topic Re: New Cedit Card Help in Credit Cards

New Cedit Card Help

seat3a — Sun, 09 Sep 2012 14:32:52 GMT

I am grateful to this board as it has helped me understand a lot about credit. I would like to apply for a new card but have been SO careful with my credit and I am a little app shy...LOL! I built my credit through HSBC starting with 3 cards; orchard bank $300 CL, $0 bal, Direct Rewards $420 CL, $0 bal, Direct rewards $500 CL, $0 bal. I have a relationship with Chase so last November I did an app for the CSP and got a $5,000 CL ($809 bal). I was so excited that they gave me this high limit (considering the other limits on the now Cap One cards). I have 3 inq on EQ. One is Chase from 11/11, Discover Financial Services from 10/10, and two utilities.

Are the HP utilities counted as much as inq like Chase? Also, should I ask for a Chase CLI and hopefully have a higher CL showing which might prompt, say Citi to give me above a $5,000 limit ir does it matter? Goal is rewards and $15k to $20k in credit. AAoA average 4 years. Income $88k Thanks so much!!!

EQ FICO: 767 Credit XpertL EQ 767, TU 769, EX 789

Re: New Cedit Card Help

Shogun — Sun, 09 Sep 2012 14:36:45 GMT

@seat3a wrote:
I am grateful to this board as it has helped me understand a lot about credit. I would like to apply for a new card but have been SO careful with my credit and I am a little app shy...LOL! I built my credit through HSBC starting with 3 cards; orchard bank $300 CL, $0 bal, Direct Rewards $420 CL, $0 bal, Direct rewards $500 CL, $0 bal. I have a relationship with Chase so last November I did an app for the CSP and got a $5,000 CL ($809 bal). I was so excited that they gave me this high limit (considering the other limits on the now Cap One cards). I have 3 inq on EQ. One is Chase from 11/11, Discover Financial Services from 10/10, and two utilities.

Are the HP utilities counted as much as inq like Chase? Also, should I ask for a Chase CLI and hopefully have a higher CL showing which might prompt, say Citi to give me above a $5,000 limit ir does it matter? Goal is rewards and $15k to $20k in credit. AAoA average 4 years. Income $88k Thanks so much!!!

EQ FICO: 767 Credit XpertL EQ 767, TU 769, EX 789

An Inq is an Inq. But they are about to lose their affect. Inquiries stay on your CR for 2 years but only affect your FICO for 1 year.

Re: New Cedit Card Help

LS2982 — Sun, 09 Sep 2012 14:38:28 GMT

@seat3a wrote:
I am grateful to this board as it has helped me understand a lot about credit. I would like to apply for a new card but have been SO careful with my credit and I am a little app shy...LOL! I built my credit through HSBC starting with 3 cards; orchard bank $300 CL, $0 bal, Direct Rewards $420 CL, $0 bal, Direct rewards $500 CL, $0 bal. I have a relationship with Chase so last November I did an app for the CSP and got a $5,000 CL ($809 bal). I was so excited that they gave me this high limit (considering the other limits on the now Cap One cards). I have 3 inq on EQ. One is Chase from 11/11, Discover Financial Services from 10/10, and two utilities.

Are the HP utilities counted as much as inq like Chase? They count as INQ's and may cause a denial through a computer decision when you app online but can be recon'd with a human as they are not credit INQ's. Also, should I ask for a Chase CLI How long has the CSP been open?? I'd probably wait for the yearmark then ask for CLI. and hopefully have a higher CL showing which might prompt, say Citi to give me above a $5,000 limit ir does it matter? Goal is rewards and $15k to $20k in credit. AAoA average 4 years. Income $88k Thanks so much!!!

EQ FICO: 767 Credit XpertL EQ 767, TU 769, EX 789

If your looking for a new card i'd try AMEX or Discover. BCP is a good choice.

Re: New Cedit Card Help

seat3a — Sun, 09 Sep 2012 14:57:51 GMT

Thanks so much for the help! CSP will reach the one year mark this November. Also, I am afraid to app Amex as in the 80;s I had a card and defaulted on it because of job loss, but not sure if I was just an authorized user. Don't need anoth HP!

Re: New Cedit Card Help

jamie123 — Sun, 09 Sep 2012 15:07:58 GMT

Dude!!!!!

With your current scores and history you can get ANY card you want!

AMEX's memory is not that long.

With your scores, inquiries are not that important. Quit obsessing over them.

You really should consider going on an app sree to pick-up 3 more cards. You should make sure they are from the following PRIME banks:

AMEX

Chase

CitiBank

Bank of America

Discover

Wells Fargo

Barclays

With your scores, history and income you should easily be approved from these prime banks.

Go for it!

Good luck!

Re: New Cedit Card Help

iMacDrew — Sun, 09 Sep 2012 15:27:40 GMT

if you go on a spree with those prime banks do a little research and try to strive for 1 app per credit bureau. TU- Barclays, Ex- Amex etc.

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 16:43:19 GMT

Thanks for the reply! I am in FL but have been having a lot of difficulty determining who pulls from which bureau. I went on Who Gave Me Credit but it seems to vary. Again, any help is appreciated.

Re: New Credit Card Help

jamie123 — Sun, 09 Sep 2012 17:07:29 GMT

Like I said before, I don't think inquiries will be a problem.

Why don't you try and apping for a AMEX Blue Cash Everyday or Blue Cash Preferred and stop back and tell us how it went.

The BCE is no AF the BCP has a AF.

You wanted an AMEX right?

Why don't you go get one and stop back and we can discuss the next card!

You can do it! Quit obsessing about it!

Good luck!

(AMEX will pull EX)

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 18:08:40 GMT

I went on the Amex site and filled out the pre-selected offers and the site says

We are unable to find any pre-selected offers for you at this time due to any of the following reasons:

- Your offer(s) may have expired.
- We are unable to find an offer based on the information you provided to us.
- Our site may be experiencing technical difficulty.

However, we have other great offers designed to meet your needs. See them below and apply now.
If you are an existing Cardmember, click this link to access your exclusive offers.

I don't understand this so I don't know what to do. Thanks again for your help.

Re: New Credit Card Help

jamie123 — Sun, 09 Sep 2012 18:29:23 GMT

You were on the wrong page!

You applied to see if you were pre-approved for any of their cards. Don't worry about that. I did the same thing you did and received the same info you did.

I then went to the actual application page and applied for the Zync and was approved. (Of course my credit is in much worse shape than yours.)

You need to go here: https://www304.americanexpress.com/credit-card/compare

Find the card you want to apply for and hit the "APPLY NOW" button for that card.

Good luck!

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 19:05:46 GMT

Took The plunge! Amex is pending further review (?). Should I call them? Said I would receive notification by mail within 14 days. Is this standard or what do you think it means?

ALSO, instantly approved for Citi Platinum Select/AAdvantage World MasterCard with initial CL of $11K. Thanks to everyone for their help! Will be joining the people who are in the garden!

Re: New Credit Card Help

jamie123 — Sun, 09 Sep 2012 19:22:09 GMT

Give them a call. They may just need to verify something. You at least weren't out and out denied! This is a good sign!

Give them a call.

Good luck!

Re: New Credit Card Help

jamie123 — Sun, 09 Sep 2012 19:24:34 GMT

WOW!!!

I took a double take!!! I initially didn't see the bottom of your last post.

Congrats!!!!

11K+ !!!!!!!

You are the man!!!!

Re: New Credit Card Help

gettnthere — Sun, 09 Sep 2012 19:38:48 GMT

@seat3a wrote:
Took The plunge! Amex is pending further review (?). Should I call them? Said I would receive notification by mail within 14 days. Is this standard or what do you think it means?

ALSO, instantly approved for Citi Platinum Select/AAdvantage World MasterCard with initial CL of $11K. Thanks to everyone for their help! Will be joining the people who are in the garden!
Congrat

Congrats on CITi! have you checked your Credit Reports to see if Amex has made a HP yet?

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 19:41:57 GMT

Hi! Amex is closed today so I'll call tomorrow. Think I'll open a bit of the bubbly!!!

Can't tell by my screen name but I am the WOMAN!!!

Thanks again and will post again when Amex responds with an answer.

Re: New Credit Card Help

gettnthere — Sun, 09 Sep 2012 19:53:30 GMT

do you currenty have any kind of credit monitoring service that you use? what i meant in my above post was if American Express had made a request (inquiry) for your credit. you could check for that if you do have some kind of Credit Monitoring Service. it would be listed under the INquiry section. i was just asking bc you stated that you had a charge-off with AMEX back in the 80's and might be blacklisted. however, considering that AMEX did not auto-reject you, i suspect that you are not blacklisted and your app is probably just needing some kind of verification or just needs a human to review it. in either case, im sure you will be approved! keep us posted

Re: New Credit Card Help

CribDuchess — Sun, 09 Sep 2012 19:55:45 GMT

Try going to this site to check the status of your Amex app: www.americanexpress.com\applicationstatus

Often times, you will get the 7-10 day message intially, but then when you check the status online, you may see Approved. Good luck and let us know the results.

Congrats on your new Citi card, too!!

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 19:56:24 GMT

Hi! Yes, I do have a service and Experian has one new inquiry. Will keep you posted. Have a great evening!

Re: New Credit Card Help

gettnthere — Sun, 09 Sep 2012 19:58:31 GMT

@CribDuchess wrote:
Try going to this site to check the status of your Amex app: www.americanexpress.com\applicationstatus

Often times, you will get the 7-10 day message intially, but then when you check the status online, you may see Approved. Good luck and let us know the results.

Congrats on your new Citi card, too!!

+1, thats how i found out i was aprroved for my ZYNC before AMEX even sent out the approval email. its the fastest(and best) way to find out the status of your app

Re: New Credit Card Help

seat3a — Sun, 09 Sep 2012 20:00:46 GMT

Thanks! I am really happy as it took me 5 years to get to this point. I will try and contribute to the board as people like you have been so much help to me. I DO have quite a bit of knowledge about how to raise you credit score so I feel I could be of help to the really new people starting out.