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It has been a long time since I posted, I have been really good...until today that is.
I closed on my first property on 8/30 and wanted to add some tradelines. Until today I had only had NFCU CC ($16,100), NFCU LOC ($12,000), Sallie Mae MC (Barclay) ($2500) and CapOne MC ($5000). So, I am renovating the property and added the following this morning:
Home Depot $500
Walmart $1000
Sams Club $637 (IK )
My question is this, will this cause any AA from my current accounts? Did I just shoot myself in the foot for getting this accounts? I have a ton of inquiries now (mortgage and apps) and will be taking a HUGE hit on my already sad AAoA (3 yrs I think). Should I decline the Sam's Club? I really just wanted the discover version. They are the same as Walmart so idk. I know that I already took the hit for the inquiry but I may be able to avoid the hit from that one on my AAoA, what do you all think? I got the Home Depot for the renovations expecting much higher limits because of the cash back promotion. That is Citi, how quickly does this grow? As for Walmart, I thought I could use it for misc. items and the free FICO.
So annoyed with myself right now. I didn't even really need these cards at all....ERRRR! I feel so guilty like to just fell off the wagon and need a meeting or intervention!
I won't claim to have the answers to your questions, but I really want to know. How did you get a 637 dollar CL??? lol.
Current: EQ FICO 0, TU FICO 0, EX FICO 0 | Starting Score: 0 (08/21/2013) Starting total revolving credit: $0 | Current total revolving credit: $1600.00 Inquiries (12 Months): EQ 3-4 TU Unsure EX Unsure | Most Recent: 8/19/2013 | Mechanically Sound Car | Fifth Third $300 U.S. Bank Harley Davidson $300 Capital One Platinum $500 2nd Capital One Platinum $500 |
I think you will be fine, but I would call Home Depot and ask for a higher limit (tell them you just bought a house, etc.) . They are pretty good about increasing limits even after just being approved. It usually is a SP when you call in right after approval, later CLI requests are pretty easy to get, but they do a HP (usually on TU) when you request one online. When I got mine, they approved me for 1500, after the phone call it went to 4500, no HP required.
I would not decline the Sam's, you already took the hit (INQ) for it. You may want to call them too to see if they will increase the limit.
People put way too much stock in stories of AA. RELAX.
IK right! Its the strangest approval I think that I have ever received.
It is such a random number, I don't know. It was an instant approval and says congradulations and gave me $637 dollars :-)
I will give it a try, thank you for the response!
@shorrttyycm1 wrote:It has been a long time since I posted, I have been really good...until today that is.
I closed on my first property on 8/30 and wanted to add some tradelines. Until today I had only had NFCU CC ($16,100), NFCU LOC ($12,000), Sallie Mae MC (Barclay) ($2500) and CapOne MC ($5000). So, I am renovating the property and added the following this morning:
Home Depot $500
Walmart $1000
Sams Club $637 (IK )
My question is this, will this cause any AA from my current accounts? Did I just shoot myself in the foot for getting this accounts? I have a ton of inquiries now (mortgage and apps) and will be taking a HUGE hit on my already sad AAoA (3 yrs I think). Should I decline the Sam's Club? I really just wanted the discover version. They are the same as Walmart so idk. I know that I already took the hit for the inquiry but I may be able to avoid the hit from that one on my AAoA, what do you all think? I got the Home Depot for the renovations expecting much higher limits because of the cash back promotion. That is Citi, how quickly does this grow? As for Walmart, I thought I could use it for misc. items and the free FICO.
So annoyed with myself right now. I didn't even really need these cards at all....ERRRR! I feel so guilty like to just fell off the wagon and need a meeting or intervention!
I wouldnt worry about AA because of those cards. I see it as a non issue. Citi grows really well with you. They do like to HP for CLI requests but I have heard of SP CLIs.
I wouldn't worry about AA but I would call Home Depot for CLI and Sams!
I also agree that now you should call and try to get higher CLs on the cards you got. Don't worry so much about AA, it will recover
I called all new cards and asked for limit increases and no go! The walmart and sams said 3-6 months via hard pulls. Home depot (Citi) said they review regulary. All said that I could try but would be hard pulls. I said no thank you, I have enough inquries for now. I guess I will just garden these and, if they don't grow, I can always close after a year. Uhh, shouldve just went for another NFCU card...LOVE THEM!
@shorrttyycm1 wrote:IK right! Its the strangest approval I think that I have ever received.
It is such a random number, I don't know. It was an instant approval and says congradulations and gave me $637 dollars :-)
That's hilarious. I hope I get a weird one like that one day =)
Current: EQ FICO 0, TU FICO 0, EX FICO 0 | Starting Score: 0 (08/21/2013) Starting total revolving credit: $0 | Current total revolving credit: $1600.00 Inquiries (12 Months): EQ 3-4 TU Unsure EX Unsure | Most Recent: 8/19/2013 | Mechanically Sound Car | Fifth Third $300 U.S. Bank Harley Davidson $300 Capital One Platinum $500 2nd Capital One Platinum $500 |