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One last piece of advice! Please!

New Contributor

One last piece of advice! Please!

Hello everyone. First, I would like to thank all of you for being so incredibly helpful. I started with my scores at 520 and now they're at 650.

 

I need one last piece of advice. 

 

I have a Discover It card ($2k), Capital One ($300), Bank One($450) and I just got approved a couple of days ago for an AMEX Delta card ($1k)

 

Question is, is now a good time to apply for one last card and then just age them and focus on CLI's. If now is a good time, which cards should I focus on getting given my scores? I would like BofA cash rewards but my fico may be too low. I would appreciate feedback from you guys!

19 REPLIES
Established Contributor

Re: One last piece of advice! Please!

When did you get the cards?

What is AAoA? AoOA? AoYA?

Back In the garden March 2018 until June 2019 (Mortgage)
FICO 8 Scores (Inquiries) October 15, 2018

Military Star - $8.7K | FCCU Platinum VISA - $11K | Care Credit - $12K | Barclay AA Red MC - $5K | Best Buy Citi Visa - $3K | Cap1 Savor - $3.1K | USAA VISA - $6K | PFCU Power Cash Rewards VISA - $28.5K | CSP $19K | USAA AMEX - $12K | AMEX BCE - $30K | Chase Freedom - $10K | HSBC MC - $1.75K | CITI DC - $8.8K | Discover It - $14K | NFCU Cash Rewards Visa - $10K | NFCU CLOC - $15K | TD Ameritrade Client Rewards Visa - $1.5K
AAoA 6 Yrs 2 Mos AoOA 15 Yrs 2 Mos AoYA 6 Mos
Currently 12/24
3/24 on 1/14/20
0/24 on 3/15/20
Installment Loans
BMW $46K of $66K @ .99% (31% Paid)
Student Loans $34K of $70K @ 2.75% (51% Paid)
Annual Income ~ $110K
Message 2 of 20
New Contributor

Re: One last piece of advice! Please!


@ttulaw wrote:

When did you get the cards?

What is AAoA? AoOA? AoYA?


4.7 years. First account opened 21 years ago.

 

Disco 1 year

Capital One 3 months

Bank One 9 months

Amex 2 days, haven't even received card yet. 

Message 3 of 20
Established Contributor

Re: One last piece of advice! Please!


@CybeRise wrote:

@ttulaw wrote:

When did you get the cards?

What is AAoA? AoOA? AoYA?


4.7 years. First account opened 21 years ago.

 

Disco 1 year

Capital One 3 months

Bank One 9 months

Amex 2 days, haven't even received card yet. 


Getting another card now doesn't seem problematic based on the various account ages. However, your score does seem on the low side for a BoA Rewards Card.  Any derogs with the CRAs?  Are you just looking for a cash back card to compliment your Disco?

Back In the garden March 2018 until June 2019 (Mortgage)
FICO 8 Scores (Inquiries) October 15, 2018

Military Star - $8.7K | FCCU Platinum VISA - $11K | Care Credit - $12K | Barclay AA Red MC - $5K | Best Buy Citi Visa - $3K | Cap1 Savor - $3.1K | USAA VISA - $6K | PFCU Power Cash Rewards VISA - $28.5K | CSP $19K | USAA AMEX - $12K | AMEX BCE - $30K | Chase Freedom - $10K | HSBC MC - $1.75K | CITI DC - $8.8K | Discover It - $14K | NFCU Cash Rewards Visa - $10K | NFCU CLOC - $15K | TD Ameritrade Client Rewards Visa - $1.5K
AAoA 6 Yrs 2 Mos AoOA 15 Yrs 2 Mos AoYA 6 Mos
Currently 12/24
3/24 on 1/14/20
0/24 on 3/15/20
Installment Loans
BMW $46K of $66K @ .99% (31% Paid)
Student Loans $34K of $70K @ 2.75% (51% Paid)
Annual Income ~ $110K
Message 4 of 20
New Contributor

Re: One last piece of advice! Please!


@ttulaw wrote:

@CybeRise wrote:

@ttulaw wrote:

When did you get the cards?

What is AAoA? AoOA? AoYA?


4.7 years. First account opened 21 years ago.

 

Disco 1 year

Capital One 3 months

Bank One 9 months

Amex 2 days, haven't even received card yet. 


Getting another card now doesn't seem problematic based on the various account ages. However, your score does seem on the low side for a BoA Rewards Card.  Any derogs with the CRAs?  Are you just looking for a cash back card to compliment your Disco?


To be honest. I am, not sure what I want or need. I know I want to have a total of 5 cards. Eventually, I want to drop Credit One. But for now, I just want to add 1 more card so they all age at the same time. 

Message 5 of 20
Frequent Contributor

Re: One last piece of advice! Please!

Hello, congrats first of all on getting your score up. Do you mind if I ask, what was your report like when you apped for the Capital One card? My scores are just starting to go up and I think what's holding me back is the high inquiries. I am gardening hoping they age off and put me in a better position to add some good bank cards.


4/14/18 EQ: 653 TU: 666 EX: 669

9/29/18 EQ:729 EX:712 TU: 715


Message 6 of 20
New Contributor

Re: One last piece of advice! Please!


@AnikinsDarling wrote:

Hello, congrats first of all on getting your score up. Do you mind if I ask, what was your report like when you apped for the Capital One card? My scores are just starting to go up and I think what's holding me back is the high inquiries. I am gardening hoping they age off and put me in a better position to add some good bank cards.


Of course! Happy to help! I got my Capital One card 3 months ago when my score was 623

Message 7 of 20
Frequent Contributor

Re: One last piece of advice! Please!


@CybeRise

Of course! Happy to help! I got my Capital One card 3 months ago when my score was 623


My scores are EX 665, EQ 640, and TU 662. I would love to try for a Capital One for myself (I am currently an AU on my husband's account). However, I dont know if I should chance it just yet. My inquiries are at 18 for all three bureaus due to recently getting a new car. I love seeing how well others like yourself are doing on their credit journeys. It gives me hope!


4/14/18 EQ: 653 TU: 666 EX: 669

9/29/18 EQ:729 EX:712 TU: 715


Message 8 of 20
New Contributor

Re: One last piece of advice! Please!


@AnikinsDarling wrote:

@CybeRise

Of course! Happy to help! I got my Capital One card 3 months ago when my score was 623


My scores are EX 665, EQ 640, and TU 662. I would love to try for a Capital One for myself (I am currently an AU on my husband's account). However, I dont know if I should chance it just yet. My inquiries are at 18 for all three bureaus due to recently getting a new car. I love seeing how well others like yourself are doing on their credit journeys. It gives me hope!

 

.I have accross all 3 credut bureaus, I have 26 inquires. 7 being the lowest on Experian 


Message 9 of 20
Valued Member

Re: One last piece of advice! Please!

Don’t know what your FICO 9 is for EQ, but my EX FICO 9 was 656 when I was approved for PenFed Power Cash Rewards (2% card). I don’t imagine my FICO 9 was much higher for EQ, which is what PenFed pulls.

FICO 8 Scores 4/1/2018: 694 EX 714 EQ 740 TU

WF Cash Wise $12,500 PenFed Power Cash $9,500 BOA $4900 HSBC Cash Rewards $2750 Discover It $800 Maurices $500
Message 10 of 20