topic Re: JC Penney in Credit Cards

JC Penney

adamseve — Wed, 04 Jun 2008 04:18:34 GMT

Has anyone applied for a JCP card lately? If so, what CRA report did they pull?

Re: JC Penney

granny031350 — Wed, 04 Jun 2008 04:19:56 GMT

I applied just a couple days ago. Pulled Equifax Michigan. Was approved for 400. Equifax score is 650

Re: JC Penney

Anonymous — Wed, 04 Jun 2008 04:56:40 GMT

GEMB pulls TU in NY

Re: JC Penney

Anonymous — Wed, 04 Jun 2008 10:31:09 GMT

TU in IN

Re: JC Penney

adamseve — Thu, 05 Jun 2008 00:17:28 GMT

Thanks for this info!

My EQ is 526 so I think I'll wait a few months before applying. Hopefully by that time a good bit of the baddies will be gone.

Re: JC Penney

Anonymous — Thu, 05 Jun 2008 00:53:27 GMT

Yes I did i think my score was low maybe 540-560 had some Delq. and they pulled TU im in the south! GEMB is strict!

Re: JC Penney

adamseve — Thu, 05 Jun 2008 03:15:02 GMT

I'm in the South too (SC). So, they'll probably pull the TU. I have a 568 with TU per TrueCredit so the true FICO is probably a little higher.

Thanks again.

Re: JC Penney

Kartel34 — Thu, 05 Jun 2008 03:30:09 GMT

I applied for the Jcpenney card around 8 months ago. At the time I was approved for 150$. After the six month period of perfect payment history they gave me a CLI of 1500.

My TU score was around 560. So far they have been good to me. Both Penneys and GEMB.

Good luck

Re: JC Penney

Anonymous — Thu, 05 Jun 2008 13:25:02 GMT

Kartel34,
how much did you utilize of the $150? did you max it out and then pay it off over the 6 months or did you buy something small every month and pay it off before the due date?

Re: JC Penney

Kartel34 — Thu, 05 Jun 2008 14:04:50 GMT

I made small purchases. Around 20 -30$. Then I pay it off within two weeks. This way I don't get hit with the finance charges. Also Jcpenneys loves sending out coupons. For example , 10$ off with min of 10 $ purchase. So the item ends up being free I guess its their way to entice you to use the card.

Re: JC Penney

Anonymous — Thu, 05 Jun 2008 14:07:22 GMT

ok, i'll just tell my wife that we have a $30 gift card, not a cc lol

Re: JC Penney

Kartel34 — Thu, 05 Jun 2008 14:17:47 GMT

Another way to beat the system. Is purchase a small item ( pair of socks,etc ).

Wait for the charge to hit the account , pay the bill then return the item. This way you establish a payment history and you will end up with a store credit . But dont loose the receipt ! Most stores give you a 30 grace period on returns. So thats plenty of time for the charge to show up.

Re: JC Penney

Anonymous — Thu, 05 Jun 2008 14:25:41 GMT

That sounds risky to me. They keep track of all this information... They might label you as a "bad customer."

Wasn't there just an article on myfico about stores dropping "difficult customers," etc?