@Anonymous wrote:
OK I can't resist: the words ...."Credit One"...."approval"...holiday cheer"...all in the same sentence!
Yes, yes, yes. I did that. I have read some horror stories, but the APR, if an actual APR (and not computed daily as some have said), is less than my Cap1 cards and the anual fee is a mere $6 more. "Why not," I said. It may haunt my days to come. Christmas past may indeed rear it's ugly head in a few months, eh?
I figure if the way it works is horrid, it gets closed, I have enough other accounts I am actively building good profiles with, my credit numbers keep inching up, so if I close a 2-3 month old account, meh, minimal impact in the big picture. I'll know soon enough if it's as bad as some say, or as good as others claim. I hope I will know soon enough anyway.
My numbers are slowly inching towards good cards - I have some baddies from student loans I can't seem to shake, so I have another 2.5-3 years in junky land due to them (I can say it's these because denails always ref late pays, and well, the student loan baddies are my only late pays in the past 5 years minus a couple odd ones I missed I am taking care of and 2 30-days on my mortgage when I was unemployed in 2012). I figure I have about 20 accounts between revolving, installment and others that when they finally drop, I should get one helluva boost across the board. Couple that with with stellar usage (only 2 cards are over 40% util over past 3 months, the wife's barlcay apple visa and one of my cap 1's) but we pay over minimum and keep using, paying, using paying etc. so my overall util is under 30% in any given month over the past 6 months with close to $15k in cls now vs. a year ago when I had a single $300 hsbc discover.
