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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Card recommendation for a semi starter

If her AAOA is 1 year, I'd definitely not be concerned about that.

Keep it. It could pay off eventually. Specially when she closes that BoA. Two AMEX's with responsible use looks pretty to lenders.

 

Personally, I like the Zync a lot more. The BCE feels kinda... cheap. She'll see.

 

If I didn't have "too many cards" and the spending to do so, I'd have an AMEX charge card as well.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Valued Contributor
GoodCredBen
Posts: 1,532
Registered: ‎10-25-2011
0

Re: Card recommendation for a semi starter

you say foot in the door.....

 

If i have a corp business amex card.... would that be considered "foot in the door"?

Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 661
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $1750
Gardening Since: 6/1/2014
May the debt elimination begin! 9680/27150
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Card recommendation for a semi starter

I'm unsure.

I've seen various posts by people who say it counted and it didn't. It has your name but might not report to your CR.

Maybe someone with a little more experience in that specific aspect will chime in about it.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Valued Contributor
GoodCredBen
Posts: 1,532
Registered: ‎10-25-2011
0

Re: Card recommendation for a semi starter

they did a HP when i first applied for it lol... seems a little unfair that they dont even report it....

 

Though it did have a 5k limit that was lifted to a NPSL .........soooooooooo idk (got the letter for NPSL once my scores jumped a bit) 

Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 661
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $1750
Gardening Since: 6/1/2014
May the debt elimination begin! 9680/27150
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Card recommendation for a semi starter

It's a charge card?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
SwiftTone
Posts: 1,024
Registered: ‎02-27-2012
0

Re: Card recommendation for a semi starter

 


FrugalRican wrote:

If her AAOA is 1 year, I'd definitely not be concerned about that.

Keep it. It could pay off eventually. Specially when she closes that BoA. Two AMEX's with responsible use looks pretty to lenders.

 

Personally, I like the Zync a lot more. The BCE feels kinda... cheap. She'll see.

 

If I didn't have "too many cards" and the spending to do so, I'd have an AMEX charge card as well.



I think she should keep the BoA for now. She needs a Visa. But like I tell her, MY ideal portfolio is Chase, AMEX, and Discover

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$5000, Barclays NFL: $0/$7000 Discover: $0/$10,000, Citi Dividend: $0/$3500

EQ FICO - 742
TU FICO - 734
EX FICO(AMEX) - 712
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Card recommendation for a semi starter

I should have clarified... close the BoA eventually.

 

Chase would be good for her to app for once her AMEX BCE has grown.

They like to match CL's a little too much, so having the Cap1 and a BCE with a few thousand, improves her chances down the road.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Valued Contributor
GoodCredBen
Posts: 1,532
Registered: ‎10-25-2011
0

Re: Card recommendation for a semi starter

It just says Amex Corp.... sooooo lol 

Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 661
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $1750
Gardening Since: 6/1/2014
May the debt elimination begin! 9680/27150
Established Contributor
SwiftTone
Posts: 1,024
Registered: ‎02-27-2012
0

Re: Card recommendation for a semi starter


FrugalRican wrote:

I should have clarified... close the BoA eventually.

 

Chase would be good for her to app for once her AMEX BCE has grown.

They like to match CL's a little too much, so having the Cap1 and a BCE with a few thousand, improves her chances down the road.


BoA is the most convenient bank in MA, wish we had Chase. Maybe eventually she will close it, not not in the near future. CLI requests online with BoA are HPs right?

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$5000, Barclays NFL: $0/$7000 Discover: $0/$10,000, Citi Dividend: $0/$3500

EQ FICO - 742
TU FICO - 734
EX FICO(AMEX) - 712
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Card recommendation for a semi starter

From what I know, yes.

 

That's why I've never requested one.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)


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