Since data points are limited at my scores I figured I would post. Applied when I shouldn't have but my wife was having great luck, I only had 4 INQ and figured it was worth a shot.
This was a cold app.
Data Points:
15/16 months since late.
1 Charge Off, Paid, This will be getting removed soon it looks like
90 Day late from 2013/14 (Military Star)
3 30 Day Lates and 2 60 Day Lates from 2016. Synchrony is removing, fingers crossed on the others (BoA, Citi, Cap1, Barclays).
0 Balance on all cards except Military Star which was at 29% and Barclays @ 10%
Revolving UTIL 3%
4 Inquiries
They Pulled Experian Only @ 686 FICO 08
6 New Accounts (Only 4 are Credit)
AAoA Just over 5 Years
Some Accounts 1 Month Old
Oldest Account Just over 14 Years
Income 85K
1 Mortgage, Never Late, 1 transferred mortgage never late
2 Auto Leases, Never Late, 2 Paid Auto Loans, never late
4 Student Loans, Never Late, 115%-120% Balance, these are in "In School Deferment"
Credit Accounts Below are Active, Most at 0 balance. NFCU has not reported yet, AMEX just starting to report. Hopefully they don't spook Chase.
Total Debt @ 250K
Instant Approval $8,000 SL @ 24.49% APR.
I do not think I am out of the woods yet and I will update as this process continues and I pump money through the card. We already got our promo offers on our other cards so it should be easier to do now. I did set up autopay from a checking account and set up their fraud/account protection features.
I do not know how often they will soft pull, spending limits etc. but we do plan on paying off the balances before statement and starting slow with a few direct purchases before pumping bills and online purchases through them. I have even seen recommendations on weekly payments. We pumped a ton through our AMEX the first month and got the credit within a few weeks of getting the card and we paid off the card every week.
We'll see what happens. I wanted a 5% utility card but we will be gardening until student loans can be consolidated and refinanced. Auto lease due for renewal in 18-24 months depending on when they start calling and a home refi or new house search may be on the horizon in a couple years.
So was I, was going to app late summer for a trip around the holidays but we could really use the benefits for a trip this summer and thought I would try.
