02-18-2011 01:05 PM
Last month while in store, I app'd for the card at the kiosk but was denied instant credit because "we are unable to process your request" (or something like that). It then told me to call the given toll free number. Since getting a denial is not the most pleasant feeling in the world I, feeling flustered, closed out the screen and with tail between the legs and head down proceeded to go home and tend to my wounded ego. Once I got in my car, however, I realized that they probably needed verification since I was applying in SC with a VA home address (my mail is getting forwarded to me here). No one in the store knew what number to call so I went back to the kiosk and went through the process again, getting the same message and phone number. I called, they verified, and said I was approved for $500 and that the card would be sent to me. A few days later, I got a notice saying that my CR has changed and sure enough it was already reporting...but the card never came. This was maybe 2 weeks ago.
A few days ago, I get a letter in the mail saying that before they can process the card, I would have to call the number for verification. I called, she said she had to ask a few questions, I told her I already went through this process, but could do it again. She told me congratulations, I was approved for a CL of $500 and that the card would be here in 7-10 days. I explained that I have my mail forwarded from my VA address and asked if that would be a problem. She told me no and that I should have it closer to 10 days.
This morning I got an alert saying that there is a change on my CR. I went to look at my report and lo and behold, there is a 2nd TL reporting from GEMB/Walmart. Then I realized what has happened. Because I app'd twice, both went through as separate requests. I called CSR back and asked them to confirm and she told me it has. I asked if she could just combine the limits into one card, she said no. She asked if I wanted to keep the second card or cancel it. I asked if it would be a bad thing to have (having negative future consequences) but she didn't know the answer. I told her to send it anyway, since it's already reporting and I'd figure out what to do with it.
So my question to you guys is this...(I'm rebuilding and don't have any experience with GEMB cards) would this 2nd card, help, hurt or not matter? I've read where the CLIs are pretty consistant but I'm wondering if having the 2nd would change that? Does anyone know?
02-19-2011 04:19 PM
I have 2 bank cards that will be 6 mos old March and April (Cap1 which will incr to 1000 and BBRZ 300). I also have a Macys that is over a year at 1700 and Bloomingdales 400.
02-19-2011 05:22 PM
I bet if you called and escalated to a CSR, then you'd probably would have a chance to close it and have it deleted. I had a store card (Macys) open an account in error and it was easy to get it removed, if I opted for that (and didn't).
Or you could keep it. They are decent with CLIs every 3-4 payments and good history. Any credit ding would be short-term and would go away by a year.
02-19-2011 05:32 PM
So it probably wouldn't hurt in the long run? I've read that they're good on CLIs and being consistant, I was just wondering if, because I would have 2 cards, they would be less consistant or generous. It was only one inquiry so it didn't hurt me that way.
Thanks for your input!
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.