topic How is this Credit Mix? in Credit Cards

How is this Credit Mix?

Red1Blue — Thu, 03 Apr 2008 11:04:31 GMT

What are your comments for this combination of end product for my CC Collection. I'll keep these cards and weed out rest of the cards. Do you think it would make a good choice for the next 5 years?

Prime

Citi MC

BOA Visa

Amex Platinum

Sub Prime

Nat City Visa

Wamu MC

HSBC Discover

HSBC MC

Misc

Amex Optima Oasis

Store Cards

JC Penny

Target

Macy's

Old Navy

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 12:26:39 GMT

In the words of Borat (sorry just saw it last night with GF): I like. It's Nice!

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 13:55:02 GMT

I'm confused. Thought I read somewhere that it is ideal to only carry around 3-4 cards. I see that you have 12 total. Please verify........ anyone?

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 16:03:22 GMT

Concord, a nice stable of cards. Great primes, but noticed you put WaMu in the sub-prime catagory, as well as Nat'l City. I would agree the HSBC's are sub prime.

How do you classify prime vs. sub-prime? By CL on each card, the issuer, or a combination of both?

Love all your store cards too, except for the Target, unless you have a nice cl on it.

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 16:08:48 GMT

@Anonymous wrote:
I'm confused. Thought I read somewhere that it is ideal to only carry around 3-4 cards. I see that you have 12 total. Please verify........ anyone?

trashy, I think that is the 'minimum' number of cards you need to maximize your scoring potential. Most of us have more than that. I have 17(about 2 or 3 to many, as I'm not utilizing them as I should, so I'll be closing them in the next month or 2)

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 16:09:50 GMT

I agree with Sylvia about the classifications. WaMu is "iffy," but how do you figure National City is subprime?

You got a WaMu card, btw?

Re: How is this Credit Mix?

Red1Blue — Thu, 03 Apr 2008 16:31:56 GMT

I called and they said my App for Wamu Card is declined and I could apply again in 90 days. CSR said I would get a letter in the mail. I am glad they did not approve as I would have one less card to dilute the average age of accounts.

cheddar wrote:
I agree with Sylvia about the classifications. WaMu is "iffy," but how do you figure National City is subprime?

You got a WaMu card, btw?

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 16:57:52 GMT

Concord, with all due respects, you've been getting more and more declines. That should be sending you a strong message that enough is enough.

You've received a bunch of GREAT cards the past 30 days or so. Be happy with what you have.

Re: How is this Credit Mix?

Red1Blue — Thu, 03 Apr 2008 17:16:50 GMT

Sylvia, I just got approved for Smith Barney Master Card with $15CL. Looks like all the high end prime card issuers sees some thing in me and approve me. Sub Prime issuers does not see to my value to them. I wanted two Prime Cards and I got them.

No more apps for Credit Cards. I wish I can take some time off and go to an Island some where and have few drinks and sleep on the sunny sands and watch blue waves from ocean and listen to music.

Ok. Ok. I am waking up from Sweet Dream. Hope it comes true in the near future.

Sylviatob wrote:
Concord, with all due respects, you've been getting more and more declines. That should be sending you a strong message that enough is enough.

You've received a bunch of GREAT cards the past 30 days or so. Be happy with what you have.

Re: How is this Credit Mix?

Anonymous — Thu, 03 Apr 2008 17:29:24 GMT

"Sylvia, I just got approved for Smith Barney Master Card with $15CL. Looks like all the high end prime card issuers sees some thing in me and approve me. Sub Prime issuers does not see to my value to them."

I think that there is some truth in what you say! To me it's counter-logical. Odd how it works out that way, eh?