topic Re: woo $100k club! in Credit Cards

woo $100k club!

Anonymous — Tue, 01 Mar 2016 16:35:36 GMT

my recent $2,500 CLI on NFCU put me at $100,300! finally in lol. now to figure out what to close within 12 months...

Re: woo $100k club!

galahad15 — Tue, 01 Mar 2016 16:39:18 GMT

Congrats!

Re: woo $100k club!

creditguy — Tue, 01 Mar 2016 16:40:12 GMT

Now that your finally in, your now going to kick yourself out of the club by closing cards? Lol. Nonetheless congrats on reaching this milestone.

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 16:47:04 GMT

Congrats! Nicely done!

Re: woo $100k club!

Ghoshida — Tue, 01 Mar 2016 17:14:04 GMT

@Anonymous wrote:
my recent $2,500 CLI on NFCU put me at $100,300! finally in lol. now to figure out what to close within 12 months...

Congrats! Now lenders will be even more terrified, 100X more I mean.

So why don't you provide a brief write-up here, charting your growth over the period that you were a member of the MyFico community? It might help others.

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 17:21:20 GMT

Don't spend it all at once. 😉

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 17:24:35 GMT

basically i started with $500 CU credit card, $100 CU LOC, $3,200 kay card, $1,500 freedom, $1,000 NFCU goRewards, and $3,000 wells fargo card. i apped for the amex ED card in march of 2015 (fell for CK's recommendations lol) and got it with a $2k limit.
then, did research and stuff and found this site. i registered in april and began reading and going a little crazy (getting some unneeded stuff but overall i do have everything i need as well)

i started with under $10k in march to now over $100k less than a year later. here's my list of current stuff:

CCU LOC $100
CCU $500
AmEx Hilton HHonors $1,000
Discover It $1,700
Chase Freedom $2,000
AmEx ED $2,000
WF Platinum $3,000
Cap1 QS $3,000
Cap1 QS $3,000
Barclaycard Sallie Mae $3,200
Amazon Prime $5,000
Chase Marriott $5,000
Cap1 Venture $5,000
Kay Jewelers $5,300
NFCU Flagship $8,000
Lowes $12,000
NFCU cashRewards $12,500
Cap1 Venture $13,000
AmEx Green NPSL

NFCU LOC $15,000

Re: woo $100k club!

Ghoshida — Tue, 01 Mar 2016 17:42:31 GMT

@Anonymous wrote:
basically i started with $500 CU credit card, $100 CU LOC, $3,200 kay card, $1,500 freedom, $1,000 NFCU goRewards, and $3,000 wells fargo card. i apped for the amex ED card in march of 2015 (fell for CK's recommendations lol) and got it with a $2k limit.
then, did research and stuff and found this site. i registered in april and began reading and going a little crazy (getting some unneeded stuff but overall i do have everything i need as well)

i started with under $10k in march to now over $100k less than a year later. here's my list of current stuff:

CCU LOC $100
CCU $500
AmEx Hilton HHonors $1,000
Discover It $1,700
Chase Freedom $2,000
AmEx ED $2,000
WF Platinum $3,000
Cap1 QS $3,000
Cap1 QS $3,000
Barclaycard Sallie Mae $3,200
Amazon Prime $5,000
Chase Marriott $5,000
Cap1 Venture $5,000
Kay Jewelers $5,300
NFCU Flagship $8,000
Lowes $12,000
NFCU cashRewards $12,500
Cap1 Venture $13,000
AmEx Green NPSL
NFCU LOC $15,000

Good job!

Top of my head I can see opportunity to club multiple Cap One cards into one (or two) giant accounts and get rid of the redundant cards. They also have potential to grow every 6 months.

Discover, Sallie Mae, and the AMEXes have potential to grow every 3 months / 6 months as well.

What's the need for the Green? Have you looked at PRG, in case you want a charge card badly?

Other than that, given you've blasted your way through the reports to get to the $100k, I'd suggest some no-app time (preferably the whole of the remaining year!).

How're the scores looking pre- and post- the MyFico time?

Re: woo $100k club!

Loquat — Tue, 01 Mar 2016 17:46:09 GMT

Nicely done!

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 17:47:15 GMT

umm i am ditching green (it's quite useless) and no new cards for me. i will combine cap1 once they hit 6 months for sure. Amex doesn't like me much for CLIs lol.

starting scores in 2015 were in the 580s. currently 690s

Re: woo $100k club!

Ghoshida — Tue, 01 Mar 2016 17:50:12 GMT

@Anonymous wrote:
umm i am ditching green (it's quite useless) and no new cards for me. i will combine cap1 once they hit 6 months for sure. Amex doesn't like me much for CLIs lol.

starting scores in 2015 were in the 580s. currently 690s

Seems like a solid plan.

And good jump with the score too!

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 17:52:29 GMT

Congrats! I'm one (maybe two) CLI from joining you.

I actually want to write up my journey (started less than 3 years ago with a $500 Cap1) because I think there are some good data points there.

Re: woo $100k club!

darwin_wins — Tue, 01 Mar 2016 17:53:18 GMT

And you have no baddies on your report, is that right?

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 18:02:19 GMT

^ that is completely incorrect lol. i will show you from my other thread i made

Re: woo $100k club!

darwin_wins — Tue, 01 Mar 2016 18:03:40 GMT

@Anonymous wrote:
^ that is completely incorrect lol. i will show you from my other thread i made

lol I just thought you got a nice 100K limit in total so you shouldn't have a problem on your report. Now I am curious how many baddies you got

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 18:05:11 GMT

ok wow. just did some account evaluation and i am surprised my score is even this good considering my lates!! get this:

elan credit card (open) - one 30 day late 09/2014 and a 60 day late may 2013
chase (open) - one 30 day late 06/2012
NFCU auto (closed (ex wife's)) - one 30 day late 08/2014
cap1 (closed) - two 30 day lates on 08/2013 and 11/2013 and a 60 day late 09/2013
here's the biggie!
us dept education (closed and xferred to great lakes) - TEN 90 day lates as recent as 08/2014!!!!!!

it's current under great lakes, though. omg.

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 18:05:48 GMT

a lot of baddies lol

Re: woo $100k club!

darwin_wins — Tue, 01 Mar 2016 18:19:40 GMT

@Anonymous wrote:
a lot of baddies lol

I assume none of them are updated monthly (obviously 30, 60 days won't be). May be that's why?

Re: woo $100k club!

Anonymous — Tue, 01 Mar 2016 18:26:46 GMT

none of them are late as of now

Re: woo $100k club!

MyLoFICO — Tue, 01 Mar 2016 19:00:38 GMT

@Anonymous wrote:
basically i started with $500 CU credit card, $100 CU LOC, $3,200 kay card, $1,500 freedom, $1,000 NFCU goRewards, and $3,000 wells fargo card. i apped for the amex ED card in march of 2015 (fell for CK's recommendations lol) and got it with a $2k limit.
then, did research and stuff and found this site. i registered in april and began reading and going a little crazy (getting some unneeded stuff but overall i do have everything i need as well)

i started with under $10k in march to now over $100k less than a year later. here's my list of current stuff:

CCU LOC $100
CCU $500
AmEx Hilton HHonors $1,000
Discover It $1,700
Chase Freedom $2,000
AmEx ED $2,000
WF Platinum $3,000
Cap1 QS $3,000
Cap1 QS $3,000
Barclaycard Sallie Mae $3,200
Amazon Prime $5,000
Chase Marriott $5,000
Cap1 Venture $5,000
Kay Jewelers $5,300
NFCU Flagship $8,000
Lowes $12,000
NFCU cashRewards $12,500
Cap1 Venture $13,000
AmEx Green NPSL
NFCU LOC $15,000

That's only $99,000. lol J/k. Very nice!