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First off, longtime stalker of these forms, but this is my first post.
Credit Background:
paid off about $20,000 of credit card debt via debt management over a year ago (combination of work issues and being young and stupid). Shortly after compleating debt management applied for 3 cards to rebuild my credit (EQ FICO 610):
Cap One Cash rewards: $750
Orchard Back: $300
Discover More: $1,000 (Hard CLI last month to $2,000)
Let those cards cook on my CR for about 8 months and this past weekend decided to try to try to move more into prime land (EQ FICO 680):
Citi Thankyou Perfered: Approved! $6K
Chase Saphire Perfered: Approved! $5K
Amex Platnium (Had it before and loved it since I travel a lot): Approved
BOA Royal Caribian: Pending, but probually denied since BOA hates me
My question now is what should I do with the Capital One and Orchard card, they have AF's, should I just sock drawr them? Or is it better to cancel them?
@djc0198765 wrote:First off, longtime stalker of these forms, but this is my first post.
Credit Background:
paid off about $20,000 of credit card debt via debt management over a year ago (combination of work issues and being young and stupid). Shortly after compleating debt management applied for 3 cards to rebuild my credit (EQ FICO 610):
Cap One Cash rewards: $750
Orchard Back: $300
Discover More: $1,000 (Hard CLI last month to $2,000)
Let those cards cook on my CR for about 8 months and this past weekend decided to try to try to move more into prime land (EQ FICO 680):
Citi Thankyou Perfered: Approved! $6K
Chase Saphire Perfered: Approved! $5K
Amex Platnium (Had it before and loved it since I travel a lot): Approved
BOA Royal Caribian: Pending, but probually denied since BOA hates me
My question now is what should I do with the Capital One and Orchard card, they have AF's, should I just sock drawr them? Or is it better to cancel them?
A big congrats!
I would PIF those other cards and cancel it. It will continue to report for 10 years.
Amex backdate should be awesome.....Congrat
Thats what I am thinking, the Cap one and Orchard are $0 balance, the Discover I use as my main card and put thru about $4k a month on it so I PIF a few times each month. Also I am assuming I should keep the Discover around right? From my understanding Discover will grow with me and provide some pretty good CLI's
@nicholasyud wrote:Amex backdate should be awesome.....Congrat
Was thinking about that! for Amex I was an AU before I got my own card in 04 so my old member since was 1998, is Amex going to report since 98 or since 04 when I got my own account?
Congrats
One of the better sprees I've seen! Big congrats!
Thanks everyone! Going to close out the Capital One and Orchard cards, get the Amex backdated and that shread any credit card offers that come in the mail and garden!!! Long term would anyone recomend adding anything else,?only other thing I have on my credit is a BMWFS lease (besides the stack of closed accounts from the DMP which should fall off in another 4 years).
Congrats!