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why is it so hard for some to STAY In the Garden??

Contributor

why is it so hard for some to STAY In the Garden??

Even tho they know they need to? They still come out and apply for Cards even tho they'll either get a denial or a Toy Limit... Because there uli is high, cards only been open MONTHS, Baddies still on reports, low credit score etc. So glad I've been able to stay put in the garden since May of this year till my Credit profile is OK ENOUGH To start my App Spree. Smiley Happy



Message 1 of 34
33 REPLIES
Valued Contributor

Re: why is it so hard for some to STAY In the Garden??

Because of all the new threads about apps in here!!
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 2 of 34
Established Contributor

Re: why is it so hard for some to STAY In the Garden??

cause your in this forum full of credit nerds, point/bonus/limit chasers =p

 

some people won't ever understand..... like my friends go WHY DO YOU NEED 55k credit limits? Cause it makes my Fico utility happy + just nice to see how much banks trust me Smiley Happy     

 

 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 3 of 34
Moderator Emerita

Re: why is it so hard for some to STAY In the Garden??

Life sometimes makes it hard.  Purchasing a new house? So, now I need a Lowes or maybe a furniture card.  Also, the  sheer joy of receiving an approval  on one card MAKES you think about your portfolio or new offers that tempt you.

 

I am gardening now so I can reach  mid- 700 on all bureaus by January.  Smiley Wink

Message 4 of 34
Valued Contributor

Re: why is it so hard for some to STAY In the Garden??

There's no blanket answer here.  There are a ton of reasons why people step out of the garden:

 

1 They're impulsive

2 A good cc incentive pops up

3 They see someone with a similar credit profile just got approved

4 They don't care as much about the garden as they once did

5 They're done and ready to step out

6 As said above, they moved, got a car, etc. and they're applying for a related credit card

7 It's their choice!

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




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Current Score: 736
Goal Score: 765


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Message 5 of 34
Contributor

Re: why is it so hard for some to STAY In the Garden??

Yea I agree with you guys totally. It's also nice to know that you won't be on pins and niddles while the Credit/auto loan Company reviews your report cause you know you made sure your Garden was right BEFORE You stepped out. That's also a Great feeling I've been told.



Message 6 of 34
Established Contributor

Re: why is it so hard for some to STAY In the Garden??

it's just fun for some people, for instance people who already bought a house, cars and no big shopping left for a few years, they can app for anything and everything and not worry about their credit loss. If you have the ability ot hit 800+ you can app for anything you want you won't drop below 760. There's reward chaser couples who can take 20k+ per person each year in reward bonuses (it's been done, with loop holes) but realistically $5,000 in rewards a year is not too unheard of if that's all your doing is chasing points. so just a game for some people.

 

  exhibit A from 1 year of cards


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 7 of 34
Frequent Contributor

Re: why is it so hard for some to STAY In the Garden??

I find coming on these forums can tempt me to apply for new cards that I do not need.  I see cards that I didn't even think or know about and im like I MUST HAVE THIS CARD NOW!! I really need to have therapy Smiley Indifferent  Anyway, glad there are others with the same problem, now I don't feel so alone in the world lol.

Message 8 of 34
Valued Contributor

Re: why is it so hard for some to STAY In the Garden??


distantarray wrote:

it's just fun for some people, for instance people who already bought a house, cars and no big shopping left for a few years, they can app for anything and everything and not worry about their credit loss. If you have the ability ot hit 800+ you can app for anything you want you won't drop below 760. There's reward chaser couples who can take 20k+ per person each year in reward bonuses (it's been done, with loop holes) but realistically $5,000 in rewards a year is not too unheard of if that's all your doing is chasing points. so just a game for some people.

 

 


Yep, the flyertalk forum shows examples like this.  These are experienced people with lots of credit history, who think nothing of cancelling a bunch of cards so that they can reapply for the same cards (to get new bonuses) in 3-18 months (depending on the issuer).  As distantarray say, most of the time this works fine, as these type of profiles are impacted less by apping.

Message 9 of 34
Valued Contributor

Re: why is it so hard for some to STAY In the Garden??

I was not loved as a child so I need to gain the approval of others.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
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Message 10 of 34