So I guess it's time for me to garden. Looking for advice and for how long.
My oldest cc at this point is that darn Orchard now turned Cap 1 and only $300. I really have no use for it other than the AAoA, which isn't long...April 2012. I'm assuming I should sock drawer it right? Do I use this card every so often so that they don't close it for inactivity? How often should I use it?
I obtained my Walmart Discover for the simple fact that it gives the the TU score monthly. Limit is now $1800. Started at $800 in April 2013, THEY increased it another $1000 last month. I'm told to ask for an increase every 4 months or so and I believe I read it's a SP when you hit the luv button online. Is this correct? So, I'll be sitting on it until my 4 months is up and then I'll hit the luv button to see if it does anything for me. I assume I should use this a little here and there to make them want to give me an increase in 4 months right? Otherwise, I really don't have much use for them either. I have used it a lot since getting it, PIF, but I think their cash-back is ridiculous. Out of the 4 months I have used it, I have a cash back of $3.00+ Like what is that going to do for me?
So then a few days ago I applied and was approved for the Blue Sky Amex for $10k. I have to admit, this will be my #1 card and I plan on using it FOR EVERYTHING to build points to use on vacation and PIF monthly.
I was also approved the same day for $4500 for a Chase Freedom. I'm now wondering what the heck will I do with this card? I will get $100 once I spend $500 in the first 3 months....easily done. It gives the 5% cash back on certain things each quarter, this quarter looks like it's gas stations...so I will solely use it for all of our gas purchases just for that reason. The other things this quarter is Amusement parks and Kohls (which isn't something I'll be using it for). So do I just use it for the gas only and otherwise just let it sit in my wallet?
I guess it's time to garden for me right? I know my credit score is going to take a hit since I have 2 new inquiries/cards. I'm hoping since my utilization amount will go up, it won't hurt "too bad" or will recover nicely in a few months. So how long do I garden for? Do I wait until the inquiries fall off?
Prior to these 2 new cards I had 1 inquiry on my TU (from Wal-Dis) and that is it. Anyone know WHO Chase & Amex pulls from? I don't want to have to run another CR in order to find out.
Thanks in advance for your help/comments/suggestions.
Where is everyone today/tonight? Are the weekends slow around here. 
@audia4 wrote:So I guess it's time for me to garden. Looking for advice and for how long.
My oldest cc at this point is that darn Orchard now turned Cap 1 and only $300. I really have no use for it other than the AAoA, which isn't long...April 2012. I'm assuming I should sock drawer it right? Do I use this card every so often so that they don't close it for inactivity? How often should I use it?
I obtained my Walmart Discover for the simple fact that it gives the the TU score monthly. Limit is now $1800. Started at $800 in April 2013, THEY increased it another $1000 last month. I'm told to ask for an increase every 4 months or so and I believe I read it's a SP when you hit the luv button online. Is this correct? So, I'll be sitting on it until my 4 months is up and then I'll hit the luv button to see if it does anything for me. I assume I should use this a little here and there to make them want to give me an increase in 4 months right? Otherwise, I really don't have much use for them either. I have used it a lot since getting it, PIF, but I think their cash-back is ridiculous. Out of the 4 months I have used it, I have a cash back of $3.00+ Like what is that going to do for me?
So then a few days ago I applied and was approved for the Blue Sky Amex for $10k. I have to admit, this will be my #1 card and I plan on using it FOR EVERYTHING to build points to use on vacation and PIF monthly.
I was also approved the same day for $4500 for a Chase Freedom. I'm now wondering what the heck will I do with this card? I will get $100 once I spend $500 in the first 3 months....easily done. It gives the 5% cash back on certain things each quarter, this quarter looks like it's gas stations...so I will solely use it for all of our gas purchases just for that reason. The other things this quarter is Amusement parks and Kohls (which isn't something I'll be using it for). So do I just use it for the gas only and otherwise just let it sit in my wallet?
I guess it's time to garden for me right? I know my credit score is going to take a hit since I have 2 new inquiries/cards. I'm hoping since my utilization amount will go up, it won't hurt "too bad" or will recover nicely in a few months. So how long do I garden for? Do I wait until the inquiries fall off?
Prior to these 2 new cards I had 1 inquiry on my TU (from Wal-Dis) and that is it. Anyone know WHO Chase & Amex pulls from? I don't want to have to run another CR in order to find out.
Thanks in advance for your help/comments/suggestions.
Just do typical spending on the biggie to keep them happy...gas, food, etc. Amex pulls ex first, then all if borderline. Chase pulls eq/ex in my area (Illinois). Yes, it's slow, except for us stragglers playing at work.
just use the cards reguraly, and make sure too make your payments on time. if your not looking too apply for any other cards dont really worry about balances, but rememebr you dont want too pay interest.
what are your credit goals?
does the cap one card have an af? if so id close it personally before the af hits, otherwise sock drawer it.
@creditnocash wrote:just use the cards reguraly, and make sure too make your payments on time. if your not looking too apply for any other cards dont really worry about balances, but rememebr you dont want too pay interest.
what are your credit goals?
does the cap one card have an af? if so id close it personally before the af hits, otherwise sock drawer it.
I always PIF and will continue to do so and don't intend on carrying any balances or pay interest.
My goal is to continue to add to my profile, increase my limits and buy another house in the next year or two.
I'm not sure about the Cap One card because Orchard switched over to them, the website has switched over, but it's been months and I haven't received a card yet from them. I already paid the AF for this year (a few months ago), so I should be good to go until some time next year (I think in June or July). I have no idea if Cap 1 is keeping the same terms I had with OB or not (same AF & APR). If they are, I have absolutely no use for them and especially if they have no intentions on upping my credit at all.
If I sock drawer the Cap 1, will they close the account for no use? If they continue to charge me a $59 AF, I want to go ahead and close it myself next year when that time comes. I'm just worried about the repercussions of closing my oldest card I have that's still open at the moment. What will that do to me?
@myjourney wrote:
@audia4 wrote:So I guess it's time for me to garden. Looking for advice and for how long.
My oldest cc at this point is that darn Orchard now turned Cap 1 and only $300. I really have no use for it other than the AAoA, which isn't long...April 2012. I'm assuming I should sock drawer it right? Do I use this card every so often so that they don't close it for inactivity? How often should I use it? SD and use ever so often. How often is every so often? I don't want them to close it on me for non-use. I already haven't used it for a couple of months due to them changing companies and after getting my Discover card.
I obtained my Walmart Discover for the simple fact that it gives the the TU score monthly. Limit is now $1800. Started at $800 in April 2013, THEY increased it another $1000 last month. I'm told to ask for an increase every 4 months or so and I believe I read it's a SP when you hit the luv button online. Is this correct? So, I'll be sitting on it until my 4 months is up and then I'll hit the luv button to see if it does anything for me. I assume I should use this a little here and there to make them want to give me an increase in 4 months right? Otherwise, I really don't have much use for them either. I have used it a lot since getting it, PIF, but I think their cash-back is ridiculous. Out of the 4 months I have used it, I have a cash back of $3.00+ Like what is that going to do for me? Thanks for the info.
So then a few days ago I applied and was approved for the Blue Sky Amex for $10k. I have to admit, this will be my #1 card and I plan on using it FOR EVERYTHING to build points to use on vacation and PIF monthly. Congarts Thanks.
I was also approved the same day for $4500 for a Chase Freedom. I'm now wondering what the heck will I do with this card? I will get $100 once I spend $500 in the first 3 months....easily done. It gives the 5% cash back on certain things each quarter, this quarter looks like it's gas stations...so I will solely use it for all of our gas purchases just for that reason. The other things this quarter is Amusement parks and Kohls (which isn't something I'll be using it for). So do I just use it for the gas only and otherwise just let it sit in my wallet? Congarts Use it for gas and the shopping catorgory is next so you may find some more uses. I will definitely be using it for all of my gas purchases. I really don't do much "shopping" and I'm getting this card a little too late for school shopping. DARN because I did go to Kohls.
I guess it's time to garden for me right? Oh yes it is ...Lol I know my credit score is going to take a hit since I have 2 new inquiries/cards. I'm hoping since my utilization amount will go up, it won't hurt "too bad" or will recover nicely in a few months. So how long do I garden for? 6 months at least Do I wait until the inquiries fall off? Let the INQ's age at least 6 months to lessen the sting 6 months. Sigh. Is that how long it will take to recover from the hits? Or creditors don't usually take them in to consideration if they are older?
Prior to these 2 new cards I had 1 inquiry on my TU (from Wal-Dis) and that is it. Anyone know WHO Chase & Amex pulls from? EX I don't want to have to run another CR in order to find out.
Thanks in advance for your help/comments/suggestions. So is it possible to find a card with someone that only pulls TU instead?
Thanks for your replies.
@audia4 wrote:
@myjourney wrote:
@audia4 wrote:So I guess it's time for me to garden. Looking for advice and for how long.
My oldest cc at this point is that darn Orchard now turned Cap 1 and only $300. I really have no use for it other than the AAoA, which isn't long...April 2012. I'm assuming I should sock drawer it right? Do I use this card every so often so that they don't close it for inactivity? How often should I use it? SD and use ever so often. How often is every so often? I don't want them to close it on me for non-use. I already haven't used it for a couple of months due to them changing companies and after getting my Discover card. Every 4 months should do
I obtained my Walmart Discover for the simple fact that it gives the the TU score monthly. Limit is now $1800. Started at $800 in April 2013, THEY increased it another $1000 last month. I'm told to ask for an increase every 4 months or so and I believe I read it's a SP when you hit the luv button online. Is this correct? So, I'll be sitting on it until my 4 months is up and then I'll hit the luv button to see if it does anything for me. I assume I should use this a little here and there to make them want to give me an increase in 4 months right? Otherwise, I really don't have much use for them either. I have used it a lot since getting it, PIF, but I think their cash-back is ridiculous. Out of the 4 months I have used it, I have a cash back of $3.00+ Like what is that going to do for me? Thanks for the info.
So then a few days ago I applied and was approved for the Blue Sky Amex for $10k. I have to admit, this will be my #1 card and I plan on using it FOR EVERYTHING to build points to use on vacation and PIF monthly. Congarts Thanks.
I was also approved the same day for $4500 for a Chase Freedom. I'm now wondering what the heck will I do with this card? I will get $100 once I spend $500 in the first 3 months....easily done. It gives the 5% cash back on certain things each quarter, this quarter looks like it's gas stations...so I will solely use it for all of our gas purchases just for that reason. The other things this quarter is Amusement parks and Kohls (which isn't something I'll be using it for). So do I just use it for the gas only and otherwise just let it sit in my wallet? Congarts Use it for gas and the shopping catorgory is next so you may find some more uses. I will definitely be using it for all of my gas purchases. I really don't do much "shopping" and I'm getting this card a little too late for school shopping. DARN because I did go to Kohls.
I guess it's time to garden for me right? Oh yes it is ...Lol I know my credit score is going to take a hit since I have 2 new inquiries/cards. I'm hoping since my utilization amount will go up, it won't hurt "too bad" or will recover nicely in a few months. So how long do I garden for? 6 months at least Do I wait until the inquiries fall off? Let the INQ's age at least 6 months to lessen the sting 6 months. Sigh. Is that how long it will take to recover from the hits? OH yes it takes that long for thin files maybe 3-4 months for thicker files
Or creditors don't usually take them in to consideration if they are older?
Prior to these 2 new cards I had 1 inquiry on my TU (from Wal-Dis) and that is it. Anyone know WHO Chase & Amex pulls from? EX I don't want to have to run another CR in order to find out.
Thanks in advance for your help/comments/suggestions. So is it possible to find a card with someone that only pulls TU instead? GE and Barclay card pull TU
Thanks for your replies.
@myjourney wrote:
@audia4 wrote:
@myjourney wrote:
@audia4 wrote:So I guess it's time for me to garden. Looking for advice and for how long.
My oldest cc at this point is that darn Orchard now turned Cap 1 and only $300. I really have no use for it other than the AAoA, which isn't long...April 2012. I'm assuming I should sock drawer it right? Do I use this card every so often so that they don't close it for inactivity? How often should I use it? SD and use ever so often. How often is every so often? I don't want them to close it on me for non-use. I already haven't used it for a couple of months due to them changing companies and after getting my Discover card. Every 4 months should do. I really hope they send my card soon then because the last time I used it was May (I just checked).
I obtained my Walmart Discover for the simple fact that it gives the the TU score monthly. Limit is now $1800. Started at $800 in April 2013, THEY increased it another $1000 last month. I'm told to ask for an increase every 4 months or so and I believe I read it's a SP when you hit the luv button online. Is this correct? So, I'll be sitting on it until my 4 months is up and then I'll hit the luv button to see if it does anything for me. I assume I should use this a little here and there to make them want to give me an increase in 4 months right? Otherwise, I really don't have much use for them either. I have used it a lot since getting it, PIF, but I think their cash-back is ridiculous. Out of the 4 months I have used it, I have a cash back of $3.00+ Like what is that going to do for me? Thanks for the info.
So then a few days ago I applied and was approved for the Blue Sky Amex for $10k. I have to admit, this will be my #1 card and I plan on using it FOR EVERYTHING to build points to use on vacation and PIF monthly. Congarts Thanks.
I was also approved the same day for $4500 for a Chase Freedom. I'm now wondering what the heck will I do with this card? I will get $100 once I spend $500 in the first 3 months....easily done. It gives the 5% cash back on certain things each quarter, this quarter looks like it's gas stations...so I will solely use it for all of our gas purchases just for that reason. The other things this quarter is Amusement parks and Kohls (which isn't something I'll be using it for). So do I just use it for the gas only and otherwise just let it sit in my wallet? Congarts Use it for gas and the shopping catorgory is next so you may find some more uses. I will definitely be using it for all of my gas purchases. I really don't do much "shopping" and I'm getting this card a little too late for school shopping. DARN because I did go to Kohls.
I guess it's time to garden for me right? Oh yes it is ...Lol I know my credit score is going to take a hit since I have 2 new inquiries/cards. I'm hoping since my utilization amount will go up, it won't hurt "too bad" or will recover nicely in a few months. So how long do I garden for? 6 months at least Do I wait until the inquiries fall off? Let the INQ's age at least 6 months to lessen the sting 6 months. Sigh. Is that how long it will take to recover from the hits? OH yes it takes that long for thin files maybe 3-4 months for thicker files What is considered a thin vs a thick file?
Or creditors don't usually take them in to consideration if they are older?
Prior to these 2 new cards I had 1 inquiry on my TU (from Wal-Dis) and that is it. Anyone know WHO Chase & Amex pulls from? EX I don't want to have to run another CR in order to find out.
Thanks in advance for your help/comments/suggestions. So is it possible to find a card with someone that only pulls TU instead? GE and Barclay card pull TU Is Barclay a good card to have? Are there different "types" of Barclay cards?
Thanks for your replies.
