topic Re: Reached My $20,000 Credit Limit Goal!! in Credit Cards

Reached My $20,000 Credit Limit Goal!!

DI — Sat, 12 Sep 2009 20:02:29 GMT

Discover $2,500

Sears $3,600

AMEX $2,000

Kroger 123 $4,000

Citi $4,000

Capital One $750

Target 00 $500

State Farm $3,000

Total $20,350

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sat, 12 Sep 2009 20:05:47 GMT

Congratulations DI!

Have you set a new goal as of yet?

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sat, 12 Sep 2009 20:13:47 GMT

@Anonymous wrote:
Congratulations DI!

Have you set a new goal as of yet?

Thanks! Not yet. I just want to maintain the limit, and increase it through auto CLI's. $20,000 is more than enough. I doubt to ever use more than 1% of it.

I need to let some inquiries fall off now. I do know that FICO itself doesn't penalize one for having numerous inquiries. I had a total of 26 inquiries on my TU and still had a 771 FICO. All of my recent approval has been EQ pulls. I only had 3 inquiries, so things worked out perfectly.

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sat, 12 Sep 2009 20:21:33 GMT

@DI wrote:
@Anonymous wrote:
Congratulations DI!

Have you set a new goal as of yet?
Thanks! Not yet. I just want to maintain the limit, and increase it through auto CLI's. $20,000 is more than enough. I doubt to ever use more than 1% of it.

I need to let some inquiries fall off now. I do know that FICO itself doesn't penalize one for having numerous inquiries. I had a total of 26 inquiries on my TU and still had a 771 FICO. All of my recent approval has been EQ pulls. I only had 3 inquiries, so things worked out perfectly.

This will be a great ongoing goal...not to have much of a balance to report if at all possible. It is one of my goals to maintain.

Once again congrats, it is most satisfying to reach ones' goals as you well know!

Re: Reached My $20,000 Credit Limit Goal!!

bakalao2k — Sat, 12 Sep 2009 20:21:41 GMT

Congrats DI!

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sat, 12 Sep 2009 20:36:26 GMT

My reports for this month is reporting $25 total. The majority of my cards report on the 10th and 11th of each month. I like to have no more than $250 reporting each month. My Discover reports on the 17th of each month. I'm making charges now so that the balance will appear on credit reports to come close to the $250 overall balance.

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sat, 12 Sep 2009 20:36:44 GMT

@bakalao2k wrote:
Congrats DI!

Thanks!

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sat, 12 Sep 2009 22:23:50 GMT

Good job!

If you get PenFed now it will be a plus. What did you ask them for, anyway?

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sat, 12 Sep 2009 22:28:18 GMT

@Anonymous wrote:
Good job!

If you get PenFed now it will be a plus. What did you ask them for, anyway?

Thanks! I asked for $10,000.

Message Edited by DI on 09-12-2009 05:28 PM

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sun, 13 Sep 2009 00:06:41 GMT

excellent DI what a goal in this credit climate. that is awsome!!!

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sun, 13 Sep 2009 00:08:59 GMT

Congrats!

Here I thought you would give wmarat and txjohn a run for the money (or credit!) Maybe next year.

Re: Reached My $20,000 Credit Limit Goal!!

Karatz — Sun, 13 Sep 2009 07:15:44 GMT

@DI wrote:
Discover        $2,500
Sears    $3,600
AMEX          $2,000
Kroger 123        $4,000
Citi                   $4,000
Capital One            $750
Target 00 $500
State Farm          $3,000

Total $20,350

I was in your same shoes a couple years ago. 10k on one card wasmy new goal. Now I have 3 of em. You have an interesting mix too.

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sun, 13 Sep 2009 13:36:26 GMT

@Karatz wrote:
@DI wrote:
Discover        $2,500
Sears    $3,600
AMEX          $2,000
Kroger 123        $4,000
Citi                   $4,000
Capital One            $750
Target 00 $500
State Farm          $3,000

Total $20,350
I was in your same shoes a couple years ago. 10k on one card wasmy new goal. Now I have 3 of em. You have an interesting mix too.

Yes, I like the mixture of credit I have. I'm now waiting to see if PenFed and Nordstrom will give me credit card.

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sun, 13 Sep 2009 23:13:56 GMT

Now at $21,100. Add GM to the mix. I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries. They haven't pulled my EQ report yet. I want to call and cancel the application. Should I?

Message Edited by DI on 09-13-2009 06:13 PM

Re: Reached My $20,000 Credit Limit Goal!!

Jazzzy — Sun, 13 Sep 2009 23:56:14 GMT

@DI wrote:
Now at $21,100. Add GM to the mix. I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries. They haven't pulled my EQ report yet. I want to call and cancel the application. Should I?
Message Edited by DI on 09-13-2009 06:13 PM

I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.

ETA: If they haven't pulled an inq yet...that is, of course, another reason to withdraw the app.

Message Edited by LynetteM on 09-13-2009 04:56 PM

Re: Reached My $20,000 Credit Limit Goal!!

DI — Sun, 13 Sep 2009 23:56:08 GMT

@LynetteM wrote:
@DI wrote:
Now at $21,100. Add GM to the mix. I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries. They haven't pulled my EQ report yet. I want to call and cancel the application. Should I?
Message Edited by DI on 09-13-2009 06:13 PM
I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.

If won't bother me if they decline. As long as I know I don't have a Repo, CO's or lates on my credit reports its ok. Other reasons such as too many inquiries and recent accounts will quickly recover.

Re: Reached My $20,000 Credit Limit Goal!!

Jazzzy — Sun, 13 Sep 2009 23:58:08 GMT

@DI wrote:
@LynetteM wrote:
@DI wrote:
Now at $21,100. Add GM to the mix. I know for sure PenFed is going to deny me now. I now have 6 EQ inquiries. They haven't pulled my EQ report yet. I want to call and cancel the application. Should I?
Message Edited by DI on 09-13-2009 06:13 PM
I withdrew my 1st app with them. They just list it as "withdrawn." I ultimately did another app and got the card.

Should you? Depends on whether you would feel better not knowing their answer, or if it won't bother you to hear "declined" if that is what they do.
If won't bother me if they decline. As long as I know I don't have a Repo, CO's or lates on my credit reports its ok. Other reasons such as too many inquiries and recent accounts will quickly recover.

Too funny...while you were responding, I was editing my post to add that you may want to withdraw to avoid the inq. If that doesn't bother you...you may want to go for it.

Re: Reached My $20,000 Credit Limit Goal!!

Anonymous — Sun, 13 Sep 2009 23:58:52 GMT

I would leave it go. At this point what is one more INQ?

Re: Reached My $20,000 Credit Limit Goal!!

DI — Mon, 14 Sep 2009 00:02:31 GMT

@Anonymous wrote:
I would leave it go. At this point what is one more INQ?
I'm going to let it go through. That will give me 7 inquiries on my EQ. In about 6 months, I may get lucky and get one inquiry deleted. I got 10 inquires deleted back in April or May and left me with 0 inquries.

Re: Reached My $20,000 Credit Limit Goal!!

Itsmeagain — Mon, 14 Sep 2009 11:55:36 GMT

DI, Keep a close eye on your Discover closing date and due date. They are known to change the due date without notice. I'm not sure why they do this but it caused me to show a balance one month, when I (like you), always PIF before the statement drops.