topic Re: Should I or shouldn't I???? in Credit Cards

Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 15:51:27 GMT

I am contemplating applying for the delta skymiles Amex. I have read through the posts and looked at whogavemecredit.com. But I am looking for some advice from those here.

Here's my situation right now.

EQ - 620

TU - 640

EX - 647

I have a few 30 day lates that are over 24 months, one collection on EQ that I am disputing and in the last month have applied for 4 cc (2 citi-approved for both, bofa - denied, circuit city - denied). I am nervous now because of the two denials. I am looking for one or two more cards so i can dump my HSBC low limit, high AF card. Not sure if I should hold tight for a couple months and get the scores up and let the inquires fall off, or just go for it and be done with all the applying.? What do you guys and gals think?

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 15:57:45 GMT

I just applied for and was approved for the Delta Skymiles. From what everyone says the pull from EX, which is your highest. I pulled my FICO today before I applied and it was 672. Do you have a lot of recent inq on EX? I have read that they frown upon that. Other than that I would go for it, but see what others have to say first.

Re: Should I or shouldn't I????

Creditaddict — Fri, 09 Nov 2007 16:01:30 GMT

I would wait until atleast your dispute is complete.

Amex can be sticklers with lates and old collections too.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 16:04:05 GMT

Since the collection your disputing is only on EQ, that should not matter. Amex usually pulls from EX.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 16:05:54 GMT

As of 11/6/2007, no Inquiries on EX and no Collections on EX. Not sure who BofA pulls from that might so up.

Re: Should I or shouldn't I????

dangphuocloc72 — Fri, 09 Nov 2007 17:18:26 GMT

BOFA full EX , yesterday I apply visa from BOFA , they say give them 3 day for verify some thing , my score 652 , but i am on AU of my mom account CL 11500.00 I already max out , now I want my Own card , i don't know what are they thinking . may be yet may not , never know right , I let you guys know when I have answer from them , hope they give me 10k ...hahaha . I 'll max out again .

Re: Should I or shouldn't I????

phumanr — Fri, 09 Nov 2007 18:49:23 GMT

dang....,

You are ruining your credit by maxing out your credit cards. 35% of your score is debt to credit ration limit. You really should stay around 9-10% of your total credit utilization.

Phumanr

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:42:04 GMT

Alright, so we have 1 for and 1 against. Anyone else? Really looking for some opinions.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:49:50 GMT

You can try Amex but if you don't get it I would immediately app WaMu

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:54:47 GMT

Brammy wrote:
You can try Amex but if you don't get it I would immediately app WaMu

I agree. Take a shot at it, I've seen people approved with worse scores.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:55:29 GMT

chiwiseguy wrote:
Alright, so we have 1 for and 1 against. Anyone else? Really looking for some opinions.

I was approved for Gold Delta Skymiles with EX 662, 5 INQs, 14% util, 1 unpaid CA (6.5 yrs old).

I have seen them approve as low as 640 or so, but as always, YMMV.

Baddies under two years old seem to be a dealbreaker in borderline cases, but again, YMMV. It doesn't sound like you have any of those anyway.

Also if you are approved, be aware that they are known for frequent A/Rs via softies on EX. If you are planning on an app spree anytime soon and a bunch of new accounts show up, they are easily spooked by things like this.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:56:15 GMT

Whats the deal with Wamu? Never dealt with them for banking/cc.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 20:58:21 GMT

chiwiseguy wrote:

Whats the deal with Wamu? Never dealt with them for banking/cc.

Some peopel love em some people hate em. I am very happy with them

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:03:48 GMT

Brammy wrote:

chiwiseguy wrote:
Whats the deal with Wamu? Never dealt with them for banking/cc.

Some peopel love em some people hate em. I am very happy with them

I think the mixed feelings re: Wamu have to do with a very quirky CC approval process. There is no sure thing with Wamu, regardless of your scores. Lots of people approved in the 500s and lots of people denied in the 700s.

They also seem to be rather stingy on CLIs.

GF (all scores over 750) has a Wamu Plat with $9K CL / $37 bal. Called to see if she is eligible for a rewards program of any kind. "Not at this time." WTH?

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:07:12 GMT

Me? I love my Wamu. I'll say it again, it was the first card I got after my HSBC and they have been very generous so far with the CLIs and upgraded the card I had to rewards without me even asking, just had to choose the reward sturcture I wanted, points or pennies. Maybe it had somethng to do with the type of card? Who knows.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:21:55 GMT

I would go with Chase.

Or Wamu...

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:25:27 GMT

TheCynicalOne wrote:
I would go with Chase.

Which Chase card can OP get with low 600s?

I might be interested in that myself.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:31:21 GMT

cheddar wrote:

TheCynicalOne wrote:
I would go with Chase.

Which Chase card can OP get with low 600s?

I might be interested in that myself.

Chase Visa, nothing fancy. Preferably the one marketed towards students or people rebuilding credit. I got one with 0% apr for 6 months, no annual fee, and automatic CLI from $500 to $800 after six months. Then they reduced me...but I talked them increasing me to $1000 this week. Woohoo! It was my first credit card though, so lord knows I had nothing to go off of.

Re: Should I or shouldn't I????

Anonymous — Fri, 09 Nov 2007 21:35:28 GMT

Chase denied me at Circuit city, I have a collection that is showing unpaid on EQ that I am disputing. That kicked me out with them. Show i even risk the AMEX?

Re: Should I or shouldn't I????

kclb — Fri, 09 Nov 2007 21:36:51 GMT

Maybe you should investigate and see if you can get it resolved. Good luck.