@SanityKills wrote:I just recently had a collections fall of my report and it seems to have made a world of difference, even though it was a small one several years ago. I had applied for a Barclaycard last March and was denied. Upon the purchase of a Macbook Pro in late December 2011, I decided what the heck and applied again to see if I'd by some miracle qualify. Well I did, with a limit of $1300.
As a result I pulled my FICO & reports and saw that the collections had come off. So I put on my calendar to apply for a Chase Freedom card in June (six months after my Barclaycard approval). After thinking about it, I couldn't resist and decide not to waste time and see if I would qualify for a Chase Freedom card... and I did.
My ultimate goal is to reach the "Big 3"--a Chase Freedom, a Citi Platinum Select & and potentially a Capital One card.
Now that I'm on a roll, should I apply for a Citi card or will I risk Chase and/or Barclaycard canceling my accounts in the spirit of my seeking too much new credit? I don't want to wait an entire year to reach my goal if I don't have to but I don't want to rain on my progress either.
Last March I went crazy--perhaps with to new of credit (a year's worth at the time) and the cards I qualified for (GEMB) all got yanked after they reviewed my accounts and saw something in the neighborhood of 18 inquiries within days of each other. They were opened for a few weeks before being closed (in good standing). The reason I say this is to note that it appears that six months is the "fall-off" time before creditors stop caring about your "recent inquries".
Wait it out, don't rock the boat with Barclays.
Stay away from the apps now. Let them age.
@SanityKills wrote:
My ultimate goal is to reach the "Big 3"--a Chase Freedom, a Citi Platinum Select and potentially a Capital One card.
Nein, never again will you need or want a Capital One card unless they re-align their business practices: you already have a solid prime card in the Freedom, why go backwards chasing credit from sub-standard lenders?
Nice re: Freedom approval though. Congrats.
@Revelate wrote:
@SanityKills wrote:
My ultimate goal is to reach the "Big 3"--a Chase Freedom, a Citi Platinum Select and potentially a Capital One card.
Nein, never again will you need or want a Capital One card unless they re-align their business practices: you already have a solid prime card in the Freedom, why go backwards chasing credit from sub-standard lenders?
Nice re: Freedom approval though. Congrats.
Why not some of Cap1's prime cards?? (Venture, Green)