I would think most people (especially not on these boards) pay after the statement cuts, as they have the right to. Not carrying balances is something to be proud of, imho.
Anyway, OP, I was thinking Barclays myself before I finished reading your post. They typically pull TU. Which card do you have with Amex? Maybe you want to try for another (non-charge) account with them? From recent threads, it seems Amex won't do a HP on your reports unless you're approved. Please report back with what you decide to do!
09-22-2011 04:29 PM
Thank you clocktic for understanding the original question and offering your suggestions. I think I will look into Barclays as well as my new Discover that I'll probably never use. Just got approved today for a CL of 1700. Hey it helps with UTL I'll take it. Any suggestions on which Barclays card is best?
09-23-2011 01:07 AM - edited 09-23-2011 01:11 AM
Maybe it was harsh, but again I really still don't get your point regarding public posts and unsolicited advice. Maybe I'm just from a different time, generation, culture, etc --but the way I see it, public posting or not, if I ask for a suggestion about a product, that really is all I need. I was raised to answer people's questions by providing the information requested ONLY. I happen to think that interjecting one's personal opinions that are not only unwarranted but unnecessary is rude. At least that's just how I feel. Sorry for being harsh, but I always find that there is always that "smart" one that feels he/she has to throw in "the two cents." Again down in Louisiana, that translated to RUDE; just saying...
Not trying to be argumentative, or maybe I am, but technically speaking asking for advice on what credit card people recommend you should get to keep utilization down is actually asking for peoples personal opinions not only on credit cards but on your financial situation as a whole. I think the person was just trying to look out for your best interest without knowing all the facts. Although I do agree it was a little rude to interject ones opinion on your financial situation without knowing all the facts. I assume you pump a decent amount of money through your current cards every month and that you need a higher overall credit limit to offset the high utilization that your typical daily spending puts on the cards. If that's the case I would suggest trying for ONE more card if you can spare the inquiry. As for what card should you get, Discover seems to be a very hot card right now. I personally do not like to do business with non-american companies if I can help it but as another user suggested Barclays may be a good option as well.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.