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Valued Member
Nelly510
Posts: 32
Registered: ‎03-20-2012

Re: went store card crazy today

Thanks guys! is it smart to cancel both first premier and orchard and keep the following cards? btw bloomingdales called me to verify some more information yesterday and raised my credit from $300 - $800 just verifying some questions.

 

Capital One Platnium - $500

Kays Jewelers - $2800

Bloomingdales - $800

Amazon - $600

WalMart - $600

Chevron - $400

Victoria Secret - $350

 

or do i hold on to these:

 

First Premier - $250

Orchard Bank - $400

 

Please let me know the best scenario thanks!

Credit Cards :1st Premier - $0/$250,Orchard Bank - $90/$300, Capital One - $400/$500

Store Cards : Amazon - $0/$600, WalMart - $0/$600, Victoria Secret - $0/$350, Bloomindales - $0/$800, Kays Jewelery - $0/$2800, PayPal Smart Connect - $0/$400

Gas Cards : Chevron - $0/$400
Moderator
Revelate
Posts: 6,738
Registered: ‎12-30-2011

Re: went store card crazy today


Nelly510 wrote:

Thanks guys! is it smart to cancel both first premier and orchard and keep the following cards? btw bloomingdales called me to verify some more information yesterday and raised my credit from $300 - $800 just verifying some questions.

 

Capital One Platnium - $500

Kays Jewelers - $2800

Bloomingdales - $800

Amazon - $600

WalMart - $600

Chevron - $400

Victoria Secret - $350

 

or do i hold on to these:

 

First Premier - $250

Orchard Bank - $400

 

Please let me know the best scenario thanks!


I'd likely close the FP card (high AF / monthly fees) and no real upside for you.

 

I'd keep the Orchard as a national bank card until you replace it with something else in the future.  Cap One and Orchard are your only two non-store cards, and from an underwriting perspective some lenders will discount store tradelines.  


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 672, Wally TU 686, EX 702 (04/14)
Goal Score: 700 in all three (01/01/15)


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Valued Member
Nelly510
Posts: 32
Registered: ‎03-20-2012

Re: went store card crazy today

Thanks Rev!! i will close First Premier this month!!

Credit Cards :1st Premier - $0/$250,Orchard Bank - $90/$300, Capital One - $400/$500

Store Cards : Amazon - $0/$600, WalMart - $0/$600, Victoria Secret - $0/$350, Bloomindales - $0/$800, Kays Jewelery - $0/$2800, PayPal Smart Connect - $0/$400

Gas Cards : Chevron - $0/$400
Established Member
MRomano442
Posts: 48
Registered: ‎12-28-2012

Re: went store card crazy today

congrats but i am so surprised macys didnt approve also... very werid I have a Bloomingdales/Amex for 10,000 and Macys store for 6,000 I knew they would increase..


Nelly510 wrote:

Thanks guys! is it smart to cancel both first premier and orchard and keep the following cards? btw bloomingdales called me to verify some more information yesterday and raised my credit from $300 - $800 just verifying some questions.

 

Capital One Platnium - $500

Kays Jewelers - $2800

Bloomingdales - $800

Amazon - $600

WalMart - $600

Chevron - $400

Victoria Secret - $350

 

or do i hold on to these:

 

First Premier - $250

Orchard Bank - $400

 

Please let me know the best scenario thanks!


 

Valued Contributor
BearsAndTurtlesRtheBest
Posts: 2,942
Registered: ‎10-02-2012

Re: went store card crazy today

hmmm your post has made me feel like I should tell my sister to request CLI on her MCAYS card havent gotten any cli since opened in APRIL 2012 current CL is 300 :smileytongue:


Wells Fargo Platinum VISA $1,000
Sony VISA $500
Bloomingdale's Credit Card $800
Macy's Credit Card $600
EX FICO---,EQ FICO---,TU FICO---, AAOA---, In the Garden Since 03-25-14
Regular Contributor
randeman
Posts: 162
Registered: ‎12-13-2012

Re: went store card crazy today


Nelly510 wrote:

Hey guys i am in the process of rebuilding my credit, I am currently in the low 600s and i just recently got approved for 2 cars from bmw financial, one of the loans is at 3.9% and the other loan is at 9%. So today i went a little crazy and decided to apply for some store cards and got approved for the following:

 

Amazon - $600

Wal-Mart - $600

Chevron - $400

Victoria Secret - $350

Bloomingdales - $300

 

Total - $2250

 

but i did get denied for the following:

 

Old Navy

Macys

Neiman Marcus

Nordstrom

Target

 

So that was a total of 10 inquiries, i know its bad but i hope after awhile it will help me out.

 

My cards that i currently own are as follows:

 

Capital one platnium - $500

Orchard Bank - $400

1st Premier - $300

 

How do you guys think its going so far besides the big slurge i did today?


I would be curious to know why the others denied you. 

 

I would be willing to bet Macy's will approve you once they see how you do with the Bloomie's card.  Since they're the same company and their credit is administered by the same company.

Experian Score: 654--Capital One 3 February 2014; Equifax Score 684--MyFICO--16 January 2014; TransUnion Score 667--Discover--8 February 2014

Cards and Credit Lines: Escape by Discover, Chase Sapphire Signature Visa, Chase United MileagePlus Explorer Signature Visa, Barclay's Holland America Visa, Citibank Custom Credit Line, Paypal Custom Connect Credit Line, Bloomingdale's, Macy's Elite, Amazon Store Card, and Lord & Taylor.


Closed: Dell Financial Services credit line. SOBs cut my credit limit, so I cut the cord. S****w 'em!

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