I'm in shock. I just started trying to clean up my credit & was approved just last month for 2 CC from NFCU. (they absolutely ROCK!)
Anyway, was at Sears buying some stuff DH conned (I mean convinced) me into thinking he had to have. The cashier asked if I wanted to apply so I would save $15 on my purchase. I almost said no but said sure why not. Was turned down initially for Sears Mastercard (through Citibank) but was offered Sears Mastercard (through HSBC). No annual fee & the interest rate was only a little higher. Only a $300 CL but hey this is really my first "approval" on a long time for a card. I'm not sure who they pulled but only my EQ is half-way decent at 623 FICO.
I definately recommend app in the store as I've been turned down for various other store cards recently. Also have been turned down by HSBC recently.
Thanks everyone for the congrats. So now someone explain this to me. Last week when I app in store I was denied the initial Sears gold MC (by Citibank) but they counter-offered the Sears Solutions (by HSBC) with no AF, but only $300 limit which I took.
Anyway was conned (um convinced) once again by my DH to run to Sears & pick up a few things in their sale flyer. Well it just so happens my new Sears Solutions MC had just arrived in the email & came with a coupon for $10 off $50 purchase. Well got to Sears & several things were out of stock. So looking at comparable items, which were of course more expensive, I commented that my CL was only $300 & I didn't want to max it out. The salesmen said sometimes they can get it increased if I've had the card at least 6 weeks & made my 1st payment. None of which were the case.
So anyway after an hour of looking at stuff (& talking to DH via cell phone while he looked up models etc online) the salesman said something about running my credit for a Sears Plus CC (backed by Citibank) & I'm like no they just denied me last week. He said this was a different CC. I app & was approved for $1,800 instantly! Makes no sense to me but I'm happy. I'm a little confused about which card this is exactly. So Sears offers a Gold MC (via Citibank), Solutions MC (via HSBC), & then a Plus Card (via Citibank)??
I'm a little worried about the hit on my AAofA. This is my 4th new account in the last month. I checked my AAofA after opening the other Sears account last week & it was still around 5 years which isn't too bad. Also is there any point to having the 2 different Sears CC? Should I cancel the little $300 HSBC backed one?? Or just PIF the only purchase I made on it & sock drawer it??? (with the occasional purchase from time to time)
This gives me 4 positive revolving TL added in the last month. (I had none previously) The extra $1,800 I'm sure is doing wonders for my utilization.
Also any input on if this will mess up any chance I have of re-fi my car loan?? Should I hold off another month or two before I apply for that so they can see I'm handling my new CC & making payments on them.
So apparently Sears loves me as well as NFCU!