topic Re: FICO up, need app advice in Credit Cards

FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:23:50 GMT

I checked my FICOs in the last few days and I had some lates fall off from Feb 2011. My TU FICO is showing as 737, it is the only one that allows me to refresh. Before the lates fell off my TU was 687. I can't refresh my EQ/EX scores because I'm using the trials on SW and the EX website for the next few days. Last check (about a week ago) they were: EQ 629 and EX 603. TU showing 4 INQ, EQ/EX zero INQ.

I considered applying for Discover or maybe a Chase card. Guessing that my other scores have also jumped, can anyone advise on which card or cards would be a good attempt for me at this time?

I have 2 GECRB backed cards, one from Feb 2013 and one from March 2013 but I haven't used them yet.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:25:02 GMT

Have you considered the Barclays Rewards card? They pull TU.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:26:14 GMT

what kind of cards do u want? cashback? travel rewards? no APR / Balance Transfer cards? Low APR?

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:27:41 GMT

Yes, but I am a little hesitant due to what I have read about their mood swings with pulling cards. I also have some derogs, CO and CA I am slowly paying off. Several installment loans in good standing though.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:29:33 GMT

@Anonymous wrote:
what kind of cards do u want? cashback? travel rewards? no APR / Balance Transfer cards? Low APR?

Oops, yeah I could have been more specific.

Cashback or Low APR. I'm not a big traveler.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:30:58 GMT

For Cashback, check out Discover IT, Chase Freedom, US Bank Cash+, Citi Dividend, American Express Blue Cash Everyday / Preferred.

As for Low APR, check out credit unions, Wells Fargo, Citi Simplicity, Chase Slate.

That's all I can think of right now. Hope this helps!

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:35:39 GMT

Barclays Rewards gives 2% on utilities, gas, and groceries. Better than my Cap1 at 1.5%. I have a 9.5 yr old BK 7 and one $1000 collection and they approved me on Friday...matched my limits on the Cap1 Cash Rewards and BB store card, $2500 CL. My everyday spend per month is about $1600. Chase and Discover gave me $1000 toy limits. I'm still waiting for my card!

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:39:01 GMT

@Anonymous wrote:
Barclays Rewards gives 2% on utilities, gas, and groceries. Better than my Cap1 at 1.5%. I have a 9.5 yr old BK 7 and one $1000 collection and they approved me on Friday...matched my limits on the Cap1 Cash Rewards and BB store card, $2500 CL. My everyday spend per month is about $1600. Chase and Discover gave me $1000 toy limits. I'm still waiting for my card!

Thanks for the info. And congrats on the new house!

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:41:17 GMT

@Anonymous wrote:
For Cashback, check out Discover IT, Chase Freedom, US Bank Cash+, Citi Dividend, American Express Blue Cash Everyday / Preferred.
As for Low APR, check out credit unions, Wells Fargo, Citi Simplicity, Chase Slate.

That's all I can think of right now. Hope this helps!

Yes that does help. I have just been chicken to apply for any of the big dogs. I also have been waiting it out because I don't wanna rack up INQ. I did receive a pre app offer from FNBO a while back. No limit in the offer, but it was for a Plat card with 0% APR until Nov 2013.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:43:11 GMT

you can test the waters by filling in your info for pre-approval tool on their websites. if you are pre-approved, at least you know your chances aren't that bleak. even if you're not pre-approved, that doesn't mean you won't be approved. i wasn't pre-approved for Chase CSP and Discover but I got approved when i applied.

Re: FICO up, need app advice

09Lexie — Thu, 11 Apr 2013 02:47:27 GMT

Can you give more detail on your profile? What cc's do you currently have? Util? Baddies ( some CO/CAs not really helpful) if you have a few or a lot and their age?

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 02:58:47 GMT

@09Lexie wrote:
Can you give more detail on your profile? What cc's do you currently have? Util? Baddies ( some CO/CAs not really helpful) if you have a few or a lot and their age?

I have some derogs, 3 CAs, 3 COs that I'm slowly paying down, all of them are a few years old, numerous installment loans that vary in age but all are in good standing. AAoA is either 5 or 6+ years, depending on the CRA. Last CA report was 3yrs +

I have a Walmart and a Care Credit card, 0% util because I haven't used them yet.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 03:01:22 GMT

@Anonymous wrote:
@09Lexie wrote:
Can you give more detail on your profile? What cc's do you currently have? Util? Baddies ( some CO/CAs not really helpful) if you have a few or a lot and their age?
I have some derogs, 3 CAs, 3 COs that I'm slowly paying down, all of them are a few years old, numerous installment loans that vary in age but all are in good standing. AAoA is either 5 or 6+ years, depending on the CRA. Last CA report was 3yrs +
I have a Walmart and a Care Credit card, 0% util because I haven't used them yet.

I meant all of the CO/CA are about a few years old, the derogs are several years old.

Re: FICO up, need app advice

soILseminole — Thu, 11 Apr 2013 05:56:50 GMT

Lily,

if u just have your 2 cards AND the oldest is from Feb, i would hold off applying for Discover/Chase etc. Them accounts are still new and might hurt your chances more than help. If i were you, id run some $ through the cards you have and let them report "age" for about 6 months or so and then try. Chase likes to see revolving history. IMO, you may have a shot with Discover, but it may be a lower limit and higher APR.

Re: FICO up, need app advice

09Lexie — Thu, 11 Apr 2013 06:03:58 GMT

So, you have 2 cc's, installment loans and multiple CA/COs. IMO the first thing you need to do is take care of your baddies, GW - assuming the CA/COs are all within SOL- be careful when approaching the creditors.

Second, your cards are new, to new for Chase ( they want 6 mos- 1 yr of revolving credit) that's assuming you take care of your derogatory credit. Discover may be more lenient but probably not to new credit with current outstanding COs.

Work on getting your bad credit off your report, do not app and let your current cc's age.

Good luck!

Re: FICO up, need app advice

soILseminole — Thu, 11 Apr 2013 06:18:57 GMT

i agree with MovingForward,

maybe there is a Barclays card that fits your needs??? they are known to be TU pullers

Re: FICO up, need app advice

myjourney — Thu, 11 Apr 2013 06:25:41 GMT

@09Lexie wrote:
So, you have 2 cc's, installment loans and multiple CA/COs. IMO the first thing you need to do is take care of your baddies, GW - assuming the CA/COs are all within SOL- be careful when approaching the creditors.

Second, your cards are new, to new for Chase ( they want 6 mos- 1 yr of revolving credit) that's assuming you take care of your derogatory credit. Discover may be more lenient but probably not to new credit with current outstanding COs.

Work on getting your bad credit off your report, do not app and let your current cc's age.

Good luck!

IMO +1

You honestly don't have enough credit history combined with the fact of CO's and CA's

Spend some time in the garden while your work on your file and in about 6 month you'll be in much better shape thus increasing your

chances of approvals...More INQ's will simply lower your scores.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 12:50:34 GMT

Thank you and good luck on your next app!

Re: FICO up, need app advice

thelethargicage — Thu, 11 Apr 2013 14:24:00 GMT

If you want a cashback card, I recommed Amex Blue Cash Preferred and Chase Freedom. US Bank Cash Plus is way overrated.

Re: FICO up, need app advice

Anonymous — Thu, 11 Apr 2013 15:56:06 GMT

@09Lexie wrote:
So, you have 2 cc's, installment loans and multiple CA/COs. IMO the first thing you need to do is take care of your baddies, GW - assuming the CA/COs are all within SOL- be careful when approaching the creditors.

Second, your cards are new, to new for Chase ( they want 6 mos- 1 yr of revolving credit) that's assuming you take care of your derogatory credit. Discover may be more lenient but probably not to new credit with current outstanding COs.

Work on getting your bad credit off your report, do not app and let your current cc's age.

Good luck!

I'm working on it, in small payments. What do you mean be careful, do you mean the baddies or new cards? One of my loans is through Discover also, and all of my loans are in good standing. Do you think that would make a difference with Discover? I app for the Discover version of WM card, got offered store card but that was when my score was much lower. I also have been reading widely varied opinions about INQ and whether or not they drop scores. Is this a ymmv issue?