topic Re: 4 New Account...Interesting Sunday! in Credit Card Approvals

4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 00:50:58 GMT

I applied for the Chase United card today and I was shocked, I was declined due to 24 new accounts this year. While it makes all the sense in the world that I was declined, but when you are accoustom to hearing Congrats your approved, it does jolt you, My Experian is at 700, I have a Chase Freedom account in excellent standing at a 5K. My utilization is at 6% with now 150,000 worth of credit and I have 12 inquiries per bureau. I don't regret not one account, maybe Brylane, lol but that is it. I decided today that I would app for a few cards that I wanted and tomorrow I would garden for the entire year of 2016. I now have all the credit that I truly want and need. So with that said:

Venture. $15,000 ( My old faithful Cap One)

Macys Amex. $4,000

Dillards Amex $2,000. Happy about this being a Wells Fargo account(first with them)

Bloomingdales $1,500

I will now manage my 28 new/newer accounts. This time last year I had one lonely 2300.00 Cap One. It was such a great run and it was so so much fun and exciting!

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 00:58:57 GMT

Not sure to congratulate or not... Are you just applying just to see if you would be approved?

Re: 4 New Account...Interesting Sunday!

CreditMagic7 — Mon, 05 Oct 2015 01:02:18 GMT

@Anonymous wrote:
I applied for the Chase United card today and I was shocked, I was declined due to 24 new accounts this year. While it makes all the sense in the world that I was declined, but when you are accoustom to hearing Congrats your approved, it does jolt you, My Experian is at 700, I have a Chase Freedom account in excellent standing at a 5K. My utilization is at 6% with now 150,000 worth of credit and I have 12 inquiries per bureau. I don't regret not one account, maybe Brylane, lol but that is it. I decided today that I would app for a few cards that I wanted and tomorrow I would garden for the entire year of 2016. I now have all the credit that I truly want and need. So with that said:

Venture. $15,000 ( My old faithful Cap One)
Macys Amex. $4,000
Dillards Amex $2,000. Happy about this being a Wells Fargo account(first with them)
Bloomingdales $1,500

I will now manage my 28 new/newer accounts. This time last year I had one lonely 2300.00 Cap One. It was such a great run and it was so so much fun and exciting!

As been said before, what a difference that a year makes.

Congrats! on those newest approvals! And as always Capital One of course marches on to their own tune LoL

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 01:09:49 GMT

Michealkloud

In my thread I indicated that I apped for the cards that I wanted and while I was successful 4 out of 5, I realized that I need to really stop and garden for a year or so.

and

Creditmagic7 yes we will see what a difference a year will make, Ughhhhhhhh, but it is necessary, lol! I am very happy with all the credit that I have and it was truly fun getting to this point!👏🏼👏🏼👏🏼👏🏼👏🏼

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 01:10:45 GMT

Congratulations on your approvals! Come join us in the garden. Good peeps there.

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 01:12:50 GMT

@Anonymous wrote:
Michealkloud
In my thread I indicated that I apped for the cards that I wanted and while I was successful 4 out of 5, I realized that I need to really stop and garden for a year or so.

and
Creditmagic7 yes we will see what a difference a year will make, Ughhhhhhhh, but it is necessary, lol! I am very happy with all the credit that I have and it was truly fun getting to this point!👏🏼👏🏼👏🏼👏🏼👏🏼

I so get that! I enjoyed my apping and approvals, too. Now I am focused on getting the most out of each account and watching those pesky inquiries drop off.

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 03:15:59 GMT

Congrats!

Re: 4 New Account...Interesting Sunday!

CreditMagic7 — Mon, 05 Oct 2015 03:33:54 GMT

@Anonymous wrote:
@Anonymous wrote:
Michealkloud
In my thread I indicated that I apped for the cards that I wanted and while I was successful 4 out of 5, I realized that I need to really stop and garden for a year or so.

and
Creditmagic7 yes we will see what a difference a year will make, Ughhhhhhhh, but it is necessary, lol! I am very happy with all the credit that I have and it was truly fun getting to this point!👏🏼👏🏼👏🏼👏🏼👏🏼
I so get that! I enjoyed my apping and approvals, too. Now I am focused on getting the most out of each account and watching those pesky inquiries drop off.

And here is a fun (yes fun) tip to help ease the mind from recent INQ's and focus ahead.

Obtain your paper reports (however you do it) and take a pen and run a line through any and all INQ's dated 12 months and later (no longer factor in FICO scores)

Or if preferred, bask in the satisfaction from your favorite credit card spreadsheets. You might just be surprised.

Those that are well beyond 12 months and nearing dropping off completely i draw an X on.

Re: 4 New Account...Interesting Sunday!

OmarGB9 — Mon, 05 Oct 2015 04:53:58 GMT

Grats

Re: 4 New Account...Interesting Sunday!

KSK1912 — Mon, 05 Oct 2015 06:55:55 GMT

@Anonymous wrote:
I applied for the Chase United card today and I was shocked, I was declined due to 24 new accounts this year. While it makes all the sense in the world that I was declined, but when you are accoustom to hearing Congrats your approved, it does jolt you, My Experian is at 700, I have a Chase Freedom account in excellent standing at a 5K. My utilization is at 6% with now 150,000 worth of credit and I have 12 inquiries per bureau. I don't regret not one account, maybe Brylane, lol but that is it. I decided today that I would app for a few cards that I wanted and tomorrow I would garden for the entire year of 2016. I now have all the credit that I truly want and need. So with that said:

Venture. $15,000 ( My old faithful Cap One)
Macys Amex. $4,000
Dillards Amex $2,000. Happy about this being a Wells Fargo account(first with them)
Bloomingdales $1,500

I will now manage my 28 new/newer accounts. This time last year I had one lonely 2300.00 Cap One. It was such a great run and it was so so much fun and exciting!

Congrats! Good app spree. I just got approved for the Dillard's AmEx last week, and banking with wells fargo anyway, and having a personal loan ( a small one just for rebuilding credit as an installment loan) a secured cc with $2500 limit, and checking and savings accounts, i reconned the SL right away and went up to $4K in 15 minutes. I would definitely suggest you recon with them for a cli right away. They seem to be more easy for the recons than they used to be.

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 10:20:50 GMT

@Anonymous wrote:
Congratulations on your approvals! Come join us in the garden. Good peeps there.

^^^ What ML said! :-) Congrats as well!!

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 13:21:25 GMT

Congrats!!! It can be addicting seeing that 'Congratulations your approved' believe me, I know. Welcome to the Garden

Re: 4 New Account...Interesting Sunday!

alextercero — Mon, 05 Oct 2015 22:34:33 GMT

Congrats

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 23:14:08 GMT

Hey Roseyk,

I've been following your results, you started rebuild in Feb 2014...was that after a bk discharge?

thank you

Re: 4 New Account...Interesting Sunday!

NICKI183 — Mon, 05 Oct 2015 23:21:58 GMT

You have been very successful in building your credit portfolio and in a short period of time. I think you doing this shows that anyone can get out of a credit slump. I have been on the credit rodeo for so long, that this time I am on the upswing. One day I hope to have 1/2 your success. Congrats!

Re: 4 New Account...Interesting Sunday!

Anonymous — Mon, 05 Oct 2015 23:37:48 GMT

@Anonymous wrote:
Hey Roseyk,

I've been following your results, you started rebuild in Feb 2014...was that after a bk discharge?

thank you

No, no BK but was a very successful Realtor that went under back in 2007/2008 when the market and bank/lenders began spiraling down. Most accounts paid, but some went down with me, lol! Anyway credit suffered and I plunged into a cash and carry world for several years and one day in Feb 2014 Capital One sent me a pre approval for a $300.00 CL, then increased to 2300.00, another preapproval and so on and so on.

Re: 4 New Account...Interesting Sunday!

Anonymous — Tue, 06 Oct 2015 00:05:19 GMT

@NICKI183 wrote:
You have been very successful in building your credit portfolio and in a short period of time. I think you doing this shows that anyone can get out of a credit slump. I have been on the credit rodeo for so long, that this time I am on the upswing. One day I hope to have 1/2 your success. Congrats!

NICKI183. Thanks! When I received that pre approval from Cap One, I was so excited about the opportunity regardless to how small the CL. I vowed that I would be the best customer Cap One ever had, lol! I must say that they rewarded my efforts. Every increase was at least 2000 to 3000 every 4 to 5 months. After 4 cards I decided I need to diversify and Chase, Discover welcomed me, and I kept it going. I know that I got caught up in the world wind of approvals and I have to slow down now. I will join Musiclover and others in the garden. Do monitor your credit report thru one of the major bureaus, you can negotiate the monthly cost with them. Its much better than Credit Karma, they were always off by30 to 60 points with me. This site and many members are so helpful, it really was instrumental in my credit growth! Best wishes on your on the upswing, if I can do it, anyone can!

Re: 4 New Account...Interesting Sunday!

Anonymous — Tue, 06 Oct 2015 05:52:15 GMT

I love that you said you don't regret any of it ( maybe one ) and that you had fun!

Way to go!