Read that this was a good card, and it made sense to go for it, since I'm a Fidelity customer.
The very low limit was a little surprising, as I've had a Fidelity account for over ten years. I'm not really an unknown customer to them. Curious if Elan will improve the limit after a couple years, or if I'm stuck with it.
Anyway, my strategy at the moment is to apply for cards with all the lenders I want a relationship with, and just deal with the inquiries. Since I'm well over the 5/24 rule, and know not to even try at Chase or for any luxury cards anytime soon.
My reasoning for the app spree was that, if I'm ever going to open new credit lines, it makes sense to me to do that now rather than later. Long term, the improved payment history, mix, age, and utilization calculation hopefully can offset all the new credit and short-term inquiries.
Planning on getting all my account balances to zero very soon, within a matter of weeks or a couple months. So I can then take the time to rebuild for maybe two years, while I have nothing important on the horizon.
congrats on the approval
A win is a win, congratualtions on you Fidelity approval!
Congrats on the approval!
