topic Re: Fico scores from app spree in Credit Cards

Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 17:20:06 GMT

so i just received my discover IT card from my 9/25 app spree. I noticed they put fico score they pulled. Its an ouch lol. They pulled eq score , and it was over 50 points different from the Fico score i have here oh well no wonder i didn't get the best APR in the world. Also got BCP today and they only showed me TU score even though they triple pulled ?

Re: Fico scores from app spree

parakleet — Mon, 30 Sep 2013 17:28:57 GMT

Sorry about the less than stellar terms. But congrats on the approvals. I don't believe Amex is required to give you scores from all three bureaus they pull from.

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 17:33:38 GMT

The followup question would be I think my less than stellar rates is due to one CO that will fall off next spring. Is it possible for them to reduce rates once that has fallen off and my scores go up an bit ?

Re: Fico scores from app spree

myjourney — Mon, 30 Sep 2013 17:34:26 GMT

@parakleet wrote:
Sorry about the less than stellar terms. But congrats on the approvals. I don't believe Amex is required to give you scores from all three bureaus they pull from.

+1 correct they just show the one they based their decision on even tho they pulled all 3 CB's .......congarts on the approvals and treat both cards right and you'll be rewarded

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 17:38:13 GMT

well discover will only be used for online shopping if i do any this year lol. and amex is going to be on grocery shopping duty, which i already have to buy every once in an while. Maybe gasoline if for some reason i hit the limit with my amex costco card. The one thing i am happy about with amex card approval is i can back date it to 95, which hopefully will help my AAoA an lot lol

Re: Fico scores from app spree

myjourney — Mon, 30 Sep 2013 17:39:30 GMT

@mongstradamus wrote:
well discover will only be used for online shopping if i do any this year lol. and amex is going to be on grocery shopping duty, which i already have to buy every once in an while. Maybe gasoline if for some reason i hit the limit with my amex costco card. The one thing i am happy about with amex card approval is i can back date it to 95, which hopefully will help my AAoA an lot lol

Don't forget the 3X CLI in 61 days ..........Yay

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 17:42:40 GMT

@myjourney wrote:
@mongstradamus wrote:
well discover will only be used for online shopping if i do any this year lol. and amex is going to be on grocery shopping duty, which i already have to buy every once in an while. Maybe gasoline if for some reason i hit the limit with my amex costco card. The one thing i am happy about with amex card approval is i can back date it to 95, which hopefully will help my AAoA an lot lol
Don't forget the 3X CLI in 61 days ..........Yay

yes i have put an reminder in google calender for that date, in case I forget for some reason. Right now i am trying to read thru the cardmember agreement for Amex card its quite long. Is it an yes or no on ccc potentially dropping apr once my last baddie drops off?

Re: Fico scores from app spree

Revelate — Mon, 30 Sep 2013 17:48:51 GMT

@mongstradamus wrote:
@myjourney wrote:
@mongstradamus wrote:
well discover will only be used for online shopping if i do any this year lol. and amex is going to be on grocery shopping duty, which i already have to buy every once in an while. Maybe gasoline if for some reason i hit the limit with my amex costco card. The one thing i am happy about with amex card approval is i can back date it to 95, which hopefully will help my AAoA an lot lol
Don't forget the 3X CLI in 61 days ..........Yay
yes i have put an reminder in google calender for that date, in case I forget for some reason. Right now i am trying to read thru the cardmember agreement for Amex card its quite long. Is it an yes or no on ccc potentially dropping apr once my last baddie drops off?

Trying to get APR reductions is akin to trying to get anything worthwhile out of the Magic 8 Ball.

Some lenders may play ball but usually it's trying to put lipstick on a pig; if you're looking for a balance carrying card it's almost always in one's best interests to get a low APR card designed for that specific purpose.

It doesn't sound like either card will be used that often anyway from your description, and unless you intend to carry a balance on one or the other, the APR is irrelevant; fact is though, even the best of terms on either of those two cards is much higher than any of the low APR cards, roughly double though I haven't kept up with rates in the past few months but that's likely a reasonable estimate still.

Congrats on the excellent approvals though, those are two quality cards, the BCP being high quality in my book at that .

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 17:51:48 GMT

@Revelate wrote:
@mongstradamus wrote:
@myjourney wrote:
@mongstradamus wrote:
well discover will only be used for online shopping if i do any this year lol. and amex is going to be on grocery shopping duty, which i already have to buy every once in an while. Maybe gasoline if for some reason i hit the limit with my amex costco card. The one thing i am happy about with amex card approval is i can back date it to 95, which hopefully will help my AAoA an lot lol
Don't forget the 3X CLI in 61 days ..........Yay
yes i have put an reminder in google calender for that date, in case I forget for some reason. Right now i am trying to read thru the cardmember agreement for Amex card its quite long. Is it an yes or no on ccc potentially dropping apr once my last baddie drops off?
Trying to get APR reductions is akin to trying to get anything worthwhile out of the Magic 8 Ball.

Some lenders may play ball but usually it's trying to put lipstick on a pig; if you're looking for a balance carrying card it's almost always in one's best interests to get a low APR card designed for that specific purpose.

It doesn't sound like either card will be used that often anyway from your description, and unless you intend to carry a balance on one or the other, the APR is irrelevant; fact is though, even the best of terms on either of those two cards is much higher than any of the low APR cards, roughly double though I haven't kept up with rates in the past few months but that's likely a reasonable estimate still.

Congrats on the excellent approvals though, those are two quality cards, the BCP being high quality in my book at that .

Hmm that doesn't sound promising, the reason i brought it up was when i had to call back after getting 7-10 day message on my initial application, the guy told me apr was going to be 12.99 % for my amex card, so i am an bit bummed that its an bit higher than that. Oh well must have been really borderline so i can see why they didn't give me the best rate.

Re: Fico scores from app spree

Revelate — Mon, 30 Sep 2013 17:54:47 GMT

Discover would be a much better bet for getting an APR reduction on than Amex at least. Reading through another thread here apparently some people have gotten a reduction through them, but it's not worth betting on from a financial planning perspective anyway.

Re: Fico scores from app spree

myjourney — Mon, 30 Sep 2013 17:58:30 GMT

@Revelate wrote:
Discover would be a much better bet for getting an APR reduction on than Amex at least. Reading through another thread here apparently some people have gotten a reduction through them, but it's not worth betting on from a financial planning perspective anyway.

+1 Discover is a better bet at lowering APR's

After a better credit profile fill out the form and return it for possible reduction in APR

Re: Fico scores from app spree

09Lexie — Mon, 30 Sep 2013 17:58:46 GMT

I agree with Revelate. My APR reduction with Discover was painless however it was done for more of a pride thing and not to carry a balance. For that, I have two boring no frills CU cards.

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 18:00:19 GMT

@Revelate wrote:
Discover would be a much better bet for getting an APR reduction on than Amex at least. Reading through another thread here apparently some people have gotten a reduction through them, but it's not worth betting on from a financial planning perspective anyway.

well i won't expect and apr reduction, so if it does happen will be an pleasent surprise. I don't plan ever carry an balance so it shouldn't matter.

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 18:02:22 GMT

@09Lexie wrote:
I agree with Revelate. My APR reduction with Discover was painless however it was done for more of a pride thing and not to carry a balance. For that, I have two boring no frills CU cards.

I think next year i may have to think about applying for an CU card for big emergencies. For now i just don't want anything crazy just stuff for things i already buy like amazon, gas, and groceries. Got myself in trouble once don't want to repeat that :-(

Re: Fico scores from app spree

09Lexie — Mon, 30 Sep 2013 18:05:38 GMT

Good answer

Re: Fico scores from app spree

mongstradamus — Mon, 30 Sep 2013 18:07:29 GMT

sadly i am still recovering from the last time with an CO from cap one , no matter how many times i try to GW with them, they always deny me. I don't want that to happen ever again if i can help it.