topic Re: Anyone apply for AMEX or Nationwide lately? in Credit Cards

Anyone apply for AMEX or Nationwide lately?

jj10939 — Wed, 01 Dec 2010 20:20:05 GMT

I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%

Age 21

Annual Income $55,000

Thanks for the reply!!

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Wed, 01 Dec 2010 21:07:29 GMT

First IMO I would not drop the older crap cards as you call them. Your history is still only a few years old and they are actually helping you more then hurting you if they are PIF.

To help you with what others have received they would need more information about your credit profile.

Account

Credit Limit

Date Opened

Date Closed

Late Payments

Charge-Offs

Collections

Just giving DTI, your age and income is not a way to be comparable to others results.

Re: Anyone apply for AMEX or Nationwide lately?

larinoriani — Wed, 01 Dec 2010 21:35:37 GMT

I was instantly approved online for a Blue Cash in 11/9 with a CL of $8.3k. They pulled EX, but I had EQ 737 and TU 742 at that time, my UT was about 20%, no baddies and AAoA of 4.5 years with my oldest account being 7.5 years.

HTH.

PS Nice income for a 21 y.o. BTW

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Wed, 01 Dec 2010 21:56:09 GMT

@jj10939 wrote:
I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%
Age 21
Annual Income $55,000

Thanks for the reply!!

I was approved for Chase Slate for $6k and Costco True Earnings Amex fo $10k. $55,000 income, AAoA approx 5 years, TU: 790 EQ: 792 and EX: (from my CU pull) 770. At the time, about 5% utilization, no baddies.

Re: Anyone apply for AMEX or Nationwide lately?

jj10939 — Wed, 01 Dec 2010 23:53:13 GMT

First IMO I would not drop the older crap cards as you call them. Your history is still only a few years old and they are actually helping you more then hurting you if they are PIF.

To help you with what others have received they would need more information about your credit profile.

Account

Credit Limit

Date Opened

Date Closed

Late Payments

Charge-Offs

Collections

Just giving DTI, your age and income is not a way to be comparable to others results.

Good Luck
May all your dreams and wishes become a reality!

I was under the impression that if I were to close the accounts proven to not grow with you and that were opened much later that it would actually help me as my AAoA would increase for my Citi card and other Visa were opened 3.5 years ago and those other cards were opened more recently?

Citi:

Opened 07/2007

CL: $4000

Never Late

Visa:

Opened 2/2008

CL: $3500

Never Late

Other cards were opened after these two dates, (a total of about 8 more) that I won't use for I am not using my credit cards for anything more than emergencies and special cash back promotions which I can pay in full each month!

I wanted another card with a higher limit, though I am sure the two I decide to keep will increase my current limit with my debt now paid off, but I wanted input from others just in case I decide to apply in the future. I have never been late on any payment, no charge off, and no collections. Just about $30,000 in student loans and a car loan with about $7,000 left on it. Unsure of FICO credit score now...last time I checked which was about three months ago it was around 620 which was heavily due to being at 99% util. So now, I am hoping that after all of these accounts report PIF, my credit score should raise to right around 700 or idealy, higher.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 01:58:40 GMT

@jj10939 wrote:

First IMO I would not drop the older crap cards as you call them. Your history is still only a few years old and they are actually helping you more then hurting you if they are PIF.

To help you with what others have received they would need more information about your credit profile.

Account
Credit Limit
Date Opened
Date Closed
Late Payments
Charge-Offs
Collections

Just giving DTI, your age and income is not a way to be comparable to others results.
Good Luck
May all your dreams and wishes become a reality!
I was under the impression that if I were to close the accounts proven to not grow with you and that were opened much later that it would actually help me as my AAoA would increase for my Citi card and other Visa were opened 3.5 years ago and those other cards were opened more recently?
Citi:
Opened 07/2007
CL: $4000
Never Late
Visa:
Opened 2/2008
CL: $3500
Never Late
Other cards were opened after these two dates, (a total of about 8 more) that I won't use for I am not using my credit cards for anything more than emergencies and special cash back promotions which I can pay in full each month!
I wanted another card with a higher limit, though I am sure the two I decide to keep will increase my current limit with my debt now paid off, but I wanted input from others just in case I decide to apply in the future. I have never been late on any payment, no charge off, and no collections. Just about $30,000 in student loans and a car loan with about $7,000 left on it. Unsure of FICO credit score now...last time I checked which was about three months ago it was around 620 which was heavily due to being at 99% util. So now, I am hoping that after all of these accounts report PIF, my credit score should raise to right around 700 or idealy, higher.

You are correct as long as you keep your older cards open. You are also correct that your scores should show improvement with paying off the accounts bringing down your UTIL. IME and from what others say on here and other forums it is usually best to leave a small amount on 1 CC (<9%, but works better for me if I leave at <3%) while the others are all at 0.

IMO I think either NATIONWIDE and or AMEX will give you a decent CL. I just recently applied for Blue Cash and CL was 10,500.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 04:02:32 GMT

I was approved for both of Nationwide's cards (Personal and Business) back in January, with a similar profile to yours. I was 20 at the time, a few years of credit, and income was around $65,000.

I was instantly approved. Limits were $7.5k and $5k, for the personal and business, respectively. They have since upped my limits to $12.5k and $7.5k.

No negatives on my report, and UTL at the time was around 20%. DTI probably was around 1-2%, if that.

Re: Anyone apply for AMEX or Nationwide lately?

clocktick — Thu, 02 Dec 2010 06:10:57 GMT

@Anonymous wrote:
I was approved for both of Nationwide's cards (Personal and Business) back in January, with a similar profile to yours. I was 20 at the time, a few years of credit, and income was around $65,000.

I was instantly approved. Limits were $7.5k and $5k, for the personal and business, respectively. They have since upped my limits to $12.5k and $7.5k.

No negatives on my report, and UTL at the time was around 20%. DTI probably was around 1-2%, if that.

I am just wondering if you initiated the personal card's CLI or did they do it on their own? How long was it after you had it open? Thank you.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 06:18:23 GMT

@clocktick wrote:
@Anonymous wrote:
I was approved for both of Nationwide's cards (Personal and Business) back in January, with a similar profile to yours. I was 20 at the time, a few years of credit, and income was around $65,000.

I was instantly approved. Limits were $7.5k and $5k, for the personal and business, respectively. They have since upped my limits to $12.5k and $7.5k.

No negatives on my report, and UTL at the time was around 20%. DTI probably was around 1-2%, if that.

I am just wondering if you initiated the personal card's CLI or did they do it on their own? How long was it after you had it open? Thank you.

Nationwide does not take customer initiated CLIs, and operate on 'periodic reviews.' So they were auto-CLIs.

And I had them about 6-8 months or so.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 07:18:31 GMT

@jj10939 wrote:
I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%
Age 21
Annual Income $55,000

Thanks for the reply!!

AMEX Blue Cash- Instant approval ( Today). They didn't give me a CL, I will call and let you guys know.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 07:23:18 GMT

@jj10939 wrote:
I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%
Age 21
Annual Income $55,000

Thanks for the reply!!

Out of curiosity, how are you so young and have a decent salary already? I'm currently the same age as you, AA graduate, currently working on my BA while attending a Police Academy and it seems so hard to find employment with decent salaries!! It's probably because I'm located in So-Cal.

Re: Anyone apply for AMEX or Nationwide lately?

Anonymous — Thu, 02 Dec 2010 15:16:15 GMT

@Anonymous wrote:
@jj10939 wrote:
I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%
Age 21
Annual Income $55,000

Thanks for the reply!!
Out of curiosity, how are you so young and have a decent salary already? I'm currently the same age as you, AA graduate, currently working on my BA while attending a Police Academy and it seems so hard to find employment with decent salaries!! It's probably because I'm located in So-Cal.

This is something i would like to know as well. I have a B.A, I have a diploma in IT - I just graduated with my MBA and finishing Masters in Management in summer 2011. I am almost 28 and only make 50K - jobs are sooo difficult to come by as well... so yeah - I am wondering too...

Re: Anyone apply for AMEX or Nationwide lately?

clocktick — Thu, 02 Dec 2010 19:14:08 GMT

@jj10939 wrote:
I have just recently paid off 100% of my credit card debt bringing my utilization from 99% to 0% and I am going to be closing all my most recent crap cards keeping just Citi and my other Visa that I opened when I was 18.

I would like to apply for another card in about 6-8 months from now and I remember people talking about Nationwide giving decent limits. I was also thinking about an AMEX Delta card for the miles. I was wondering if anyone applied for either AMEX or Nationwide lately and what type of limit they gave you or based on my credit profile what type of limit I should expect.

DTI 0%
Age 21
Annual Income $55,000

Thanks for the reply!!

I just applied to Nationwide and sent in my 2009 tax returns as requested. I have no idea if I'll be approved or not but I just read the long thread on here and it seems like I may not have an answer until possibly next year! From that thread it seems as if a lot of people had to do a lot of legwork to help along the application process. You may want to read through it if you search on here.

I applied to Amex Blue and was approved...and that's with an Amex old chargeoff still showing on my EX report, which they checked. You may have a great chance at either one of these in 6-8 months if nothing goes terribly wrong. Oh yeah, I read in that Nationwide thread you must have at least a 690 FICO score and they predominantly check TU.

Re: Anyone apply for AMEX or Nationwide lately?

jj10939 — Thu, 02 Dec 2010 19:51:59 GMT

Thank you everyone for the replies.

MyFicoAddict and TheCreditKid, I applied at the company I work for because someone I know used to be a senior manager. I got a call the next day for an interview and was lucky enough to get the job. Over the last seven years I have been fortunate enough to have worked for companies in the same field and have had many accomplishments through them. I know that I am lucky to be where I am right now!!