Re: Approved for BCE!!! Now What??
01-28-2013 09:10 AM
I am so excited that I can barely type!! *lol* I was just approved for the Amex BCE for 5,500.00 My highest limit yet!! I called and applied over the phone so I could ask some questions first. The csr was very nice and I was amazed at the limit since I just opened a blue sky with them a few weeks ago and the limit on that one was 2400.00.
So, I now have all the big cards that I wanted to get!!! At what point should I start closing some of my smaller cards (department store)? Should I let them hit for a year first or does it not matter? None of them have fees so should I just sd them? I just don't know how it will look with so many cards open for cli's in the future. My aaoa will be taking a dive real soon on EX and TU because my oldest account is due to fall off at anytime. Then my oldest account will be Aug/2012
I personallly wouldn't close any of the store cards because they have no annual fee unless you never actually like the stores and don't shop at them but got the cards because they were easy while rebuilding? GE will CLD to $124 after 6-12 months of non use but at any point you can call in and say you would like to start using the card again and they will CLI it with no issue usually. I'm AU on a GAP card that we have had since like 2000 and I have had to get it CLI about 5 times over the years for inactivity but every time has been no issue and no credit pulls.
If anything I would actually go on a CLI spree with all your GE cards once the Amex's both show on credit... might be worth hanging on to if your Sams Discover was all of a sudden $10k no?! get a manual review done and it might not be such a stretch.
I am able to use any of the cards every 1-2 months because I did get them to rebuild but I only got them to places I shop (excpet Brylane Home). I just know I have opened several new accounts since Aug. and I have the old school way of thinking that the more accounts you have open, the worse it looks but I guess that don't matter anymore??
I am at a stand still with GE right now as far as CLI's because my only and oldest account fell off of TU and has set my oldest account to 5 months old. They upped my Sams Discover (which I love) but will do nothing with the others even though they all set at a 0.00 balance. The last rep told me to wait until 6 statements have hit and then they can obtain a credit score from TU and after that, they can give me a cli. I have been round and round with them for the past month. They may rethink once they see the new Amex accounts
Call the back door number, it's a SP and you get to talk directly to the underwriter
I called on one of my ge accounts after 3 months, and then after 5 and went from 1700 to 3400 to 6000
and my dad called on his sams club discover and it went from 1500 to 10k after only being open 4 months