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One last piece of advice! Please!

Valued Contributor

Re: One last piece of advice! Please!

If Cap One only gave you $300 3 months ago, I would wait a year to apply for anything.

 

Use what you have and pay it off every month after statement hits. 

 

Then pay all but one off each month before the statement hits.

 

Alternate, rinse, repeat.

 

Check prequals next year.

Credit rebuild started in 2014  -  $100k total unsecured credit in 2017  -  $200k total unsecured credit in 2018.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

10% Rotating - Discover                             5%-20% - Amazon & Lowes                                5% Gas & Sporting - Ducks Unlimited
4% Dining & Entertain - Savor                   3% Travel & Hotels - Propel & Uber                   2% Everything Else - Venture


    $ 30,000           $ 28,500          $ 25,750          $ 17,500            $ 7,500             $8,000             $ 7,500              $ 4,000              $ 3,500

                                                     
                                                                   $ 30,000           $ 10,000           $ 10,000           $ 4,000   
Message 11 of 20
Regular Contributor

Re: One last piece of advice! Please!


@CybeRise wrote:

@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. 


Have you thought about trying the Citi pre-qual site?  If you're looking for cash back, I love their Double Cash card.  They also have some other nice rewards cards.  :-)

BCE AMEX ($15000) - Citi DC ($4600) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Delta Gold AMEX ($2000) - Nordstrom Visa Signature ($5000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Aug 2018 EQ 794 - - Sept 2018 TU 749 - - Oct 2018 EX 763
Message 12 of 20
New Contributor

Re: One last piece of advice! Please!


@dsotm76 wrote:

@CybeRise wrote:

@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. 


Have you thought about trying the Citi pre-qual site?  If you're looking for cash back, I love their Double Cash card.  They also have some other nice rewards cards.  :-)


Aren't bank cards hard to get? Don't u need a 700+ fico?

Message 13 of 20
Regular Contributor

Re: One last piece of advice! Please!


@CybeRise wrote:

@dsotm76

Aren't bank cards hard to get? Don't u need a 700+ fico?


With the pre-qual site, it doesn't hurt your score and you can see if you have an offer from them.  

 

Citi Pre-Qual

BCE AMEX ($15000) - Citi DC ($4600) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Delta Gold AMEX ($2000) - Nordstrom Visa Signature ($5000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Aug 2018 EQ 794 - - Sept 2018 TU 749 - - Oct 2018 EX 763
Message 14 of 20
Super Contributor

Re: One last piece of advice! Please!


@CybeRise wrote:

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!


No it is time for you to cease making credit applications, and to water your 'garden' and let your scores grow.


FICO8 EQ 743 TU 777 EX 752 Total revolving limits 618800 (508800 reporting)
Message 15 of 20
New Contributor

Re: One last piece of advice! Please!


@dsotm76 wrote:

@CybeRise wrote:

@dsotm76

Aren't bank cards hard to get? Don't u need a 700+ fico?


With the pre-qual site, it doesn't hurt your score and you can see if you have an offer from them.  

 

Citi Pre-Qual


No offers for me at this time. 

@dsotm76 wrote:

@CybeRise wrote:

@dsotm76

Aren't bank cards hard to get? Don't u need a 700+ fico?


With the pre-qual site, it doesn't hurt your score and you can see if you have an offer from them.  

 

Citi Pre-Qual


Message 16 of 20
New Contributor

Re: One last piece of advice! Please!


@SouthJamaica wrote:

@CybeRise wrote:

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!


No it is time for you to cease making credit applications, and to water your 'garden' and let your scores grow.


Don't you think it's wise to have 1 more card? Making it 5 total?

Message 17 of 20
Established Contributor

Re: One last piece of advice! Please!

No, 4 is best for OCD purposes!

________________________________________________

I just used that pre-qual for citi, and nothing came up. But they did suggest 3 cards. lol

Was hoping i'd get te greenlight for AAdvantage card. Smiley Sad

Message 18 of 20
New Contributor

Re: One last piece of advice! Please!


@Janus wrote:

No, 4 is best for OCD purposes!

________________________________________________

I just used that pre-qual for citi, and nothing came up. But they did suggest 3 cards. lol

Was hoping i'd get te greenlight for AAdvantage card. Smiley Sad


OK! I couldn't help myself LOL

I was making my usual daily purchase on Amazon when the "Apply for Amazon Store Card" thingy came up. This forum is so much help it's almost sad that more people don't know about it. Anyway, after doing a little research I saw people with similar scores to mine were getting approved. Yes, they were getting small SL. But after reading 5% cash back on Amazon purchases, it seemed like a no-brainer. I applied and was pleasantly surprised to see I got an SL of $1000. Ok, GARDEN TIME BABY!

Message 19 of 20
Regular Contributor

Re: One last piece of advice! Please!


@CybeRise wrote:

@Janus

OK! I couldn't help myself LOL

I was making my usual daily purchase on Amazon when the "Apply for Amazon Store Card" thingy came up. This forum is so much help it's almost sad that more people don't know about it. Anyway, after doing a little research I saw people with similar scores to mine were getting approved. Yes, they were getting small SL. But after reading 5% cash back on Amazon purchases, it seemed like a no-brainer. I applied and was pleasantly surprised to see I got an SL of $1000. Ok, GARDEN TIME BABY!


Congratulations!!!!

BCE AMEX ($15000) - Citi DC ($4600) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Delta Gold AMEX ($2000) - Nordstrom Visa Signature ($5000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Aug 2018 EQ 794 - - Sept 2018 TU 749 - - Oct 2018 EX 763
Message 20 of 20