Multiple approvals-what to do now?

Anonymous · ‎09-19-2018

So I just closed on my house Monday and wanted to see about approval for furniture. I’m convinced synchrony hates me, was declined. I’m thinking of waiting 1 yr before trying with them again for anything. Comenity though approved me for 1500 on Wayfair and 500 Avenue before declining Pottery Barn. I didn’t see any pop up approvals in the shopping cart for Children’s Place or VS so I consider comenity done. I found a prequal site for Discover. Y’all they approved me for 10,000. Target approved for 300. Now, I definitely don’t intend on using up all of these, my intent is to open up some lines with brands/companies I actually frequent before my score dips with the new mortgage. I want to keep all my utilization low (0% with cards I have before these new ones got added). Do you think I am at a stopping place to garden or is there one more card you would recommend for building credit?

gabeerwin · ‎09-19-2018

Congrats on the approvals.. especially Discover! NICE LIMIT!!

xaximus · ‎09-19-2018

Congrats on your approvals as of now. I would call it a break and hit the garden. Once denials start coming, that's usually a sign to stop. It's also risky to keep going because it's possible for AA to happen. Credit seeking behavior is a real sticky situation as well. I would build on what you have for now and give it atleast 6 months to a year.

Scores - All bureaus 770 +
TCL - Est. $410K

Anonymous · ‎09-19-2018

Thank you! I’ve never had a limit that high before. I’m still in shock

Anonymous · ‎09-19-2018

Seeking a lot of credit in a short time can lead to adverse actions by many lenders. I would garden and allow your accounts to age and build a positive credit history. Congratulations on your mortgage and current approvals...

19eighty5 · ‎09-19-2018

Congratulations on your approvals!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:

AMEX Delta SkyMiles Reserve | $2,800 | February 2019

AMEX Marriott Bonvoy Brilliant | $3,100 | August 2019

BOA BankAmericard AU | $4,500 | May 2004

Citi CostCo Anywhere Visa | $4,780 | March 2020

Citi Macy's Star Rewards | $11,100 | September 2021

Comenity Overstock | $7,100 | August 2018

Goldman Sachs Apple Card | $6,000 | March 2020

Synchrony CareCredit | $12,000 | October 2018

Synchrony Lowe's Advantage | $5,000 | March 2020

Audi e-tron - Audi Financial | $85K/72mo/3.24% | March 2022

Anonymous · ‎09-19-2018

Congrats on your mortgage and approvals! Enjoy

MartyWrite75 · ‎09-19-2018

Congratulations on your approvals!

June 2025: Experian 772; Equifax 788; Transunion 781

Cards I Have:
Cap One QS: $600 (Sock drawer) || Cap One QS (#2): $7,500 (Sock drawer) || Discover It: $17,400 || Cap One Savor One: $600 (Sock drawer) || AMEX BCP: $10,000 || Amazon Prime Store Card: $10,000 || FNBO Rewards Visa: $2,600 || Discover Cash Back: $9,500 || Citi Custom Cash: $15,500 || Verizon VS Visa: $20,000 || Amex Hilton Honors: $12,000 || Amazon (Chase) Prime Rewards (VS): $9,500 || Citi Double Cash: $6,900

Wishlist Cards:
Paypal Mastercard || Bread Mastercard

Gardening to 6/2026(ideally)
Total Utilization: 11%
Inquiries: Exp: (2) Trans: (1) Equif: (1)

Anonymous · ‎09-19-2018

Congrats on your new house and approvals! Like others have said, it's best to head to the garden for now!

Anonymous · ‎09-19-2018

Yep that’s exactly what I was thinking. I’m going to garden for the next year and see how it grows 😄

Thanks for the support!