topic Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder in Credit Card Approvals

BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 20:29:58 GMT

This one is a big deal for me because it means I am officially back in with all of the creditors I burned back in 2009. For some reason, that was a very important goal for me to reach. Now it has been accomplished at least a year ahead of when I thought it would happen.

I burned Citi, Cap One, Chase, Discover, BBVA, Synchrony and a few others back in 2009. I went years with no credit, dealing with collections calls, judgments, garnishments, you name it. In Sept 2015 I began rebuilding. I worked on paying off everything I could and I also got a $500 Cap One QS 1 card.

Fast forward to now and everything has been paid, my scores have come up 150-250 points, I am down to 2 months or so before my last baddie falls off and, thanks to a very unplanned app spree last month, I now I have almost double the amount of available credit than I had "back in the day". My utilization is at 8% and will never go above 15% unless there is some crazy life event that happens. I have more than learned my lessons when it comes to credit.

Sept 2015 - Cap One QS1 approved $500 (now a Quick Silver with a $3,750 limit); Also discovered MyFico

Oct 2015 - Cap One Platinum MC $500 --> $750

Feb 2016 - Got a few store cards via SCT as well as both the WalMart card ($400 now $5,000) and Amazon Prime store card ($800 now $6,000), which meant I was back in with Synchrony

April 2016 - Got approved for a $200 secured card with Discover (now unsecured with a $1,000 CL)

April 2016 - Paid my AMEX charge off in full and got approved for the AMEX Optima Oasis ($900)

Dec 2016 - Got approved for the Chase Amazon Visa ($3k), the Chase Fairmont ($5k), and the Citi Costo ($5,500) which meant I was back in with Chase and Citi

Dec 2016 - Received a few utterly shocking approvals from USAA ($12k and $10k) and Wells Fargo ($9k)

Jan 2017 - Got approved for the Belk Rewards card ($200 --> $2,500) -- this was important because it was the actual account that I burned. App'd last Feb and was declined.

Jan 2017 - Got approved for the BBVA Compass ClearPoints Rewards $7,000 -- this was the last creditor on my "back in" list

I won't really count my goal as 100% complete until I have legacy cards with Citi, Chase and AMEX but at least I am back in the door. and this is more than I expected at this point. I figured I'd be blacklisted for years to come. I have been declined for legacy cards with Citi and Chase but the decline reasons do not mention past history. With Chase it was the 5/24 rule and with Citi it was too many inquiries.

When I app'd for the BBVA card on a whim the other day I full expected a decline. I was more interested in seeing what the reason was. I was shocked to the point of tears when I opened my app on Wednesday night and saw that a new account had been added to my profile. I was even more shocked by the limit since it was more than double what I had before. Also because they pulled TU and I have a crap ton of inquires, plus all the new accounts (more than what I have mentioned).

The good news is that my scores are actually going up because baddies are falling off at the same time that new accts or inquiries are hitting the report so any negative score implications have, to this point, been nonexistent.

It is a little odd to have this goal complete when I thought it was so far off. It's a little like "Well, what now?". I do have some "dream"cards that I want eventually, as well as a few other lenders that I'd like "in" with but those will have to wait a while. Needless to say I am in the garden for a few years to try and get ready to buy a home but, after so many years of being in the credit dumps it fees kind of amazing to be well on the road to getting it all back, and more!

To anyone re-building, just keep up the work and eventually you will get there! Maybe even sooner than you thought!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 20:39:43 GMT

Super Congratulations!! I have BBVA Clear Points too. I just redeemed some points as a statement credit. When you say "legacy" card with Amex, are speaking of one of the charge cards?

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 20:47:37 GMT

@Anonymous wrote:
Super Congratulations!! I have BBVA Clear Points too. I just redeemed some points as a statement credit. When you say "legacy" card with Amex, are speaking of one of the charge cards?

i mean one of the "real" cards. For AMEX I have the Optima Oasis, which is their rebuilder card. I can't app for anything else until it's 12 months old and I don't think it can ever be increased or PC'd. I'm not sure, there is conflicting info. So I meant I want something else, the BCE or one of the travel cards. I don't really want the AMEX charge card at this point.

For Chase and Citi, since the cards I have are considered co-branded, I just meant that I want one of the non-co branded cards like the Chase Freedom and the Citi Double Cash, just for examples. I am not sure which ones I want and it's 2 years unitl I'm going to app for anything else so who knows what cards will be around then.

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 21:00:37 GMT

Congrats on your journey!

Your Costco card is considered a legacy! Double congrats!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 21:00:50 GMT

@Anonymous wrote:
@Anonymous wrote:
Super Congratulations!! I have BBVA Clear Points too. I just redeemed some points as a statement credit. When you say "legacy" card with Amex, are speaking of one of the charge cards?
i mean one of the "real" cards. For AMEX I have the Optima Oasis, which is their rebuilder card. I can't app for anything else until it's 12 months old and I don't think it can ever be increased or PC'd. I'm not sure, there is conflicting info. So I meant I want something else, the BCE or one of the travel cards. I don't really want the AMEX charge card at this point.

For Chase and Citi, since the cards I have are considered co-branded, I just meant that I want one of the non-co branded cards like the Chase Freedom and the Citi Double Cash, just for examples. I am not sure which ones I want and it's 2 years unitl I'm going to app for anything else so who knows what cards will be around then.

OK I now see what you mean. I am astonished at your progress. I too started to seriously rebuild at the end of 2015. You clearly have out-performed me! I let my utilization get too high. I'm correcting that right now. So hopefully next month I can start to follow in your footsteps. Congratulations again.

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Fri, 27 Jan 2017 21:04:02 GMT

@Justagirl73 wrote:
Congrats on your journey!
Your Costco card is considered a legacy! Double congrats!

Really???? Oh, wow, I did not know that. Yay!!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

CreditMagic7 — Fri, 27 Jan 2017 21:50:11 GMT

This has to make you very happy and a true confidence builder going forward.

Again, Congratulations on the new Compass Bank approval.

I like them primarily for the low APR and reasonable starting limits. Never had a problem with mine.

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

UncleB — Sat, 28 Jan 2017 13:28:09 GMT

@Anonymous wrote:
This one is a big deal for me because it means I am officially back in with all of the creditors I burned back in 2009. For some reason, that was a very important goal for me to reach. Now it has been accomplished at least a year ahead of when I thought it would happen.

I burned Citi, Cap One, Chase, Discover, BBVA, Synchrony and a few others back in 2009. I went years with no credit, dealing with collections calls, judgments, garnishments, you name it. In Sept 2015 I began rebuilding. I worked on paying off everything I could and I also got a $500 Cap One QS 1 card.

Fast forward to now and everything has been paid, my scores have come up 150-250 points, I am down to 2 months or so before my last baddie falls off and, thanks to a very unplanned app spree last month, I now I have almost double the amount of available credit than I had "back in the day". My utilization is at 8% and will never go above 15% unless there is some crazy life event that happens. I have more than learned my lessons when it comes to credit.

Sept 2015 - Cap One QS1 approved $500 (now a Quick Silver with a $3,750 limit); Also discovered MyFico
Oct 2015 - Cap One Platinum MC $500 --> $750
Feb 2016 - Got a few store cards via SCT as well as both the WalMart card ($400 now $5,000) and Amazon Prime store card ($800 now $6,000), which meant I was back in with Synchrony
April 2016 - Got approved for a $200 secured card with Discover (now unsecured with a $1,000 CL)
April 2016 - Paid my AMEX charge off in full and got approved for the AMEX Optima Oasis ($900)
Dec 2016 - Got approved for the Chase Amazon Visa ($3k), the Chase Fairmont ($5k), and the Citi Costo ($5,500) which meant I was back in with Chase and Citi
Dec 2016 - Received a few utterly shocking approvals from USAA ($12k and $10k) and Wells Fargo ($9k)
Jan 2017 - Got approved for the Belk Rewards card ($200 --> $2,500) -- this was important because it was the actual account that I burned. App'd last Feb and was declined.
Jan 2017 - Got approved for the BBVA Compass ClearPoints Rewards $7,000 -- this was the last creditor on my "back in" list

I won't really count my goal as 100% complete until I have legacy cards with Citi, Chase and AMEX but at least I am back in the door. and this is more than I expected at this point. I figured I'd be blacklisted for years to come. I have been declined for legacy cards with Citi and Chase but the decline reasons do not mention past history. With Chase it was the 5/24 rule and with Citi it was too many inquiries.

When I app'd for the BBVA card on a whim the other day I full expected a decline. I was more interested in seeing what the reason was. I was shocked to the point of tears when I opened my app on Wednesday night and saw that a new account had been added to my profile. I was even more shocked by the limit since it was more than double what I had before. Also because they pulled TU and I have a crap ton of inquires, plus all the new accounts (more than what I have mentioned).

The good news is that my scores are actually going up because baddies are falling off at the same time that new accts or inquiries are hitting the report so any negative score implications have, to this point, been nonexistent.

It is a little odd to have this goal complete when I thought it was so far off. It's a little like "Well, what now?". I do have some "dream"cards that I want eventually, as well as a few other lenders that I'd like "in" with but those will have to wait a while. Needless to say I am in the garden for a few years to try and get ready to buy a home but, after so many years of being in the credit dumps it fees kind of amazing to be well on the road to getting it all back, and more!

To anyone re-building, just keep up the work and eventually you will get there! Maybe even sooner than you thought!

Huge congrats!

I can relate to your situation more than you might imagine... I even did a 'now what?' thread a little over a year ago... LOL.

I'm pleased to say that even once my initial goals were met the excitement didn't end... and yours won't, either. I think for folks like us these moments are extra-special, since like you mention we always thought we would be forever locked out, and finding out that's not the case is truly an exceptional feeling.

Again, major congrats on a goal met and a job well-done!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Sat, 28 Jan 2017 13:48:33 GMT

Congrats to you, Cam, on accomplishing so much in 16 months time! A very detailed, informative post, and one that many of us can relate to! Very honorable of you that you paid off your debts from 2009 - this alone helped you get back in and with good graces to boot! Enjoy all of your successes - you definitely proved that you are worthy of them!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Sat, 28 Jan 2017 13:51:18 GMT

@UncleB wrote:
@Anonymous wrote:
This one is a big deal for me because it means I am officially back in with all of the creditors I burned back in 2009. For some reason, that was a very important goal for me to reach. Now it has been accomplished at least a year ahead of when I thought it would happen.

I burned Citi, Cap One, Chase, Discover, BBVA, Synchrony and a few others back in 2009. I went years with no credit, dealing with collections calls, judgments, garnishments, you name it. In Sept 2015 I began rebuilding. I worked on paying off everything I could and I also got a $500 Cap One QS 1 card.

Fast forward to now and everything has been paid, my scores have come up 150-250 points, I am down to 2 months or so before my last baddie falls off and, thanks to a very unplanned app spree last month, I now I have almost double the amount of available credit than I had "back in the day". My utilization is at 8% and will never go above 15% unless there is some crazy life event that happens. I have more than learned my lessons when it comes to credit.

Sept 2015 - Cap One QS1 approved $500 (now a Quick Silver with a $3,750 limit); Also discovered MyFico
Oct 2015 - Cap One Platinum MC $500 --> $750
Feb 2016 - Got a few store cards via SCT as well as both the WalMart card ($400 now $5,000) and Amazon Prime store card ($800 now $6,000), which meant I was back in with Synchrony
April 2016 - Got approved for a $200 secured card with Discover (now unsecured with a $1,000 CL)
April 2016 - Paid my AMEX charge off in full and got approved for the AMEX Optima Oasis ($900)
Dec 2016 - Got approved for the Chase Amazon Visa ($3k), the Chase Fairmont ($5k), and the Citi Costo ($5,500) which meant I was back in with Chase and Citi
Dec 2016 - Received a few utterly shocking approvals from USAA ($12k and $10k) and Wells Fargo ($9k)
Jan 2017 - Got approved for the Belk Rewards card ($200 --> $2,500) -- this was important because it was the actual account that I burned. App'd last Feb and was declined.
Jan 2017 - Got approved for the BBVA Compass ClearPoints Rewards $7,000 -- this was the last creditor on my "back in" list

I won't really count my goal as 100% complete until I have legacy cards with Citi, Chase and AMEX but at least I am back in the door. and this is more than I expected at this point. I figured I'd be blacklisted for years to come. I have been declined for legacy cards with Citi and Chase but the decline reasons do not mention past history. With Chase it was the 5/24 rule and with Citi it was too many inquiries.

When I app'd for the BBVA card on a whim the other day I full expected a decline. I was more interested in seeing what the reason was. I was shocked to the point of tears when I opened my app on Wednesday night and saw that a new account had been added to my profile. I was even more shocked by the limit since it was more than double what I had before. Also because they pulled TU and I have a crap ton of inquires, plus all the new accounts (more than what I have mentioned).

The good news is that my scores are actually going up because baddies are falling off at the same time that new accts or inquiries are hitting the report so any negative score implications have, to this point, been nonexistent.

It is a little odd to have this goal complete when I thought it was so far off. It's a little like "Well, what now?". I do have some "dream"cards that I want eventually, as well as a few other lenders that I'd like "in" with but those will have to wait a while. Needless to say I am in the garden for a few years to try and get ready to buy a home but, after so many years of being in the credit dumps it fees kind of amazing to be well on the road to getting it all back, and more!

To anyone re-building, just keep up the work and eventually you will get there! Maybe even sooner than you thought!
Huge congrats!

I can relate to your situation more than you might imagine... I even did a 'now what?' thread a little over a year ago... LOL.

I'm pleased to say that even once my initial goals were met the excitement didn't end... and yours won't, either. I think for folks like us these moments are extra-special, since like you mention we always thought we would be forever locked out, and finding out that's not the case is truly an exceptional feeling.

Again, major congrats on a goal met and a job well-done!

+ 1

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

Anonymous — Sat, 28 Jan 2017 19:04:37 GMT

Woohoo!!!!!! So very excited for you!

Re: BBVA Clear Points Approved -- A BIG deal for this rebuilder

AverageJoesCredit — Sun, 29 Jan 2017 02:18:16 GMT