topic Re: Increase or Not in Credit Cards

Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 03:26:52 GMT

Ok so the 3 cards below are secured Credit Cards the FP and The AFCU have been open since January im thinking about increasing AFCU to 1000 would that be wise or not .. the FP i would like to increase to at Least 500 but they wont let me until 6 months of having the card and the US Bank has yet to even report i just got that this month... Also i been thinking about getting one unsecured sub-prime and then just gardening for 6 months to a year and see where i get .... anyone have any other suggestions , do's or dont's , opinions?

Re: Increase or Not

staifokuzed — Tue, 23 Apr 2013 03:45:34 GMT

You have three now which is good for scoring. If it is easy to do bump the AFCU up. It will also help you with future limits. Garden a bit.

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 03:53:43 GMT

do you think 1k would be good or higher..

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:01:49 GMT

Increase to the amount you can afford and I think your plan sound great. I have seen cases were new cards limits were matched based on the secured card because some don't show as secured on CR they show as credit cards ... So good move

Re: Increase or Not

09Lexie — Tue, 23 Apr 2013 04:02:50 GMT

The higher the CL, the better. Myjourney is absolutely correct

Re: Increase or Not

staifokuzed — Tue, 23 Apr 2013 04:03:34 GMT

1K should be good. More would be better! Also what about US Bank. Do they let you add more? Once you add age you can then apply. DO any of the cards graduate? If so that is one that I would focus on. Think of it as a savings account.

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:10:34 GMT

yes AFCU and US Bank Graduates .... i actually was told by an US bank analyst that my trans score is great but they wanna see history so keep the acct in good standing 6 monyhs and then apply for an CLI ...so apparently they do CLI's on secured cards....

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:15:02 GMT

Yes when they unsecure in some cases they increase the limits

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:18:57 GMT

my 2nd question was my build strategy is this effective or not here goes :

on the AFCU i charge my EZ Pass on every month 75 bucks pay it before statement cuts then charge cash advance 10 dollars so it reports a balance on CRA report day...

on the FP i have it for all my monthly subscription services such as here , eliminateID, netflix and thats about it so that about 40 bucks or a lil below PIF b4 due date...

then on US Bank i will charge my AT&T cell phone bill $70 and PIF before statement due date..

While also maintaining a car note of 656 a month.... now my way of managing all those things in timely manners is auto pay and automatic transfer and bill pay....

Effective enough as charges or not....

Re: Increase or Not

09Lexie — Tue, 23 Apr 2013 04:21:01 GMT

Cash advance? Why are you getting $10 cash advance?

That must be some car....$656 a month! 😳

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:24:37 GMT

well the cash advance is because AFCU allows me to transfer money from the card to my checking i just do that so it reports something i typically have no use for my credit cards so this was the only strategy i could come up with.. im really only building as a job and something to improve on and better myself because im so use to spending cash its like i have them but dnt have them ... and that payment lol... long story with that but thats another thing im looking to accomplish get that payment lowers i transfered 3000 negative equity from a previous car loan onto a new car and i ended up upside down and having to lease instead of finance so im looking to finance it soon .....

Re: Increase or Not

09Lexie — Tue, 23 Apr 2013 04:27:58 GMT

I am not familiar with AFCU but charging a cash advance just so it can report a balance does not seem the best way to help your rebuild. Why not put the Netflix on this card?

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:29:41 GMT

@shaun2009 wrote:
my 2nd question was my build strategy is this effective or not here goes :

on the AFCU i charge my EZ Pass on every month 75 bucks pay it before statement cuts then charge cash advance 10 dollars so it reports a balance on CRA report day...At 1st you threw me but I see what your doing...stop the cash advance after you pay it off buy some gum, chips and water and let it report or $10 worth of gas.
Cash advance is costing you money

on the FP i have it for all my monthly subscription services such as here , eliminateID, netflix and thats about it so that about 40 bucks or a lil below PIF b4 due date...

then on US Bank i will charge my AT&T cell phone bill $70 and PIF before statement due date..

While also maintaining a car note of 656 a month.... now my way of managing all those things in timely manners is auto pay and automatic transfer and bill pay....

Effective enough as charges or not....

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:33:08 GMT

@myjourney wrote:
@shaun2009 wrote:
my 2nd question was my build strategy is this effective or not here goes :

on the AFCU i charge my EZ Pass on every month 75 bucks pay it before statement cuts then charge cash advance 10 dollars so it reports a balance on CRA report day...At 1st you threw me but I see what your doing...stop the cash advance after you pay it off buy some gum, chips and water and let it report or $10 worth of gas.
Cash advance is costing you money

on the FP i have it for all my monthly subscription services such as here , eliminateID, netflix and thats about it so that about 40 bucks or a lil below PIF b4 due date...

then on US Bank i will charge my AT&T cell phone bill $70 and PIF before statement due date..

While also maintaining a car note of 656 a month.... now my way of managing all those things in timely manners is auto pay and automatic transfer and bill pay....

Effective enough as charges or not....

ok will do that just gonna charge my lunch on it one day lol... thats about 5 bucks a day but is the overall strategy effective enough does repetitivness like raise a flag on manual reviews or anything .....

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:34:39 GMT

@shaun2009 wrote:
@myjourney wrote:
@shaun2009 wrote:
my 2nd question was my build strategy is this effective or not here goes :

on the AFCU i charge my EZ Pass on every month 75 bucks pay it before statement cuts then charge cash advance 10 dollars so it reports a balance on CRA report day...At 1st you threw me but I see what your doing...stop the cash advance after you pay it off buy some gum, chips and water and let it report or $10 worth of gas.
Cash advance is costing you money

on the FP i have it for all my monthly subscription services such as here , eliminateID, netflix and thats about it so that about 40 bucks or a lil below PIF b4 due date...

then on US Bank i will charge my AT&T cell phone bill $70 and PIF before statement due date..

While also maintaining a car note of 656 a month.... now my way of managing all those things in timely manners is auto pay and automatic transfer and bill pay....

Effective enough as charges or not....

ok will do that just gonna charge my lunch on it one day lol... thats about 5 bucks a day but is the overall strategy effective enough does repetitivness like raise a flag on manual reviews or anything .....

No you will be fine

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:37:02 GMT

cheers now my only problem is patience i have yet to find the essence of patience im literally on here everyday looking for a better way to speed the process but its nearly impossible lol...

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:38:17 GMT

@shaun2009 wrote:
cheers now my only problem is patience i have yet to find the essence of patience im literally on here everyday looking for a better way to speed the process but its nearly impossible lol...

Join the garden thread for help Lol a great bunch of people Lol

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 04:40:51 GMT

lol yea i been there .... im just so anxious to make a post on this forum not asking for help but being one of the pppl saying ohh just got approved for this and that ..... i see a new one everyday and then say crap its gonna take me forever to get there....i just want at least 1 unsecured and ill be content for a while i just need a shot without the long wait...

Re: Increase or Not

myjourney — Tue, 23 Apr 2013 04:45:16 GMT

@shaun2009 wrote:
lol yea i been there .... im just so anxious to make a post on this forum not asking for help but being one of the pppl saying ohh just got approved for this and that ..... i see a new one everyday and then say crap its gonna take me forever to get there....i just want at least 1 unsecured and ill be content for a while i just need a shot without the long wait...

We all understand that the dreaded app itch we all suffer from it Lol

Look forward to seeing you back in the garden and update your garden signature when you get there

Re: Increase or Not

CreditExpressNJ — Tue, 23 Apr 2013 05:04:40 GMT

how long would you say i should garden for before i can get at least a prime card mainly barclay i have my eye on or US Bank ... for now... but my file is thin so how much time should i demonstrate before trying for one of those...