topic Re: Zales Card Approval in Credit Card Approvals

Zales Card Approval

3bcswins3 — Thu, 14 May 2015 02:05:11 GMT

I was approved for the Zales Card today. I broke my streak of having zero store cards, but couldn't say no to saving $150 on my purchase. I was approved for $5,200 after requesting $15,000. The two girls working said that's the highest approval they've seen, but it's my personal second lowest credit line behind Huntington Bank VOICE.

Re: Zales Card Approval

Anonymous — Thu, 14 May 2015 03:08:14 GMT

congrats!

Re: Zales Card Approval

revjamesl — Thu, 14 May 2015 03:18:59 GMT

Congrats.

Re: Zales Card Approval

alextercero — Thu, 14 May 2015 04:46:11 GMT

Congrats

Re: Zales Card Approval

One7 — Thu, 14 May 2015 04:46:44 GMT

Congratulations

Re: Zales Card Approval

Anonymous — Thu, 14 May 2015 04:57:44 GMT

Congrats on your approval!

Re: Zales Card Approval

gdale6 — Thu, 14 May 2015 22:45:20 GMT

Grats on the Zales approval

Re: Zales Card Approval

Pway — Fri, 15 May 2015 03:56:57 GMT

Congrats on the Zales approval

Re: Zales Card Approval

Anonymous — Fri, 15 May 2015 05:43:42 GMT

Wow congrats on the high SL !!!!!

Re: Zales Card Approval

Anonymous — Fri, 15 May 2015 05:50:09 GMT

Congratulations on your approval and awesome starting limit!!! Keep up the good work!!!

Re: Zales Card Approval

3bcswins3 — Sun, 17 May 2015 13:30:25 GMT

I feel like I made a terrible mistake applying for this card at this time. I am currently seriously shopping for my first home. My FICO through my Discover IT just dropped from 804 to 770 and this is the only credit activity I've had. It will take another hit once this new account begins reporting! I'm still relatively young so my credit history is short. This card will kill my credit history average. I am considering calling and closing this card now, but I don't know if I should. If I close a card before my first statement will it even show up on my report? If I close it, will it preserve my average credit history length? Will closing this card hurt my score worse than keeping it open and sucking it up? Please Help!

Re: Zales Card Approval

Anonymous — Sun, 17 May 2015 14:57:24 GMT

@3bcswins3 wrote:
I feel like I made a terrible mistake applying for this card at this time. I am currently seriously shopping for my first home. My FICO through my Discover IT just dropped from 804 to 770 and this is the only credit activity I've had. It will take another hit once this new account begins reporting! I'm still relatively young so my credit history is short. This card will kill my credit history average. I am considering calling and closing this card now, but I don't know if I should. If I close a card before my first statement will it even show up on my report? If I close it, will it preserve my average credit history length? Will closing this card hurt my score worse than keeping it open and sucking it up? Please Help!

It's because you are young that you shouldn't be skimping on adding new credit cards.

Do you really want to go thru the rest of your life worrying that adding 1 card kills your AAoA?

Take this as a lesson and add more cards now so you will be free from these "AAoA" worries later on. If you are absolutely serious on a new house, then don't app for new cards until you get the house. I traded in a 2 year AAoA for a lifetime of never worrying about AAoA hits again...totally worth it.

804 is just a vanity number; nobody actually needs 804.

720+ will usually get you the best auto rate.

740+ will usually get you the best mortgage rate.

750+ will usually net the best CC rate

Anything above is pure gravy/buffering and bragging rights.

As for the house, how serious are you? 6 month serious? 2 year serious?

You cannot close the account quick enough; you can't make it disappear... you will only make things worse by closing the account. It will report but you should still be above 750.

Re: Zales Card Approval

3bcswins3 — Sun, 17 May 2015 15:03:28 GMT

Thank you for responding! I'm actually prob closer to one or two months from buying a home. We have a realtor now and if we find a house we really like, we will put the offer on it.