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I agree about being able to be approved for both cards. I app'd for the MC card and got the AMEX too. But only $5k limit on each...but I was still happy because before that my highest limit was with Cap One of $4300.
I LOVE USAA. I do all of my banking with USAA and have multiple products with them.
@Anonymous wrote:I agree about being able to be approved for both cards. I app'd for the MC card and got the AMEX too. But only $5k limit on each...but I was still happy because before that my highest limit was with Cap One of $4300.
I LOVE USAA. I do all of my banking with USAA and have multiple products with them.
If you dont mind, what is your AAoA, oldest account, # of inq etc? I have similar scores to yours...
Here were my scores when I had 8% util, 6 years AAoA. EQ- 783, TU- 773, EX- 734 (lender pull). My available credit was $ 10,700 and my balances were $ 800 on one card, Cap One.
I then put $ 2,700 on my Wells LOC and my utilization went to 34%. My scores dropped to EQ- 753 ( down 30 points), TU- 733 ( down 40 points), EX-???? probably under 700.
My Cap One has not reported for January yet, but my balance increased to $ 4000, so when it reports my utilization is going to be around 67%. I'm afraid my scores could drop another 30 or 40 points that could put me under 700 on 2 if not all 3 cards. Do you think going from 34% to 67% will drop as much as when it went from 8% to 34%?
I had been thinking about applying for USAA World Mastercard but I had held off. When I saw how much my score dropped I decided to apply before the Cap one reported and my score would have dropped again.
Good news, instant approval of $ 15K at 10.9 %. I'm wondering, how long before the USAA account shows up because that will really help my utilization, it would go down to about 24%. Do you'll know how long after it is approved that it will show up on the Credit report?
see my post above. I'm wondering, should I go ahead and try to get another card before the Cap One reports and my scores drop again by maybe 30 to 40 points.
My total available revolving credit is now $ 25K ( USAA- 15k, Cap One- 5K and Wells Fargo - 5K). I have 3 inquiries on TU in the last year, and 6 ( one may drop off, I asked Wells if they would remove the one for the checking account I had to open for my LOC with them, and they said they would) on EQ.
We are thinking of buying a new house in a few months, my only fear is too many inquiries in the last 12 mos. TU only is reporting 2, they dont have a few of my inquiries but they do have the accounts that resulted from those inquiries, is that wierd?
My other concern would be AAofA. Right now its at 4 years.
I may also need a new car and will have to apply for a loan for that. What do you guys think?
@Anonymous wrote:Here were my scores when I had 8% util, 6 years AAoA. EQ- 783, TU- 773, EX- 734 (lender pull). My available credit was $ 10,700 and my balances were $ 800 on one card, Cap One.
I then put $ 2,700 on my Wells LOC and my utilization went to 34%. My scores dropped to EQ- 753 ( down 30 points), TU- 733 ( down 40 points), EX-???? probably under 700.
My Cap One has not reported for January yet, but my balance increased to $ 4000, so when it reports my utilization is going to be around 67%. I'm afraid my scores could drop another 30 or 40 points that could put me under 700 on 2 if not all 3 cards. Do you think going from 34% to 67% will drop as much as when it went from 8% to 34%?
I had been thinking about applying for USAA World Mastercard but I had held off. When I saw how much my score dropped I decided to apply before the Cap one reported and my score would have dropped again.
Good news, instant approval of $ 15K at 10.9 %. I'm wondering, how long before the USAA account shows up because that will really help my utilization, it would go down to about 24%. Do you'll know how long after it is approved that it will show up on the Credit report?
On each of my accounts it has taken about 2 - 3 weeks for the trade line to appear on my credit reports.
@Anonymous wrote:see my post above. I'm wondering, should I go ahead and try to get another card before the Cap One reports and my scores drop again by maybe 30 to 40 points.
My total available revolving credit is now $ 25K ( USAA- 15k, Cap One- 5K and Wells Fargo - 5K). I have 3 inquiries on TU in the last year, and 6 ( one may drop off, I asked Wells if they would remove the one for the checking account I had to open for my LOC with them, and they said they would) on EQ.
We are thinking of buying a new house in a few months, my only fear is too many inquiries in the last 12 mos. TU only is reporting 2, they dont have a few of my inquiries but they do have the accounts that resulted from those inquiries, is that wierd?
My other concern would be AAofA. Right now its at 4 years.
I may also need a new car and will have to apply for a loan for that. What do you guys think?
My advice would be to sit tight on credit right now until you close on a mortgage. You certainly don't want a car payment raising your debt-to-income ratio before you apply for the mortgage.
Thanks 06 and Lynette. I think that is probably good advice, I'm just tempted to try and get another high limit cc while my scores are at least over 720
cpacfp wrote:
Thanks 06 and Lynette. I think that is probably good advice, I'm just tempted to try and get another high limit cc while my scores are at least over 720