Lowes limit guess after CS

[My_Fako]

I Just moved in to a house. 

Wanted to stay away from anymore store cards. 

But have one one close and like the 5%

What are you guys and girls opinions on possibly SL after Credit Solutions 

TU 687 8 inq's... none in the past 9 or 10 months. 

Have Amazon and Walmart both @ 6k. Highest current limit Marriott 15k

Should I app online or in store. 

About 10% Ult  

Income 78k

[Anonymous]

When I applied my score was in the 640 Range if I remember correctly.  Only approved for a 300 limit but increased that to 6000 (score 660ish) at 3 months and to 17000 in 6 months ( score 670ish).   I do have two mortgages with 12 years and 7 years with no missed payments though.  

Wife approved for 3000 in store with scores around 740 and increased to 17000 10 minutes later with Credit Solutions.  No mortgage on file.  Had my homes before we met. 

I have read lots of posts lately that suggest that Credit Solutions doesn't always increase just after approval.  A lot of people say they need at least one statement but then get a good increase.  

[KSK1912]

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@Anonymous wrote:

When I applied my score was in the 640 Range if I remember correctly.  Only approved for a 300 limit but increased that to 6000 (score 660ish) at 3 months and to 17000 in 6 months ( score 670ish).   I do have two mortgages with 12 years and 7 years with no missed payments though.  

Wife approved for 3000 in store with scores around 740 and increased to 17000 10 minutes later with Credit Solutions.  No mortgage on file.  Had my homes before we met. 

I have read lots of posts lately that suggest that Credit Solutions doesn't always increase just after approval.  A lot of people say they need at least one statement but then get a good increase.  

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+1

I was approved with $300 SL and did everything i can for the first week for a cli with no go. Purchased a dishwasher for $295, paid it off, and within the next week i was sitting at $12K limit with a thin file and several accounts opened wihtin the previous 12 months. ( a lot of accounts) At the time my walmart and amazon were new too and they were at $6000 each. So if you have a walmart and amazon around $6K, then you should be easily go to $10K+ on your lowes card.

[CreditDunce]

I don't think it matters if you app online or in store.  Maybe you can get 10% off for your purchase if you app in store?

I would be a little careful poking sync too much.  You already have two cards with them.  For 5% and a new house, I would be tempted to app.  But not request a CLI.

http://ficoforums.myfico.com/t5/Credit-Cards/What-the-heck-is-going-on-with-Synchrony/td-p/4669682

[My_Fako]

I was lucky enough to pay cash for the house. So no new mortgage. 

Walmart is going on 2 yrs old and Amazon is like 14 months old. So I did think Syc would mind a new account. "Blue Envelope"

I tried the Home Depot pre-qualifier said I was good to app, but I know Citi won't give me a limit like Lowes.  

[Anonymous]

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@My_Fako wrote:

I was lucky enough to pay cash for the house. So no new mortgage. 

Walmart is going on 2 yrs old and Amazon is like 14 months old. So I did think Syc would mind a new account. "Blue Envelope"

I tried the Home Depot pre-qualifier said I was good to app, but I know Citi won't give me a limit like Lowes.  

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I think one of the issues regarding the blue envelope was a lot of new cards in a short period of time.  I have 6 accounts with Synchrony Bank and the last one was more than a year ago.  I got my Lowes approval with a 660 EX score and it started off at $500, but currently sits at $15K which is where it will remain unless they give an auto increase as I don't intend to call any attention to myself. 

Have a great weekend.

[KSK1912]

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@Anonymous wrote:

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@My_Fako wrote:

I was lucky enough to pay cash for the house. So no new mortgage. 

Walmart is going on 2 yrs old and Amazon is like 14 months old. So I did think Syc would mind a new account. "Blue Envelope"

I tried the Home Depot pre-qualifier said I was good to app, but I know Citi won't give me a limit like Lowes.  

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I think one of the issues regarding the blue envelope was a lot of new cards in a short period of time.  I have 6 accounts with Synchrony Bank and the last one was more than a year ago.  I got my Lowes approval with a 660 EX score and it started off at $500, but currently sits at $15K which is where it will remain unless they give an auto increase as I don't intend to call any attention to myself. 

Have a great weekend.

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+1

You would not have any issues with that account, you already have an established background with them. Last year iopen over 20 accounts total, with a very thin file and even then i never had any issues with them. I would take lowes credit over HD anyday.

[My_Fako]

Ok. I might pull the trigger soon. 

Its just theres a could other accounts I want to open. 

Has as being in the garden 9 or 10 months long enough? To app for a few accounts? Or to soon?

Need suggestions my FICO buddy's!

[KSK1912]

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@My_Fako wrote:

Ok. I might pull the trigger soon. 

Its just theres a could other accounts I want to open. 

Has as being in the garden 9 or 10 months long enough? To app for a few accounts? Or to soon?

Need suggestions my FICO buddy's!

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Like i mentioned above, last year during my rebuild, i opened about 25 to 30 accounts total and kept asking fo cli from synchrony with no problem. went from $500 secured credit card to $75K unsecured in a very short time and never had any problem.

Just to put it in a perspective for you, within a month of opening up each synchrony account ( which were all about the same time)

Walmart $150 SL to $6K

Amazon $800 SL to $6500

Sams Club $637 SL to $8500

Lowes $300 SL to $12K

If i have not been flagged for too many accounts - too quick, i highly doubt anyone will.

[Anonymous]

I would go for it.  Seems like Synchrony was doing a little housekeeping to end the year.  My SL was $2k nearly 2 years ago.  It sits at $10k now.  2 of my inquiries fall off in January and only 1 hard inqury will remain on my record.  I am cancelling two cards as soon as the payments I just made clear.  I'm going to try to push more money through fewer cards to keep the banks happy.