What should I do?
It is officially 2 yeas post BK7
3 months since opening Apple Card - I will go for a CLI at beginning of next month (Soft Pull)
I have a Penfed PCR sine August with 3,500 limit (This is my daily driver - and its killing me - the utilization even tho I PIF reports) - I am hoping to get a CLI to 12,500 or more... I have a 6 figure income - just fed student loans for debt , no housing expense.
Lowe's prequalified me - I would like to get this to eventually get it to 35K (Thinking apply in store rather than the pre-qual link?)
Capital One also prequalified me for the Quicksilver for Excellent Credit with 15 months interest free and a $200 SUB
Its only 1.5% CB so I don't see any great thing - excecpt maybe a good limit?
I have a real estate business on the side - and would like a business card - was thinking Spark Cash Select? But maybe I should wait until end of year - when I can spend the money on the card to get the Sub. Maybe open the personal card.. let it age . get the Sub on the quicksilver - show responsible use - and then apply later in the year?
Then I do have Preferred Rewards with Bank of America - should I go for a card with them? Cash Rewards?
NASA FCU also pre-approved me for a platinum rewards - I like credit union cards - and this card doesnt have a Balance Transfer fee (don't need it right now - but if ever need in the future could be good to have?
@MyDataMyChoice wrote:What should I do?
I have a Penfed PCR sine August with 3,500 limit (This is my daily driver - and its killing me - the utilization even tho I PIF reports)
The issue with the PCR card and utilization is easily remedied; instead of waiting for the statement to cut and then PIFing, PIF the balance before the statement cuts. Another way to approach this is to PIF the outstanding balance before the due date and then either let the few remaining charges which post between due date and statement date report, or PIF them as well before the statement.
The statement balance is what is reported
thr balance on the first Saturday of every month
@pizza1 wrote:I would hold off on the Spark business...it will be a triple pull, and it reports to all 3 CRA. They prequal you for the quicksilver (better than the platinum, and has the potential for a better SL, plus growing), so I'd try for that.
Lowe's if you need it, I'd apply in store, and if they need verification, you're right there, and if approved, then call the BD # and tell them you're currently in store, and just got approved, but it's not enough for your purchase, and ask for $20K, they should counter or decline.
NASA is a toss up...SL limit could $2500-$10K
Penfed, will be a HP, but worth it for the CLI. Make sure all your reports are thawed. Lowes will pull EXP or TU or both. PF likely EQ, but possibly TU. Cap one all three.
I have never heard of Penfed pulling anything other than EQ. When asked if they could, i was told they exclusively pull EQ and i believe them with my over 10+ hps ive accrued through the years