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New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

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Contributor

New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

Hey! Okay, so I posted about hitting around 800 on EX and hadn't apped in a year, so I got a SP CLI on my Citi DP of 4k, I PC'd my Cap1, and got a Nordy Visa and a new Citi DC. I wanna PC my other Citi for TY points, but get to that later.
Okay, so I got new cards. Cap One came, says World MC. My Nordstrom came, Visa Sig. My Citi DC was a few hours ago, it says MC World Elite.
That's good right? Seriously. I've NO idea what's what, but my score dropped to 769 on EX (others hovering at 740 TU to 750 EQ).
My Vantagescore jumped to 720, now at 670.
😳
Dayum. My Util was at 20%? 18%? But I think that CLI alone will help. However, mo' money, more problems.
I have like 5k of 10k on my Discover. And of course being below 30% is my jam, but I can pay about 2k, maybe $2500 over the 2 weeks from now.
Maybe 3k if I cancel my Soylent monthlies. Hmm.
Since I have those checks, from Citi DC, should I use one to pay a lil to Discover, and use my other cash to zero out the smaller balances, or just wait it out? 😟 Like, I am waiting for Sync to notice to see if I can CLI my PayPal Extras, and I'd like to raise my Cap1's, but that damned Vantagescore has seriously screwed up my mojo!
Should I just wait out a couple months of payments in cash to bring down Discover or BT from the new CitiDC, lowering almost ALL my debt and just eat the transfer costs?
Also, do those cards with titles have any effect when reported? Like, yanno, ... a better chance at fixing my scores faster?
Also, my rate on both Nordstrom and CitiDC are 17% to 18%! Like, if I can keep up my shizzle fo rizzle in 18 months, Citi stays at 18%. 😂
See, I wanna do everything at once. Ask for CLIs, PC my cards to much better ones with those low a$$ APRs, and make my scores like, ... purty again. But I dunno what seems like the best way!
But, I apped these 2 new cards because 1 inq falls off on May 27, another June 22. And another in Nov, putting me below the 4/5 threshold!
Ack! I know my scores will go back towards supercalifragilistic-800-adotious someday, but when?
And should I just pay slow, wait till like Jun, after the inqs fall off to haggle again? Or try to BT my way towards the light?
Okay. I've said my peace. 🙈🙉🙊

Thank you everyone for helping me get to this frustrating but very sweet point! 😁
Starting Score: 630
Current Score: 768/798/803
Goal Score: 820+


Take the myFICO Fitness Challenge

Began in Jan 2017.
As of Aug. 2018, just bought a new solar home!

Planning for: Chase Saphire Preferred/Reserved
Marriott Bonvoy or Amex Platinum
A Viaso card (for Japanese travel)
ANA or JAL FNBO, maybe Cathay Pacific


Amex BCE - $14000, Citi Rewards+ - $17500, Citi DC - $12500, Nordstrom VS - $15000, Discover IT - $15700, CareCredit - $15000, Cap One Venture - $6000, Amazon - $6500, Wayfair - $6900, Simply Be - $1200, Lane Bryant Platinum - $2400, Cap One Quicksilver (co-sign/au) - $1250, Victoria Secret - $1250, Paypal MC - $2700
(About $117,800k in credit. So Far ...) Updated 12/15/2019
5 REPLIES 5
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Moderator

Re: New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

You're over thinking this. Your scores dropped because you added new accounts after not applying for a year. They will recover as your new accounts age. 

If balance on Disco is on 0% apr, continue paying as usual, as long as you stick to paying it off before interest starts accumulating. 

If it's not in promo period, pay down as much as you can, not because of scoring but because it will save you money. 

 

If you truly want to see your scores go up, stop applying for new accounts. That's really all you need to do, in addition to paying down cards with high utilization. 

I told my teens yesterday I'm done repeating myself. Darwin, take the wheel, please.
Message 2 of 6
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Valued Contributor

Re: New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??


@Remedios wrote:

You're over thinking this. Your scores dropped because you added new accounts after not applying for a year. They will recover as your new accounts age. 

If balance on Disco is on 0% apr, continue paying as usual, as long as you stick to paying it off before interest starts accumulating. 

If it's not in promo period, pay down as much as you can, not because of scoring but because it will save you money. 

 

If you truly want to see your scores go up, stop applying for new accounts. That's really all you need to do, in addition to paying down cards with high utilization. 


+1. 

To simplify -

1 - Pay balances down

2 - Relax, let your accounts age, ask for SP CLIs

3 - If a card isn't working for you PC it, if no options, either SD if you can, or close if not necessary

4 - Relax some more



Scores - All bureaus 756 +
TCL - Est. $275K
Message 3 of 6
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Established Contributor

Re: New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

Run to the garden and relax and no more apps recommended.
Pay down any intro APR items to save money.
Message 4 of 6
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Community Leader
Mega Contributor

Re: New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

Unless you use the benefits, having World, Siggy, Universal, Elite, Titanium , Adamantium lol are meaninglessSmiley Wink. Swipe, pay, and enjoySmiley Happy Ill call my good friend @UncleB to fill in this gif....like Frankie Says " Relax" "Just Do It" Smiley Happy
Message 5 of 6
Highlighted
Contributor

Re: New CCs, PC and CLI. All Visa Sig or MC WE. Wassat all mean??

I've moved my always furthered shenanigans into another post.

 

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Gardening-or-one-last-App-quot-I-m-going-B...

So, yeah. Go read THAT madness, then tell me, "Hey! You! Stay off the caffeine and the couch!!!
You know better than that ... " 😠😡🤬
But yeah. I read every response and responded in kind with even more rambling responses!!!
Yassum. 😜😈✌
😍🥰😘 See ya there!

Starting Score: 630
Current Score: 768/798/803
Goal Score: 820+


Take the myFICO Fitness Challenge

Began in Jan 2017.
As of Aug. 2018, just bought a new solar home!

Planning for: Chase Saphire Preferred/Reserved
Marriott Bonvoy or Amex Platinum
A Viaso card (for Japanese travel)
ANA or JAL FNBO, maybe Cathay Pacific


Amex BCE - $14000, Citi Rewards+ - $17500, Citi DC - $12500, Nordstrom VS - $15000, Discover IT - $15700, CareCredit - $15000, Cap One Venture - $6000, Amazon - $6500, Wayfair - $6900, Simply Be - $1200, Lane Bryant Platinum - $2400, Cap One Quicksilver (co-sign/au) - $1250, Victoria Secret - $1250, Paypal MC - $2700
(About $117,800k in credit. So Far ...) Updated 12/15/2019
Message 6 of 6
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