@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:Thanks NeverTooLate for your response here ;-)
I am thinking that I 'might' try for the Amazon card. Not 100% certain just as yet.
I've also heard about "Credit Solutions", would you by chance happen to know anything about that, or should I make a separate post and that way keep threads clean?
Thanks in advance.
Do you use Amazon that much? If so than get what you want. Your scores are good. Right now you can probably get any card you want.
I'd focus on more major credit cards than store cards..but that is just me. Doesn't hurt to be a member of several CU's. I think I'm a member with 5 at the moment. lol
Hi Gmood1,
I use Amazon quite a bit and am a Prime Club member. I've been with them for quite a few years now. I do see your point about major credit cards rather than the store cards, and to be honest, that does make a lot of sense. It's just that I shop so much with them, that I was looking from the standpoint that perhaps I could get some good discounts or something. To be honest, I am not really sure, and that's why I came here to get some insights into this from more experienced folks than I am ;-)
I see, well if its going to save you money and benefit you..then it's all good!
I was thinking you may want to get some of the more difficult CC's under your belt before Synchrony. They're one of the easiest companies to get credit with.
Basically follow the path of least resistance once you grab the pickiest cards that would also benefit you.
When you say "more difficult CC's" what exactly do you mean?- those that require 'excellent' credit.
Not necessarily, some require you not to have too many new accounts at the time you apply with them. FYI, your scores at the moment are considered excellent by many lenders.
Ohhhhhh.... "I see" says the wise man. I didn't know that about some of the credit card lenders, nor did I know my scores are considered excellent by some lenders. Hmmm.... that does give me something to think about as well. I can tell you for sure, this is one thing that I like about this website, and its forums! ;-)
LOL...your 20 year mortgage history will give you a huge boost over folks with 750 scores and no mortgage. Simply because you have such a looooong history.
Take your time and research the forums for those unicorn cards that may benefit you. See all of those cards in my signature? I got them all within the last 6 months except one.
I went after the more difficult ones first. If I did it in reverse I wouldn't have a 3rd of them now. ha ha
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:Thanks NeverTooLate for your response here ;-)
I am thinking that I 'might' try for the Amazon card. Not 100% certain just as yet.
I've also heard about "Credit Solutions", would you by chance happen to know anything about that, or should I make a separate post and that way keep threads clean?
Thanks in advance.
Do you use Amazon that much? If so than get what you want. Your scores are good. Right now you can probably get any card you want.
I'd focus on more major credit cards than store cards..but that is just me. Doesn't hurt to be a member of several CU's. I think I'm a member with 5 at the moment. lol
Hi Gmood1,
I use Amazon quite a bit and am a Prime Club member. I've been with them for quite a few years now. I do see your point about major credit cards rather than the store cards, and to be honest, that does make a lot of sense. It's just that I shop so much with them, that I was looking from the standpoint that perhaps I could get some good discounts or something. To be honest, I am not really sure, and that's why I came here to get some insights into this from more experienced folks than I am ;-)
I see, well if its going to save you money and benefit you..then it's all good!
I was thinking you may want to get some of the more difficult CC's under your belt before Synchrony. They're one of the easiest companies to get credit with.
Basically follow the path of least resistance once you grab the pickiest cards that would also benefit you.
When you say "more difficult CC's" what exactly do you mean?- those that require 'excellent' credit.
Not necessarily, some require you not to have too many new accounts at the time you apply with them. FYI, your scores at the moment are considered excellent by many lenders.
Ohhhhhh.... "I see" says the wise man. I didn't know that about some of the credit card lenders, nor did I know my scores are considered excellent by some lenders. Hmmm.... that does give me something to think about as well. I can tell you for sure, this is one thing that I like about this website, and its forums! ;-)
LOL...your 20 year mortgage history will give you a huge boost over folks with 750 scores and no mortgage. Simply because you have such a looooong history.
Take your time and research the forums for those unicorn cards that may benefit you. See all of those cards in my signature? I got them all within the last 6 months except one.
I went after the more difficult ones first. If I did it in reverse I wouldn't have a 3rd of them now. ha ha
Gmood1,
*Wow*, yes I see all of those cards in your signature 
Matter fact, I've been noticing that by numerous folks on these boards, and I was trying thinking to myself, "Gosh, I have a longs ways to go!", and also that "Maybe one day I will be like them!".... all kinds of thoughts in my mind... heh...
So, you are saying that the cards are called "Unicorn" cards. You betcha that I am going to go an research those too. I am trying to be a sponge and take in all that I can and also learn the pluses and minuses of each.
My ultimate credit goal is to become very knowledgeable about borrowing on credit and having good credit lines with low utilization, real estate and the ins/outs of that because although I have a home with a mortgage, I do now own "land" per se, and that's an area I would like to get into as well- but that's a whole other story... lol...
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:Thanks NeverTooLate for your response here ;-)
I am thinking that I 'might' try for the Amazon card. Not 100% certain just as yet.
I've also heard about "Credit Solutions", would you by chance happen to know anything about that, or should I make a separate post and that way keep threads clean?
Thanks in advance.
Do you use Amazon that much? If so than get what you want. Your scores are good. Right now you can probably get any card you want.
I'd focus on more major credit cards than store cards..but that is just me. Doesn't hurt to be a member of several CU's. I think I'm a member with 5 at the moment. lol
Hi Gmood1,
I use Amazon quite a bit and am a Prime Club member. I've been with them for quite a few years now. I do see your point about major credit cards rather than the store cards, and to be honest, that does make a lot of sense. It's just that I shop so much with them, that I was looking from the standpoint that perhaps I could get some good discounts or something. To be honest, I am not really sure, and that's why I came here to get some insights into this from more experienced folks than I am ;-)
I see, well if its going to save you money and benefit you..then it's all good!
I was thinking you may want to get some of the more difficult CC's under your belt before Synchrony. They're one of the easiest companies to get credit with.
Basically follow the path of least resistance once you grab the pickiest cards that would also benefit you.
When you say "more difficult CC's" what exactly do you mean?- those that require 'excellent' credit.
Not necessarily, some require you not to have too many new accounts at the time you apply with them. FYI, your scores at the moment are considered excellent by many lenders.
Ohhhhhh.... "I see" says the wise man. I didn't know that about some of the credit card lenders, nor did I know my scores are considered excellent by some lenders. Hmmm.... that does give me something to think about as well. I can tell you for sure, this is one thing that I like about this website, and its forums! ;-)
LOL...your 20 year mortgage history will give you a huge boost over folks with 750 scores and no mortgage. Simply because you have such a looooong history.
Take your time and research the forums for those unicorn cards that may benefit you. See all of those cards in my signature? I got them all within the last 6 months except one.
I went after the more difficult ones first. If I did it in reverse I wouldn't have a 3rd of them now. ha ha
Gmood1,
*Wow*, yes I see all of those cards in your signature
So, you are saying that the cards are called "Unicorn" cards. You betcha that I am going to go an research those too. I am trying to be a sponge and take in all that I can and also learn the pluses and minuses of each.
My ultimate credit goal is to become very knowledgeable about borrowing on credit and having good credit lines with low utilization, real estate and the ins/outs of that because although I have a home with a mortgage, I do now own "land" per se, and that's an area I would like to get into as well- but that's a whole other story... lol...
That's what I call them...lol
Basically the most illusive cards(unicorns) where the lenders are super picky of inqs and new accounts. I'm still learning as well. This site has a great wealth of knowledge!
I use it as a weapon when I go on the hunt. 
Sure seems like you've got it together. Wishing you the best in all of your endeavours!
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:Thanks NeverTooLate for your response here ;-)
I am thinking that I 'might' try for the Amazon card. Not 100% certain just as yet.
I've also heard about "Credit Solutions", would you by chance happen to know anything about that, or should I make a separate post and that way keep threads clean?
Thanks in advance.
Do you use Amazon that much? If so than get what you want. Your scores are good. Right now you can probably get any card you want.
I'd focus on more major credit cards than store cards..but that is just me. Doesn't hurt to be a member of several CU's. I think I'm a member with 5 at the moment. lol
Hi Gmood1,
I use Amazon quite a bit and am a Prime Club member. I've been with them for quite a few years now. I do see your point about major credit cards rather than the store cards, and to be honest, that does make a lot of sense. It's just that I shop so much with them, that I was looking from the standpoint that perhaps I could get some good discounts or something. To be honest, I am not really sure, and that's why I came here to get some insights into this from more experienced folks than I am ;-)
I see, well if its going to save you money and benefit you..then it's all good!
I was thinking you may want to get some of the more difficult CC's under your belt before Synchrony. They're one of the easiest companies to get credit with.
Basically follow the path of least resistance once you grab the pickiest cards that would also benefit you.
When you say "more difficult CC's" what exactly do you mean?- those that require 'excellent' credit.
Not necessarily, some require you not to have too many new accounts at the time you apply with them. FYI, your scores at the moment are considered excellent by many lenders.
Ohhhhhh.... "I see" says the wise man. I didn't know that about some of the credit card lenders, nor did I know my scores are considered excellent by some lenders. Hmmm.... that does give me something to think about as well. I can tell you for sure, this is one thing that I like about this website, and its forums! ;-)
LOL...your 20 year mortgage history will give you a huge boost over folks with 750 scores and no mortgage. Simply because you have such a looooong history.
Take your time and research the forums for those unicorn cards that may benefit you. See all of those cards in my signature? I got them all within the last 6 months except one.
I went after the more difficult ones first. If I did it in reverse I wouldn't have a 3rd of them now. ha ha
Gmood1,
*Wow*, yes I see all of those cards in your signature
So, you are saying that the cards are called "Unicorn" cards. You betcha that I am going to go an research those too. I am trying to be a sponge and take in all that I can and also learn the pluses and minuses of each.
My ultimate credit goal is to become very knowledgeable about borrowing on credit and having good credit lines with low utilization, real estate and the ins/outs of that because although I have a home with a mortgage, I do now own "land" per se, and that's an area I would like to get into as well- but that's a whole other story... lol...
That's what I call them...lol
Basically the most illusive cards(unicorns) where the lenders are super picky of inqs and new accounts. I'm still learning as well. This site has a great wealth of knowledge!
I use it as a weapon when I go on the hunt.
Sure seems like you've got it together. Wishing you the best in all of your endeavours!
Nah, I don't have it together, but I tell you what... I am certainly trying my best to get my act together. All things considered, my better half has stood behind me, although she grows tired of my obession with reading the forums, reading books on credit and finances, etc... But hey her credit is indeed EXCELLENT, and I am trying to get mine there. I was so upset with her when I learned that she closed out her oldest credit card that she's had for about 25 years now. It was a Chase VISA. She says she closed it because she hadn't used it in about 15 years. Also, that she paid them off almost that same time ago as well. That was her longest line! *WTH*... lol....
And you are right about this site. I wish I knew to take this stuff seriously back years ago when I was in college pursuing my bachelor degree. Back in those days, any college student could get credit. Since I was not working at the time, I kept applying for more credit cards, and with no credit check whatsoever, I was always approved. The only thing you had to do was fill out the student application. It's not totally their fault thought, I am also to blame because I didn't pay those bills, and then used credit lines to pay other credit lines, etc, etc....
Never again! ;-)
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:
@Gmood1 wrote:
@Anonymous wrote:Thanks NeverTooLate for your response here ;-)
I am thinking that I 'might' try for the Amazon card. Not 100% certain just as yet.
I've also heard about "Credit Solutions", would you by chance happen to know anything about that, or should I make a separate post and that way keep threads clean?
Thanks in advance.
Do you use Amazon that much? If so than get what you want. Your scores are good. Right now you can probably get any card you want.
I'd focus on more major credit cards than store cards..but that is just me. Doesn't hurt to be a member of several CU's. I think I'm a member with 5 at the moment. lol
Hi Gmood1,
I use Amazon quite a bit and am a Prime Club member. I've been with them for quite a few years now. I do see your point about major credit cards rather than the store cards, and to be honest, that does make a lot of sense. It's just that I shop so much with them, that I was looking from the standpoint that perhaps I could get some good discounts or something. To be honest, I am not really sure, and that's why I came here to get some insights into this from more experienced folks than I am ;-)
I see, well if its going to save you money and benefit you..then it's all good!
I was thinking you may want to get some of the more difficult CC's under your belt before Synchrony. They're one of the easiest companies to get credit with.
Basically follow the path of least resistance once you grab the pickiest cards that would also benefit you.
When you say "more difficult CC's" what exactly do you mean?- those that require 'excellent' credit.
Not necessarily, some require you not to have too many new accounts at the time you apply with them. FYI, your scores at the moment are considered excellent by many lenders.
Ohhhhhh.... "I see" says the wise man. I didn't know that about some of the credit card lenders, nor did I know my scores are considered excellent by some lenders. Hmmm.... that does give me something to think about as well. I can tell you for sure, this is one thing that I like about this website, and its forums! ;-)
LOL...your 20 year mortgage history will give you a huge boost over folks with 750 scores and no mortgage. Simply because you have such a looooong history.
Take your time and research the forums for those unicorn cards that may benefit you. See all of those cards in my signature? I got them all within the last 6 months except one.
I went after the more difficult ones first. If I did it in reverse I wouldn't have a 3rd of them now. ha ha
Gmood1,
*Wow*, yes I see all of those cards in your signature
So, you are saying that the cards are called "Unicorn" cards. You betcha that I am going to go an research those too. I am trying to be a sponge and take in all that I can and also learn the pluses and minuses of each.
My ultimate credit goal is to become very knowledgeable about borrowing on credit and having good credit lines with low utilization, real estate and the ins/outs of that because although I have a home with a mortgage, I do now own "land" per se, and that's an area I would like to get into as well- but that's a whole other story... lol...
That's what I call them...lol
Basically the most illusive cards(unicorns) where the lenders are super picky of inqs and new accounts. I'm still learning as well. This site has a great wealth of knowledge!
I use it as a weapon when I go on the hunt.
Sure seems like you've got it together. Wishing you the best in all of your endeavours!
And to state the obvious (but sometimes it needs to be said on this forum): just because a card is hard-to-get doesn't mean it makes sense for someone to try to get it. Sometimes the most popular and easy cards will give the best rewards for a certain pattern of spending (which could be why they are popular). It helps to consider a credit card as a (boring) tool, that allows you to get some or all of:
1) loans at a reasonable rate
2) rewards on your purchases
3) perks such as lounge access
Select a card on the basis of how well it meets your goals on these more objective scales, and not focus on things like "is it metal", "prestige" or "hard to get" (slightly different from prestige as the average person in the street won't know to be impressed by some of the harder to get cards!)
No idea. "Too much" varies by credit profile and creditor. And "too much" for what, specifically? Approvals? Keep in mind that an approval is a low bar and just a starting point. Recent credit seeking activity doesn't just affect approval odds but the CLI's, APR's, etc that you stand to qualify for as well as potential for adverse action depending on credit profile.
I would guess that 3 new account is a fair bit of activity for scores in your profile -- assuming that those are FICO 8's. Always consider both the specific scoring model and CRA when referring to scores.
However, you really just have to see how your creditors respond to your recent activity for an answer relevant specifically to you.
@Anonymous wrote:*Wow*, yes I see all of those cards in your signature
Number of cards needs to be the result of your needs/wants, what you can reasonably manage and what your credit profile supports. Don't just get X cards because others have that many.
@Gmood1 wrote:Basically the most illusive cards(unicorns) where the lenders are super picky of inqs and new accounts.
One needs to select cards based on one's needs/wants and how well a given card suits the individual -- not based on perceived illusiveness or being a "unicorn".
Inquiries are a relatively small factor despite the obsession over them here. One always needs to consider sources. The reason why so many here are fixated on inquirieis is because there are many builders and rebuilders with thin and/or poor credit profiles. For such sitations, HP's and new activity can have a much bigger impact. Impact will taper off as a credit profile thickens and improves.
It's not just the card or creditor that matters but one's credit profile as well. The card/creditor is just part of the equation despite how people tend to state that "X gives high limits", "Y is conservative", "Z hates inquiries and/or new accounts", etc.
+1^^
Definitely as I stated previously get the cards that benefit you the most.
Definitely as I stated previously get the cards that benefit you the most.
@longtimelurker wrote:
And to state the obvious (but sometimes it needs to be said on this forum): just because a card is hard-to-get doesn't mean it makes sense for someone to try to get it. Sometimes the most popular and easy cards will give the best rewards for a certain pattern of spending (which could be why they are popular). It helps to consider a credit card as a (boring) tool, that allows you to get some or all of:
1) loans at a reasonable rate
2) rewards on your purchases
3) perks such as lounge access
Select a card on the basis of how well it meets your goals on these more objective scales, and not focus on things like "is it metal", "prestige" or "hard to get" (slightly different from prestige as the average person in the street won't know to be impressed by some of the harder to get cards!)
Hi again longtimelurker,
Thanks for your comments on this too. As I said earlier, I am being like a sponge and absorbing everything. This is another reason why I really like this site is because there are so many different takes/angles on the same thing. It is to the point that I am really starting to love this site!! ;-)
Your point #1, indicates that getting loans at a reasonable rate is something that we should all consider. When the folks at the CU told my better half and I that they would recommend to us to apply for the credit card, rather than the line of credit because of the interest rate, well ummm... we were suprised and shocked to hear this for sure. Our minds was made up on getting a line of credit, but we left HAPPY because of the low interest rate, and the fact that we can pull CASH from our credit card with no additional fees or separate interest charges for that. It all falls under the low APR and no trickery. ;-)
Your point # 2 about rewards, that's also precisely what the person at the CU told us. To be honest, she was the branch manager. She told us that her and her husband make about 90% of their charges on their VISA for the rewards, and pay it off before the bill due date. She said in effect, that they treat their VISA just like their DEBIT card, except only on rare occasions do they use their DEBIT card. My better half then says, you know what my supervisor at work and a couple of co-workers do the same thing. They try to maximize on their rewards and that's the major way that they do it. *Wow*... it has me thinking...
Your point #3 about loung access, I am not sure of what that means, so as soon as I click this "Post" button, I am off to searching and googling... hehehe... I still have lots to learn ;-)
In a nutshell though, this site ROCKS!
@Anonymous wrote:
@longtimelurker wrote:
And to state the obvious (but sometimes it needs to be said on this forum): just because a card is hard-to-get doesn't mean it makes sense for someone to try to get it. Sometimes the most popular and easy cards will give the best rewards for a certain pattern of spending (which could be why they are popular). It helps to consider a credit card as a (boring) tool, that allows you to get some or all of:
1) loans at a reasonable rate
2) rewards on your purchases
3) perks such as lounge access
Select a card on the basis of how well it meets your goals on these more objective scales, and not focus on things like "is it metal", "prestige" or "hard to get" (slightly different from prestige as the average person in the street won't know to be impressed by some of the harder to get cards!)
Hi again longtimelurker,
Thanks for your comments on this too. As I said earlier, I am being like a sponge and absorbing everything. This is another reason why I really like this site is because there are so many different takes/angles on the same thing. It is to the point that I am really starting to love this site!! ;-)
Your point #1, indicates that getting loans at a reasonable rate is something that we should all consider. When the folks at the CU told my better half and I that they would recommend to us to apply for the credit card, rather than the line of credit because of the interest rate, well ummm... we were suprised and shocked to hear this for sure. Our minds was made up on getting a line of credit, but we left HAPPY because of the low interest rate, and the fact that we can pull CASH from our credit card with no additional fees or separate interest charges for that. It all falls under the low APR and no trickery. ;-)
Your point # 2 about rewards, that's also precisely what the person at the CU told us. To be honest, she was the branch manager. She told us that her and her husband make about 90% of their charges on their VISA for the rewards, and pay it off before the bill due date. She said in effect, that they treat their VISA just like their DEBIT card, except only on rare occasions do they use their DEBIT card. My better half then says, you know what my supervisor at work and a couple of co-workers do the same thing. They try to maximize on their rewards and that's the major way that they do it. *Wow*... it has me thinking...
Your point #3 about loung access, I am not sure of what that means, so as soon as I click this "Post" button, I am off to searching and googling... hehehe... I still have lots to learn ;-)
In a nutshell though, this site ROCKS!
Have you seen these cash back charts yet? The Sallie Mae is no longer available... http://ficoforums.myfico.com/t5/Credit-Cards/Cash-Back-credit-card-charts/td-p/4004725
It is usually a good idea to wait a while after applying for several cards, to allow your FICO score to recover, and also allow your recent cards and inquiries to age. That will improve your lilelyhood of approval and also your starting credit limits. But probably more importantly it gives you time to be absolutely sure you are applying for the best cards for your spending habits. And to come up with a strategy on which cards to obtain when, and how you plan to increase the credit limits, etc.
