topic Re: Multiple approvals-what to do now? in Credit Card Approvals

Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 14:04:52 GMT

So I just closed on my house Monday and wanted to see about approval for furniture. I’m convinced synchrony hates me, was declined. I’m thinking of waiting 1 yr before trying with them again for anything. Comenity though approved me for 1500 on Wayfair and 500 Avenue before declining Pottery Barn. I didn’t see any pop up approvals in the shopping cart for Children’s Place or VS so I consider comenity done. I found a prequal site for Discover. Y’all they approved me for 10,000. Target approved for 300. Now, I definitely don’t intend on using up all of these, my intent is to open up some lines with brands/companies I actually frequent before my score dips with the new mortgage. I want to keep all my utilization low (0% with cards I have before these new ones got added). Do you think I am at a stopping place to garden or is there one more card you would recommend for building credit?

Re: Multiple approvals-what to do now?

gabeerwin — Wed, 19 Sep 2018 14:13:51 GMT

Congrats on the approvals.. especially Discover! NICE LIMIT!!

Re: Multiple approvals-what to do now?

xaximus — Wed, 19 Sep 2018 14:15:18 GMT

Congrats on your approvals as of now. I would call it a break and hit the garden. Once denials start coming, that's usually a sign to stop. It's also risky to keep going because it's possible for AA to happen. Credit seeking behavior is a real sticky situation as well. I would build on what you have for now and give it atleast 6 months to a year.

Re: Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 14:48:24 GMT

Thank you! I’ve never had a limit that high before. I’m still in shock

Re: Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 15:07:35 GMT

Seeking a lot of credit in a short time can lead to adverse actions by many lenders. I would garden and allow your accounts to age and build a positive credit history. Congratulations on your mortgage and current approvals...

Re: Multiple approvals-what to do now?

19eighty5 — Wed, 19 Sep 2018 15:29:11 GMT

Congratulations on your approvals!

Re: Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 17:14:15 GMT

Congrats on your mortgage and approvals! Enjoy

Re: Multiple approvals-what to do now?

MartyWrite75 — Wed, 19 Sep 2018 17:18:24 GMT

Congratulations on your approvals!

Re: Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 17:30:01 GMT

Congrats on your new house and approvals! Like others have said, it's best to head to the garden for now!

Re: Multiple approvals-what to do now?

Anonymous — Wed, 19 Sep 2018 17:57:01 GMT

Yep that’s exactly what I was thinking. I’m going to garden for the next year and see how it grows 😄

Thanks for the support!

Re: Multiple approvals-what to do now?

sjt — Wed, 19 Sep 2018 18:14:56 GMT

Garden!

Re: Multiple approvals-what to do now?

stephenskd — Wed, 19 Sep 2018 18:18:18 GMT

congrats

Re: Multiple approvals-what to do now?

MrPSS — Wed, 19 Sep 2018 18:40:06 GMT

I agree with the others, time to garden! Curious what your Fico scores are getting that $10K SL with Discover? Congrats!!

Re: Multiple approvals-what to do now?

wingennis — Thu, 20 Sep 2018 01:13:25 GMT

@MrPSS wrote:
I agree with the others, time to garden! Curious what your Fico scores are getting that $10K SL with Discover? Congrats!!

Discover is quite ridiculous with starting limits. I didn't have a score over 650 when they gave me 9k. Now I'm much higher and no CLI for me

Re: Multiple approvals-what to do now?

Anonymous — Thu, 20 Sep 2018 01:32:59 GMT

I know it’s crazy! My FICO score is only 642. I’m super grateful and done for now. I had excellent credit until my identity was stolen at 21. It has taken a long time between that and some other bumps along the rd. The same year I authorized a family member to make a purchase on my Bank of America card and she never repaid the 2500. Then a phone company ran 3 unauthorized payments, putting my bank acct in the negative and closing it. I couldn’t get a break for the longest time. I got depressed and just let my credit go. But I’ve been rebuilding since the beginning of this year, when I found out my credit would be needed for a house loan, and managed to get my score up 100 points.

Re: Multiple approvals-what to do now?

SouthJamaica — Thu, 20 Sep 2018 01:38:08 GMT

@Anonymous wrote:
So I just closed on my house Monday and wanted to see about approval for furniture. I’m convinced synchrony hates me, was declined. I’m thinking of waiting 1 yr before trying with them again for anything. Comenity though approved me for 1500 on Wayfair and 500 Avenue before declining Pottery Barn. I didn’t see any pop up approvals in the shopping cart for Children’s Place or VS so I consider comenity done. I found a prequal site for Discover. Y’all they approved me for 10,000. Target approved for 300. Now, I definitely don’t intend on using up all of these, my intent is to open up some lines with brands/companies I actually frequent before my score dips with the new mortgage. I want to keep all my utilization low (0% with cards I have before these new ones got added). Do you think I am at a stopping place to garden or is there one more card you would recommend for building credit?

Yes you're at a stopping place.