topic Re: Apping in April--Advice wanted in Credit Card Approvals

Apping in April--Advice wanted

zsepthenne — Fri, 21 Feb 2014 22:24:26 GMT

I plan to leave the garden in April. My AAoA is 6 yrs9mos, current TU- 693, util less than 5%(soon to be less), oldest current account 10/2012 care credit, BoFA secured and Walmart 9/2013, comenity cards 10/2013. Three inquires, 10/12, two on 9/13. The bad, six defaulted school loans discharged 9/2011, $0, these also show as 6 closed/never late accounts under positive accounts. I've received an offer(repeatedly lol) from Discover for 0% for 15 months 10.99%APR. I've been dying to app with them, do I have a good chance even due to the school loans? Should I just apply for one card and plan on applying for another 1 or 2 cards when my BoFA unsecures in September? Will it matter if I wait until then for 2 other cards opposed to April? If I get some decent limits I'd really rather only add two new bank cards to hold me for the next year at least and garden. Any advice, or thoughts appreciated.

Re: Apping in April--Advice wanted

gdale6 — Fri, 21 Feb 2014 22:31:56 GMT

Discover would be good IMO. Let me get this straight you have 6 student loans and have 12 entries for them 6 bad, 6 good.... If this is the case I would dispute the bad set as they can only be one or the other not both or is there something I am missing here ?

Re: Apping in April--Advice wanted

zsepthenne — Fri, 21 Feb 2014 22:46:19 GMT

From all the research I've done and talking to the ombudsmans office the original lender or maybe it's the guarantor is allowed to show the defaulted loan but then the discharged loan shows up positively with the dept of education. I honestly don't know if it's entirely correct for it to show up that way. Two of the accounts have a status of "account 120+ days past due, with a notation of "claim filed with government". I disputed those and AES actually added late payments. :-(

Re: Apping in April--Advice wanted

gdale6 — Fri, 21 Feb 2014 23:11:22 GMT

@zsepthenne wrote:
From all the research I've done and talking to the ombudsmans office the original lender or maybe it's the guarantor is allowed to show the defaulted loan but then the discharged loan shows up positively with the dept of education. I honestly don't know if it's entirely correct for it to show up that way. Two of the accounts have a status of "account 120+ days past due, with a notation of "claim filed with government". I disputed those and AES actually added late payments. :-(

Ok, I am not a SL guru so I am going to back away from this one, sorry to hear it turned worse but that is the downside to a dispute. Good luck

Re: Apping in April--Advice wanted

zsepthenne — Fri, 21 Feb 2014 23:15:19 GMT

I know right? They fall off in 2016 and 2017 so I'm just going to leave them alone.
So you would app for Discover? Do you think I should wait to apply for any others until my accounts age to a year in October?

Re: Apping in April--Advice wanted

Creditaddict — Sat, 22 Feb 2014 00:02:02 GMT

id apply for discover now if you are getting offers.

what else are you thinking?

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 00:09:03 GMT

Likely Chase Freedom, maybe Barclay's? Stuff about capital one that others have posted has made me hesitant to app for them. I'd like to get a few cards that will grow over the next year to two years.

Re: Apping in April--Advice wanted

Creditaddict — Sat, 22 Feb 2014 00:11:14 GMT

@zsepthenne wrote:
Likely Chase Freedom, maybe Barclay's? Stuff about capital one that others have posted has made me hesitant to app for them. I'd like to get a few cards that will grow over the next year to two years.

I think Barclay and Discover might be good idea and maybe wait for chase until unsecured BofA unless you have some great results with discover and barclay or you can get a pre-qual online... then jump on chase now.

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 00:12:36 GMT

I was waiting until April for Discover as I'll be at 6 months of history for BofA and Walmart, 1.5 for care credit

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 00:14:01 GMT

On pre-qual for Chase, capital one, and discover. Discover has made sure to send many tempting offers whike I've been gardening lol

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 00:23:21 GMT

Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?

Re: Apping in April--Advice wanted

Creditaddict — Sat, 22 Feb 2014 00:24:57 GMT

@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?

NO, they sent you offer!

but seriously I would say no.

If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 05:08:12 GMT

@Creditaddict wrote:
@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?
NO, they sent you offer!

but seriously I would say no.
If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.

Well I gave in, went and applied using the invitation number on the 10.99% offer. Approved! Called in, only a $1000 limit, but I'll take it since I'm in rebuild mode and this is my first unsecured prime card :-D . They said my interest rate terms will be in the welcome packet. Does anyone know if the welcome packet shows up in regular snail mail? Or is it fed ex?

Off to the garden to turn in my spade

Re: Apping in April--Advice wanted

Vegas247 — Sat, 22 Feb 2014 06:53:32 GMT

Congrats!

Re: Apping in April--Advice wanted

-Wade- — Sat, 22 Feb 2014 10:35:10 GMT

@zsepthenne wrote:
@Creditaddict wrote:
@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?
NO, they sent you offer!

but seriously I would say no.
If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.
Well I gave in, went and applied using the invitation number on the 10.99% offer. Approved! Called in, only a $1000 limit, but I'll take it since I'm in rebuild mode and this is my first unsecured prime card :-D . They said my interest rate terms will be in the welcome packet. Does anyone know if the welcome packet shows up in regular snail mail? Or is it fed ex?
Off to the garden to turn in my spade

Congrats on your approval

Re: Apping in April--Advice wanted

lg8302ch — Sat, 22 Feb 2014 10:47:35 GMT

Congrats on the approval and Welcome to the Discover familiy.

Did you get the 10,99% APR? Just curious because that is what my offer was for and they gave me 17,99% instead...but I PIF so I could not care less about APR but found it interesting how they modified the offer.

Re: Apping in April--Advice wanted

efranklin23 — Sat, 22 Feb 2014 11:43:06 GMT

@zsepthenne wrote:
@Creditaddict wrote:
@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?
NO, they sent you offer!

but seriously I would say no.
If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.
Well I gave in, went and applied using the invitation number on the 10.99% offer. Approved! Called in, only a $1000 limit, but I'll take it since I'm in rebuild mode and this is my first unsecured prime card :-D . They said my interest rate terms will be in the welcome packet. Does anyone know if the welcome packet shows up in regular snail mail? Or is it fed ex?
Off to the garden to turn in my spade

Congrats on the new card and Welcome to the Discover Family!!!

Re: Apping in April--Advice wanted

coldnmn — Sat, 22 Feb 2014 13:53:32 GMT

@zsepthenne wrote:
@Creditaddict wrote:
@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?
NO, they sent you offer!

but seriously I would say no.
If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.
Well I gave in, went and applied using the invitation number on the 10.99% offer. Approved! Called in, only a $1000 limit, but I'll take it since I'm in rebuild mode and this is my first unsecured prime card :-D . They said my interest rate terms will be in the welcome packet. Does anyone know if the welcome packet shows up in regular snail mail? Or is it fed ex?
Off to the garden to turn in my spade

Congrats! Thanks for sharing.

Re: Apping in April--Advice wanted

yudeology101 — Sat, 22 Feb 2014 16:17:37 GMT

@zsepthenne wrote:
@Creditaddict wrote:
@zsepthenne wrote:
Hmmmm these things are so strategic, and dependent on so many factors! Still waiting for the credit computer game to come out.
I think I will definitely do Discover in April, so tempting to app now. But I'm just wondering if that 6 month mark makes that much of a difference to them opposed to 5?
NO, they sent you offer!

but seriously I would say no.
If your Util was going to make a large change then sure but if your wait is just for month 6 then i think it's a wasted wait.
Well I gave in, went and applied using the invitation number on the 10.99% offer. Approved! Called in, only a $1000 limit, but I'll take it since I'm in rebuild mode and this is my first unsecured prime card :-D . They said my interest rate terms will be in the welcome packet. Does anyone know if the welcome packet shows up in regular snail mail? Or is it fed ex?
Off to the garden to turn in my spade

Congrats on your approval! Your welcome package will arrive in regular USPS, should take about a week. Welcome to Discover family!

Re: Apping in April--Advice wanted

zsepthenne — Sat, 22 Feb 2014 21:33:58 GMT

@lg8302ch wrote:
Congrats on the approval and Welcome to the Discover familiy.
Did you get the 10,99% APR? Just curious because that is what my offer was for and they gave me 17,99% instead...but I PIF so I could not care less about APR but found it interesting how they modified the offer.

The rep said she wasn't able to tell me my terms. I was kind of bummed as I was really curious what I would get. So I wait for the packet. I'd be shocked if I received better terms than you LG, your score is much higher than mine. I'm thinking maybe 18.99% for me.

Thanks for the congrats! I was really excited to get this card, and I saw on the forums that you can ask for a CLI at 3 months now, so growth with the card seems promising :-D