This is more of "soon" plan and a "future" plan. I plan on doing cash reward cards because I travel once maybe 3 years. I plan on applying for these cards in a year from my next app date, which I plan to be around October.
Quick summary: My scores and cards are in my sig. I dismissed my chap 7 in 5/14.
My goal card, or cards that I'd like to have are: US Bank Cash + (1 or 2), Sallie Mae 5% cards (2) and Fidelity AMEX.
I have a 403b with Fidelity so I think it makes sense to get that card. I plan on using it for everyday purchases outside of the other cards in my list and my QS card where AMEX isn't allowed.
Questions:
1. What scores do I need for my goal cards?
2. Should I get a BOA card to help me rebuild in October? I read that an optimal score is 3 cards with 1 reporting at 9%. I was going to get a Barclays rewards but they may hurt me chances at the Sallie Mae cards?
2.5. Should I just garden my 2 cards without apping for a 3rd?
I'll probably have more questions, but this should give me a start.
Thanks all!
I would just Garden till your scores get close to 700 to app for those but that is just my opinion
@Slim1Der wrote:Just curious why US Bank is on your short list of cards. They are a VERY conservative lender. I've had my checking/savings account with them since 04' and my BK was in 08'. Since then, they have never approved me for any of their cards. I even went to the highest of the high in underwriting and nothing. They want at least 5-6 years AFTER your discharge date, and even then it's not guaranteed. I've threatened to leave them for this reason but got cards elsewhere. Try Cap 1 and Barclays. They gave me love post BK. Then if you have military connections, try the greatest NavyFederal!
Good luck!
They made my list because of the rotating categories. I can do the 5% restaurants and 5% something else, which is awesome.
I didn't include them in my BK but I never had anything from them either though. So you're saying because of my BK that I shouldn't even look their way for 6 years? I can understand that from a lender's perspective. Thanks for the tip.
I do not have military connections, but thanks for the recommendation.
EDIT: Forgot the "why"
@-Wade- wrote:
@RBFool wrote:This is more of "soon" plan and a "future" plan. I plan on doing cash reward cards because I travel once maybe 3 years. I plan on applying for these cards in a year from my next app date, which I plan to be around October.
Quick summary: My scores and cards are in my sig. I dismissed my chap 7 in 5/14.
My goal card, or cards that I'd like to have are: US Bank Cash + (1 or 2), Sallie Mae 5% cards (2) and Fidelity AMEX.
I have a 403b with Fidelity so I think it makes sense to get that card. I plan on using it for everyday purchases outside of the other cards in my list and my QS card where AMEX isn't allowed.
Questions:
1. What scores do I need for my goal cards?
2. Should I get a BOA card to help me rebuild in October? I read that an optimal score is 3 cards with 1 reporting at 9%. I was going to get a Barclays rewards but they may hurt me chances at the Sallie Mae cards?
2.5. Should I just garden my 2 cards without apping for a 3rd?
I'll probably have more questions, but this should give me a start.
Thanks all!
As Slim has stated , I would forget about the Cash+ Card
*sighs* Alright... Bubble bursters, any other recommendations on a good cash back card? Or am I pretty much limited to Sallie/Fid ? Are those even possible?
@RBFool wrote:
@-Wade- wrote:
@RBFool wrote:This is more of "soon" plan and a "future" plan. I plan on doing cash reward cards because I travel once maybe 3 years. I plan on applying for these cards in a year from my next app date, which I plan to be around October.
Quick summary: My scores and cards are in my sig. I dismissed my chap 7 in 5/14.
My goal card, or cards that I'd like to have are: US Bank Cash + (1 or 2), Sallie Mae 5% cards (2) and Fidelity AMEX.
I have a 403b with Fidelity so I think it makes sense to get that card. I plan on using it for everyday purchases outside of the other cards in my list and my QS card where AMEX isn't allowed.
Questions:
1. What scores do I need for my goal cards?
2. Should I get a BOA card to help me rebuild in October? I read that an optimal score is 3 cards with 1 reporting at 9%. I was going to get a Barclays rewards but they may hurt me chances at the Sallie Mae cards?
2.5. Should I just garden my 2 cards without apping for a 3rd?
I'll probably have more questions, but this should give me a start.
Thanks all!
As Slim has stated , I would forget about the Cash+ Card
*sighs* Alright... Bubble bursters, any other recommendations on a good cash back card? Or am I pretty much limited to Sallie/Fid ? Are those even possible?
Sorry about that , but i didn't want to see you waste a HP for nothing. I don't have the other cards so i can't help you on those
@RBFool wrote:
@-Wade- wrote:
@RBFool wrote:This is more of "soon" plan and a "future" plan. I plan on doing cash reward cards because I travel once maybe 3 years. I plan on applying for these cards in a year from my next app date, which I plan to be around October.
Quick summary: My scores and cards are in my sig. I dismissed my chap 7 in 5/14.
My goal card, or cards that I'd like to have are: US Bank Cash + (1 or 2), Sallie Mae 5% cards (2) and Fidelity AMEX.
I have a 403b with Fidelity so I think it makes sense to get that card. I plan on using it for everyday purchases outside of the other cards in my list and my QS card where AMEX isn't allowed.
Questions:
1. What scores do I need for my goal cards?
2. Should I get a BOA card to help me rebuild in October? I read that an optimal score is 3 cards with 1 reporting at 9%. I was going to get a Barclays rewards but they may hurt me chances at the Sallie Mae cards?
2.5. Should I just garden my 2 cards without apping for a 3rd?
I'll probably have more questions, but this should give me a start.
Thanks all!
As Slim has stated , I would forget about the Cash+ Card
*sighs* Alright... Bubble bursters, any other recommendations on a good cash back card? Or am I pretty much limited to Sallie/Fid ? Are those even possible?
To be honest its looking like Cap1 for a year at least. I discharged my BK in 2011, Cap 1 approved me and nobody else, 2 years out I got Barclay Rewards MC, then Discover, 3 years I got Best Buy store card, and Sallie Mae. Chase, Amex, and US Bank wont give me the time of day. Chase said try at 7 years and US Bank said 6.5 years should do the trick with no blemishes. Amex just flat out said no, they didnt want to talk about it further. I only included 1st Premier in my BK so that has no effect on thier decision.
@-Wade- wrote:
@RBFool wrote:
*sighs* Alright... Bubble bursters, any other recommendations on a good cash back card? Or am I pretty much limited to Sallie/Fid ? Are those even possible?
Sorry about that , but i didn't want to see you waste a HP for nothing. I don't have the other cards so i can't help you on those
You're fine. I would rather be told how to best use my HP VS waste them. I thank you and Slim for the feedback, I wouldn't of known otherwise and would of been worse off for wasting the pulls.
With a recent bk, your options are Cap1 and Barclays IMO. Fid/Amex and US Bank will want to see more time of re-established credit. There's nothing wrong with trying for BoA and perhaps you'll be offered their secured card- someone please chime in on the timeframe for boa after a bk dismissal 2-3 years?
