topic Re: Big score jump, what card now? in Credit Cards

Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 19:42:29 GMT

My Equifax and Transunion scores just took a giant leap upwards after my last baddie fell off. I guess I'm

thinking I should apply for a new card as sort of a reward for the much better score that I now have.

I checked to see if I qualified for PenFed and NFCU and I don't so, now I am thinking about US Bank.

Considering that I am probably black-balled with AMEX, what advice can you folks gice me for a nice new card?

I currently have: 2 cards with USAA, 1 each with EECU, Amazon, Sam's, Discover IT and Capital One.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 19:43:17 GMT

What kind of cards do you need/want? Travel? Cashback? Low apr? What do you usually spend on?

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 19:49:05 GMT

Thanks for the response. I would probably want a low APR and cash back. I don't carry a balance so I guess a card that might give an opening Credit Line that's significant.

Re: Big score jump, what card now?

jakemod1 — Sun, 09 Jun 2013 19:55:44 GMT

Normally, cards that have perks such as cashback tend to have a higher APR than a no rewards card. Since you have the Discover IT already, why not go for the Chase Freedom to broaden your quarterly cashback categories? Do you have any 5k+ credit lines? That typically increases your chances of getting approved for a higher CL.

Re: Big score jump, what card now?

Countingpennies — Sun, 09 Jun 2013 20:06:05 GMT

Why aren't you qualified for Penfed? It's open to anyone with organization membership, you have to join the org.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:10:35 GMT

What orginization do I join? I checked last night and I didn't belong to any of the organizations they had listed. Did I miss something.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:12:07 GMT

@jakemod1 wrote:
Normally, cards that have perks such as cashback tend to have a higher APR than a no rewards card. Since you have the Discover IT already, why not go for the Chase Freedom to broaden your quarterly cashback categories? Do you have any 5k+ credit lines? That typically increases your chances of getting approved for a higher CL.

Yes, I have 3 cards over 5k each.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:13:10 GMT

@Countingpennies wrote:
Why aren't you qualified for Penfed? It's open to anyone with organization membership, you have to join the org.

What org. do I join?

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:16:59 GMT

There should be something that says "Let me join another way". Click on that an offers up two organizations that you pay a one time fee to for membership (Like $20). Join one of them and you become elligible for Penfed.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:19:48 GMT

@Anonymous wrote:

There should be something that says "Let me join another way". Click on that an offers up two organizations that you pay a one time fee to for membership (Like $20). Join one of them and you become elligible for Penfed.

Thanks a lot, I found the info you gave me.

Re: Big score jump, what card now?

unc0mm0n1 — Sun, 09 Jun 2013 21:26:26 GMT

I'm curious, my only baddie is scheduled to drop off later this year. right around the time my AAoA get over a year and my Oldest account goes to 4 years so I'm expecting a big jump as well.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 21:35:33 GMT

@unc0mm0n1 wrote:
I'm curious, my only baddie is scheduled to drop off later this year. right around the time my AAoA get over a year and my Oldest account goes to 4 years so I'm expecting a big jump as well.

My last baddie was an electric bill of $861 that was charged off. Once it dropped off, I went from 683 to 735 Equifax FICO. Good luck to you.

Re: Big score jump, what card now?

unc0mm0n1 — Sun, 09 Jun 2013 21:49:13 GMT

Nice, mine is a cell phone bill CO for $500.. Fortunately it'll be off for good in 4-5 short months . It's weird because CK says I don't have any baddies but I thought they were powered by TU. I Pulled my TU report and it's still there. Weird.

Re: Big score jump, what card now?

LS2982 — Sun, 09 Jun 2013 21:54:20 GMT

OP did you get in with PenFed???

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 22:07:22 GMT

@LS2982 wrote:
OP did you get in with PenFed???

Not yet, I will be apping next week.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 22:10:50 GMT

@unc0mm0n1 wrote:
Nice, mine is a cell phone bill CO for $500.. Fortunately it'll be off for good in 4-5 short months . It's weird because CK says I don't have any baddies but I thought they were powered by TU. I Pulled my TU report and it's still there. Weird.

Same with me, CK never showed my charge off but the score resembled my TR FICO so, I will check CK on the 12th and see if my score went up.

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 22:19:42 GMT

I recently had 2 collections drop off EQ and 2 more im hoping should drop off. I also had 3 dropoff EXPERIAN, so im hoping those raise my credit profile and scores.

As for the OP, why not just hold off on applying for the time being and let your cards grow for 6 more months and hibernate with your credit card calories

Re: Big score jump, what card now?

LS2982 — Sun, 09 Jun 2013 22:30:12 GMT

@Anonymous wrote:
@LS2982 wrote:
OP did you get in with PenFed???
Not yet, I will be apping next week.

Good luck

Which card are you going for?

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 22:39:48 GMT

@Anonymous wrote:
Thanks for the response. I would probably want a low APR and cash back. I don't carry a balance so I guess a card that might give an opening Credit Line that's significant.

for low APR and more generous starting credit limits, your best bet is to join a credit union.

There are lots of good cashback cards. There's US Bank Cash+ Discover IT, Chase Freedom, Citi Thank You (with the 5X Groceries, Gas & Drug Stores offer in branches), Penfed Rewards, and many others to choose from. What do you spend on most?

Re: Big score jump, what card now?

Anonymous — Sun, 09 Jun 2013 22:41:18 GMT

@Anonymous wrote:
I recently had 2 collections drop off EQ and 2 more im hoping should drop off. I also had 3 dropoff EXPERIAN, so im hoping those raise my credit profile and scores.

As for the OP, why not just hold off on applying for the time being and let your cards grow for 6 more months and hibernate with your credit card calories

That's not a bad idea to hibernate for awhile and on second thought I might just do that. In 5 mos I will have zero hard inquiries on all 3 CRAs and AAOA will be better. Shoot, I might even hit 750 or better by then. It is sure nice to have a clean file. Not gloating, just excited to be sort of in the drivers seat again.