App Spree after gardening

[gen-specific]

My quarterly credit scores came in and they were satisfactory (my experian score moving up nearly 100 points), so it was time to make good on my plan of optimization. For credit cards and credit lines, I was already very comfortable with the amount of total credit available and have been pruning my cards in favor of better cards, while being conscious of the average age of my accounts.

This time, the goal was to not have any limits under $10,000 at the end of the spree.

OPENED:

(+20,000) Barclays Arrival+ World Elite

INCREASED:

(+60,000) Citi Thank You Premier

(+30,000) Bank of America VISA

(+30,000) Wells Fargo Platinum VISA

CLOSED:

(-3680) Barclays Financing Visa (the Apple store promo) - after moving 1/2 of its credit limit to the Barclays Arrival+ 

(-7000) Citi Diamond Preferred

Untouched for now:

Anything AMEX related until September*

Macy's Store + Macy's AMEX

So the Macy's cards (which is two separate lines) is on the chopping block. They started me with abnormally low 3-figure limits, allowed an increase and then decreased it very low again. I hear this is common, before they unilaterally close it. I actually use this card sometimes, but it seems like I won't get a 5-figure limit on this card nor will it be worth it dealing with their foot locker employees masquarading as credit analysts.

But since the Macy's card is an AMEX, I'll keep it open for my next consumer credit moves:

*AMEX the institution has granted me $30,000 in credit on one card already. The Macy's one adds to that amount. AMEX will require tax/income information from the IRS once I apply for a limit over $35,000 from them. So I am avoiding triggering that until the IRS begins reporting my most recent income information, since this is greater than last year's and last year's is greater than the year before that. The IRS begins reporting my most recent information in September. I'll try to do a 3x CLI on AMEX then, and see what I can do with Macy's then too.

I was very surprised at the amount Citibank granted me on my Thank You Premier, I had $24,900 and it was increased to $60,000 . I also have a custom credit line and another card with them, so for one institution to be granting me that much credit is suprising, after having listened to underwriters at several other institutions today say "well nobody else is lending you over $30,000 on one line so the most we can give you is something under that". Citi - on the other hand - just took that bailout money and ran with it!

Thanks for reading!

[ExplicitElicit]

Congrats on you new cards and limits! 

[alvon123]

congrats

[BigBS]

Congrats!  Citi definitely thinks you are a worthy customer.

[coldnmn]

Congrats! Thanks for sharing.

[MsLadyRover]

Nice spree.  Congrats!

[MissMoni223]

Now THIS is a very successful APP Spree after gardening, CONGRATS!!!

[gdale6]

Fantastic limits there OP, grats to all your success

[gen-specific]

thank you, guys

It was worth the wait. All week I was waiting for my quarterly scores to report, they were late, I even called my service about why they were taking so long. "The garden" makes me so ansy, but I remained disciplined (easier to do, since my scores had dropped nearly 100 points from a single deragotory) and it paid off.

[CreditMagic7]

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@gen-specific wrote:

My quarterly credit scores came in and they were satisfactory (my experian score moving up nearly 100 points), so it was time to make good on my plan of optimization. For credit cards and credit lines, I was already very comfortable with the amount of total credit available and have been pruning my cards in favor of better cards, while being conscious of the average age of my accounts.

This time, the goal was to not have any limits under $10,000 at the end of the spree.

OPENED:

(+20,000) Barclays Arrival+ World Elite

INCREASED:

(+60,000) Citi Thank You Premier

(+30,000) Bank of America VISA

(+30,000) Wells Fargo Platinum VISA

CLOSED:

(-3680) Barclays Financing Visa (the Apple store promo) - after moving 1/2 of its credit limit to the Barclays Arrival+ 

(-7000) Citi Diamond Preferred

Untouched for now:

Anything AMEX related until September*

Macy's Store + Macy's AMEX

So the Macy's cards (which is two separate lines) is on the chopping block. They started me with abnormally low 3-figure limits, allowed an increase and then decreased it very low again. I hear this is common, before they unilaterally close it. I actually use this card sometimes, but it seems like I won't get a 5-figure limit on this card nor will it be worth it dealing with their foot locker employees masquarading as credit analysts.

But since the Macy's card is an AMEX, I'll keep it open for my next consumer credit moves:

*AMEX the institution has granted me $30,000 in credit on one card already. The Macy's one adds to that amount. AMEX will require tax/income information from the IRS once I apply for a limit over $35,000 from them. So I am avoiding triggering that until the IRS begins reporting my most recent income information, since this is greater than last year's and last year's is greater than the year before that. The IRS begins reporting my most recent information in September. I'll try to do a 3x CLI on AMEX then, and see what I can do with Macy's then too.

I was very surprised at the amount Citibank granted me on my Thank You Premier, I had $24,900 and it was increased to $60,000 . I also have a custom credit line and another card with them, so for one institution to be granting me that much credit is suprising, after having listened to underwriters at several other institutions today say "well nobody else is lending you over $30,000 on one line so the most we can give you is something under that". Citi - on the other hand - just took that bailout money and ran with it!

Thanks for reading!

---

Reading that line just made my day

Citbank! continues to amaze, and those recent results just confirms it to me yet again.

It was a good read all the way thru OP, thanks for sharing it and with some graceful color