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Contributor
schrute
Posts: 91
Registered: ‎09-16-2012
0

Saks Fifth Store Card

I have the Saks Fifth Store Card which recently changed to CapOne. I got it about a year ago for something I purchased but never used it. Two weeks ago, Saks sent me a new card for CapOne. I've never used it. It isn't reporting on my CR... should I ignore this or try to get it to report (it would of been open for 1 year now).

 

My credit profile:

AAoA: 7 years

Cards: NFCU ($10K), SDFCU ($20K)

Loans: Student loans, lots and make up the bulk of my long credit history

Utilization: 2%

Inquiries: 1 on EX, 3 on TU, 1 on EQ

Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011
0

Re: Saks Fifth Store Card

If you use the card it will report.  If you don't use the card you run the risk of it being cancelled due to inactivity. 

Contributor
schrute
Posts: 91
Registered: ‎09-16-2012
0

Re: Saks Fifth Store Card

Would it be in my interest to start having it report given my credit profile? An extra card, hit on AAoA.

Does this help my mix of credit?

Contributor
schrute
Posts: 91
Registered: ‎09-16-2012
0

Re: Saks Fifth Store Card

Any other thoughts? Should I try to get this card reporting?

Established Contributor
TimeToRecover
Posts: 568
Registered: ‎03-21-2013
0

Re: Saks Fifth Store Card

what is the CL on the card.  you have 2 very nice CL there with the 2 cards you have.  i don't know if store cards are rated differently in the account mix then CC.   either way I think some depends on the CL of the card.  a low 500 isn't going to be a big deal with your other 2 CL's.  But that is just my opinion.


Starting Score: 570 ish
Current Score:EX (666) Fair Isaac Ver24/21/2014, EQ (669) Beacon 5 4/21/2014, TU (699) Fico Classic 04 4/21/2014 (ALL MORTGAGE PULL So close to that 700)
Goal Score: 750
NEW HOUSE - Building 60% complete
In My Wallet: GE Care Credit (8K) BofA Cash Rewards Signature Visa (5K) Cap One Quicksilver (4.5K) Chase Freedom (4K) VS Angel Card (900)
Contributor
schrute
Posts: 91
Registered: ‎09-16-2012
0

Re: Saks Fifth Store Card

Its low, but I'm not sure.. its under $2K but I think it could be above 800

Contributor
schrute
Posts: 91
Registered: ‎09-16-2012
0

Re: Saks Fifth Store Card

Worth trying to get or keep the card reporting?


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