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Moderator
Revelate
Posts: 8,362
Registered: ‎12-30-2011

Re: USAA approval wow kidding me!

Jsu: if you knew you might wind up in trouble with a high limit, you probably wouldn't have an issue anyway :smileyhappy:.

I don't understand the USAA approvals either, honestly looks like someone added an extra zero in underwriting.

I do like cdnew's plan if you can swing it with your kid. Whatever is being paid immediately out of pocket for tuition may be a good use for that trade line too assuming it will be paid within the grace period anyway.

Having a hard time thinking of another use for a student and such a tradeline. Out of curiosity, how much did he list as income?
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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mr_postman
Posts: 179
Registered: ‎01-17-2008

Re: USAA approval wow kidding me!

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.

Established Contributor
jamie123
Posts: 744
Registered: ‎03-22-2012

Re: USAA approval wow kidding me!


mr_postman wrote:

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.


I disagree with you! You are TOTALLY wrong!

 

The most important numbers in his life will be his wife's birthday followed by the date of their anniversary and THEN his credit score!:smileytongue:



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LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: USAA approval wow kidding me!


jamie123 wrote:

mr_postman wrote:

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.


I disagree with you! You are TOTALLY wrong!

 

The most important numbers in his life will be his wife's birthday followed by the date of their anniversary and THEN his credit score!:smileytongue:


:smileysurprised:

 

:smileylol:

 




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shakalaka
Posts: 547
Registered: ‎09-10-2012

Re: USAA approval wow kidding me!

Yes, I agree. Forgetting these dates can be much more worse, then a low credit score. Still both can make your life pretty miserable :smileyvery-happy: And recovery from both can be a long way to go ...


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jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: USAA approval wow kidding me!


LS2982 wrote:

jamie123 wrote:

mr_postman wrote:

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.


I disagree with you! You are TOTALLY wrong!

 

The most important numbers in his life will be his wife's birthday followed by the date of their anniversary and THEN his credit score!:smileytongue:


:smileysurprised:

 

:smileylol:

 


+10000

 

 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: USAA approval wow kidding me!

Haha so true.

You will be.doing your kid a world of good if you hang onto those cards until he is more prepared for them. My mom did that with my.discover card. Now it is 5k cl; 13 yrs old. No lates ever.

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Regular Contributor
mr_postman
Posts: 179
Registered: ‎01-17-2008

Re: USAA approval wow kidding me!


jamie123 wrote:

mr_postman wrote:

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.


I disagree with you! You are TOTALLY wrong!

 

The most important numbers in his life will be his wife's birthday followed by the date of their anniversary and THEN his credit score!:smileytongue:


wifes birthday then anniversary both will cause me to use credit cards shes tired of me giving her flowers from her own garden:smileyvery-happy:

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: USAA approval wow kidding me!


mr_postman wrote:

jamie123 wrote:

mr_postman wrote:

my son told me to ho;ld and keep his higher limit card that he is satisfied with a 2K he even ask me that his spending limit on his 2k card will be less that 20% i guess it helps when i keep reminding him the most important numbers in your life is your credit score.


I disagree with you! You are TOTALLY wrong!

 

The most important numbers in his life will be his wife's birthday followed by the date of their anniversary and THEN his credit score!:smileytongue:


wifes birthday then anniversary both will cause me to use credit cards shes tired of me giving her flowers from her own garden:smileyvery-happy:


:smileyvery-happy:

 

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Established Contributor
calihlove75
Posts: 787
Registered: ‎05-16-2012

Re: USAA approval wow kidding me!


mr_postman wrote:

ok after turning 18 this year i added my son to my walmart and target card as AU and he has a Bofa secure card for about 4 months now

current no lates oldest account 4.2 years walmart and target as AU AAOA 1.5 so today we decided to do app spree and this is the result

 

Citi Forward College student  for 2K

Discover More student 2.5K

USAA Cash Rewards Platinum Visa (offer tab) instant approval 15K wow 

USAA Cash Rewards Amex Express (offer tab) instant approval 5K

 

wow my son has higher limit than me :smileyvery-happy:

 


 

Wow, I cannot believe USAA gave a student 20,000 in credit. Not to rain on the happy parade here, but this can be a recipe for disaster, especially  for a teenage boy just starting life as a young adult.


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