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went on a little shopping spree

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Member

went on a little shopping spree

i wanted to expand my available credit to help my utilization.

 

did the SCT with overstock.com and got 2k limit, tried the luv button but no go Smiley Sad

 

opened an account with NFCU, got a CLOC for 5k and a credit card with 3100 limit and 14.9% APR right off the bat.

 

the CLOC they asked me to provide my income information and bank statements then approved. said no increase on the CLOC for at least 6 months for some reason...

 

my scores are 647 ex 634 tu 635 eq

 

i now have:

cap one qs $650 limit, started with 400

cap one platinum with 3500 limit, started at 3k then auto bump to 3500

credit one 800 limit, started with 500

credit one 500 limit, started at 400, this one's been **bleep**ty at increasing...

macys 500 limit, started at 300

overstock 2k limit

NFCU 3100

 

debating if i should stop or try for a few more.

 

Message 1 of 16
15 REPLIES 15
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Community Leader
Super Contributor

Re: went on a little shopping spree

Thats a great approval for you scores with Navy! Congrats to you!. Treat them right, and they will do the same to you! Your doing a great job..Smiley Happy

My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 2 of 16
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Established Contributor

Re: went on a little shopping spree

Congrats on your new accounts. What is your AAOAs? Depending what it is, I wouldn't try for any others until your scores are a little higher. Then, you can cancel your starter Credit One cards. They will not increase your credit limit, and will not grow with you. Believe me, I had them.

You can also combine your two Capital One cards into one, depending on how long you had them open, as well.

Good luck!!
Message 3 of 16
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Member

Re: went on a little shopping spree

thanks guys!
where do i find my AAoA?

didnt know about combining cap one cards, any reason to combine them?
Message 4 of 16
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Valued Contributor

Re: went on a little shopping spree

You should stop, combine, and drop the credit one accounts since they're costing you money.

Message 5 of 16
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Member

Re: went on a little shopping spree

from experian: oldest account 11.5 yrs, average age 3.4 yrs
Message 6 of 16
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Member

Re: went on a little shopping spree

hmm, i guess i should go read the terms again, how do the credit one cards cost me?
Message 7 of 16
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Valued Contributor

Re: went on a little shopping spree

Credit one charges you a monthly "annual fee" of $6/mo right?

Message 8 of 16
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Member

Re: went on a little shopping spree

i havent noticed it on my statements, but i'll go back and double check
Message 9 of 16
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Valued Contributor

Re: went on a little shopping spree

Looking through the member agreement it could be even more depending on which card and how old it is.

 

https://www.creditonebank.com/assets/pdf/creditonebankcreditcardagreements.pdf

Message 10 of 16
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