topic Sallie Mae or Ring Cli??? in Credit Card Applications

Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:26:40 GMT

Ok guys I have a dilemma. I have a TU inq to spare. But, I am torn between using it for a Sallie Mae app or cli request on my Ring. Ring is now $2k and I would love to see it at $15/$20k. BUT, I oh so want ole girl Sallie Mae. I have 1 baddie on TU that falls off in Oct. Should I wait till then for Sallie Mae? Once balances update next week, util should be around 10%, Fico 720+. What say you?

Re: Sallie Mae or Ring Cli???

Creditaddict — Wed, 11 Feb 2015 15:27:58 GMT

Sallie Mae

Re: Sallie Mae or Ring Cli???

CreditCuriosity — Wed, 11 Feb 2015 15:29:32 GMT

Sallie Mae imo as well... I doubt a CLI will yeild as much as a new TL.. I could be wrong.. Then you can possibly move some of it around if nice enough SM approval to ring? Thoughts?

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:31:27 GMT

@CreditCuriousity wrote:
Sallie Mae imo as well... I doubt a CLI will yeild as much as a new TL.. I could be wrong.. Then you can possibly move some of it around if nice enough SM approval to ring? Thoughts?

Yep.

Re: Sallie Mae or Ring Cli???

CreditCuriosity — Wed, 11 Feb 2015 15:33:33 GMT

I was thinking about applying for the SM soon too... Just waiting for my ED to show on the CRA's so they can try to meet that line.. Doubtful, but can always wish.

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:35:32 GMT

@CreditCuriousity wrote:
I was thinking about applying for the SM soon too... Just waiting for my ED to show on the CRA's so they can try to meet that line.. Doubtful, but can always wish.

Double edge sword.

If you don't get instapproved you may have to recon several times like me because of new accounts.

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:37:14 GMT

You all are making a lot of sense. I could always move my $3k US Airways to Ring making it $5k. Then closing it. It's sd'ed. And just app Sallie Mae hoping for a mega nice limit. Right? Hmmmm

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:40:24 GMT

@baller4life wrote:
You all are making a lot of sense. I could always move my $3k US Airways to Ring making it $5k. Then closing it. It's sd'ed. And just app Sallie Mae hoping for a mega nice limit. Right? Hmmmm

Go app for a Venture while you're at it! 10K+ only a double pull away!

Re: Sallie Mae or Ring Cli???

chwebb1 — Wed, 11 Feb 2015 15:40:27 GMT

I'd go for Sallie Mae and just not apply for much else. I've been in the garden since September 2014, and I just got a nice auto-CLI from Barclays this morning (tripled my limit!) So if you garden, you very well could get the CLI you are seeking on the Ring without the HP.

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:40:47 GMT

Understand your dilemma. Sure love my Sallie Mae as I use it all the time. Look at your needs ... do you really require a higher limit on your Ring or do you need the rewards of the Sallie Mae? Decision

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:42:35 GMT

Another data point. US Airways is only 2 months old. Closed RMC last week. So only have 2 Barclays cards now. Chase Freedom just reported. So 3 new accounts last 6 months(with Citi DP). Just don't want to waste this inq. Want the most bang out of it!

Re: Sallie Mae or Ring Cli???

ScoreOrBeScored — Wed, 11 Feb 2015 15:44:14 GMT

I was originally gonna app for SM in September 2015 after a Cap One CO feel off in August. I said the hell with it and app Jan 23, 2015

with a TU Fico of 715 , 9% total Util , 7 cards with balances ranging from 2-50% Utl.

i had just got a auto CLi on my 6 month old Rewards card. I was approved for $5k.

Got my card JanUary 29th. Activated and called back door and asked if I could move my $2,600 limit from Rewards

card over to SM and close it. I explained to analyst that I didn't do it jan 23rd because I had a current balance of $1,450 at the moment.

Told him I paid the balance 2 days ago and my account reflects $ now. He placed me on hold to review my account and came back

and said he didn't mind doing it for me. No HP to move limit.

but I say go for the SM now...... My 1 baddie and balances on my cards didn't hurt me at all....

baller, it will be a weight up off your shoulders. Trust me.... If not approved and recon is a no go, you could always use that HP to ask for a CLI on the ring.

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:44:25 GMT

@baller4life wrote:
Another data point. US Airways is only 2 months old. Closed RMC last week. So only have 2 Barclays cards now. Chase Freedom just reported. So 3 new accounts last 6 months(with Citi DP). Just don't want to waste this inq. Want the most bang out of it!

Wait for June then.

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:46:09 GMT

@Anonymous wrote:
@baller4life wrote:
You all are making a lot of sense. I could always move my $3k US Airways to Ring making it $5k. Then closing it. It's sd'ed. And just app Sallie Mae hoping for a mega nice limit. Right? Hmmmm
Go app for a Venture while you're at it! 10K+ only a double pull away!

I wish I would. I'd rather drop dead. I HATE Cap One. That's one bandwagon I won't be jumping on!

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:52:00 GMT

@Anonymous wrote:
@baller4life wrote:
Another data point. US Airways is only 2 months old. Closed RMC last week. So only have 2 Barclays cards now. Chase Freedom just reported. So 3 new accounts last 6 months(with Citi DP). Just don't want to waste this inq. Want the most bang out of it!
Wait for June then.

Wait till June you think to app Sallie Mae or Ring cli request too?

Re: Sallie Mae or Ring Cli???

Anonymous — Wed, 11 Feb 2015 15:54:44 GMT

@baller4life wrote:
@Anonymous wrote:
@baller4life wrote:
Another data point. US Airways is only 2 months old. Closed RMC last week. So only have 2 Barclays cards now. Chase Freedom just reported. So 3 new accounts last 6 months(with Citi DP). Just don't want to waste this inq. Want the most bang out of it!
Wait for June then.
Wait till June you think to app Sallie Mae or Ring cli request too?

Sallie Mae.

My last app with them was the US Airways just like yourself and i'd personally try to show them some more history with them before going for another card. 4 more months gives you some distance from your new accounts too!

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 15:55:13 GMT

@ArmyVietVet wrote:
Understand your dilemma. Sure love my Sallie Mae as I use it all the time. Look at your needs ... do you really require a higher limit on your Ring or do you need the rewards of the Sallie Mae? Decision

No need to carry a big balance on Ring atm. Just want one in case of emergency. Definitely would enjoy SM 5% categories NOW.

Re: Sallie Mae or Ring Cli???

chwebb1 — Wed, 11 Feb 2015 15:55:17 GMT

@baller4life wrote:
Another data point. US Airways is only 2 months old. Closed RMC last week. So only have 2 Barclays cards now. Chase Freedom just reported. So 3 new accounts last 6 months(with Citi DP). Just don't want to waste this inq. Want the most bang out of it!

If you only got another Barclaycard 2 months ago, you should definitely garden. I waited 1 year between applying for my Barclaycards. I tried for a different one (the Arrival) and was declined at 6 months. So I'd definitely wait a year.

Re: Sallie Mae or Ring Cli???

baller4life — Wed, 11 Feb 2015 16:01:23 GMT

You guys are the bomb.com. Makes sense to wait for Sallie Mae and go for cli on Ring. Who knows. 7th statement cuts tomorrow. May just be surprised with a nice auto increase. Doubt it but we will see.

Re: Sallie Mae or Ring Cli???

CreditCuriosity — Wed, 11 Feb 2015 16:09:19 GMT

@baller4life wrote:
You guys are the bomb.com. Makes sense to wait for Sallie Mae and go for cli on Ring. Who knows. 7th statement cuts tomorrow. May just be surprised with a nice auto increase. Doubt it but we will see.

deffinetly wait for your 7th statement to cut!