topic Re: Avoiding AA in Credit Cards

Avoiding AA

Anonymous — Thu, 14 Feb 2013 21:41:34 GMT

As many have seen in my previous post I have 11 new accounts in the span of a few months. Some of the approvals are not what I was looking for. The question is should I close some of those accounts to avoid AA from the accounts that I want. Two cards come to mind that I really dont want, the Barclays Apple card and the BofA Amex the limits dont do anything for me. So what do you gusy think.

Re: Avoiding AA

Anonymous — Thu, 14 Feb 2013 21:44:10 GMT

I'm curious too. From reading I understand that AA isn't as common as people think it is but because you only hear about AA when it happens it seems like it happens more often. From my understanding it seems to happen more with certain banks such as Barclays and Amex and less so with others.

I have opened 8 cards in the past month and I'm also a bit worried myself. To be safe, I charged some items on the cards and PIF within a week. I don't know if that will help avoid the AA, but hope it helps if I do get some limits reduced or worse.

I wish you luck man.

Re: Avoiding AA

Anonymous — Thu, 14 Feb 2013 21:47:23 GMT

The only thing that I am worried about is Barclays taking AA, I dont really care about the card and it starting a domino effect for cards that I do want to keep. Im thinking as long as your Utility does not go through the roof we should be fine, but like anything in life its a crapshoot

Re: Avoiding AA

p- — Thu, 14 Feb 2013 22:44:08 GMT

dodgeball wrote:

Hey, sorry to hijack but I noticed the USAA World MC in your sig; Did you ask for that specifically, or did they upgrade a cash rewards card for you? As you can see, DW has me as an AU on a Platinum and I'm curious.

Re: Avoiding AA

Anonymous — Thu, 14 Feb 2013 22:47:26 GMT

I apped for the World MC

Re: Avoiding AA

p- — Thu, 14 Feb 2013 22:52:48 GMT

@Anonymous wrote:
I apped for the World MC

Thanks... Do you know if USAA ever does PC?

Re: Avoiding AA

Anonymous — Thu, 14 Feb 2013 22:54:33 GMT

Im not 100% sure but I think I have read that they do

Re: Avoiding AA

tcbofade — Thu, 14 Feb 2013 22:55:04 GMT

@Anonymous wrote:
As many have seen in my previous post I have 11 new accounts in the span of a few months. Some of the approvals are not what I was looking for. The question is should I close some of those accounts to avoid AA from the accounts that I want. Two cards come to mind that I really dont want, the Barclays Apple card and the BofA Amex the limits dont do anything for me. So what do you gusy think.

In late 2010/early 2011 I opened a string of accounts and saw no AA from any bank.

The two that you're debating closing are the two that are mostly like to take AA anyway, so I suggest you do nothing and quit worrying.

Re: Avoiding AA

youngandcreditwrthy — Fri, 15 Feb 2013 12:35:50 GMT

Don't close any! Just be careful and don't let your util creep up! Run your credit like a business!

I think I mentioned AA in your other post. I wasn't trying to scare...just letting you know.

Personally, Ive opened 4-5 accts at once and saw nothing, but I made sure to pif the first 3-6 months!

Re: Avoiding AA

Anonymous — Fri, 15 Feb 2013 13:38:15 GMT

I've heard Barclay's is new account sensitive but is Amex that way too?

Re: Avoiding AA

jsickz32 — Fri, 15 Feb 2013 13:42:56 GMT

From 06/12 to yesterday ive opened 19 new accounts and have gone from 8k cl to almost 70kcl i think. Ive closed a total of 4 cards since then. So 15 new accounts still open. No AA or anything. My utl hasnt been higher than 3%. Right now my total debt is 256.00. As long as you keep your utl low and you dont miss a payment or go crazy the with new credit you will be fine.

Re: Avoiding AA

jsickz32 — Fri, 15 Feb 2013 13:43:30 GMT

Oh and im 21

Re: Avoiding AA

Anonymous — Fri, 15 Feb 2013 15:57:49 GMT

thanks for the thoughts and examples, guys !

Re: Avoiding AA

Anonymous — Fri, 15 Feb 2013 16:12:40 GMT

Sorry about the stupid question for some of you but what does AA means? I google it but American Airlines is for sure not.

Re: Avoiding AA

Anonymous — Fri, 15 Feb 2013 16:14:04 GMT

@Anonymous wrote:
Sorry about the stupid question for some of you but what does AA means? I google it but American Airlines is for sure not.

adverse action

Re: Avoiding AA

tcbofade — Fri, 15 Feb 2013 22:09:53 GMT

@Anonymous wrote:
Sorry about the stupid question for some of you but what does AA means? I google it but American Airlines is for sure not.

If you're playing Texas Hold 'em, it means you've got the best possible starting hand!