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Regular Contributor
ineedcreditbad
Posts: 171
Registered: ‎08-18-2007

Which Card to get

Guys,

 

I am looking into getting a new CC. Currently credit rating is very good and i have one Amex, and two Cap One, balances are at zero except for one which is at 50%. Student loans are defferd and have a car loan, I recently bought a house also and will be closing next month.

 

Any advise which card should I be applying for that will be give me atleast 10K limit with a reasonable apr.

 

Thanks

 

Ed

Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008

Re: Which Card to get


ineedcreditbad wrote:

Guys,

 

I am looking into getting a new CC. Currently credit rating is very good and i have one Amex, and two Cap One, balances are at zero except for one which is at 50%. Student loans are defferd and have a car loan, I recently bought a house also and will be closing next month.

 

Any advise which card should I be applying for that will be give me atleast 10K limit with a reasonable apr.

 

Thanks

 

Ed


 

Wait until you close on the house!!!!
Moderator Emeritus
WhirledPeasPlease
Posts: 3,417
Registered: ‎12-27-2007

Re: Which Card to get


MsKiwi wrote:

ineedcreditbad wrote:

Guys,

 

I am looking into getting a new CC. Currently credit rating is very good and i have one Amex, and two Cap One, balances are at zero except for one which is at 50%. Student loans are defferd and have a car loan, I recently bought a house also and will be closing next month.

 

Any advise which card should I be applying for that will be give me atleast 10K limit with a reasonable apr.

 

Thanks

 

Ed


 

Wait until you close on the house!!!!

 

I'll second that.  You never know when they'll pull your credit -- don't do anything to make them twitchy just in case!
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Regular Contributor
ineedcreditbad
Posts: 171
Registered: ‎08-18-2007

Re: Which Card to get

That is the intention to close first and then apply. Should I wait for a month and then apply for CC or right away after closing?
Moderator Emeritus
WhirledPeasPlease
Posts: 3,417
Registered: ‎12-27-2007

Re: Which Card to get

When the new mtg hits it will lower your AAoA.  The actual amount isn't a HUGE deal scorewise, but if the mtg appears on your report they might question your ability to pay for the mtg and the cards.  I'm guessing they'll ask own/rent/other and that might confuse them if there isn't a mtg showing, but eh, who knows.

 

I'd do it as soon as you close.

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Regular Contributor
ineedcreditbad
Posts: 171
Registered: ‎08-18-2007

Re: Which Card to get

Good point. Any suggestion which cards should I be going for that are lending these days?

 

My Blacklist are BOA,CITI, CHASE, WAMU and HSBC. All others are welcome.

Moderator Emeritus
WhirledPeasPlease
Posts: 3,417
Registered: ‎12-27-2007

Re: Which Card to get

How about a CU card?

 

What are your scores?  AAoA?  Length?  Other info?

 

You want a 10k+ card, but your blacklist is extensive.  Why so many on the list?

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Senior Contributor
MattH
Posts: 3,245
Registered: ‎04-03-2008

Re: Which Card to get

[ Edited ]

ineedcreditbad wrote:

Good point. Any suggestion which cards should I be going for that are lending these days?

 

My Blacklist are BOA,CITI, CHASE, WAMU and HSBC. All others are welcome.


If you have solid credit, one to consider is Discover Card, the quiet success of the industry.  They did a better job than most at underwriting during the boom years, so now they have fewer customers they have come to regret having and therefore are under less pressure to clamp down on their customers.

 

More in this thread:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=150185

 

 Edited to add here is the Business Week article mentioned in that thread:

http://www.businessweek.com/magazine/content/09_08/b4120056121668.htm?campaign_id=rss_null

 

Message Edited by MattH on 03-11-2009 08:19 AM
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
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