topic Re: How bright a line is FICO of 720? in Credit Cards

How bright a line is FICO of 720?

Anonymous — Thu, 05 May 2016 16:21:50 GMT

I keep seeing this number come up, both in general and for a particular 0% interest card I'm interested in. My current score is 711. I'd really like to stop paying interest in $8,000 in debt I have on another card, but I don't want another hard inquiry on my report. Just wondering if I should I wait and see if I can move up another 10 points?

Re: How bright a line is FICO of 720?

Anonymous — Thu, 05 May 2016 16:28:00 GMT

Ten points probably won't make much difference in getting most cards but I don't get your plan without an inquiry

Re: How bright a line is FICO of 720?

Anonymous — Thu, 05 May 2016 16:34:43 GMT

What company are you trying to go with and have you checked for pre-qualification?

The only way you are going to dodge a hard pull for something new is with a credit union which has Merit because they usually give decent limits that can accommodate

Re: How bright a line is FICO of 720?

Anonymous — Thu, 05 May 2016 16:41:52 GMT

@Anonymous wrote:
What company are you trying to go with and have you checked for pre-qualification?

The only way you are going to dodge a hard pull for something new is with a credit union which has Merit because they usually give decent limits that can accommodate

Sorry, I meant I want to avoid a hard pull with a rejected application.

I was considering Bank of America card for 0% interest. Could you point me to more data about "credit union which has Merit"?

Re: How bright a line is FICO of 720?

MyLoFICO — Thu, 05 May 2016 18:03:43 GMT

711? How about the Slurpee Visa?

Sorry, I used to work for 7-11 Corp HQ. lol

Re: How bright a line is FICO of 720?

MyLoFICO — Thu, 05 May 2016 18:04:38 GMT

Chase Slate is a good choice too if you can get in. What do all your scores look like? Inquiries? Baddies?

Re: How bright a line is FICO of 720?

CreditCuriosity — Thu, 05 May 2016 18:20:03 GMT

Stay away from the Slate as not really useable limits. I would look at a CU such as NASA FCU, PenFed or the likes.. Decent interest rates, although not sure about 0% BT, although PENFED promise does have 4.99% BT at 0 fee. BofA and Citi both have longer term BT cards... List continues. Just wouldnt count on a useable limit of being >8k on slate unless you have other donor chase cards that you can move limits from

Re: How bright a line is FICO of 720?

MyLoFICO — Thu, 05 May 2016 18:23:03 GMT

@CreditCuriousity wrote:
Stay away from the Slate as not really useable limits. I would look at a CU such as NASA FCU, PenFed or the likes.. Decent interest rates, although not sure about 0% BT, although PENFED promise does have 4.99% BT at 0 fee. BofA and Citi both have longer term BT cards... List continues. Just wouldnt count on a useable limit of being >8k on slate unless you have other donor chase cards that you can move limits from

Don't be bashing my card, man! lol. J/k. I can't get any other Chase cards so I like Slate.

Re: How bright a line is FICO of 720?

CreditCuriosity — Thu, 05 May 2016 18:58:56 GMT

@MyLoFICO wrote:
@CreditCuriousity wrote:
Stay away from the Slate as not really useable limits. I would look at a CU such as NASA FCU, PenFed or the likes.. Decent interest rates, although not sure about 0% BT, although PENFED promise does have 4.99% BT at 0 fee. BofA and Citi both have longer term BT cards... List continues. Just wouldnt count on a useable limit of being >8k on slate unless you have other donor chase cards that you can move limits from
Don't be bashing my card, man! lol. J/k. I can't get any other Chase cards so I like Slate.

Not bashing your card, but the 2k CL on your slate is probably around what OP would get it he applied which wouldn't cover his BT.. Slate isnt known to be the most generous w/regards to CL's

Re: How bright a line is FICO of 720?

sr383 — Thu, 05 May 2016 19:14:25 GMT

@CreditCuriousity wrote:
Slate isnt known to be the most generous w/regards to CL's

Slate's a joke, alright. Even with two extra pulls, they didn't offer a dollar more than their original, useless limit.

It's like hiring a chihuahua to guard a kennel of bulldogs.

Re: How bright a line is FICO of 720?

ttleigh — Thu, 05 May 2016 20:50:49 GMT

I just got approved for a platinum rewards visa from Alliant Credit Union. My score is around 660-690 and my utilization is about 27%. I have a lot of new accounts and a lot of inquiries. the approval came in hours and it was for 10k which is what I asked for.

Re: How bright a line is FICO of 720?

ttleigh — Thu, 05 May 2016 20:55:04 GMT

I forgot to mention the important part that the card has 0% for a year

Re: How bright a line is FICO of 720?

Anonymous — Mon, 30 May 2016 19:25:11 GMT

To add to the last post ^^ the Alliant card should also have 12 billing cycles at 0% APR and 0% balance transfer fees. I'm looking at it, but I've just added 2 cards in the last few months.

Re: How bright a line is FICO of 720?

Anonymous — Mon, 30 May 2016 19:36:15 GMT

What about Citi Simpliity at 0% for 20 months... there is a BT Fee of I believe 3%

But if you don't like the BT Fee .. then Slate is what everyone goes to .. except that darn 5/24

Both are 0% intro.

Im no pro like all these peeps.

I just thought I would offer a suggestion.

Re: How bright a line is FICO of 720?

Anonymous — Mon, 30 May 2016 20:12:37 GMT

OP, did you try NASA FCU or Penfed? They generally offer good SL.

Re: How bright a line is FICO of 720?

Anonymous — Mon, 30 May 2016 20:28:19 GMT

What about the Amex that has 15mos at 0% ... they tend to give nice SL and also Barclay if OP has a nice TU score ... transfer fee would be blah with that type of balance though so maybe offset with a sign up bonus ...

Re: How bright a line is FICO of 720?

RonM21 — Mon, 30 May 2016 22:55:55 GMT

A few decent options suggested. I like the CU route option personally. I have the slate with a $2K balance I got in October snd already paid the balance transfer off. Now I'm wondering what I'm going to do with it lol.