topic Re: New credit accounts in Credit Cards

New credit accounts

Anonymous — Sun, 30 Dec 2007 00:30:40 GMT

During the holidays did any of you app for any new credit? If so what and where?

If so was the deal or reason you apped really worth it?

From Novemeber to December I appd Walmart 600 limit (offered any order over 250 no interest for 12 months) also appd Macys got 600 limit (offered great deals ended up with almost 100 dollar savings on a order of close to 400 dollars --and lastly I got a new CC with 2000 limit no interest for 6 mos WAMU mastercard and lastly a Shell gas card with 300 limit will come in handy in 08 I am sure with todays gas prices...never had a store or gas card==so changed my credit mix

lastly closed last week on a refinance of my mortgage down to 6 percent was orginally 7.5 but after 2 years had been adjusting every 6 mos--had an ARM yeah thats over got a fix rate now---

Through it all scores were low to mid 600s and they still are 2 are above 650 and 1 close to 615...

Glad I didnt catch much impact and 3 were not reporting on the report--so hopefully scores will increase again once those addtl CLs post...

Re: New credit accounts

Red1Blue — Sun, 30 Dec 2007 00:53:49 GMT

Congrats on your new cards and new mortgage. I am sure you'll scores will go up again soon.

Re: New credit accounts

Anonymous — Sun, 30 Dec 2007 04:37:00 GMT

Congratulations on your refinancing.

I did not jump on the app'ing bandwagon this holiday season. ZERO apps for me in Nov/Dec 2007.

Focusing on my plan for 1st mortgage in May 2008. After that I will stroll into Nordstrom and apply !!

Re: New credit accounts

Anonymous — Sun, 30 Dec 2007 04:51:47 GMT

I app'd for a Citi, not for any special deals, just because I had always wanted one.

Now I did take a hit (33 pts) when that new CC reported. OUCH!!

CONGRATS on the refi!!

Re: New credit accounts

Anonymous — Sun, 30 Dec 2007 04:52:47 GMT

Wait I forgot I did reopen Saks, but I don't think that counts as new.

Re: New credit accounts

haulingthescoreup — Sun, 30 Dec 2007 14:02:54 GMT

@Anonymous wrote:
--and lastly I got a new CC with 2000 limit no interest for 6 mos WAMU mastercard and lastly a Shell gas card with 300 limit will come in handy in 08 I am sure with todays gas prices...never had a store or gas card==so changed my credit mix

lastly closed last week on a refinance of my mortgage down to 6 percent
Lastly, lastly, lastly! (sorry, just teasing)

Congrats, you did that very efficiently! Glad you're safely in the land of fixed-rate mortgages now. And you picked your cards for some smart reasons; not just app'ing for everything in sight! Those were some good deals there. You might not even want to look at your scores once the new lines pop up --ouch! --but they should recover quickly.

Re: New credit accounts

Anonymous — Sun, 30 Dec 2007 14:34:40 GMT

Congrats!

Well, I did 1 app (GapCard) and 1 reactivation (Macy's) for the holidays. The Macy's reactivation might have hit my score for about 3-8 points. GapCard didn't seem to change it. The GapCard CL is my lowest at $200, Macy's is 2nd lowest (tie with PayPal MC) at $800. I did take advantage of their promo's and perks this season and for post-Christmas sales.

I do notice that I tend to prefer Old Navy to Gap in general, so I am wondering if I would be benefiting more from an Old Navy Card instead. No biggie I guess since I tend to chase clearance deals from there anyway.

I'm amazed when I can find little kids tops and sweaters for under $5 at GapKids.

Re: New credit accounts

Anonymous — Mon, 31 Dec 2007 04:43:34 GMT

Your score will definitely dip because of the new apps and debt ratio on the new cards. You will rebound within a couple of months.

Re: New credit accounts

Anonymous — Mon, 31 Dec 2007 08:50:14 GMT

FWIW I've had good luck with my Macy's account. It's my oldest TL (17 years - back from the days of LS Ayres). At one point I had Macy's, LSAyres and Lazarus, but the only one that survived is now branded as Macy's. The card was in such bad shape a few years ago that I had either a 75 or 100 TL. It has slowly grown on its own. I recently called their credit dept to ask a question and they offered to increase the TL from 750 to 1000. I thought, gee, I won't need it, but I'll take the CLI. Be good to them and they'll be good to you.

Re: New credit accounts

ccaddict — Mon, 31 Dec 2007 10:27:06 GMT

App'd for Hooters, just because they pull TU and I didn't have any TU inqs in the past year. Approved for 500cl.

Next will app in july for citi.

Re: New credit accounts

stpn2me — Mon, 31 Dec 2007 14:18:15 GMT

App'd for JCPenny and got a CL of $1750. Got only because my wife goes to Penny so much and my Mother in Law retired from there and gets a KILLER discount!

TU - 693 EQ-675 EX-694

Re: New credit accounts

Anonymous — Mon, 29 Sep 2008 10:18:21 GMT

The Shell Mastercard is awesome !

I love my Shell Mastercard !