Reply
Established Member
Posts: 42
Registered: ‎07-12-2012
0

app spree recommendations?

Ok folks, here's my current situation:
Ex: 619, EQ: 661: TU: 670 (all FAKO, except EX which I got from BMW denial).
EQ and TU are clean except for 1- 30day late on Bloomingdales card from 2010.
EX still has 2 charge offs (HSBC, chase) both from 2006-2008 that I am currently GW and disputing.
Inquiries: BMW from 1 month ago, Chase freedom denial from last winter (9 months), 2 from TD a year ago.

My only positive tradelines are TD bank secured card for almost 1 year, and old closed Zales charge card (interestingly renamed to Citibank recently).

I'm trying hard to wait till the COs on EX come off before I start, but very anxious!

I only really want two things, Amex BCP and Chase Freedom. So I intend to app for:
Amex Zync
Chase Freedom
Walmart store card (GE)
Amazon store card (GE)

Zync is to get my foot in the door, Freedom because I really want it, and the GE cards for the periodic CLI. I also want to join 2 credit unions for interest checking/savings, but they do hard pulls.

How does my strategy look? Do I stand a high chance of approvals? What else should i app for? I don't want to waste hard pulls, and I really need to rehab my credit ASAP. Will be looking for mortgage in 1-2 years.




Starting Score: (USAA FAKO scores)
ex:579 eq:585 tu:603

Current Score: (7/2012) ex: 585 eq:663 tu:603
(8/2012) ex: 657 eq: 673 tu: 671

Goal Score: 850+


Take the FICO Fitness Challenge
Epic Contributor
Posts: 24,407
Registered: ‎10-23-2007
0

Re: app spree recommendations?


burnednotice wrote:
Ok folks, here's my current situation:
Ex: 619, EQ: 661: TU: 670 (all FAKO, except EX which I got from BMW denial).
EQ and TU are clean except for 1- 30day late on Bloomingdales card from 2010.
EX still has 2 charge offs (HSBC, chase) both from 2006-2008 that I am currently GW and disputing.
Inquiries: BMW from 1 month ago, Chase freedom denial from last winter (9 months), 2 from TD a year ago.

My only positive tradelines are TD bank secured card for almost 1 year, and old closed Zales charge card (interestingly renamed to Citibank recently).

I'm trying hard to wait till the COs on EX come off before I start, but very anxious!

I only really want two things, Amex BCP and Chase Freedom. So I intend to app for:
Amex Zync
Chase Freedom
Walmart store card (GE)
Amazon store card (GE)

Zync is to get my foot in the door, Freedom because I really want it, and the GE cards for the periodic CLI. I also want to join 2 credit unions for interest checking/savings, but they do hard pulls.

How does my strategy look? Do I stand a high chance of approvals? What else should i app for? I don't want to waste hard pulls, and I really need to rehab my credit ASAP. Will be looking for mortgage in 1-2 years.




I would apply in this order too (the credit card list first) followed by the 2 CU's and if they are HP's, ask if they can use that same INQ for any credit apps (Make the most of it if you can!)

 

I don't think you will get Chase but won't hurt and you can recon a couple times... 

Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
83 Cards and Counting :smileytongue:
Established Contributor
Posts: 1,047
Registered: ‎02-03-2009
0

Re: app spree recommendations?

[ Edited ]

First of all, you need to find out your real FICO scores, as you say those listed are FAKO's (except EX). I would say if you CO Chase in the past , you may not get in with them (possibly on a re-con). Why did they deny you when you apped 9 mos ago, and did you take care of the things listed in the denial letter?

 

Also, EX is your worst score, and you still have baddies reporting, so Zync is not guaranteed either. The GE cards will likely pull TU, and that score is decent. I would app for the GE cards, and then chill out until at least until the baddies are resolved on EX then I would do the Zync.

 

You should research the cards you want once you know your true FICO's, and make sure your scores/reports are in line with what people have that are getting approved. You have a short file, with a few baddies, you cannot afford to waste INQ's for cards you cannot get.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (4), Chase (6), Nordstrom Visa,US Bank Cash+, Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (5), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, DC Premier MC, Macy's AMEX; A few store cards.

Current Scores: EQ My Fico (12/14): 785; TU MyFico (12/14): 793; EX (My Fico): 765; Walmart TU Fico 08 (1/2015): 788
Established Member
Posts: 42
Registered: ‎07-12-2012
0

Re: app spree recommendations?

Chase previously denied me based on the CO and 2 active collections. I recently had the collections removed, and am currently GW the CO.

I agree, I intend to clear the baddies before applying, though I am getting very impatient!

Starting Score: (USAA FAKO scores)
ex:579 eq:585 tu:603

Current Score: (7/2012) ex: 585 eq:663 tu:603
(8/2012) ex: 657 eq: 673 tu: 671

Goal Score: 850+


Take the FICO Fitness Challenge
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: app spree recommendations?

IMO, you should be able to get the GECRB cards with a $400-$800 limit pretty easily, maybe the Zync, but the Freedom will be hard to get and will likely require use of the backdoor number(s). I almost got denied for my Chase Freedom because of high util on one card, even though my overall util. was around like 15%.

 

You should be able to build thicker credit lines with the GECRB cards in a year, then potentially get the Freedom with a larger limit.

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: app spree recommendations?

You will get the two GE cards, albeit with low limits, but they will grow.

 

I would app the Zync, then GE cards, then freedom.

 

This way, if you are declined the zync, you will at least get your Ex score for free.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Established Member
Posts: 42
Registered: ‎07-12-2012
0

Re: app spree recommendations?

Update:
Zync $500 autopay
Amazon (GE) $600
Walmart (GE) $600
Paypal smartconnect $300
Freedom - under review
BofA bankamericard - review

Expected the results but was hoping for more. Disappointed with the $500 limit on the Zync, I think my $35k salary influenced it. I easily make 15-20k cash in various side jobs and gigs, but i don't report it. Can/should i tell them about that??
I will recon chase and BofA after the labor day weekend.

Starting Score: (USAA FAKO scores)
ex:579 eq:585 tu:603

Current Score: (7/2012) ex: 585 eq:663 tu:603
(8/2012) ex: 657 eq: 673 tu: 671

Goal Score: 850+


Take the FICO Fitness Challenge
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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.