topic Re: Advice Needed for New Card App in Credit Cards

Advice Needed for New Card App

icetrap06 — Thu, 27 Dec 2012 23:30:09 GMT

So, I have been gardening for over a year to improve my FICO scores.

As of now my stats are as follows:

TU - 670

EQ - 654

EX - ???

CAP One - 500 CL

CAP One - 1000 CL

Salary - 80k

My current utilization is 26%. My goal is to lower it less than 10% before applying anywhere.

I have tried multiple times for CLI from Cap One, however they refuse to budge. The CSR explained that my card is not elligable for uprgrades or CLI.

Anyways, I really want to get my foot in the door with a prime lender (AMEX, Chase, Discover). I have a pre-qualify notice from AMEX for the Delta Gold card, but this may be b/c I fly with Delta not so much b/c of my scores.

Any help/advice would be greatly appreciated.

Thanks!!

My question is, who do I have the best shot of getting my foot in the door with? I would love a card that actually carries some rewards and benefits (ideally cash or hotel rewards as a I travel a lot for work).

Re: Advice Needed for New Card App

lylesvegas — Thu, 27 Dec 2012 23:33:13 GMT

I got approved for Discover with a 649 fico.......

Re: Advice Needed for New Card App

icetrap06 — Thu, 27 Dec 2012 23:46:15 GMT

If you dont mind my asking, how was their credit limit?

Re: Advice Needed for New Card App

SnackTrader — Thu, 27 Dec 2012 23:50:09 GMT

What baddies are on your reports? Your scores may get you a number of cards, but the number, type, and age of baddies may hold you back from certain lenders. Maybe that information can help avoid unnecessary inquiries.

Re: Advice Needed for New Card App

icetrap06 — Thu, 27 Dec 2012 23:56:32 GMT

I have one charge off from 2006 for $331 and one 120 late for a power company (have attempted to get this removed numerous times). My AAoA is 7 years and I have had 0 INQ in the past year.

Re: Advice Needed for New Card App

creditnocash — Fri, 28 Dec 2012 00:00:00 GMT

@icetrap06 wrote:
I have one charge off from 2006 for $331 and one 120 late for a power company (have attempted to get this removed numerous times). My AAoA is 7 years and I have had 0 INQ in the past year.

they can still see inq's past a year they just dont effect score (and will fall off after 2 years)

are those scores from here?

if you pay off the balances too about 4% your score should see a nice bump.

for me at least right now i have reporting 20% from the 4 i had last month and my score tanked about 35 points. (also went from 1 card reporting too 4- and 2 of them appear maxed out)

with 7 years of aaoa though id suggest a chase freedom after you pay down your cards. and possibly add too your secured card. (if they dont pull too add a deposit)

from what i here they are good with recon once you talk to a live person.

Re: Advice Needed for New Card App

icetrap06 — Fri, 28 Dec 2012 00:04:18 GMT

Great info!!...The scores are from here (last pulled at the beginning of December).

Re: Advice Needed for New Card App

lylesvegas — Fri, 28 Dec 2012 00:09:20 GMT

2000 $ to start....

Re: Advice Needed for New Card App

icetrap06 — Fri, 28 Dec 2012 00:10:57 GMT

Thanks Vegas!

Re: Advice Needed for New Card App

lylesvegas — Fri, 28 Dec 2012 00:13:51 GMT

No prob....Just go ahead an app now.......let me know how it goes....

Re: Advice Needed for New Card App

creditnocash — Fri, 28 Dec 2012 00:28:25 GMT

@lylesvegas wrote:
2000 $ to start....

2000? what

did you app for your freedom thanksgiving day?

Re: Advice Needed for New Card App

lylesvegas — Fri, 28 Dec 2012 00:37:32 GMT

2000 CL on my Discover..... I do not have a chase....

Re: Advice Needed for New Card App

nicholasyud — Fri, 28 Dec 2012 03:49:18 GMT

Paid down your utiliti down would increase some more points there.

I would go for amex green.

Discover and Chase. Apps them all then garden i guess.

I found it weird when i request my capital one mutiple times and they wont budge me a pennie for my credit limit increase but after 2 months new account like Discover,Amex report. They increase me from 500 to 2k. One day waiting before executive call me.

Re: Advice Needed for New Card App

Anonymous — Fri, 28 Dec 2012 04:12:53 GMT

Lyles Vegas, were you instantly approved or did you have to recon? I received conditional approval for a Chase Freedom last week after recon. 703 fico. Only bad is a BK from 2003 that is falling off next year.

Re: Advice Needed for New Card App

icetrap06 — Fri, 28 Dec 2012 21:04:39 GMT

Thanks everyone for your advice. I just sent an e-mail to the executive office for Capital One this morning. A few hours later I recieved a phone call from the Executive Office. The rep stated they should be able to expand my credit limit and give me rewards on my current card. So, I will hold and see what comes of the request. If nothing comes to pass with Capital One, I am moving them to the sock drawer. I'll let you all know what happens.

Re: Advice Needed for New Card App

icetrap06 — Sun, 30 Dec 2012 07:58:19 GMT

One more question...Will my one late utility payment even factor in when getting a revolver?

Re: Advice Needed for New Card App

icetrap06 — Mon, 31 Dec 2012 22:04:22 GMT

So, I took the plunge and went on an App spree and got the following:

1.) Capital One to increase my limit 1k

2.) AMEX Green Charge Card

3.) Discover IT (6k limit!!)

Thanks for the advice everyone!