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Established Contributor
Cory
Posts: 671
Registered: ‎03-15-2007
0

Re: Will WaMu approve me?



Irvin wrote:
haha. I am 4 right now...
 
but 20 is not thatttt far away. Almost there.
 
haha jk

 
You are going to need an accounting clerk to pay the bills for you.
Cory
1. American Express Blue Cash Preferred~2. BankAmericard Cash Rewards World MasterCard~3. BankAmericard Travel Rewards Visa Signature ~4. Discover It~5. Citi Forward Visa Signature~6. CCCU MasterCard.
Valued Member
jbryant710
Posts: 27
Registered: ‎03-31-2007
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Re: Will WaMu approve me?

I'm been reading this forum for about 2 weeks now and I love it.  Thank you so much, everybody, for the answers I've already gotten without even asking.  I do have a question, if someone can answer it.  I, too, just applied for a wamu card via a preapprove offer and applied online.  I got an email that said I was approved,  just haven't gotten the card yet.  Anyway, that is about the 4th card I've gotten in a month period.  Am I going to lose a ton of points because of all the inquiries?  Will I also lose points for my history average, having so many new cards?  I went from having an Orchard I got last year, to a Chase (invite) an Orchard Platinum (invite) a Macy's and now a WAMU.  I figured I needed some more credit, but I think I may have gone to far. 
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
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Re: Will WaMu approve me?



jbryant710 wrote:
I'm been reading this forum for about 2 weeks now and I love it. Thank you so much, everybody, for the answers I've already gotten without even asking. I do have a question, if someone can answer it. I, too, just applied for a wamu card via a preapprove offer and applied online. I got an email that said I was approved, just haven't gotten the card yet. Anyway, that is about the 4th card I've gotten in a month period. Am I going to lose a ton of points because of all the inquiries? Will I also lose points for my history average, having so many new cards? I went from having an Orchard I got last year, to a Chase (invite) an Orchard Platinum (invite) a Macy's and now a WAMU. I figured I needed some more credit, but I think I may have gone to far.



IHMO- Play it cool for awhile and let them age a bit, keep the UTL down and ask for CLI's in a few months.
Valued Member
jbryant710
Posts: 27
Registered: ‎03-31-2007
0

Re: Will WaMu approve me?

Thank you so much, Timothy. 
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
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Re: Will WaMu approve me?



jbryant710 wrote:


Actually you made the right move. Your credit will be for the better after 6 months. :-) Congrats.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
Irvin
Posts: 510
Registered: ‎04-17-2007
0

Re: Will WaMu approve me?

[ Edited ]
i applied for Orchard, WaMu, Hooters, and Amex in the past month. All approved.
 
I already had cap1 for 5 years now, never late.
 
I guess i might take a hit with the score right now because of new accounts but i need credit for future. Trying to buy a condo or a house in 3-4 years, and a car hopefully beginning of 2008.
 
 


Message Edited by Irvin on 06-06-2007 02:17 PM
Valued Member
jbryant710
Posts: 27
Registered: ‎03-31-2007
0

Re: Will WaMu approve me?

Thanks Ilovepizza, I really needed to hear that :smileyhappy:
Frequent Contributor
Lori344
Posts: 313
Registered: ‎04-01-2007
0

Re: Will WaMu approve me?

They approved me with a TU 645
Established Contributor
Cory
Posts: 671
Registered: ‎03-15-2007
0

Re: Will WaMu approve me?

I got the same pre-approvals twice, $7,500.00 CL, No Annual Fee.
1. American Express Blue Cash Preferred~2. BankAmericard Cash Rewards World MasterCard~3. BankAmericard Travel Rewards Visa Signature ~4. Discover It~5. Citi Forward Visa Signature~6. CCCU MasterCard.
Established Contributor
Revike
Posts: 720
Registered: ‎05-04-2007
0

Re: Will WaMu approve me?


ilovepizza wrote:
For WAMU Specifically. **Wamu does strange things with apps. Before you apply, make sure you have either a 0$ balance or very very close to $0 on your credit reports with all other credit cards. It will improve your odds greatly with WAMU. They do not like UTL when applying.



This is not necessarily true. You mentioned in another thread that you were carrying 12 inquiries (if I remember correctly) at the time you applied. Even though WaMu claimed the reason for declining was your utilization, I think your inquiries were the key factor. I recently applied online for a WaMu card and received an instant approval. My utilization at the time I applied was 29%, but I had 0 inquiries during the previous 12 months.

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