My TransUnion Fico is 688 and Equifax is 637 as of now. But I have 8 inquiries on Equifax and 6 on TransUnion since January mostly due to Credit Building and a few due to Wells Fargo hitting me with 4 inquires for opening Checkin/Savings/Secured Card.
I heard it's not too hard to get approved for Kay/Jared cards and I need one for an upcoming engagment ring purchase. But will the inquiries hurt me? I also have a discharged bankruptcy from 2005 on my reports. Should I apply now or hold off for 6 months? Anyone know what kind of credit limit I could expect? Better to apply in store or online?
If you apply for Kay or Jared you'd have nine inquiries in six months. I'd say wait until next june when the inquiries will be a year or more old or be prepared to recon.
I app'ed for the Kays card on 09/11 with 8 inquires (4 from a car loan in 08/11), >60% utility, and a CO from 2006 was instantly approved for $3980 (48k annual income). You will be approved, but its hard to say what CL you will get.....DW got a kays back in 08 and they started her limit at 1550, with a 630 EQ and 50k annual income. I dont know how true this is but i was told by a CS rep that the only way to get your CL manually increased was to go into a store and they could do it.
Beware they don't report Max limit, they only report what's being usedas Max on reports your utility will be maxed
Thats odd, mine shows max limit
sorry about formatting but this is how mine shows:
Experian® Equifax® TransUnion®
Account Name KAY JEWELERS KAY JEWELERS KAY JEWELERS
Account Type Charge Account Revolving or Option Revolving account
Balance $69.00 $69.00 $69.00
Date Opened 5/1/2010 5/1/2010 5/9/2010
Account Status Open Open
Mo. Payment $25.00 $25.00 $25.00
Past Due $0.00
Payment Status Current Pays account as agreed Paid or paying as agreed
High Balance $263.00 $263.00
Limit $4,400.00 $4,400.00 $4,400.00
Terms Revolving Minimum
Which CRA is hit with the hard inquiry?
mine also shows my credit limit.
Same here. Mine reports my CL as $5100, even though the largest balance I've had has been < $200. I got the card to help with my util, and it most certainly has done that!