topic Re: Crown Jewelers in General Credit Topics

Crown Jewelers

Anonymous — Sun, 06 Apr 2008 02:35:36 GMT

As I have no revolving debt, I thought I should take the plunge and get some. So, I decided on a Crown Jewelers card. I just applied online and it said it should be processed within 24 hours.

If I get this card, will it have to report 6 months before it affects my score or is that only when you have no other credit reporting?

Re: Crown Jewelers

shawnette — Sun, 06 Apr 2008 03:36:00 GMT

sidewinder wrote:
As I have no revolving debt, I thought I should take the plunge and get some. So, I decided on a Crown Jewelers card. I just applied online and it said it should be processed within 24 hours.

If I get this card, will it have to report 6 months before it affects my score or is that only when you have no other credit reporting?

The 6 months only comes into play when you have no other credit.

Re: Crown Jewelers

llecs — Sun, 06 Apr 2008 11:32:45 GMT

sidewinder wrote:
As I have no revolving debt, I thought I should take the plunge and get some. So, I decided on a Crown Jewelers card. I just applied online and it said it should be processed within 24 hours.

If I get this card, will it have to report 6 months before it affects my score or is that only when you have no other credit reporting?

The second it reports is the moment it'll have an impact on your score. You don't have to wait any, unless CJ has some sort of buying rules before they report.

I went 7 yrs without a CC and I got a better part of a 30-40 pt jump when the first one reported. It had a big impact on the mix of credit.

And to add...Credit One was that first card. It reported within two weeks of approval.

Message Edited by llecs on 04-06-2008 07:32 AM

Re: Crown Jewelers

preci0uz — Sun, 06 Apr 2008 12:30:01 GMT

Yes, you definitely have to buy something in order for them to report. Also, they don't report to EQ just TU and EX. They report at the end of the month/first week of April.

Re: Crown Jewelers

Anonymous — Sun, 06 Apr 2008 20:37:59 GMT

Approved for $1500. Hopefully this will improve credit score.

I want less than $150 to report to the CRA on this right, so util is below 10%?

I was looking on the site and found something under $100 that I'd purchase just so this reports....is too small of a balance reporting a bad thing?

Message Edited by sidewinder on 04-06-2008 01:37 PM

Re: Crown Jewelers

Anonymous — Sun, 06 Apr 2008 22:17:07 GMT

I just noticed this in the email they sent-

CREDIT REPORTING : Active Accounts are reported to Major Credit Bureaus once a month. Crown Jewelers DOES NOT report accounts that have not been activated with a purchase or are inactive for six months or more. It can take up to 90 days from the date of your first purchase before you see your account on your credit report. Since the credit limit is contingent upon down payment. We report the highest credit limit used or $500 which ever is higher.

So, I would want my balance less than $50, 10% of $500?

Re: Crown Jewelers

shawnette — Sun, 06 Apr 2008 22:48:46 GMT

sidewinder wrote:
I just noticed this in the email they sent-

CREDIT REPORTING : Active Accounts are reported to Major Credit Bureaus once a month. Crown Jewelers DOES NOT report accounts that have not been activated with a purchase or are inactive for six months or more. It can take up to 90 days from the date of your first purchase before you see your account on your credit report. Since the credit limit is contingent upon down payment. We report the highest credit limit used or $500 which ever is higher.
So, I would want my balance less than $50, 10% of $500?
I bought the cheapest thing that I would actually wear. It was around $50 and my current balance is $37. The entire $1500 limit is reporting, 0 balance.
They are only reporting to Experian at the moment. (my worst score, so thats fine with me.)

Message Edited by shawnette on 04-06-2008 03:48 PM

Re: Crown Jewelers

Anonymous — Mon, 07 Apr 2008 00:42:29 GMT

From what I've gathered, and at the moment this is speculation/my exp so far is as follows Side:

Apped March 15th approved for 1500 with in a few hours.

I made my purchase March 16th, after down payment the balance was 44ish dollars on my account.

CJ just reported to EX either Friday or Saturday so it took about 3 wks to hit, and they're currently reporting a balance of $0 on a $1500 CL.

Right now I'm tempted to say that they'll report the $1500 no matter the balance, since my balance is zero, but I won't know for sure until my balance updates to the proper amount.

I DO remember seeing something like what you posted though, specifically in conjunction with how they report the NON down payment accounts. After 3-6 months of timely payments, they change your acct so you do not have to put a down payment I think that is when it starts doing the 500/1500 CL reporting rule depending on your current balance.

I could be wrong though, this is just based on assumptions from what's happened for me and one or two other people I've talked to so far.

Re: Crown Jewelers

Anonymous — Mon, 07 Apr 2008 01:34:12 GMT

Thanks all.

TU is my highest, then EX, then EQ. EQ is so much lower b/c I have NUMEROUS accounts on it which is decreasing my age. Only a few of those accounts are on EX and only 1 or 2 on TU.

My longest account is reported on EQ and EX, not TU. It is with Ford Motor Credit. Paid in full ahead of time but multiple lates.

As I said, I have no other revolving debt, so I'm hoping once my last few collections are removed and this reports, it will be give me a good boost.

I found a pair of earrings and Mother's Day is soon........so guess that is what I'll buy.....

Re: Crown Jewelers

iltph — Mon, 07 Apr 2008 04:04:46 GMT

I opened a CJ account three weeks ago and made a purchase right after the account was opened. I got a CL of $1500 and left a balance of $49. They just reported to EX two days ago and reported the $1500 CL, but they're showing my balance is $0. My wife did the same thing as my and the exact same thing was reported on CR as well. It's strange they didn't report a balance even though we both do have one.

Re: Crown Jewelers

HikingFICOMountain — Thu, 05 Jun 2008 19:23:29 GMT

Just got approved for up to 1500 five minutes after I submitted the online app. I will buy something simple just to get it activated. Waiting to see how this affects my scores in a few months.

Re: Crown Jewelers

Anonymous — Thu, 05 Jun 2008 22:09:28 GMT

Just Applied, Doing this for utilization and more revolving accounts. Hope this brings my score up. They said give them 24 hours.

Re: Crown Jewelers

Anonymous — Thu, 05 Jun 2008 22:34:03 GMT

If you applied...after hours...your are certainly going to get an email tomorrow...if not in an hours or so...

Re: Crown Jewelers

Schoolbuskid — Thu, 05 Jun 2008 22:55:54 GMT

i bought something around may 27th or so and just noticed the account today! Currently reporting a zero balance with highest past balance $57. This account drove my score up 19 points! Only reporting to Experian right now!

Re: Crown Jewelers

Anonymous — Fri, 06 Jun 2008 00:07:36 GMT

Approved up to 1500$!!!!!! That feels nice, even though it is easy approval! I will post more when the account posts to the credit reports.

Re: Crown Jewelers

Anonymous — Fri, 06 Jun 2008 00:51:43 GMT

You are aware...you have to buy something first right...and when they ship...they report...then about a week for all CRA...to update...

Re: Crown Jewelers

Anonymous — Fri, 06 Jun 2008 01:47:22 GMT

Yes, I am. I will try and buy something tomorrow, if not, next week.

Re: Crown Jewelers

Anonymous — Fri, 06 Jun 2008 02:01:21 GMT

Do they really call your work to verify employment? lol that seems kinda weird. Never had that happen to me before.

Re: Crown Jewelers

Schoolbuskid — Fri, 06 Jun 2008 10:00:17 GMT

I dont think so, i dont believe they call mine atleast no one said anything abuot it!

Re: Crown Jewelers

Client9 — Wed, 09 Jul 2008 21:00:15 GMT

Any updates on CJ? I noticed my check I sent them has cleared.