Reply
Established Contributor
Posts: 726
Registered: ‎05-12-2012
0

Re: Questions about closing a cc


pgyagnzia wrote:

BrokaToe,

 

What's a BR? Also I've had credit cards for about 6 years all with good standing. Would this help?

 

Sorry I don't know how to quote/box a text.


Oh sorry, by BR I meant Bankruptcy. And yes 6 years of positive history is great! :smileyhappy:


border="0" align="left" width="450" height="90">
Established Member
Posts: 34
Registered: ‎10-10-2011
0

Re: Questions about closing a cc

No, I never file for bankruptcy. What are my chances of getting approve?

 

And please help show me how to box (quote) an original post.

 

Thank you!


Starting Score: 703
Current Score: 792
Goal Score: 800


Take the myFICO Fitness Challenge
Established Contributor
Posts: 726
Registered: ‎05-12-2012
0

Re: Questions about closing a cc


pgyagnzia wrote:

No, I never file for bankruptcy. What are my chances of getting approve?

 

And please help show me how to box (quote) an original post.

 

Thank you!


Like I said, I don't have any experience with Amex approvals but I would say your have a pretty good chance of approval, depends on what the rest of your report looks like, annual income all that good stuff.

 

To quote, click on the reply under the post you want to quote, then when the window pops up for you to type your reply in, look at the right side there is a button that says quote. click on that and it will insert the previous comment.


border="0" align="left" width="450" height="90">
Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
0

Re: Questions about closing a cc

maybe its should be time for u to using your Discover Card for their reward structure and stuff. They also offer 5% to 20% cash back on ShopDiscover. I earn a lot of money by using their link so far.

Your score and history sound good but i dont know if there something hold you back maybe a baddie on your credit report that you dont even know ?????

I would try backdoor number for all of the cards you want increase limit. It's depend how sweet talk and stuff you are to them. You get lucky if its some nice customer service.

I dont find any reason why would you wanna close it since it doesnt come with AF.

A lot of folks here wish to have discover in their wallet. They pain in da *** sometime with their limit thou but i find something really reasonable about credit card company. The more you spend and responsibility you are to your credit card company then you would see some love soon.

Just patient i guess.

One more thing, your file should look good for BCE there is some 150 and $250 for BCP cash back bonus sign up.

Remember 9% credit rule before you apply for anything.

Good luck

 

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

New Contributor
Posts: 121
Registered: ‎02-26-2013
0

Re: Questions about closing a cc

Your chances of getting approved for BCE are pretty good. You very may want to see if you can get your score to 720 first. I was approved with a low income and only one crap1 credit card but a 738 score.

TU: 730 (Lender Pull) ; EQ: 738 (MyFico)
Age:21
Barclay's Sallie Mae 5% Mastercard $1k(4/2013)- My main beach
Chase Freedom $3k (3/2013) - My side beach
Amex BCE $6k (3/2013) - When I feel like a boss
Crapital One Platinum $750 (2/2010) - When I feel like a n00b
Established Member
Posts: 34
Registered: ‎10-10-2011
0

Re: Questions about closing a cc


nicholasyud wrote:

 

Remember 9% credit rule before you apply for anything.

Good luck

 

 


What is the 9% rule?


Starting Score: 703
Current Score: 792
Goal Score: 800


Take the myFICO Fitness Challenge
Established Member
Posts: 34
Registered: ‎10-10-2011
0

Re: Questions about closing a cc


tatterz wrote:

Your chances of getting approved for BCE are pretty good. You very may want to see if you can get your score to 720 first. I was approved with a low income and only one crap1 credit card but a 738 score.


Yes, I'm gonna wait until my score is healtier and apply for AMEX. Thanks!


Starting Score: 703
Current Score: 792
Goal Score: 800


Take the myFICO Fitness Challenge
New Contributor
Posts: 136
Registered: ‎02-20-2013
0

Re: Questions about closing a cc


pgyagnzia wrote:

nicholasyud wrote:

 

Remember 9% credit rule before you apply for anything.

Good luck

 

 


What is the 9% rule?


nicholasyud can clarify his statement, but this is how I use the 9% guideline when apping. I make sure that I rotate cards a few months ahead of apping time so that, at most, only one card at a time per month reports a balance of 1-9% of its limit. It's even better to skip a few months between reported balances to show steady but infrequent use.

 

Staying consistently below 9% looks good to potential lenders/creditors. 


TU 759, EX 744, EQ 779
Current Focus: Gardening indefinitely
Goals: 800 Club, pay off auto loan in 2 years
Valued Contributor
Posts: 1,569
Registered: ‎11-10-2012
0

Re: Questions about closing a cc

[ Edited ]

He means be sure that you are using 9% or less of your total available credit. Sorry, didn't mean to butt-in, but I thought I should just lay out the 9% rule. Axa has a nice strategy for upkeep of cards that will be beneficial in that it demonstrates enough use of the cards to show the issuing company that you are using your credit responsibly. This is conducive to the ccc being comfortable with giving credit limit increases, which will help you stay under the 9% utilization. I would certainly recommend that you follow a similar plan.



My Wallet:
WalMart: ||15k|| USAA Platinum MC: ||26k|| BCE: ||9k|| Chase Freedom Siggy: ||10k|| Discover it: ||6.5k|| SG Visa: ||11k||
USAA World MC: ||23k|| US Bank Cash+ Siggy: ||7.5k|| Citi TYP World MC: ||12k|| Barclays Arrival World MC: ||13k||Citi Double Cash World MC ||25k||Sallie Mae World MC ||18.8k||Fico Scores (3 Fico Monitoring): EQ 751,TU 749, EX 743. Last app: 9-12-14 Sallie
New Contributor
Posts: 136
Registered: ‎02-20-2013
0

Re: Questions about closing a cc

Concisely explained. Yes, that's the 9% rule.


TU 759, EX 744, EQ 779
Current Focus: Gardening indefinitely
Goals: 800 Club, pay off auto loan in 2 years
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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.