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Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

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Super Contributor

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

I mean I could see myself going for the Plat for the low interest except I likely wouldn’t get 7.99% nor do I ever carry a balance and my cashRewards is already at 11.65% - but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens. 

 

The big approvals definitely have gotten my attention though. Worst case scenario I suppose I could get a second card and see if they’ll combine it after 6 months or a year. 



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 11 of 17
Community Leader
Super Contributor

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Congratulations OP and thanks for the DP. 

 

Learn something new everyday. 

REVISED GOAL: Garden ‘til Dec 2020 — 0 inquiries

Previous Goal: Garden til APR 2020 (extended) and
800 Club (accomplished)


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799
DEC 2017: EX 775, TU 778, EQ 769

|| NFCU CashRewards $30K || AmX Cash Magnet $30K || Discover IT $22.2K || Macy's $20K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 12 of 17
Frequent Contributor

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Congratulations, OP 👏🏾 Fantastic DP. Thanks for sharing!

06.2019

03.2018

NFCU CLOC: $15,000
Message 13 of 17
Valued Member

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

“but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens.”

I only had one credit card a year ago with a $500 SL. I’ve had a lot of inquiries this year (average of 12) but I’ve also added 12 new accounts for a total of over 38k in credit PLUS a mortgage. My score has gone up and down but hasn’t changed much because my mortgage hasn’t posted yet and it’s my only active loan, plus I still have a medical collection. From my research when building credit, it’s nornal to add more accounts the first year and let them age together. It’s worked for me anyhow. You just have to find what works for you
NEW MORTGAGE:
Wells Fargo: $110,000 (9/18) Not reporting yet

LINE OF CREDIT:
NFCU CLOC $4,000 (11/30/18)

CREDIT CARDS:
NFCU Go Rewards Sig Visa: $15,000 SL (12/18)
NFCU Cash Rewards Visa: $3000 / $1,000 SL (9/18)
AMEX Delta Gold: $1,000 SL (9/18)
Discover It: $2,500 (graduated 7 statements+3 days) $300 secured SL (2/18)
Capital One Quicksilver MC: $500 (auto CLI at 6th statement cut) $300 SL (3/18)
BOA Americard MC (secured): $300 SL (2/18)

STORE CARDS:
Amazon Prime Store Card: $1,000 SL (9/18)
Target: $200 SL (9/18)
Walmart: $200 SL (9/18)
Wayfair: $8,000 / $500 SL (9/17)
Kohls: $500 SL (9/18)
Victoria's Secret: $1,500 / $500 SL (3/18)
Ashley Stewart: $1,100 / $350 SL (3/18)

FICO 8:
(02/01/18) TU: 616 | EQ: 617 | EX:631
(09/07/18) TU: 634 | EQ: 603 | EX:624
(11/14/18) TU: 650 | EQ: 619 | EX:646

FICO 9:
(11/03/18) TU: ??? | EQ: 652 | EX: 666

MEDICAL COLLECTIONS REPORTING:
TU: 2 | EQ: 2 | EX: 2
Message 14 of 17
Super Contributor

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals


@LearningToGarden wrote:
“but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens.”

I only had one credit card a year ago with a $500 SL. I’ve had a lot of inquiries this year (average of 12) but I’ve also added 12 new accounts for a total of over 38k in credit PLUS a mortgage. My score has gone up and down but hasn’t changed much because my mortgage hasn’t posted yet and it’s my only active loan, plus I still have a medical collection. From my research when building credit, it’s nornal to add more accounts the first year and let them age together. It’s worked for me anyhow. You just have to find what works for you

Unfortunately this isn’t my first year. I was a bit slow. Ch 7 2010, repo of reaffirmed car 2012, first credit after BK 2014.

 

I am also very low income at 18k and I’ve got $25,750 revolving credit with the last card I added so honestly boosting my cashRewards to $7,500 would more than satisfy any current credit needs as I can’t really see a scenario where I would need more than $2000 which would be ~27% of that limit and I’m a PIF type unless I’m financing something major at 0%. 

 

I just don’t want to trigger AA for all the new accounts - although I think it’s incredibly unlikely with the lenders I have and the fact that I’ve shown I’ll prune cards I don’t use. 

 

I am just a worrier by nature. Your DPs definitely help me set my expectations so I thank you again Smiley Very Happy

 

And sorry for derailing your thread but I appreciate your input Smiley Happy



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 15 of 17
Valued Contributor

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Great success and data points! Congrats. NFCU is it.
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 16 of 17
Established Member

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

east nor west Navy is the best Smiley Very Happy

Message 17 of 17
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