Hey y'all!
I think I'm pretty much set with the credit cards that I'd ever need. However, one more that eventually I'd like to add is AMEX (any one of them).
However, I'd like to know what the requirements are and what I need to do (or need NOT to do) in order to get one.
Currently, I have about 6-7 charge-offs (one of them is paid), utlization at 24%, about 13 inquiries and AAoA is 2 years. The paid charge-off is due to fall of December 2015. All others are from December 2016 - May 2017. And no, I'm not going to throw more than $10K in debt away and struggle to do PFD with the creditors for the mistakes that I've done in the past. I'm good with the cards and the limits that I currently have and I have an excellent payment history for the past 3 years. Besides, these limits will go up.
I'm about to bring my utilization down to just a few percent (will do what people here suggest; have all the cards report with a $0 balance except for the one with the highest limit) and garden for at least a year.
Do you think that if I wait til January 2016 (after the paid charge-off falls off) I'd have a chance with AMEX (with all the other charge-offs) or I'd have to wait til May 2017?
Thank you.
Discover IT $15500, Barclay Rewards $12380, Barclay Ring $13000, Cap1 Savor $7250, Chase Freedom Unlimited $9000, Best Buy Visa $12000 , Bethpage Low Rate MC - $9000, Bethpage LOC - $15000, CITI Double Cash - $21000
EQ 783
TU 798
EX 767
