topic Re: App spree hangover? in Credit Card Approvals

App Spree Retribution.. Success on CLs but HP dings?

gurusexy — Sun, 20 Apr 2014 05:36:07 GMT

I went on a spree myself today. needed to get my utilization down and limits up.

Municiapl credit union visa 5500cl- new account

Discover IT Card 11500cl - new account

Macys store card CLI of 1800 to get to 2000

Applied for a FNBO card but as always they tell you wait 2-4 weeks.

Amex 1800 CL 0 balance...denied

GE amazon 2k CL 0 balance...denied

All in all, a good day with almost 19k in approvals. Now, to the app spree veterans...any idea what retribution my credit score is going to deal with? I am guessing the limit increases help but the 4-5 inquiries will 'destroy' me. and speaking of inquiris, do inquiries hit you reports immediately? if so, FBNO is bound to give me the middle finger as I hear they dont take lightly to multiple inquirie in a short period.

Weirdly enough, I checked my scores before going on my appspree , All three FICO scores were in 700+ range, utilization under 10%. But MCU said my equifax was 678 even though i have a subscription on myfico which said my score was 706!!!

For others who want to apply for new cards, just to give you a sense of my credit profile....have an old collection from 2012 (helped a friend cosign for an apartment, lesson learnt...a 9k lesson my wife nearly killed me for even though when i co signed, i didnt even know my wif......but it came due after we got married and lender wouldnt approve my home loan if I didnt pay of that collection). Also have a lien from NY State for 138 dollar (yup, you read it right, even though i never got any letter for them. Just pisses me off to no end...all for 138 dollars. Thankfully it falls off credit report in January 2015) have a late 30-60-90 late from capital one in 2010, but that card has been paid off. Was laid off for a bit. Citi, discover, and amex were nice and worked with me..Cap1 had no mercy and gave me the lates on my account and closed it to boot but card has been paid off and as far as i am concerned, cap1 aint getting my business anywhere, anytime....So been working to get my scores up and this is where I am now. Goal is to get to mid 700 in the short term and 800 in the long term...... PHEW!!! Now let me go lie down and do some gardening.... its going to be a year+ before I look to apply for any new credit. Lets see where my score is by then..... Another question...are credit scores static or dynamic? Meaning for every pull, do lenders recalculate your score, or its static until new balances are reported?

Re: App spree hangover?

myjourney — Sun, 20 Apr 2014 05:27:47 GMT

@gurusexy wrote:
I went on a spree myself today. needed to get my utilization down and limits up.

Municiapl credit union visa 5500cl- new account

Discover IT Card 11500cl - new account

Macys store card CLI of 1800 to get to 2000

Applied for a FNBO card but as always they tell you wait 2-4 weeks.

Amex, denied

All in all, a good day with almost 19k in approvals. Now, to the app spree veterans...any idea what retribution my credit score is going to deal with? I am guessing the limit increases help but the 4-5 inquiries will 'destroy' me. and speaking of inquiris, do inquiries hit you reports immediately? if so, FBNO is bound to give me the middle finger as I hear they dont take lightly to multiple inquirie in a short period.

Weirdly enough, I checked my scores before going on my appspree , All three FICO scores were in 700+ range, utilization under 10%. But MCU said my equifax was 678 even though i have a subscription on myfico which said my score was 706!!!

For others who want to apply for new cards, just to give you a sense of my credit profile....have an old collection from 2012 (helped a friend cosign for an apartment, lesson learnt...a 9k lesson my wife nearly killed me for even though when i co signed, i didnt even know my wif......but it came due after we got married and lender wouldnt approve my home loan if I didnt pay of that collection). Also have a lien from NY State for 138 dollar (yup, you read it right, even though i never got any letter for them. Just pisses me off to no end...all for 138 dollars. Thankfully it falls off credit report in January 2015) have a late 30-60-90 late from capital one in 2010, but that card has been paid off. Was laid off for a bit. Citi, discover, and amex were nice and worked with me..Cap1 had no mercy and gave me the lates on my account and closed it to boot but card has been paid off and as far as i am concerned, cap1 aint getting my business anywhere, anytime....So been working to get my scores up and this is where I am now. Goal is to get to mid 700 in the short term and 800 in the long term...... PHEW!!! Now let me go lie down and do some gardening.... its going to be a year+ before I look to apply for any new credit. Lets see where my score is by then..... Another question...are credit scores static or dynamic? Meaning for every pull, do lenders recalculate your score, or its static until new balances are reported?

Welcome to the forum

FNBO normally takes 24 hours but since you appled on the weekend expect results on Monday

Also I'll ask that your post be broken off into its own thread and moved to approvals so other can say congrats they may not see it on someone elses post

Every HP affects scores also

Re: App spree hangover?

gurusexy — Sun, 20 Apr 2014 05:33:19 GMT

ok..will move to new post. thanks for the heads up

Re: App spree hangover?

myjourney — Sun, 20 Apr 2014 05:35:32 GMT

@gurusexy wrote:
ok..will move to new post. thanks for the heads up

No don't worry about it I'm having it moved already

Re: App Spree Retribution.. Success on CLs but HP dings?

coldnmn — Sun, 20 Apr 2014 08:10:15 GMT

Congrats! Welcome to the forum and thanks for sharing.

Re: App Spree Retribution.. Success on CLs but HP dings?

Anonymous — Sun, 20 Apr 2014 09:20:26 GMT

WOW! Congrats.

Re: App spree hangover?

alvon123 — Sun, 20 Apr 2014 11:48:53 GMT

congrats

Re: App spree hangover?

Shogun — Sun, 20 Apr 2014 13:25:58 GMT

Yes, there's that but of remorse, but congrats!

Re: App spree hangover?

gurusexy — Sun, 20 Apr 2014 13:45:36 GMT

yes, but this is a one time weekend spree....like those wicked weekends spent during spring dreak during my college..

In any case, enough to get me started on my limits to get me toward my long term score.

Quick question, can anyone teach me how to show the card accounts and their limits in full color? seen that with a few profiles and cant quite figure that out. And do i put my credit score update numbers/targets within my signature? I consider myself tech savvy but apparently.....

Re: App spree hangover?

BigBS — Sun, 20 Apr 2014 14:21:23 GMT

Congrats!

Re: App spree hangover?

Shogun — Sun, 20 Apr 2014 17:26:59 GMT

@gurusexy wrote:
yes, but this is a one time weekend spree....like those wicked weekends spent during spring dreak during my college..

In any case, enough to get me started on my limits to get me toward my long term score.

Quick question, can anyone teach me how to show the card accounts and their limits in full color? seen that with a few profiles and cant quite figure that out. And do i put my credit score update numbers/targets within my signature? I consider myself tech savvy but apparently.....

http://ficoforums.myfico.com/t5/SmorgasBoard/THIS-IS-HOW-YOU-ADD-CREDIT-CARD-PICS-TO-YOUR-PROFILE/td-p/2262839

Re: App Spree Retribution.. Success on CLs but HP dings?

gdale6 — Sun, 20 Apr 2014 19:03:10 GMT

Grats on the successful run OP, on FNBO you probably will get an email sometime on Monday..

Re: App Spree Retribution.. Success on CLs but HP dings?

-Wade- — Sun, 20 Apr 2014 21:15:12 GMT

@gurusexy wrote:
I went on a spree myself today. needed to get my utilization down and limits up.

Municiapl credit union visa 5500cl- new account

Discover IT Card 11500cl - new account

Macys store card CLI of 1800 to get to 2000

Applied for a FNBO card but as always they tell you wait 2-4 weeks.

Amex 1800 CL 0 balance...denied
GE amazon 2k CL 0 balance...denied

All in all, a good day with almost 19k in approvals. Now, to the app spree veterans...any idea what retribution my credit score is going to deal with? I am guessing the limit increases help but the 4-5 inquiries will 'destroy' me. and speaking of inquiris, do inquiries hit you reports immediately? if so, FBNO is bound to give me the middle finger as I hear they dont take lightly to multiple inquirie in a short period.

Weirdly enough, I checked my scores before going on my appspree , All three FICO scores were in 700+ range, utilization under 10%. But MCU said my equifax was 678 even though i have a subscription on myfico which said my score was 706!!!

For others who want to apply for new cards, just to give you a sense of my credit profile....have an old collection from 2012 (helped a friend cosign for an apartment, lesson learnt...a 9k lesson my wife nearly killed me for even though when i co signed, i didnt even know my wif......but it came due after we got married and lender wouldnt approve my home loan if I didnt pay of that collection). Also have a lien from NY State for 138 dollar (yup, you read it right, even though i never got any letter for them. Just pisses me off to no end...all for 138 dollars. Thankfully it falls off credit report in January 2015) have a late 30-60-90 late from capital one in 2010, but that card has been paid off. Was laid off for a bit. Citi, discover, and amex were nice and worked with me..Cap1 had no mercy and gave me the lates on my account and closed it to boot but card has been paid off and as far as i am concerned, cap1 aint getting my business anywhere, anytime....So been working to get my scores up and this is where I am now. Goal is to get to mid 700 in the short term and 800 in the long term...... PHEW!!! Now let me go lie down and do some gardening.... its going to be a year+ before I look to apply for any new credit. Lets see where my score is by then..... Another question...are credit scores static or dynamic? Meaning for every pull, do lenders recalculate your score, or its static until new balances are reported?

Congrats on your success

Re: App Spree Retribution.. Success on CLs but HP dings?

gurusexy — Wed, 23 Apr 2014 16:00:59 GMT

FNBO is hardcore! Application still pending and when I called they said they will contact me by phone or letter in two weeks! FNBO underwriters are STONE-COLD!!!

Re: App Spree Retribution.. Success on CLs but HP dings?

gurusexy — Wed, 23 Apr 2014 22:08:39 GMT

Have been able to get into DCU as well. Got approved for visa platinum card (7500CL) and savings account. Have auto refi pending..they have some amazing refi rates so decided to take the plunge... In any case I am almost there with free fico scores as well. Have discover IT (TU), DCU (EQ). Waiting for FNBO (EX) and ETA for decision on that is two weeks.. Those dudes are hardcore. Hoping to hit the trifecta of the three free fico scores, and then add my 4.99 TU myfico account to buttress it....then all good!

Re: App Spree Retribution.. Success on CLs but HP dings?

Kenny — Thu, 24 Apr 2014 03:57:55 GMT

Congrats!

Re: App Spree Retribution.. Success on CLs but HP dings?

gurusexy — Mon, 28 Apr 2014 13:43:50 GMT

Finally got approval from FNBO after a week. Whew!! Those manual underwriters over there are HARDCORE!

No other information though (on CL and terms), so i just sit tight and wait as per the CS lady I spoke to over the phone. In any case I only applied to have access to my FICO® 8 Bankcard Score from Experian. Already have TU Score from Discover IT and EQ score from DCU. Add that to my quarterly myFICO TU 4.99 subscription, i am all good..Wanted a good way to track scores without paying LOL. Was waiting for this to wrap up and then off to the garden I go. So, adios mi amigos.... Time to go to home depot for some gardening equipment after going 1/3 on CLIs and 5/6 on approvals..

Been a busy month... Happy to hit my trifecta! FNBO is a tough nut to crack though. DCU makes you jump though hoops but nothing major. Also got an auto refi from DCU and dropped my rate from 6.24 to 1.24. DCU is insanely awesome. The charged me a 10 dollar fee to join even though i am not a member of any eligible goup or live in the area. Wont complain at all. CC from DCU was instantly approved, for auto refi they asked for paystub and proof of address..and that was it, but you have to open a checking or savings with them though before the funds for the CCa and auto refi got released.

Plan to keep my utilization exactly where it is.... under 5%...let start score tracking!

For those interested in free fico scores, here are the cards I applied for that offer free scores and which score they offer (i think) .

Barclaycard MC -3500 CL ---> TU FICO 08 Classic (300-850)

Discover IT - 11500 CL ---> TU FICO 08 Classic

DCU Visa - 7500 ---> EQ FICO 04 Classic (300-850)

MCU Visa (FNBO) - 5500 ---> EX FICO 08 Bankcard (250-900)